Automated CPR Devices Market to Reach Revenue US$ 159 Mn by 2025
The devices does the Cardiopulmonary resuscitation (CPR) process mechanically. 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.
The observational studies have demonstrated that improved hemodynamic effect & better coronary perfusion and increased incidence of return of spontaneous circulation can be achieved by mechanical and automated CPR devices. On the basis of power source used the devices are classified as Pneumatically Driven CPR devices, Battery Driven CPR Devices, and Mechanically Actuated and Battery Driven CPR devices. On the basis of kind of device the CPR devices can be classified as Piston Devices, Load Distribution Devices, and 3D Compression Devices.
In terms of revenue the global automated CPR devices market was valued at US$ 50.7 Mn in 2014, and is estimated to be worth US$ 159 Mn by 2025 with a CAGR of 11%.
Drivers & Trends
Increasing demand from EMS (Emergency Medical Services), surge in public awareness about cardiac arrest and clinical benefits of the CPR devices, increasing government funding and grants and growing geriatric population are some of the major drivers of the market. The increasing incidences of cardiovascular diseases and increasing out-of-hospital cardiac arrest across the globe are also expected to drive the automated CPR devices market significantly.
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Conversely, high cost of automated CPR device, its substantial weight, high training requirements and conflicting results of observational studies are some minor restraints in the global automated CPR devices market.
Analysis by Geography
Geographically, the global automated CPR devices market is segmented into five regions: Europe, North America, Asia Pacific, Middle East and Africa and Latin America of which the most prominent regional markets are Europe and North America which together constituted around 62.4% of the current market 2014.
Europe market is expected to remain dominant in global automated CPR devices market throughout the forecast period. Highly advanced EMS, high adoption rates of CPR technologies and high consumer understanding of clinical benefits in charge to the increasing need of automated CPR devices in the concerned region.
Despite huge investments by key players and new entrants in the North America market the North America market is expected to be at second position owing to some inhibitors such as reluctance of the health professionals to do the CPR process and high capital requirements for employment of CPR devices in the large EMS systems of U.S.
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Technological advancements coupled with rising awareness of cardiac arrest management in developing regions such as Asia Pacific and Latin America are projected to boost demand for automated CPR devices. This is further expected to present new opportunities for global and regional niche players to enter the markets in these regions with cost-effective offerings in order to gain large market share
Middle East and Africa market is expected to exhibit a comparatively higher CAGR than other segments.
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