The global Automated CPR Devices Market is estimated to be valued at US$ 127.67 million in 2023 and is expected to exhibit a CAGR of 11.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Automated CPR devices are designed to provide continuous chest compressions to patients experiencing cardiac arrest. These devices deliver consistent and high-quality compressions that can significantly improve the chances of survival for patients. The primary advantage of automated CPR devices is their ability to maintain consistent compressions without fatigue, unlike manual CPR. These devices are increasingly being used in hospitals, emergency medical services, and ambulances, as they offer several benefits such as improved patient outcomes and reduced rescuer fatigue.
Market key trends:
One key trend in the automated CPR devices market is the integration of advanced technologies such as robotics and artificial intelligence. These technologies enable the devices to provide more precise and effective compressions by adapting to the patient's specific needs. For example, some devices can adjust the compression depth and rate based on real-time feedback from sensors, ensuring optimal outcomes. The integration of these technologies enhances the performance of automated CPR devices and improves patient survival rates.
PEST Analysis:
Political: Political factors such as government regulations and policies regarding healthcare infrastructure and emergency medical services can impact the adoption of automated CPR devices. For instance, favorable reimbursement policies for emergency medical services can drive the demand for these devices.
Economic: Economic factors such as healthcare expenditure and the disposable income of individuals play a crucial role in the growth of the automated CPR devices market. Increasing healthcare spending and rising income levels are expected to drive market growth.
Social: The growing awareness about the importance of immediate medical intervention during cardiac arrest incidents is driving the adoption of automated CPR devices. Additionally, the aging population and the increasing prevalence of cardiovascular diseases contribute to the demand for these devices.
Technological: Technological advancements in automated CPR devices have significantly improved their performance. The integration of artificial intelligence, robotics, and sensor technologies allows these devices to deliver more precise and effective compressions. Furthermore, the development of portable and compact devices enhances their usability and increases their potential applications.
Key Takeaways:
1. Market size related content:
The global automated CPR devices market is expected to witness high growth, exhibiting a CAGR of 11.5% over the forecast period, due to increasing incidences of cardiac arrest. The rising prevalence of cardiovascular diseases and the growing need for immediate medical intervention contribute to the market's growth.
2. Regional analysis related content:
North America is expected to dominate the automated CPR devices market due to the well-established healthcare infrastructure, favorable reimbursement policies, and high adoption rates. Other regions such as Europe and Asia-Pacific are also witnessing significant growth due to increasing awareness about the importance of automated CPR devices and advancements in healthcare technology.
3. Key players related content:
Key players operating in the global automated CPR devices market include ZOLL Medical Corporation, Stryker, Brunswick MedTech, Michigan Instruments, SunLife Sciences Pvt Ltd., CPR Medical Devices, Inc., Medtronic, Faith Group, Nihon Kohden Corporation, and SCHILLER Americas Inc. These companies focus on product innovation, strategic collaborations, and mergers and acquisitions to expand their market presence and gain a competitive edge.
In conclusion, the global automated CPR devices market is expected to witness substantial growth due to increasing incidences of cardiac arrest and the benefits offered by these devices in improving patient outcomes. Integration of advanced technologies and favorable healthcare policies further contribute to market growth. North America is projected to dominate the market, while other regions show strong growth potential. Key players in the market are focusing on innovation and strategic partnerships to stay competitive.
CPR is performed to maintain the blood flow and oxygenation to brain in case of cardiac arrest.
Recent clinical investigations have demonstrated that improved hemodynamic effect and better coronary perfusion and increase incidence of return of spontaneous circulation can be achieved by mechanical and automated compression devices.Classification of CPR devicesPneumatic drivenThumperLUCASBattery drivenAutoPulseEffective CPR can improve the survival rate of patients with cardiac arrest.
Assessment of CPR practices by medical professionals revealed that chest compressions are few and ineffective and have significant pauses during compression that results in decrease of survival rate.
Automated CPR devices have overcome these drawbacks by the use of mechanical automated chest compression device, which may lead to improve perfusion pressures by overcoming the drawbacks of conventional manual CPR.
A study by American Heart Association states that 70% Americans feel helpless in case of cardiac emergency for the reason that they are not aware of how to administer CPR.
Many factors are responsible for the growth such as increasing rate of heart diseases, trauma, respiratory illness, geriatric population, increased accessibility to healthcare, growing prevalence of lifestyle diseases.
The demand for automated CPR devices has been increasing significantly with rising prevalence of sudden cardiac arrest across the globe, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report.
As per the study, the global automated CPR devices market is slated to grow at approximately 13% CAGR throughout the forecast period from 2021 to 2031.Major progress has been witnessed with 3D automatic CPR devices, especially when normal CPR device coupled with torso restraints providing vertical compression and high quality resuscitation.Automated CPR devices experienced a surge in demand during the Covid-19 pandemic.
With rapid mutation of virus, the patients were facing higher risk of cardiac arrest.The market is anticipated to grow significantly over the forthcoming decade, as majority of coronary and intensive care units are inclining towards automated CPR devices for its high effectiveness.Key Takeaways from FMI’s Automated CPR Devices Market StudyPresence of modern healthcare infrastructure and high per capita income will bolster demand across the U.S.The U.K is expected to offer growth opportunities as governments and private organizations are working towards spreading awareness regarding dangers of cardiovascular diseases.Rising prevalence of obesity and high blood pressure which are precursor to cardiac arrest will increase automated CPR devices adoption across France.China will offer lucrative opportunities owing to increasing alcohol and tobacco consumption and developing healthcare infrastructure.India is expected to exhibit impressive market growth owing to increase in geriatric population and growing incidence of sudden cardiac arrest in the country.Request For Sample Copy @ https://www.futuremarketinsights.com/reports/sample/rep-gb-720Rising consumer awareness regarding benefits of CPR devices and increasing adoption in EMT services will amplify sales of automated CPR devices during the forecast period,” says the FMI analyst.Competitive LandscapeAutomated CPR market is highly consolidated owing to presence of regional and global market players.
Key market players in automated CPR devices market are focusing towards employing inorganic market strategies to expand their global foothold.Inorganic strategies include strategic merger and acquisition and forming an alliance with regional distributors to strengthen their supply chain channels.They are also emphasizing towards faster product approvals, product development and patenting.
New market entrants are focusing on new product launches to establish their market presence.For instance, Michigan Instruments launched hand-free automatic CPR device which is light weight, portable and helps in smooth transition from manual CPR to automated compressions.ZOLL Medical Corporation introduced a new automated CPR devices system “Autopulse” which assists EMS personnel in providing high quality chest compressions in cramped spaces and steep down stairwells.Prominent players operating in the automated CPR devices market are SunLife Science Inc., ZOLL Medical Corporation, Michigan Instruments, Physio Control Inc., Brunswick Biomedical Technologies, Zhuhai Kindway Medical Science & Technology Co. Ltd, CPR Medical Devices Inc., and Medtronic Inc.More Insights on the Global Automated CPR Devices MarketIn its latest report, FMI offers an unbiased analysis of the global automated CPR devices market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.
In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of power source (pneumatically driven CPR devices, battery driven CPR devices, and mechanically actuated and battery driven CPR device), device type (piston devices, load distribution devices, and 3D compression devices) and end user for (Ems, hospitals, ambulances, coronary & intensive care units, cardiac catheterization labs, air med-evac units, and EMT rescue units) across North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.Get TOC @ https://www.futuremarketinsights.com/reports/automated-cpr-devices-market/table-of-contentReasons to Buy the reportWe provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.The report includes accurate analysis of the market and the current developing trends affecting the growth.
