Market Overview:
The global automated CPR devices market is estimated to reach US$ 127.6 Million In 2023 and is expected to grow at a CAGR of 11.5% during the forecast period 2023-2030. The market for automated CPR devices is driven by its advantages such as consistent chest compression, reduced fatigue, and increased efficiency in delivering high-quality CPR. These devices play a crucial role in emergencies by providing continuous and effective chest compressions, improving patient outcomes. The need for automated CPR devices is associated with the rising incidence of cardiac arrests, increasing awareness about CPR, and advancements in technology.
Market Key Trends:
Automated CPR devices market is witnessing a trend of technological advancements in the devices, leading to improved performance and ease of use. Manufacturers are focusing on improving the battery life and durability of these devices, allowing effective and uninterrupted CPR during emergencies. Furthermore, integration of advanced features like real-time feedback systems and visual and audio prompts is enhancing the accuracy of chest compressions and guiding rescuers in performing the procedure correctly. These advancements are aimed at ensuring optimal patient care and minimizing the risk of errors during resuscitation. Rising investments in research and development activities by key players are further fueling the market growth by introducing innovative and user-friendly automated CPR devices.
Segment Analysis:
The automated CPR devices market can be segmented based on product type, end-user, and region. In terms of product type, the market is dominated by the piston-driven devices segment. This segment is expected to hold the largest market share due to its higher efficiency and effectiveness in delivering CPR. Piston-driven devices provide consistent and accurate chest compressions, which are crucial in maintaining blood flow during cardiac arrest. They offer better depth and rate of compressions compared to other types of devices such as load-distributing band (LDB) devices.
In terms of end-user, the hospital segment is dominating the Automated CPR Devices Market. Hospitals have well-established emergency response systems and cardiac care units, which makes them the primary users of automated CPR devices. These devices are extensively used in hospitals for cardiac arrest management, both in emergency departments and critical care units. The increasing number of hospitals and the growing awareness about the importance of early CPR are driving the demand for automated CPR devices in the hospital segment.
Key Takeaways:
The global automated CPR devices market is expected to witness high growth, exhibiting a CAGR of 11.5% over the forecast period (2023-2030). The market is driven by various factors, including the increasing incidence of cardiac arrests, the growing geriatric population, and the rise in awareness about the importance of CPR. The advancements in technology, such as the development of portable and wearable automated CPR devices, are further propelling market growth.
In terms of regional analysis, North America is the fastest-growing and dominating region in the automated CPR devices market. This can be attributed to the high prevalence of cardiovascular diseases, well-established healthcare infrastructure, and the presence of key market players in the region. Moreover, the increasing adoption of automated CPR devices by hospitals and emergency medical services in North America is contributing to the market growth.
Key players operating in the 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 are focusing on product innovations, strategic collaborations, and mergers and acquisitions to strengthen their market position. The market is highly competitive, and key players are investing in R&D activities to develop advanced and technologically advanced automated CPR devices.
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.
