Automated CPR Devices Market Overall Study Report 2020-2027 | ZOLL Medical Corporation, Stryker Corporation, Brunswick Biomedical Technologies

Cardiopulmonary Resuscitation (CPR) is a compression technique used in various medical emergencies to maintain or initiate blood circulation in the heart and oxygen supply in the brain. CPR devices are chest compression systems that provide high quality compression to chest of patients suffering from sudden cardiac arrest to provide a steady flow of oxygen and blood in the brain as well as heart. The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Statistics:

The global automated CPR devices market is estimated to account for US$ 196.0 Mn in terms of value by the end of 2027.

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Global Automated CPR Devices Market: Drivers

Increasing prevalence of cardiovascular disease (CVD) is expected to propel growth of the global automated CPR devices market over the forecast period. For instance, according to the American Heart Association's Heart and Stroke Statistics 2019 Update, around 48% of all adults in the U.S. suffered from some type of CVD in 2016.

Moreover, increasing number of geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.   

Statistics:

North America held dominant position in the global automated CPR devices market in 2019, accounting for 37.0% share in terms of volume, followed by Europe and Asia Pacific, respectively

Global Automated CPR Devices Market: Restraints

High costs of automated CPR devices is a major factor hindering growth of the global automated CPR devices market. Average cost of an automated CPR device is US$ 10,000. Additional expenses are also required on replacement/disposable parts of CPR devices such as ‘life band’.

Moreover, automated CPR devices are substantially heavy and can cause injuries such as rib fractures, sternal fractures, and internal organ fractures on application. The average weight of an automated CPR device is 11.6 kg, including the battery. This in turn is also expected limit the market growth.

Global Automated CPR Devices Market: Opportunities 

Increasing demand for advanced automated CPR products is expected to offer lucrative growth opportunities for players in the market. Below are some unmet clinical needs that can provide manufacturers with favorable growth opportunities in the near future.

Automated Pulse Rate Check: An automated CPR device should have an in-built feature to check pulse rate of the patient in order to save time spent to check the same manually
Automated Function for Injectable: Automated CPR device should offer a function to indicate the right time to inject the patient with injections such as Atropine and Adrenaline (ensures blood concentration around the vital organs such as brain and heart)
Automated administration of adrenalin

Moreover, guidelines on the use of automated CPR devices are also expected to aid in growth of the market. For instance, in May 2020, American Heart Association published guidelines on resuscitating newborns and children with COVID-19.

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Statistics:

The global automated CPR devices market was valued at US$ 83.5 Mn in 2019 and is forecast to reach a value of US$ 196.0 Mn by 2027 at a CAGR of 11.3% between 2020 and 2027.

Market Trends/Key Takeaways

North America is witnessing increasing adoption of automated CPR devices. For instance, in May 2020, Sentara Martha Jefferson Hospital, Virginia, (U.S.) received LUCAS hands-free automated CPR device through the Sentara Martha Jefferson Foundation.

Increasing prevalence of CVD is expected to boost growth of the market in Asia Pacific. For instance, according to the study, ‘Cardiovascular Diseases in India Compared With the United States, published in July 2018, in the Journal of the American College of Cardiology, the estimated age-standardized prevalence of CVD in India in 2016 was 5,681 per 100,000.

Global Automated CPR Devices Market: Competitive Landscape

Major players operating in the global automated CPR devices market include, ZOLL Medical Corporation, Stryker Corporation, Brunswick Biomedical Technologies, Michigan Instruments, and SunLife Science Inc.

Global Automated CPR Devices Market: Key Developments

Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in November 2019, ZOLL Medical Corporation partnered with BewellConnect, the e-health subsidiary of Visiomed Group, a developer of health products and services, for R&D of a mobile health solution that integrates ZOLL RescueNet AmbulancePad with BewellConnect VisioCheck for the French market.

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