According to the report, the global manual resuscitator market earned revenue worth a US$ 430 Mn. It has exhibited a 4.7% average growth rate in the last few years. With 29.4 Mn units of actual sales, it has already shown rapid development.
Global Manual Resuscitator Market: Drivers
Increasing incidence of heart disease and growing number of initiatives taken by several organizations to reduce the death rate are foretold to work in the favor of the global manual resuscitator market. Establishment of research networks such as the Resuscitation Outcomes Consortium (ROC) that study improved ways to treat trauma and cardiac arrest could create opportunities in the global manual resuscitator market.
Untapped opportunities in emerging regions such as Asia Pacific and their rising demand for ventilation are forecast to push the growth of the manual resuscitator market.
Global Manual Resuscitator Market: Forecast by Product and Application
By product, the global manual resuscitator market is categorized into baby, children, and adult resuscitators.
There are also different types of products offered in the market that vary according to material: flow-inflating and self-inflating resuscitators. Among the two, self-inflating resuscitator showed dominance in the market. In 2017, it accounted for a 53.8% share of the market. There are a rising count of self-inflating resuscitators introduced in the market. Furthermore, their adoption in delivery and neonatal wards and other hospital emergency departments is anticipated to support their market growth.
By application, the report studies key segments of the global manual resuscitator market, viz. clinic, hospital, and others. As per the authors of the report, hospital collected a share of close to 62.3% in 2017. In hospitals, manual resuscitator is used in cases of neonatal care, intensive care, and cardiac arrest. The first guideline for reporting, researching, and reviewing in-hospital resuscitation was published by the American Health Association (AHA).
Global Manual Resuscitator Market: Forecast by Region
The report offers a comprehensive account of the regional analysis of the manual resuscitator market. It discusses about the market growth rate, share, revenue, consumption, and production of key regions and countries, i.e. India, Southeast Asia, Japan, China, Europe, and North America.
The manual resuscitator market is prognosticated to witness North America showing the largest sales growth. In 2017, the region accounted for a 28.7% sales share of the global manual resuscitator market. Increasing use of neonatal ventilation and rising number of cardiac arrest cases are helping the regional market to attain growth.
Global Manual Resuscitator Market: Key Players
The global manual resuscitator market includes top players such as Medline, Laerdal Medical, Ambu, Smiths Medical, and Vyaire Medical. These companies have achieved a high position in the market due to the availability of premier customers and their possession of key patents and technologies.
The competition in the global manual resuscitator market is expected to grow intense.
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