Market Trends of Manual Resuscitator Industry
This section covers the major market trends shaping the Manual Resuscitator Market according to our research experts:
Disposable is Expected to Hold a Major Market Share in the Manual Resuscitator Market
The disposable segment is expected to grow over the forecast period due to patients, and healthcare professionals prefer disposable resuscitators because they pose minimal risk of infection. The increasing prevalence of cardiopulmonary illnesses, various initiatives taken by the market players, and technological advancement in products are expected to propel the segment's growth over the forecast period.
Cardiopulmonary diseases include chronic obstructive pulmonary disorder (COPD) and asthma, and the growing burden of these diseases is expected to boost segment growth over the forecast period. For instance, as per the report of the American Heart Association published in February 2022, it was anticipated that 244.1 million persons worldwide have ischemic heart disease (IHD) in 2020, with males being more affected than females (141.0 and 103.1 million people, respectively).
Additionally, according to the CDC 2021 report, in the United States, approximately 25 million Americans had asthma in 2020. This equals about 1 in 13 Americans, including 8% adults and 7% children. About 20 million United States adults aged 18 years and over have asthma in 2020. As per the same source, nearly 5 million American children have asthma. It further stated that the most frequent type of heart disease in the United States is coronary heart disease. Diabetes, being overweight or obese, eating a poor diet, being physically inactive, and drinking excessively were the leading causes of heart disease. Thus, the increasing prevalence of cardiac diseases around the world is expected to drive the demand for manual resuscitators, boosting segment growth over the forecast period.
Thus, all aforementioned factors are expected to boost segment growth over the forest period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the global manual resuscitator market due to the increasing prevalence rate of chronic obstructive pulmonary disease and increased infant mortality rate. Infant mortality is majorly related to birth asphyxia, birth defects, infections, etc. In the United States, asthma is more common in adult women than in adult men. Statistics Canada, in August 2022, reported that 2,802,700 people 12 years and over would be affected with asthma in Canada in 2021. Thus, the growing prevalence of the respiratory disease is expected to propel the growth of the market over the forecast period.
Furthermore, various initiatives taken by research institutes to increase awareness about resuscitation in the country were expected to boost the market over the forecast period. For instance, in April 2022, SBGHC launched a new digital resuscitation education program for Basic Life Support (BLS), Advanced Cardiac Life Support (ACLS), and Pediatric Advanced Life Support (PALS). Such initiatives are anticipated to generate an abundance of opportunities for resuscitators, which will fuel the market's expansion over the forecast period.
Thus, all the factors mentioned above are expected to boost market growth over the forecast period.
