Resuscitation devices refer to a range of medical equipment used in emergency care and resuscitation procedures, including cardiopulmonary resuscitation (CPR), in order to maintain vital functions of the body and restore normal cardiac rhythm. Some examples of resuscitation devices include automated external defibrillators (AEDs), manual resuscitators, oxygen resuscitators, bag-valve-mask resuscitators, intubation equipment, and suction devices. These devices are essential in emergency care, as they help revive patients suffering from cardiac arrest or other medical emergencies.
According to the report published by Allied Market Research, the Global Resuscitation Devices Market Size generated USD 7.6 billion in 2021and is estimated to reach USD 12.2 billion by 2031, witnessing a CAGR of 4.8% from 2022 to 2031.
What are the Top Key Players In the Resuscitation Equipment Market?
The top key players in the resuscitation equipment market are:
- Philips Healthcare
- Medtronic
- Stryker
- ZOLL Medical Corporation
- Laerdal Medical
- Becton, Dickinson and Company (BD)
- Cardinal Health
- Bound Tree Medical
- Teleflex Incorporated
- Ambu A/S.
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What are the Factors that Drive the Resuscitation Equipment Market?
The resuscitation equipment market is driven by several factors, including:
- Increasing prevalence of chronic diseases: The increasing incidence of chronic diseases such as heart failure and cardiac arrests is driving the demand for resuscitation equipment.
- Growing elderly population: The aging population is more susceptible to life-threatening medical conditions, thereby increasing the demand for resuscitation equipment.
- Technological advancements: The development of new and advanced resuscitation equipment is driving the growth of the market.
- Rising awareness about resuscitation: The increasing awareness about resuscitation and the importance of timely treatment is boosting the demand for resuscitation equipment.
- Government initiatives: Governments in several countries are taking initiatives to increase access to resuscitation equipment and training programs, thereby driving market growth.
- Increasing healthcare spending: The rising healthcare expenditure and increased investment in healthcare infrastructure are leading to increased demand for resuscitation equipment.
What are the Recent Trends in Resuscitation Equipment Market?
Resuscitation Equipment Regional Analysis
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