Market Leader - Resuscitation Devices Market
The global resuscitation devices market is projected to reach USD 8.7 billion by 2025 from USD 6.9 billion in 2020, at a CAGR of 4.7%. The rising prevalence of target diseases, increasing demand for emergency care, growing focus on providing public-access defibrillators, high incidence of preterm births, and training & awareness programs on defibrillators are the major factors driving the growth of the resuscitation devices market. Also, emerging markets and the development of wearable defibrillators are expected to offer growth opportunities for players operating in the resuscitation devices market.
The prominent players in the resuscitation devices market are Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), ZOLL Medical Corporation (US), ResMed, Inc. (US), Physio-Control (acquired by Stryker Corporation, US), Drägerwerk AG & CO. KGaA (Germany), Smiths Medical (US), Ambu (Denmark), Cardinal Health (US), Mindray Medical (China), Nihon Kohden (Japan), Teleflex (US), Salter Labs (US), GE Healthcare (US), Roper Technologies (US), Vyaire Medical (US), Intersurgical (UK), 3M (US), Flexicare (UK), and KARL STORZ (Germany).
Koninklijke Philips N.V. (Netherlands) held the leading position in the resuscitation devices market. Philips offers a wide portfolio of AEDs, advanced life support monitors, and home-use resuscitation devices. To maintain its leading position in the resuscitation devices market, the company focuses on product launches and strategic acquisitions.
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ZOLL Medical Corporation (US) held the leading position in the external defibrillators market in 2018. Over the last three years, the company adopted new product launches, agreements, and partnerships as its core business strategies to enhance its share in the external defibrillators market. The company launched the Hospital Wearable Defibrillator, PlusTrac AED Program Management Software, ZOLL R Series Monitor/Defibrillator, ZOLL X Series Monitor/Defibrillator, and ZOLL AED Plus, with a major focus on developing user-friendly and application-specific defibrillators. Furthermore, the company acquired Cardiac Science (US) to strengthen its product portfolio.
Medtronic (Ireland) held the leading position in the airway management devices market in 2018. Medtronic has a wide portfolio of acute care ventilators and intubation devices, among other airway management devices. In 2017, the company spent over USD 2.25 billion on R&D, up from USD 2.19 billion in 2016. Its strong focus on R&D helps the company to launch new and advanced airway management devices.
3M Company is the leading player in the convective warming blankets market. The company provides an extensive range of temperature management products, such as warming blankets, warming systems, warming gowns, and non-invasive temperature management systems. For more than 20 years, 3M’s patient warming systems have been effectively used by more than 200 million patients. Also, the company’s patient warming systems have been researched extensively, and their clinical benefits, efficacy, and safety are documented in more than 170 studies and more than 60 randomized controlled clinical trials. As the global recommendations for normothermia maintenance continue to grow, 3M is expected to strengthen its presence in this market.
Related Reports:
Resuscitation Devices Market by Product (Defibrillator, Endotracheal & Tracheostomy Tube, Masks, Airways, Laryngoscopes, Resuscitators, Ventilators), Patient Type (Neonatal, Adult), End User (Hospital, Ambulance, ICU), Volume - Global Forecast to 2025
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