(MENAFN- P&S Intelligence) The elderly population all across the globe is growing rapidly and the U.S. has the fastest growing rate of geriatric population. As per the 2018 Population Bureau Report, the total number of peoples aged 65 and above in the U.S. is predicted to nearly double, 46 million in 2014 to more than 98 million by 2060. Geriatric people are more susceptible to chronic diseases, primarily cardiovascular diseases, which is resulting in a rising demand for resuscitation devices. These devices make use of positive pressure for inflating the lungs of an unconscious person who is not breathing, to make sure that they are oxygenated .
As per the Centers for Disease Control and Prevention, the utilization of resuscitation devices can increase the survival chances of a patient by two to three times. Attributed to these reasons, the resuscitation devices market is projected to advance at a considerable pace in the years to come. These devices are utilized for different procedures, namely neonatal resuscitation, cardiac resuscitation, cardiopulmonary resuscitation, and pulmonary resuscitation. Out of these, the largest demand for resuscitation devices was created for cardiopulmonary resuscitation in the past, which is owing to the surging number of cardiac cases around the world.
The major for these devices was created by hospitals in the past, which can be attributed to the large number of surgeries and treatments that are performed at these medical settings. Moreover, the prevalence of chronic diseases is rising rapidly across the globe, which, in turn, is leading to the growth of the resuscitation devices market. Ongoing and incurable chronic diseases affect nearly 133 million Americans, which represents over 40% of the total population of the U.S. This number is predicted to grow to 157 million by 2020, among which 81 million people are expected to suffer from multiple chronic conditions .
In conclusion, the requirement for resuscitation devices is projected to increase across the globe on account of the surging geriatric population and rising incidence of chronic diseases.
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