New York, NY -- (SBWire) -- 04/20/2020 --In 2020, the global pandemic - COVID19 that has become a wreaking havoc across the globe, According to study,the significant growth of the market can be attributed to growing geriatric population,and currently the overwhelming demand for resuscitation devices for treatment of COVID-19 among others. Moreover,the increasing prevalence of various target diseases and rising demand for emergency care, and training & awareness programs regarding defibrillators are anticipated to boost the market during the forecast period.
Market Industry Reports (MIR) has published a new report titled "Resuscitation Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global Resuscitation Devices Market is estimated to account forover US$ 6.5 billion in 2019. It is anticipated to grow at a CAGR of ~4.5% from 2019 to 2030.
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Top Players of Resuscitation Devices Market are:
The prominent players in the global resuscitation devices market are Medtronic Plc, Koninklijke Philips N.V., Cardinal Health, ZOLL MEDICAL CORPORATION, Mindray Medical, Nihon Kohden, Teleflex, Resmed, Inc., 3M Company, GE Healthcare, and others.
Moreover, key players operating in the market provides a comprehensive set of resuscitation technologies & devices to facilitate patients and healthcare professionals better. These devices provide healthcare professionals withextensive support for resuscitation. Additionally, these devices are also available for neonatal use.These are some of the primary factors which have propelled the growth of the resuscitation devicesmarket in recent times. For instance, Medical Equipment & Gases Australia Pty Ltd, offers Oxy-Viva 3 Resuscitator Kits; this deviceenables suction, resuscitation, and oxygen therapy in one compact kit. Such offeringsare expected to attract new customers and eventually boost the market in the coming years.
Cardiac arrest can happen to anyone suddenly. Severalforms of resuscitation devices aim to initiate spontaneous breathing, by mechanically ventilating the lungs of an unconscious person whosebreathing is compromised. The machine performs its function to keep the lungsoxygenated artificially. Defibrillators,if used correctly, can alsobe used to restore bloodcirculation.
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Incorrect alignment of these devices may result in several complications, chances of injuries such as rib fractures and other harmful effects of certain products on neonates may restrain the growthof the market. Moreover, lack of trained professionals and high cost of devices, are expected to hamper the growth of themarket to a certain extent during the forecast period.
North America accounted for the largest share in theresuscitation devicesmarket in 2019. The presence of advanced healthcare infrastructure,rising geriatric population, and increasing incidents of cardiac &respiratory ailments are a few of the factors responsible for the large market share of this region.
The Research Provides Answers To The Following Key Questions:
-What is the estimated growth rate and market share and size of the Resuscitation Devices Market for the forecast period 2019 - 2030?
-What are the driving forces in the sodium sulfate market for the forecast period 2019- 2030?
-Who are the prominent market players and how have they gained a competitive edge over other competitors?
-What are the market trends influencing the progress of Resuscitation Devices Market industry worldwide?
-What are the major challenges and threats restricting the progress of the industry?
-What opportunities does the market hold for the prominent market players?
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Table of Contents
INTRODUCTION
Market Definition
Market Classification
Geographic Scope
Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
Currency Used
RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Secondary Sources
Primary Sources
Market Estimation Methodology
Bottom Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecasting Model
Limitations/Assumptions of the Study
ABSTRACT OF THE STUDY
MARKET DYNAMICS ASSESSMENT
Overview
Drivers
Barriers/Challenges
Opportunities
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