by Market Overview:
Automated CPR devices are medical devices that perform cardiopulmonary resuscitation (CPR) with minimal user intervention through consistent chest compressions. These devices provide continuous chest compressions at a consistent rate and depth recommended by international resuscitation guidelines. This helps improve the quality of CPR performed during cardiac arrest or cardiac emergencies.
Market key trends:
One of the key trend gaining traction in the automated CPR devices market is the development of battery powered portable devices. The development of compact, lightweight and battery operated automated CPR devices allows first responders to use them anywhere needed. These portable devices offer consistent, fatigue-resistant chest compressions when manual CPR is not possible. The increasing adoption of these portable automated CPR devices is expected to support the growth of the overall market during the forecast period.
One of the key trends in the automated CPR devices market is the growing adoption of automated external defibrillators (AEDs). AEDs are portable electronic devices that automatically diagnose the life-threatening cardiac arrhythmias and are able to treat them through defibrillation, which applies an electric shock to restore a normal heartbeat. These devices offer faster treatment and are being installed in several public places like airports, railway stations, etc. leading to higher chances of resuscitation of patients suffering from sudden cardiac arrest.
The global Automated CPR Devices Market Growth 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.
SWOT Analysis:
Strength: Automated CPR devices offer consistent, high-quality, and effective CPR chest compressions compared to manual CPR. This improves clinical outcomes of patients suffering cardiac arrests.
Weakness: High costs associated with automated CPR devices making it difficult for resource-strapped hospitals and healthcare facilities to afford these devices.
Opportunity: Growing demand for public-access defibrillation programs and increased installation of AEDs in public places is expected to drive the demand for automated CPR devices.
Threats: Limited medical reimbursements and absence of regulations for installation of automated CPR devices in certain regions pose challenges.
Key Takeaways:
The global automated CPR devices market is expected to witness high growth, exhibiting CAGR of 11.% over the forecast period, due to increasing incidence of cardiac arrests and heart diseases.
Regional analysis: North America dominated the global automated CPR devices market in 2023, accounting for around 35% of the global market share. This is attributed to the rising spending on healthcare infrastructure, presence of major players, and growing awareness regarding public-access defibrillation programs in the region.
Key players: The 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. ZOLL Medical Corporation holds the largest market share owing to its well-established brand presence and wide product portfolio.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
