Automated CPR Devices Market is Estimated To Witness High Growth Owing To Rising Cardiac Arrest Cases Globally
Automated CPR devices are mechanical devices used for performing cardio-pulmonary resuscitation (CPR) on a person who is unresponsive and not breathing. They are designed to perform chest compressions automatically at a fixed rate and depth. these devices help provide consistent high-quality chest compressions and allow healthcare providers to focus on other life-saving treatments like administering medications, defibrillation, and advance airway management. The key product types are pneumatic-driven devices and battery-powered devices. Pneumatic-driven devices are commonly used in hospital settings while battery-powered devices are portable and widely used in pre-hospital emergency situations.
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 Dynamics:
The global automated CPR devices market is witnessing significant growth owing to the rising incidence of cardiac arrests globally. According to the European Resuscitation Council, over 350,000 out-of-hospital cardiac arrests occur annually in Europe. Furthermore, early, high quality CPR can double or triple chances of survival. However, delivering high-quality, consistent CPR manually for prolonged durations is challenging. This is a key factor driving demand for automated CPR devices as they provide standardized, consistent chest compressions irrespective of provider fatigue or distraction.
Another major driver is technological advancements in automated CPR devices. Key players are focusing on developing portable, lightweight devices with enhanced features like real-time feedback on compression rates and depths. For instance, in 2020, ZOLL Medical Corporation launched ZOLL AutoPulse Plus, featuring intuitive design and one-handed operation for quick deployment during cardiac emergencies. Such innovative products are expanding the scope of automated CPR globally.
SWOT Analysis
Strength: The automated CPR devices provide consistent, high-quality CPR chest compressions. They ensure standardized compression rate, depth and completeness. These devices reduce health worker fatigue and ensures continuous chest compressions. Automated devices are easy to operate and do not require extensive training.
Weakness: The high cost of automated CPR devices limits their adoption in low resource settings. Additionally, portable automated devices have weight and bulk issues which make transportation difficult.
Opportunity: Growing incidence of cardiac arrests worldwide is increasing demand for emergency care devices. Automated CPR devices ensure timely and effective resuscitation thereby improving clinical outcomes. Growing healthcare expenditure in emerging economies presents an opportunity for market expansion.
Threats: Preference for manual CPR by many healthcare professionals poses resistance to adoption of automated devices. Stringent regulatory approval process for new devices increases time to market and development costs.
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 incidence of cardiac arrests worldwide. Advancements in resuscitation practices and focus on improving clinical outcomes is further propelling the market.
Regional analysis: North America currently dominates the automated CPR devices market with a share of over 35%, due to availability of advanced healthcare infrastructure and presence of key players. Asia Pacific is expected to be the fastest growing market registering a CAGR of 13.5% during the forecast period. Increasing healthcare expenditure and growing incidences of cardiac arrests are major factors driving the APAC market.
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, SCHILLER Americas Inc. The global market is consolidated in nature with top players accounting for over 70% of the overall market share. Key players are focusing on new product launches and geographic expansion through partnerships and distribution agreements to strengthen their market position.
For More Insights, Read- https://blogger-veritas.blogspot.com/2023/12/mobile-payments-is-fastest-growing.html
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