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Mobile Payments Is Fastest Growing Segment Fueling The Growth Of Automated CPR Devices Market

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Ashish Thapa
Mobile Payments Is Fastest Growing Segment Fueling The Growth Of Automated CPR Devices Market

Automated CPR devices use a motorized mechanism to perform uninterrupted chest compressions at a consistent rate and depth as per the guidelines recommended by international standard guidelines. These devices provide lifesaving chest compressions uniformly and reliably in emergency situations, which enhances survival rates.


The global Automated CPR Devices Market is estimated to be valued at US$ 127.6 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends


The growing adoption of mobile payments has emerged as a major trend in the automated CPR devices market. Manufacturers are developing CPR devices that can be controlled remotely via smartphone apps. This allows Emergency Medical Technicians and bystanders to start chest compressions from a distance in emergency situations. The devices transfer critical cardiac arrest data to a smartphone in real time, enabling medical professionals to monitor the condition and quality of chest compressions being performed. The technology is expected to optimize response time during cardiac emergencies.


Segment Analysis


The global automated CPR devices market is dominated by piston chest compression systems sub-segment. These systems perform chest compressions by using a piston mechanism. Piston chest compression systems provide consistent, high-quality chest compressions to patients. These systems are also suitable for use in hospitals, emergency medical services, as well as for training purposes. This has resulted in increased adoption of piston chest compression systems accounting for over 60% of the total automated CPR devices market share.


Key Takeaways


The global Automated CPR Devices Market Size is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to increasing demand for easy-to-use resuscitation technology.


Regional analysis shows that North America dominates the global automated CPR devices market owing to the presence of key players and rising government funding for advanced emergency cardiac care devices. The Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period. Factors such as improving healthcare infrastructure, rise in medical tourism, and increasing need for resuscitation equipment are fueling market growth in the region.


Key players operating in the automated CPR devices market are 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. ZOLL Medical Corporation holds the largest share of the market due to its strong foothold in the defibrillator devices segment. However, other players such as Stryker and Medtronic are expanding their product portfolios and focusing on emerging Asian markets to strengthen their positions in the automated CPR devices market.


For More Insights, Read- https://www.pressreleasebulletin.com/the-growth-of-automated-cpr-devices-market-growth-trends-and-forecast-analysis/

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