SEATTLE, May 18, 2021, (MEDGADGET) — Global Automated CPR Devices market analysis
A compression method which is used in several medical emergencies for initiating and maintaining the circulation of blood in the heart as well as supply of oxygen to the brain, is known as Cardiopulmonary Resuscitation (CPR). For the patients diagnosed with cardiac arrest, these CPR devices provide a quality chest compression by enabling a slow supply of blood and oxygen to the heart as well as brain.
By 2027, the global automated CPR devices market is estimated to have a valuation of US$ 196.0 million.
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Rising incidences of CVD (cardiovascular disease) is expected to boost growth of the global automated CPR devices market during the forecast period. As per the 2019 report from American Heart Association’s Heart and Stroke Statistics, in 2016, around 48% of overall adults were suffering from CVDs in the U.S.
Furthermore, rising number of geriatric population is expected to augment growth of the global automated CPR devices market. By 2034, the geriatric population in the U.S. is expected to reach 77 million, as per the U.S. Census Bureau.
In 2019, North America occupied had occupied a dominating position in the global automated CPR devices market, reckoning about 37.0% of market share and was followed by Europe and Asia Pacific.
Higher costs associated with automated CPR devices is the main factor for hampering growth of the global automated CPR devices market. An automated CPR device has an average price of US$ 10,000. For replacing the parts of CPR devices, additional charges are needed.
Generally, automated CPR devices are heavy and can lead to injuries such as sternal fractures, fractures of internal organs, and rib fractures while handling. An automated CPR device along with its battery has an average weight of 11.6 kg. This is the limiting factor for the growth of the global automated CPR devices market.
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Rising demand for innovative automated CPR devices is expected to provide a substantial growth opportunities for companies operating in the global automated CPR devices market during the forecast period. Some of the necessary clinical requirements which can offer producers with lucrative growth opportunities are given below;
- An Automated CPR device must provide a function to identify the correct time for injecting patients with Adrenaline (circulates blood to organs such as heart and brain) and Atropine.
- Adrenalin is managed automatically.
- The automated CPR devices must consist of in-built feature to identify the patient’s pulse rate for saving the time required in manual method.
Furthermore, inclusion of guidelines on handling the automated CPR devices are expected to augment growth of the global automated CPR devices market over the forecast period. In May 2020, the American Heart Association had released guidelines for resuscitation of children and new-borns with coronavirus.
In 2019, the global automated CPR devices market had a valuation of US$ 83.5 million and is projected to attain a valuation of US$ 196.0 million by 2027 with a CAGR of 11.3% over the forecast period (2020-2027).
The North American region is experiencing a rise in adoption of automated CPR devices. In May 2020, the Sentara Martha Jefferson Hospital of Virginia State, U.S., had received LUCAS hands-free automated CPR device by Sentara Martha Jefferson Foundation.
Rising incidences of CVD are expected to foster growth of the automated CPR devices market in Asia Pacific. In July 2018, as per the study published in the Journal of the American College of Cardiology, the approximated age-standardized incidences of CVD in India were 5,681/100,000 in 2016.
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Key companies contributing in the global automated CPR devices market are Brunswick Biomedical Technologies, Stryker Corporation, SunLife Science Inc., ZOLL Medical Corporation, and Michigan Instruments.
The focus of key companies in the market on adopting inorganic strategies to broaden their portfolio of products. In November 2019, ZOLL Medical Corporation had collaborated with the subsidiary of Visiomed Group, BewellConnect for the French market.
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