Market Trends of Resuscitation Devices Industry
This section covers the major market trends shaping the Resuscitation Devices Market according to our research experts:
Airway Management Devices is Estimated to Witness a Healthy Growth in Future.
Airway management devices are estimated to witness a healthy growth in the future due to increasing prevalence of chronic obstructive pulmonary disease (COPD) and rising incidences of asthma and bronchitis. Airway management devices comprise endotracheal tubes, tracheostomy tubes, ventilators, and resuscitators which are used in the treatment of the targeted diseases thus promoting the segment growth. As per World Health Organization 2017, the Global Burden of Diseases reported a prevalence of around 251 million cases of COPD globally in 2016. The presence of a large number of targeted diseases around world will trigger the segment growth in coming year.
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 significant market share in the global Resuscitation Devices Market due to the rising prevalence of cardiac and respiratory diseases, increasing geriatric population, presence of a large number of medical device companies, growing research and development expenditure, product innovations and technological advancements. As per the American Lung Cancer Association, COPD is the third major cause of death in the United States and around 15 million population are diagnosed in 2018. The United States owns the largest share of Resuscitation Devices Market in the North America region Furthermore, well-established healthcare infrastructure and growing healthcare expenditure are also expected to fuel the Resuscitation Devices Market in this region.
