Automated CPR Devices Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032
Published on: 2024-08-03 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Automated CPR Devices Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032
Automated CPR Devices Market Size
Automated CPR Devices Market size is poised to expand significantly from 2024 to 2032, stimulated by the increasing cases of cardiovascular disorders (CVDs) and the surge in associated mortality rate. According to WHO statistics, CVDs are the leading cause of fatality worldwide, claiming an estimated 17.9 million lives almost every year.
The surging rate of respiratory illness and trauma, increased accessibility to healthcare, the rising prevalence of lifestyle disorders, and an upsurge in the geriatric population will also propel the use of CPR devices. The elderly population is highly vulnerable to respiratory and heart diseases, further emerging as a major end-user for automated CPR devices.
Moreover, the rising awareness about the critical importance of timely and efficient emergency response is prompting healthcare systems, including pre-hospital and hospital settings worldwide to enhance their emergency medical services (EMS) capabilities, further boosting the automated CPR devices market gains. To cite an instance, Aiken County Emergency Services will be the first EMS service in the U.S. to implement an automated CPR device for enhancing its ability to provide optimal treatment to residents.
However, the higher initial costs of the equipment and the absence of skilled professionals for the usage and management of the devices may hamper the industry expansion to some extent. The intervention of several organizations to incorporate automated CPR devices and train the staff would boost the business space through 2032. For instance, in June 2023, Laerdal Medical introduced its next-generation Little Anne QCPR training manikins along with a new and unique automated external defibrillator (AED) training equipment to improve CPR training.
Automated CPR Devices Market Trends
The rising technological advancements for revolutionizing emergency cardiac care will propel the market growth. Continuous innovations are leading to the introduction of features like real-time feedback, adaptive algorithms, and integrated sensors for enhancing device efficacy. Portable and user-friendly designs also facilitating swift deployment in diverse healthcare settings. Remote patient monitoring capabilities are further enabling real-time performance assessment for aiding training and quality improvement initiatives. With evolving technologies, automated CPR devices are becoming more sophisticated, reliable, and integral to emergency medical response.
Automated CPR Devices Market Analysis
The ambulance segment is expected to garner lucrative gains from 2024-2032 ascribed to the rising cases of fatalities due to various critical illnesses, even before reaching the hospitals. As per a report by the American Heart Foundation, nearly 90% of patients suffering from sudden cardiac arrests succumb to death before reaching the hospital for treatment. This is prompting the need for deploying automated CPR devices in ambulances. Besides, the increasing efforts by various organizations to include these devices in ambulances will further propel the market dynamics.
The U.K. is projected to emerge as a remunerative hub for the automated CPR devices industry by 2032 due to the rising disease burden nationwide. According to the British Heart Foundation, cardiovascular disorder is the most common cause of fatality in the U.K., recording approximately 160,000 deaths yearly. In addition to this, the establishment of a modern healthcare system, along with the rising government spending on public healthcare.
Automated CPR Devices Market Share
Major players operating in the automated CPR devices industry include-
- Michigan Instruments
- Asahi Kasei Corporation
- Brunswick Biomedical Technologies
- Stryker Corporation
- SCHILLER Americas Inc
The ongoing efforts by key automated CPR devices industry players on research, development, and innovation is contributing to advancements in technology, product efficacy, and market expansion for fostering a competitive landscape to accelerate the product adoption in various healthcare settings. To illustrate, Stryker Corporation stands as a pivotal industry player, renowned for its innovative solutions advancing medical technology for ensuring continuous market growth.
Automated CPR Devices Industry News
- In April 2023, Defibtech, a U.S.-based life-saving medical equipment manufacturer, introduced ARM XR, the latest generation of its automated CPR gadget for emergency healthcare workers to treat patients with cardiac arrest.