The
global Manual
Resuscitators Market size is expected to reach USD 735.8 million by
2026, according to a new report by Grand View Research, Inc. expanding at a
CAGR of 6.80% over the forecast period. The demand for manual resuscitators/
Bag Valve Mask (BVM) is expected to increase owing to the increasing cases of
COPD and the increasing need for neonatal ventilation. Moreover, the increasing
obese population is expected to increase the chances of cardiac arrest cases,
ultimately driving the demand for artificial ventilation.
The
rising mortality due to non-communicable diseases, such as coronary heart
disease has created a pressing need to increase awareness about the measures to
be taken to help a patient. Germany, UK, and France are undertaking initiatives
to create awareness amongst people about CPR and heart problems.
In
order to address the growing death rate from cardiac arrest, organizations such
as the American Heart Association, Red Cross, Resuscitation Council (UK,
Australia, and Europe), also assists the countries to increase the survival
rates of sudden cardiac arrest. These activities include providing training to
perform artificial ventilation, providing resuscitation kits, and encouraging
by standers to help patients in emergency cases.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/manual-resuscitators-market
https://www.grandviewresearch.com/industry-analysis/manual-resuscitators-market
Further Key Findings from the Study Suggest:
- Self-inflating
bags accounted for the largest market share in 2018 as they have greater
usability in emergency situations, where bystander cardiopulmonary
resuscitation is necessary. Companies are striving to launch newer
integrated products, which can help in overcoming the delayed ventilation
issues.
- The
flow-inflating bag also referred to as anesthesia bag is expected to
witness rapid rise in demand owing to the fact that they are majorly used
in intensive units, where 100% oxygen delivery is of utmost importance.
With the increasing birth rate and the global organizations such as the
UNICEF’s efforts to curb the neonatal deaths at the time of birth in low
resource nations is further expected to propel the manual resuscitators
market growth in the coming years.
- Hospitals
dominated the market in 2018 due to the requirement of artificial
ventilation in the delivery and neonatal ward. With the increasing
admission of cardiac arrest patients, the need for resuscitators is
expected to further increase. Hospitals are expanding their facilities to
include state-of-the-art facilities to provide enhanced ventilation
facilities. In June 2014, the Royal Oldham Hospital invested USD 6.34
million to improve its emergency care department. The re-modeled
department included nine bays for resuscitation including a segregated
room for children.
- There has
been a worldwide increase in the number of the out-of-hospital cardiac
arrests all over the world. In the U.S., each year 395,000 cases of
cardiac arrest occur outside hospital setting and around 200,000 cardiac
arrests occur in hospitals. It has been estimated that cardiac arrest is
the third leading cause of death in the U.S. behind cancer and heart
disease. To encourage by standers to take action during the emergencies,
the government and medical institutions are taking various initiatives.
The National Academies of Sciences, Engineering, and Medicine (U.S.) is
conducted a public workshop in July 2016 to improve the strategies for
surviving cardiac arrest.
- North
America dominated the market in 2018. Introduction of state-of-the-art
resuscitation products and training kits to reduce the chances of delayed
ventilation are the major drivers of the market. For instance, the
Canadian Resuscitation Outcomes Consortium (CanROC), a five year research
program to improve survival rates from cardiac arrest, received funding of
USD 3 million in December 2015 from the Heart and Stroke Foundation (HSF)
and the Canadian Institutes of Health Research (CIHR). The program has now
expanded to 10 province of Canada including Calgary, Saskatoon, Edmonton,
Winnipeg, the Eastern Townships, Montreal, Nova Scotia, Prince Edward
Island, New Brunswick, and Newfoundland.
- The Asia
Pacific is expected to witness the highest growth during the forecast
period attributed to the rising incidence rate of heart diseases and the
huge untapped market. The advancement in the neonatal intensive care in
low and middle-income countries, such as India, is less. Each year, out of
3.0 million neonatal deaths globally, around 1 million occur in the
South-East Asia Region.
- New
advancements, such as augmented infant resuscitator, have been introduced
in India. This innovation is an add-on to the existing device, which
provides a feedback about the ventilation technique to healthcare
providers.
- Some key
market participants include Weinmann Emergency, Laerdal Medical, HUM
Systems for Life, Hersill, Me.Ber. srl, Ambu A/S, Medline Industries,
Philips Healthcare, Hopkins Medical Product, Drager Medical AG and Co.,
ResMed, Inc., Covidien Plc, GE Healthcare, and CareFusion.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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