Automated CPR Devices Market: Rising Prevalence of Different Respiratory Disorders to Drive the Market
Wilmington, Delaware, United States, Transparency Market Research Inc.: The global automated cardiopulmonary resuscitation (CPR) devices market is expected to witness moderate growth during the forecast period between 2021 and 2031.
Automated CPR devices are products that have been deployed extensively in emergency situations to save the life of patients.
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The main function of an automated CPR device is to maintain the flow of oxygenated blood to the heart and the brain. These products have proven beneficial in delaying tissue death in a bid to protect the brain from total damage as well as delay the death of tissues.
The global automated CPR devices market was positively impacted by the outbreak of the COVID-19 pandemic.
With patients suffering from coronavirus vulnerable to suffering from cardiac arrest owing to rapid mutation of the virus, the demand for automated CPR devices witnessed an increase during the pandemic phase. The increased demand helped fuel the growth in the overall automated CPR devices market.
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Automated CPR Devices Market - Trends and Opportunities
Rising prevalence of different respiratory disorders is the key growth driver for the global automated CPR devices market.
Also, increasing geriatric population in leading economies globally could contribute to the growth of the overall automated CPR devices market, in the years ahead.
Innovations to existing products could play a key role in increasing product demand and propelling the global automated CPR devices market, in future.
Government initiatives and measures, promoting the benefits of automated CPR devices could bolster the growth in the overall market, in the coming years.
Ambulance end-use segment is expected to contribute the most to the global automated CPR devices market in the coming years owing to increased automated CPR devices deployment to maintain blood flow in patients in their journey to the hospital.
The battery-powered automated CPR devices product segment is expected to make the largest contribution to the overall market because of factors such as ease of operation of devices and their capability to automatically adjust based on a patient's chest size.
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Automated CPR Devices Market - Competitive Landscape
The global automated CPR devices market is highly competitive and comprises several prominent players. Many of these players are expected to account for a large share in the overall market, in future.
Leading automated CPR devices market players could engage in different growth strategies such as new product launches in a bid to gain a competitive edge over other players.
US-based market player Michigan Instruments recently launched a new line of portable, hand-free CPR devices, which have proven beneficial in the easy transition from manual CPR to automated compressions.
Well-established automated CPR devices market players could also collaborate with smaller players in a bid to expand their market presence and increase their revenue shares.
The smaller automated CPR devices market players will seek funding from private investors which could them in their long-term growth.
Some of the leading players in the global automated CPR devices market include Medtronic, Zoll Medical Corporation, SunLife Science, Michigan Instruments, Brunswick Biomedical Technologies, and Faith Group.
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Automated CPR Devices Market - Regional Assessment
North America is expected to be the dominant region in the global automated CPR devices market owing to the presence and adoption of new technologies in countries such as US and Canada
Europe is expected to offer profitable growth opportunities for the overall automated CPR devices market because of factors such as rising geriatric population and large disposable incomes in countries such as Italy and Germany.
Asia Pacific is expected to witness strong growth in the global automated CPR devices market owing to rising prevalence of chronic diseases such as diabetes and growing adoption of medical instruments at healthcare infrastructure facilities, in these countries.
Other parts of the world such as Latin America and Middle East and Africa are expected to witness moderate growth in the overall automated CPR devices market, in future.
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