Thursday, 11 August 2022

Manual Resuscitators Market to Partake Significant Development During 2022 to 2030: Grand View Research Inc.

 Manual Resuscitators Market Growth & Trends

The global manual resuscitators market size is expected to reach USD 799.3 million by 2030, expanding at a CAGR of 5.67% during the forecast period, according to a new report by Grand View Research, Inc. The demand for manual resuscitators/ Bag Valve Mask (BVM) is expected to grow owing to the rising cases of COPD and the increasing need for neonatal ventilation.

Moreover, the increasing obese population is likely to increase the risk of cardiac arrest cases, in turn driving the demand for artificial ventilation. According to National Health and Nutrition Examination Survey (NHANES) data of 2017-2018, 2 in 5 adults suffer from obesity, which accounts for almost 44% of the U.S. population. According to World Health Organization (WHO), in 2020, around 39 million children suffered from obesity under the age of 5.

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. Countries such as Germany, the U.K., and France are undertaking initiatives to create awareness amongst people about CPR and heart problems. According to the World Health Organization (WHO), approximately 41 million people die every year due to non-communicable diseases. Cardiovascular disease accounts for around 17.9 million deaths every year. This is projected to bode well with the market. 

To address the growing death rate from cardiac arrest, organizations such as the American Heart Association, Red Cross, and Resuscitation Council (U.K., Australia, and Europe), also assist 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 bystanders to help patients in emergency cases.

Moreover, the COVID-19 pandemic has positively impacted the market owing to the huge requirement of oxygen and owing to the lack of supply of ventilators. Manual resuscitators were in huge demand as a portable replacement for the ventilators.  For instance, the demand for Ambu’s resuscitators and single-use scopes was greater during the pandemic. Ambu’s witnessed 21% organic revenue growth in the Q3 of 2020.

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Manual Resuscitators Market Report Highlights

  • Based on type, the self-inflating segment accounted for the maximum market share in 2021 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 segment also referred to as anesthesia bags is expected to witness a rapid rise in demand since they are majorly used in ICUs, where 100% oxygen delivery is of utmost importance. The increasing birth rate and increasing efforts by global organizations such as UNICEFs to curb neonatal deaths at the time of birth in low-resource nations are further expected to propel the segment growth in the coming years.
  • In terms of end-use, the hospital segment dominated the market in 2021 due to the requirement for 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.
  • There has been a global increase in the number of out-of-hospital cardiac arrests globally. Each year about 326,000 cases of cardiac arrest occur outside the hospital setting which accounts for the major cause of death in the U.S. and around 200,000 cardiac arrests occur in hospitals. This is contributing to the expansion of the out-of-hospital segment.
  • North America dominated the market in 2021. The 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.
  • Asia Pacific is expected to witness significant growth during the forecast period attributed to the rising incidence rate of heart diseases and the huge untapped market. The advancement in neonatal intensive care in low and middle-income countries, such as Pakistan, Bangladesh, and India is less. Each year, out of 3.0 million neonatal deaths globally, around 1 million occur in South-East Asia. This unmet patient population need is anticipated to render substantial growth to the market in the region.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-manual-resuscitators-market

Manual Resuscitators Market Segmentation

Grand View Research has segmented the global manual resuscitators market based on type, modality, material, technology, patient type, end-use, application, and region:

Manual Resuscitator Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Self-inflating Resuscitator
  • Flow-inflating Resuscitator
  • T-piece

Manual Resuscitator Modality Outlook (Revenue, USD Million, 2017 - 2030)

  • Disposable
  • Reusable

Manual Resuscitator Material Outlook (Revenue, USD Million, 2017 - 2030)

  • Silicon
  • PVC
  • Rubber

Manual Resuscitator Technology Outlook (Revenue, USD Million, 2017 - 2030)

  • Pop-off valve
  • PEEP Valve
  • Others

Manual Resuscitator Patient Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Adult
  • Pediatric
  • Others

Manual Resuscitator Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Chronic Obstructive Pulmonary Disease
  • Cardiopulmonary Arrest
  • Others

Manual Resuscitator End-Use Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospital
  • Out-of-hospital
  • ASC
  • Military
  • Others

 Manual Resuscitator Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK.
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia

List of Key Players in the Manual Resuscitators Market

  • WEINMANN Emergency Medical Technology GmbH + Co. KG
  • Laerdal Medical
  • Ambu A/S
  • Medline Industries, LP
  • Hopkins Medical Product
  • ResMed, Inc.
  • HUM Gesellschaft für Homecare und Medizintechnik mbH
  • PERSYS MEDICAL
  • CareFusion

About Grand View Research

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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