Global Resuscitation Devices Market

Global Resuscitation Devices Market, By Product (Airway Management Devices, External Defibrillators, Convective Warming Blankets, Other Resuscitation Devices), By Patient Type (Adult Patients, Pediatric Patients), By End-User (Hospitals, Ambulatory Surgical Centers, and Cardiac Centers, Pre-Hospital Care Settings, Other End Users), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2158
  • Available Format: PDF
  • Page: 193

Report Overview

Resuscitation devices are typically used in almost any emergency situation for the purpose of stimulating spontaneous breathing. The growing occurrences of cardiovascular diseases, increasing demand for emergency care, and high levels of premature births are some factors spurring the global resuscitation devices market growth.

The global resuscitation devices market was worth USD 7.0 billion in 2020 and is further projected to reach USD 9.6 billion by the year 2027, growing at a CAGR of 4.8% during the forecast period. Rising cases of cardiac arrests, increased awareness of defibrillators, increased premature births, and rising incidences of target diseases, which have encouraged the use of resuscitation devices in hospitals and other healthcare facilities, are driving the global resuscitation devices market.

Global Resuscitation Devices Market

Source: BlueWeave Consulting

Global Resuscitation Devices Market - Overview

CPR (cardiopulmonary resuscitation) is an emergency medical procedure used when patients are unable to breathe. It is a combination of chest compressions and artificial ventilation (AV) that helps maintain oxygenation and circulatory flow in cases of cardiac arrest. CPR uses chest compression to imitate the function of heart pumping. In emergency situations, cardiopulmonary resuscitation is usually carried out using a defibrillator. Cardiac defibrillators are devices that provide an electric shock to the heart via two electrodes placed on the patient’s torso. The purpose of this procedure is to restore the normal heart rhythm.

Global Resuscitation Devices Market Forecast and Trends

Growth Drivers

Application of Resuscitation Devices in The Emergency Care

There are several emergencies that can lead to cardiac arrests and if CPR is not performed properly and promptly, fatalities can occur. Resuscitation devices are used in various emergencies like accidents, heart attacks, drug overdoses, electrocution injuries, smoke inhalation, etc. If a patient becomes unresponsive or is experiencing deterioration in the heart function due to collapse or other reasons, the doctors perform CPR immediately to restore the function of the heart. Additionally, cardiovascular arrests are also possible during surgery due to oxygen deprivation and may require CPR. Because of the factors cited above, the global resuscitation devices market is flourishing.

Surging Number of Preterm Births

The number of preterm births around the world is increasing at a very high rate. According to WHO, an estimated 15 million babies are born every year (before 37 weeks of gestation). Due to their underdeveloped lungs, preterm babies often have breathing difficulties. Neonatal resuscitation is performed on newborns to provide oxygen to neonates, stimulate their breathing, and get their hearts going again. Additionally, some neonates need extensive resuscitation, especially those with congenital conditions. This factor is projected to propel the demand for resuscitation devices during the forecast period.

Restraints

High Risk Of Long-term Complications in Patients

Chronically ill patients who undergo emergency CPR have a less than 5% chance of surviving. And even if the patient survives the physical trauma, the risk of long-term consequences is very high post the CPR, such as possible brain damage from oxygen deprivation. Because of such complications, the surgeons put the use of resuscitation devices as a last resort. Such consequences also act as a limiting factor for the growth of the global resuscitation devices market.

Impact of COVID-19 on Global Resuscitation Devices Market

The COVID-19 and the pandemic situation may have dramatically affected the global resuscitation devices market. This is because of the high safety and social-distancing protocols laid down by authorities for ensuring clinical safety while performing cardiopulmonary resuscitation. CPR is generally performed in the negative-pressure rooms. However, due to the high number of critical COVID-19 patients, the in tubated patients are kept in a non-negative pressure room where CPR is avoided. Furthermore, with a huge shortage of PPE kits, the doctors were unable to provide the CPR technique because of the high risk of the transmission of the virus.

Global Resuscitation Devices Market - By Type

Based on types, the global resuscitation devices market is grouped into airway management devices, external defibrillators, convective warming blankets, and other resuscitation devices. Among these, the airway management devices segment accounts for the largest market share. The purpose of these devices is to establish an airway for oxygenation and ventilation without entering the trachea. Thus, it is becoming increasingly common in pre-hospital environments, emergency rooms, and operating rooms. The market is gaining significant traction because of this reason.

Global Resuscitation Devices Market - By Patient Type

Based on patient types, the global resuscitation devices market is grouped into adult patients, and pediatric patients. Among these, the adult patient segment captures the largest market share. This is because of the high patient population suffering from various cardiovascular and respiratory diseases. Moreover, the growing geriatric population is contributing to the increasing demand for resuscitation devices because of an increase in life expectancy. Defibrillators are also used for patients suffering from cardiac arrests due to accidents or other traumatic events. However, the pediatric patient segment is also growing at a substantial rate because of the increasing prevalence of preterm births.

Global Resuscitation Devices Market - Regional Insights

Geographically, the global resuscitation devices market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the regions North America dominates this market. As a result of the high prevalence of cardiac and respiratory diseases and the aging population in this region, resuscitation devices are in high demand. About one in seven adults in the US has a lung disorder such as COPD. Furthermore, high healthcare expenditure further drives the adoption of technologically advanced medical devices. Also, constant research and development activities by industry players, helping to fuel the demand for resuscitation devices. Additionally, industry players are constantly researching and developing resuscitation devices, thereby contributing to the growth of the resuscitation devices market in North America.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading market players in the global resuscitation devices market are GE Healthcare, Drägerwerk AG & Co. KGaA, Physio-Control Corporation (Stryker), Koninklijke Philips N.V., Smiths Medical, ZOLL Medical Corporation, Resmed, Inc., Nihon Kohden Corporation, Mindray, Ambu, Cardinal Health, Medtronic, 3M Company, KARL STORZ, Vyaire Medical, Teleflex, Intersurgical, Flexicare, Salter Labs, and other prominent players.

The market is highly concentrated and dense with the presence of several global and regional market players. The industry players utilize innovative products and technologies and are constantly involved in approving and launched products in different geographic locations to increase their market presence and penetration. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, etc., is also very prominent in this market.

Recent Developments

  • In February 2021, Inovytec Medical Solutions Ltd., an Israeli critical medical devices company, announced to have received the FDA 510(k) clearance for its Ventway Sparrow Line of Ventilators. Now, the company can officially market its ventilators in the United States.
  • In January 2021, ZOLL Medical Corporation, an Asahi Kasei company, announced that its automated external defibrillators ‘ZOLL AED 3 and ZOLL AED 3 BLS has been recognized by the World of Safety and Health Asia (WSHAsia) as an unrivaled smart technology.

 

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa

Product Service/Segmentation

By Product, By Patient Type, By End User, By Region

Key Players

GE Healthcare, Drägerwerk AG & Co. KGaA, Physio-Control Corporation (Stryker), Koninklijke Philips N.V., Smiths Medical, ZOLL Medical Corporation, Resmed, Inc., Nihon Kohden Corporation, Mindray, Ambu, Cardinal Health, Medtronic, 3M Company, KARL STORZ, Vyaire Medical, Teleflex, Intersurgical, Flexicare, Salter Labs, and other prominent players.

 

By Product

Airway Management Devices

  • Ventilators
  • Endotracheal Tubes
  • Resuscitators
  • Tracheostomy Tubes
  • Laryngeal Mask Airways
  • Laryngoscopes
  • Nasopharyngeal Airways
  • Oropharyngeal Airways

External Defibrillators

  • Semi-Automated External Defibrillators
  • Fully Automated External Defibrillators
  • Wearable Cardioverter Defibrillators
  • Convective Warming Blankets
  • Other Resuscitation Devices

By Patient Type

  • Adult Patients
  • Pediatric Patients

By End User

  • Hospitals, Ambulatory Surgical Centers, and Cardiac Centers
  • Pre-Hospital Care Settings
  • Other End Users

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)

Frequently Asked Questions:

Ans: The global resuscitation devices market reached USD 7.0 billion in 2020.
Ans: Application of resuscitation devices in emergency care and the rise in preterm births are the major factors creating market demand for resuscitation devices.
Ans: The key players in the global resuscitation devices market are: GE Healthcare, Drägerwerk AG & Co. KGaA, Physio-Control Corporation (Stryker), Koninklijke Philips N.V., Smiths Medical, ZOLL Medical Corporation, Resmed, Inc., Nihon Kohden Corporation, Mindray, Ambu, Cardinal Health, Medtronic, 3M Company, KARL STORZ, Vyaire Medical, Teleflex, Intersurgical, Flexicare, Salter Labs, and other prominent players.
Ans: The hospital segment accounted for the largest share in the global resuscitation devices market.
Ans: North America has the largest share in the global resuscitation devices market.