The global automated CPR devices market was developing rapidly in the recent past and is predicted to witness new growth heights during 2021 and 2026.
Cardiopulmonary resuscitation (CPR) is a crisis and lifesaving method comprised of chest pressure and artificial ventilation. CPR is performed to keep up the bloodstream and oxygenation to mind if there should be an occurrence of heart failure. CPR's primary capacity is to keep up the partial flow of oxygenated blood to the mind and heart. The principal design is to defer tissue passing to accomplish effective resuscitation and protecting the cerebrum from perpetual harm.
MARKET DRIVERS:
Y-O-Y growth in the incidence and prevalence of CVDs is one of the primary factors driving the global automated CPR devices market.
According to the statistics published by World Health Organization, every year, more than 17.9 million die from CVDs, which is approximately 31% of worldwide deaths. Furthermore, Rising Interest from EMS (Emergency Medical Services), the surge in open awareness regarding the heart failure and clinical advantages of the CPR gadgets, expanding government subsidizing and awards, and developing geriatric population is a portion of the significant drivers of the market. The expanding frequencies of cardiovascular infections and increasing out-of-emergency clinic heart failure across the globe are additionally expected to drive the automated CPR devices market essentially.
MARKET RESTRAINTS:
However, the significant expense of automated CPR devices, its considerable weight, high preparation necessities, and clashing consequences of observational studies are minor restrictions in the worldwide automated CPR device market.
Impact Of COVID-19 On the global automated CPR devices market:
COVID-19 is a deadly disease that disrupted the global economy in an unprecedented way. It is a great deal for the healthcare sector to effectively manage and evaluate proper treatment services for the patients affected with the COVID-19. The patients affected with the novel coronavirus may experience cardiovascular manifestations that place them face a severe risk of cardiac arrest. In these cases, automated CPR devices played an important role in reducing the risk factors by providing necessary services to the patient. American Heart Association and European Resuscitation Council projected new guidance for hospitals to use CPR devices to reduce cardiac arrests. This has led the market shares to grow tremendously during the COVID-19 outbreak. The automated CPR devices market size to grow at a high pace in the forecast period.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2020 to 2026 |
|
Base Year |
2020 |
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Forecast Period |
2021 to 2026 |
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Segments Covered |
By Power Source, Kind of Device, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Zhuhai Kindway Medical Science & Technology Co., Ltd, ZOLL Medical Corporation, CPR Medical Devices, Inc., and Medtronic, Inc. |
This market research report on the global automated CPR devices market has been segmented and sub-segmented based on the power source, kind of device, and region.
Automated CPR Devices Market - By Power Source:
Based on the power source, the pneumatically driven CPR devices segment leads with the dominant shares of the market due to the increasing adoption of the latest technologies. Battery-driven CPR devices are likely to have the highest CAGR in the foreseen years.
Automated CPR Devices Market - By Kind of Device:
Based on the device kind, the load distribution devices market is holding the largest shares of the market with the increasing number of hospitals and clinics. Rising support from the government authorities is also propelling the demand of the market. The 3D compression devices segment is holding with the largest shares of the automated CPR devices market.
Automated CPR Devices Market - By Region:
Geographically, Europe is expected to have the largest share during the forecast period, followed by North America. North America and Europe together constitute around 60% of the market share. The rising number of people suffering from cardiovascular problems is enhancing the market demand in North America. The hesitance of the health experts to do the CPR process and high capital prerequisites for the work of CPR devices in the huge EMS structure of the U.S is another factor fuelling the growth rate of the automated CPR devices market.
The Asia Pacific is expected to witness considerable growth owing to factors like increasing awareness and Technological Advancements. Technological advancements combined with increasing awareness of heart failure management in growing regions such as the Asia Pacific and Latin America are estimated to boost the interest in automated CPR devices. Moreover, it is expected to represent various opportunities for global and regional specialty players to enter the markets in these regions with cost-effective offerings to acquire a huge market share.
The European market is required to stay prevailing in the worldwide automated CPR device market throughout the foreseen period. Exceptionally progressed EMS, high reception rates of CPR advances, and high buyer comprehension of clinical advantages in control to the expanding need of automated CPR device in the concerned area.
The Middle East and Africa market is relied upon to display a nearly higher CAGR than other segments.
KEY MARKET PLAYERS:
Some of the notable companies dominating the global automated CPR devices market are Zhuhai Kindway Medical Science & Technology Co., Ltd, ZOLL Medical Corporation, CPR Medical Devices, Inc., and Medtronic, Inc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Power Source
5.1.1 Introduction
5.1.2 Pneumatically Driven CPR devices
5.1.3 Mechanically Actuated and Battery Driven CPR devices
5.1.4 Battery Driven CPR Devices
5.1.5 Y-o-Y Growth Analysis, By Power Source
5.1.6 Market Attractiveness Analysis, By Power Source
5.1.7 Market Share Analysis, By Power Source
5.2 Kind Of Device
5.2.1 Introduction
5.2.2 Load Distribution Devices
5.2.3 3D Compression Devices
5.2.4 Validation Biomarkers
5.2.5 Y-o-Y Growth Analysis, By Kind Of Device
5.2.6 Market Attractiveness Analysis, By Kind Of Device
5.2.7 Market Share Analysis, By Kind Of Device
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Power Source
6.1.3.3 By Kind Of Device
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Power Source
6.1.4.3 By Kind Of Device
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Power Source
6.1.5.3 By Kind Of Device
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Medtronic, Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 CPR Medical Devices, Inc.
8.3 Zhuhai Kindway Medical Science & Technology Co., Ltd
8.4 ZOLL Medical Corporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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