The Automated CPR Devices Market is expected to be worth US$ 110.9 million in 2023, rising to US$ 344.44 million by 2033. During the forecast period, the market is expected to grow at a CAGR of 12%.
Several factors influencing the global market are:
- Rising Prevalence of Cardiovascular Diseases: Increasing cardiovascular diseases such as sudden heart attack and cardiac arrest are the main cause of death globally. The adoption of automated CPR devices improves the condition of patients during emergencies and declines death rates.
- Improve Automated CPR: The healthcare manufacturers offer high-quality devices for chest compression to improve blood flow during cardiac arrest. These devices improve the chances of patients surviving by reducing rescuer fatigue.
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- Advanced Technologies: The rising demand for automated CPR devices is rapidly growing as it offer real-time monitoring integrated with sensors. These devices are efficient and reliable in optimizing patients’ chest compression.
- Training and Education Initiatives: The healthcare manufacturers and doctors are educating the importance of CPR devices. They initiate training programs to teach about the uses and benefits and raise awareness of automated CPR devices. Several organizations, such as healthcare institutions, hospitals, and public health agencies, promote these devices and drive the global market.
- Growing Geriatric Population: The growing aging population of cardiovascular diseases is rapidly increasing the demand for automated CPR devices. These devices are widely adopted in several settings, including home healthcare, nursing homes, and assisted living facilities.
- Government Initiatives: Government plays a significant role by increasing the availability of automated CRP devices to reduce cardiac arrest. The government implements guidelines and policies in the healthcare sector during emergencies.
Key Takeaways:
- In the historical period, the market captured a valuation of US$ 99.02 million in 2022.
- The United States is estimated to dominate the global market by capturing a huge global market share by 2033.
- Based on end-user, ambulances are leading the global market by securing a maximum share during the forecast period.
How are Key Players Adding Value in the Global Market?
The market is highly fragmented by several key players that invest heavily in research and development activities. These players focus on patients’ requirements to develop highly advanced and high-quality automatic CPR devices to ensure their safety. The key players offer improved devices integrated with advanced technologies such as artificial intelligence.
These key players promote their products and educate customers about their benefits and uses. They are also growing awareness through initiative campaigns in online platforms, exhibitions, seminars, and social media platforms. They are reaching more relevant audiences to increase their sales volume through these.
The key players adopting various marketing methodologies to drive the global market are mergers, acquisitions, partnerships, collaborations, and product launches.
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Recent Developments in the Global Market:
ZOLL Medical Corporation launched its new product automated CPR device Autopulse. This newly launched device provides better chest compressions assisting EMS personnel.
Major Players 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.
- Medtronic Inc.
Market by Categorization:
By Power Source:
- Pneumatically Driven CPR Devices
- Battery-driven CPR Devices
- Mechanically Actuated And Battery-driven CPR Device
By Device Type:
- Piston Devices
- Load Distribution Devices
- 3D Compression Devices
By End User:
- EMS
- Hospitals
- Ambulances
- Coronary & Intensive Care Units
- Cardiac Catheterization Labs
- Air Med-Evac Units
- EMT Rescue Units
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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