Global Automated CPR Devices Market Is Estimated To Witness
High Growth Owing To Increasing Demand for Advanced CPR Technologies &
Growing Cases of Cardiac Arrest
The global automated CPR devices market is estimated to be valued at US$ 127.67
million in 2023 and is expected to exhibit a CAGR of 11.5% over the forecast
period 2023-2030, as highlighted in a new report published by Coherent Market
Insights.
Market Overview:
The global automated CPR devices market consists of advanced technologies and
devices used for performing cardiopulmonary resuscitation (CPR) efficiently and
effectively. These devices are designed to provide consistent and high-quality
chest compressions to maintain blood flow to vital organs during cardiac
arrest. Automated CPR devices have gained significant importance in emergency
medical services, hospitals, and ambulances due to their ability to deliver
standardized compression rates and depths, reducing human errors.
Market Dynamics:
The market for automated CPR devices is driven by two main factors. Firstly,
the increasing demand for advanced CPR technologies to improve survival rates
during cardiac arrest incidents. Automated CPR devices provide consistent and
uninterrupted chest compressions, which are crucial in maintaining blood flow
and oxygenation to the brain and other vital organs until advanced medical
interventions can be performed.
Secondly, the growing cases of cardiac arrest worldwide are fueling the demand
for automated CPR devices. According to the American Heart Association,
approximately 475,000 cardiac arrests occur in the United States annually, with
a survival rate of less than 12%. This alarming statistic highlights the need
for effective and reliable CPR devices to improve outcomes in cardiac arrest
patients.
SWOT Analysis:
Strengths:
1. Reliable and consistent chest compressions.
2. Improves survival rates during cardiac arrest.
Weaknesses:
1. High initial costs of automated CPR devices.
2. Limited availability and access in developing regions.
Opportunities:
1. Increasing investments in healthcare infrastructure.
2. Technological advancements in CPR devices.
Threats:
1. Stringent regulatory guidelines.
2. Competition from alternative CPR techniques.
Key Takeaways:
- The global automated CPR devices market is expected to witness high growth,
exhibiting a CAGR of 11.5% over the forecast period, due to increasing demand
for advanced CPR technologies and the growing number of cardiac arrest cases.
- North America is anticipated to dominate the market, driven by the presence
of well-established healthcare infrastructure, high healthcare expenditure, and
increasing adoption of automated CPR devices.
- Key players operating in the global 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.
In conclusion, the global automated CPR devices market is poised to experience
significant growth in the coming years. The demand for advanced CPR
technologies and the increasing cases of cardiac arrest are driving market
growth. With the support of reliable and consistent chest compressions provided
by automated CPR devices, healthcare professionals can improve survival rates
and enhance patient outcomes during emergency cardiac events.
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