Resuscitation Devices Market Size, Share, Industry Trends and Forecast to 2030

Resuscitation Devices Market Size & CAGR in 2021

The global resuscitation devices market is projected to have a growth rate of 5.2% CAGR from 2021 to 2025. The market size is expected to reach USD 8.7 billion by 2025.

COVID-19 Impact on the Resuscitation Devices Market

The resuscitation devices market experienced a significant impact due to the COVID-19 pandemic. With increased cases requiring emergency medical care, there was a surge in demand for resuscitation devices such as ventilators and CPR equipment. Hospitals and healthcare facilities faced shortages of these devices, leading to a rapid increase in production and innovation within the market.

Resuscitation Devices Dynamics

The resuscitation devices market is driven by factors such as the increasing prevalence of cardiovascular diseases, advancements in technology leading to the development of more efficient devices, and growing investments in healthcare infrastructure. The market is also influenced by factors such as government initiatives to improve emergency medical services and rising awareness about the importance of timely resuscitation.

Segments and Related Analysis

The resuscitation devices market can be segmented based on type, end-user, and region. Key segments include automated external defibrillators (AEDs), airway management devices, and resuscitators. By end-user, the market is divided into hospitals, clinics, ambulance services, and others. Regionally, North America holds the largest market share due to high healthcare expenditure and technological advancements.

By Region Analysis

North America dominates the resuscitation devices market, followed by Europe and Asia Pacific. The Middle East and Africa region is also witnessing growth in the market due to improving healthcare infrastructure and increasing investments in emergency medical services.

Key Market Players and Competitive Landscape

Key players in the resuscitation devices market include Stryker Corporation, Medtronic Plc, Koninklijke Philips N.V., ZOLL Medical Corporation, and Physio-Control, Inc. These companies are engaged in product development, strategic partnerships, and mergers to strengthen their market position.

Recent Happenings in the Resuscitation Devices Market

- In 2021, Stryker Corporation launched a new line of advanced resuscitation devices aimed at enhancing patient outcomes during emergency situations. - Medtronic Plc announced a collaboration with leading healthcare providers to improve the accessibility of resuscitation devices in underprivileged areas. - ZOLL Medical Corporation introduced a novel resuscitation device incorporating artificial intelligence for better patient monitoring and care. - Koninklijke Philips N.V. expanded its resuscitation devices portfolio through strategic acquisitions of smaller companies specializing in innovative technologies. - Physio-Control, Inc. focused on enhancing the usability and functionality of its resuscitation devices through user-centric design and feedback mechanisms.