Resuscitation Devices Market Expected to Reach $12.2 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Resuscitation Devices Market," The resuscitation devices market was valued at $7.6 billion in 2021, and is estimated to reach $12.2 billion by 2031, growing at a CAGR of 4.8% from 2022 to 2031.

The cardiopulmonary resuscitation is a technique used in the emergencies like heart attack or near drowning. These patients conditions result in breathing or heart beat to be stopped. The cardiopulmonary resuscitation technique consist of artificial ventilation to maintain circulatory flow and oxygenation during cardiac arrest. Although survival rates and neurologic outcomes are poor for patients with cardiac arrest the early appropriate resuscitation including early defibrillation when needed and appropriate implementation of post cardiac arrest care leads to the improved survival and neurologic outcomes.  

The resuscitation devices aim to initiate spontaneous breathing by mechanically ventilating the lungs. A resuscitation device uses positive pressure to inflate the lungs of a person unable to breathe on their own, to keep them oxygenated and alive. 

The Resuscitation Devices Market Trends such as the increase in number of patients of heart attack as they are in the immediate need of resuscitation devices adoption as that result in artificial initiation of the breathing procedures, rise in the prevalence of cardiovascular diseases, increase in demand for resuscitation devices in the hospitals and increase in the technological advancements in Resuscitation Devices Industry such as infant manual resuscitator, self-inflating resuscitation devices and patient monitoring kit attachment to increase the adoption of the devices drive the growth of the Resuscitation Devices Market Size.  

For instance, according to the data by World Health Organization (WHO), an estimated 17.9 million people died from cardiovascular diseases (CVDs) in 2019, representing 32% of the global deaths. Of these deaths, 85% were due to heart attack and stroke. The increased benefits of the resuscitation device like it helps to revive the breathing of a person that is unconscious or apparently not breathing can help to create its demand of it to be used in the hospitals.  

Moreover, increase in incidences of preterm births, increase in need for emergency care, rise in government expenditure & grants by the government in order to improve the emergency care infrastructure, rising focus on providing public-access defibrillators with increase in awareness programs on the use of defibrillators also help in the growth of the Resuscitation Devices Market Size. In addition, the hospitals, ambulatory care centers, and emergency care centers have increased have adopted the resuscitation devices for the better management of the critically ill patients which also increases the demand of the devices to be supplied in these organizations. This increases the growth of the market for Resuscitation Devices Market Analysis period.

However, lack of awareness regarding sudden cardiac arrest in emerging nations problems associated with the use of automated external defibrillators and the harmful effects of various products on the neonates are expected to hinder the growth of this Resuscitation Devices Industry. Conversely, the high growth potential in untapped emerging economies is expected to create lucrative opportunities for the market. 

The resuscitation devices market is segmented based on product type, patient type, end user and region. On the basis of product type, the market is divided into airway management devices, external defibrillators and others. On the basis of patient type, the market is classified into adult patients, and pediatric patients.  

On the basis of end user, the market is categorized into hospitals, ambulatory care and others. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA). 

On the basis of product type, the market is classified into airway management devices, external defibrillators and others. The others segment is projected to exhibit the fastest market growth during the Resuscitation Devices Market Forecast period, owing to increase in the prevalence of cardiovascular diseases among the population, increase in the healthcare expenditure and increase in the adoption of resuscitation products for resuscitation management.  

The CPR devices available and that have proven to be effective based on the size of the patient and how well trained the crew is in deploying it. Devices that are used hands-free are mechanical and permit the crew to treat the patient with advanced level medication and skills and the crew does not get exhausted from prolonged manual resuscitation. This type of advantages of using the resuscitation devices for the cardiopulmonary resuscitation can help in the adoption of the resuscitation products thereby increasing the growth of the Resuscitation Devices Market Share. 

On the basis of application, the market is classified into adult patients, and pediatric patients. The adult patients segment is anticipated to grow at the highest rate, and Resuscitation Devices Market Share owing to upsurge in demand for resuscitation devices in adult population and increase in the number of adult patients of the chronic diseases and increase in the number of new product launches. Moreover, widespread use of resuscitation devices, and increase in the unhealthy lifestyle boost the growth of the market. For instance, in May 2021, Medtronic plc announced the U.S. commercial launch of the SonarMed airway monitoring system.  

The SonarMed airway monitoring system utilizes acoustic technology to check for endotracheal tube (ETT) obstruction and verify position in real-time, giving clinicians vital information required to make more informed, life-saving decisions for their smallest patients.  

On the basis of end user, the market is classified into hospitals, ambulatory care and others. The ambulatory care segment is anticipated to grow at the highest rate, owing to increase in number of hospitals and emergency centers that gives the emergency care services, rise in the awareness regarding the use of resuscitation devices among the population of developing countries. Moreover, rise in number of specialty clinics contributes toward the growth of the market.  

On the basis of region, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA). In 2021, North America was the dominant region and is expected to remain dominant throughout the forecast period, owing to high prevalence rate of health attack and stroke, increase in the number market players and surge in the product launches in the region. However, Asia-Pacific is expected to witness the highest CAGR during the analysis period, owing to the presence of high populace countries such as India and China, which in turn increases the prevalence rate of cardiovascular diseases and the increasing number of strategies and trends adopted by the market players. 

Key findings of the study 

• By product type, the airway management devices segment accounted for major share of the resuscitation devices market in 2021.  

• By patient type, the adult patients segment is anticipated to grow with the highest CAGR throughout the forecast period. 

• By end user, the hospitals segment is anticipated to grow with the highest CAGR throughout the forecast period. 

• By region, North America occupied major share of the resuscitation devices market in 2021.