The US market is poised for positive growth in the forecast period due to the increasing incidence of sudden cardiac death nationwide.
NEWARK, DELAWARE, UNITED STATES OF AMERICA, November 6, 2023 /EINPresswire.com/ — The automated CPR devices market is anticipated to secure a valuation of US$ 110.9 million in 2023 and is predicted to reach US$ 344.44 million by 2033. The market is estimated to capture a CAGR of 12% during the forecast period.
Several Factors Influence The Global Market Are:
Rising Prevalence of Cardiovascular Diseases: Increasing cardiovascular diseases such as sudden heart attack and cardiac arrest are the main cause of death globally. The adoption of automated CPR devices improves the condition of patients during emergencies and declines death rates.
Improve Automated CPR: The healthcare manufacturers offer high-quality devices for chest compression to improve blood flow during cardiac arrest. These devices improve the chances of patients surviving by reducing rescuer fatigue.
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Advanced Technologies: The rising demand for automated CPR devices is rapidly growing as it offer real-time monitoring integrated with sensors. These devices are efficient and reliable in optimizing patients’ chest compression.
Training and Education Initiatives: The healthcare manufacturers and doctors are educating the importance of CPR devices. They initiate training programs to teach about the uses and benefits and raise awareness of automated CPR devices. Several organizations, such as healthcare institutions, hospitals, and public health agencies, promote these devices and drive the global market.
Growing Geriatric Population: The growing aging population of cardiovascular diseases is rapidly increasing the demand for automated CPR devices. These devices are widely adopted in several settings, including home healthcare, nursing homes, and assisted living facilities.
Government Initiatives: Government plays a significant role by increasing the availability of automated CRP devices to reduce cardiac arrest. The government implements guidelines and policies in the healthcare sector during emergencies.
In the historical period, the market captured a valuation of US$ 99.02 million in 2022.
The United States is estimated to dominate the global market by capturing a huge global market share by 2033.
Based on end-user, ambulances are leading the global market by securing a maximum share during the forecast period.
How are Key Players Adding Value in the Global Market?
The market is highly fragmented by several key players that invest heavily in research and development activities. These players focus on patients’ requirements to develop highly advanced and high-quality automatic CPR devices to ensure their safety. The key players offer improved devices integrated with advanced technologies such as artificial intelligence.
These key players promote their products and educate customers about their benefits and uses. They are also growing awareness through initiative campaigns in online platforms, exhibitions, seminars, and social media platforms. They are reaching more relevant audiences to increase their sales volume through these.
The key players adopting various marketing methodologies to drive the global market are mergers, acquisitions, partnerships, collaborations, and product launches.
Key Players in the Global Market are:
SunLife Science Inc.
ZOLL Medical Corporation
Physio Control Inc.
Brunswick Biomedical Technologies
Zhuhai Kindway Medical Science & Technology Co. Ltd
CPR Medical Devices Inc.
Recent Developments in the Global Market are:
ZOLL Medical Corporation launched its new product automated CPR device Autopulse. This newly launched device provides better chest compressions assisting EMS personnel.
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Automated CPR Devices Market by Category:
By Power Source:
Pneumatically Driven CPR Devices
Battery-driven CPR Devices
Mechanically Actuated And Battery-driven CPR Device
By Device Type:
Load Distribution Devices
3D Compression Devices
By End User:
Coronary & Intensive Care Units
Cardiac Catheterization Labs
Air Med-Evac Units
EMT Rescue Units
The Middle East and Africa
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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