July 18, 2024
Automated CPR Devices Market

Cardiac Resuscitation Devices Is The Largest Segment Driving The Growth Of Automated CPR Devices Market

Automated CPR devices are the mechanical devices that perform chest compressions on a patient suffering from sudden cardiac arrest. These devices allow continuous chest compression, consistent compression rate and depth without requiring much manual effort. They can deliver high-quality chest compressions and improve blood flow during cardiac arrest compared to manual CPR.

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:

One of the key trends driving the growth of automated CPR devices market is the increasing incidence of cardiac arrests. According to the American Heart Association, approximately 350,000 out-of-hospital cardiac arrests occur in the United States each year. This growing incidence of cardiac arrests has increased demand for automated CPR devices as they offer advantages of continuous uninterrupted chest compressions without requiring frequent change of healthcare professionals. The uniform compressions delivered by these devices at the designated depth and rate improve survival outcomes of cardiac arrest patients compared to manual CPR.

SWOT Analysis

Strength: Automated CPR devices provide consistent, high-quality CPR to patients compared to manual CPR. They reduce responder fatigue allowing healthcare providers to focus on other emergency tasks.
Weakness: Higher costs associated with automated CPR devices make them less affordable for healthcare facilities with limited budgets. Lack of portability as these devices are bulkier than manual CPR techniques.
Opportunity: The growing incidence of cardiovascular diseases worldwide is expected to drive the demand for advanced cardiac life support equipment like automated CPR devices. Favorable regulatory environment and product approvals will support new market entrants.
Threats: Limited healthcare budgets in developing nations may hamper market growth. Preference for traditional manual CPR methods over automated techniques due to lack of expertise and training with newer devices.

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 prevalence of cardiovascular diseases. According to the World Health Organization, cardiovascular diseases are the leading cause of death globally, taking an estimated 17.9 million lives each year. This growing disease burden has accelerated the adoption of specialized resuscitation equipment like automated CPR devices.

Regional analysis: North America dominated the global automated CPR devices market in 2022 and is expected to maintain its lead over 2023-2030. This can be attributed to growing healthcare spending and presence of key market players in the region. Asia Pacific is expected to be the fastest growing market during the forecast period supported by increasing healthcare infrastructure, rising medical tourism, and growing patient pool.

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 dominated the market in 2022 with their Resuscitator devices being widely adopted across hospitals. Medtronic also has a strong presence with its LUCAS device range supporting automated chest compressions.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it