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Latin America Automated CPR Devices Market Research Report – Segmented By Power Source, Kind Of Device and Country (Brazil, Argentina, Chile, Mexico and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: March, 2023
ID: 5263
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Automated CPR Devices Market Size (2022 to 2027)

The size of the Automated CPR Devices Market in Latin America at a prominent CAGR during the forecast period.

The key market drivers have increased adoption rates in emergency medical services, acute myocardial infarction (AMI), chronic obstructive pulmonary disease, and cardiac arrest. For example, compared to manual CPR, automated devices have improved the survival rates of patients suffering from AMI. Over the forecast period, it is also expected that increased knowledge of the benefits of these devices boosts demand for them. Furthermore, during the forecast period, the rising incidence of heart attacks in emerging economies such as Brazil, Mexico, and Argentina are expected to have a favorable impact on economic prospects. 

The elderly population is more susceptible to respiratory and cardiovascular ailments, making them a prime target for automated CPR equipment. The rising prevalence of cardiovascular disease (CVD) is significantly driving the regional automated PCR devices market growth during the forecast period.  In addition, the growing geriatric population is also predicted to contribute to market growth. Nevertheless, several firms working together to adopt these gadgets and train employees on how to use them are expected to accelerate the market space in the coming years.

The Latin American region's automated CPR devices market is projected to see significant development prospects as demand for sophisticated automated CPR equipment grows. The following are some unmet clinical needs that could give manufacturers promising growth prospects in the near future. In addition, government and private-sector initiatives to promote automated CPR devices are projected to provide lucrative growth possibilities for market players. For example, The Leona M. and Harry B. Helmsley Philanthropic Trust, a U.S.-based charitable foundation, announced plans in April 2020 to purchase automated mechanical chest compression devices worth US$ 4.7 million for COVID-19 patients displaying signs of cardiac failure. Furthermore, the Automated Pulse Rate Monitor, an automated CPR equipment, should include an in-built feature to check the patient's pulse rate to save time from manually checking it. In addition, an automated CPR device should have a function that indicates when it's time to administer the patient with injections like Atropine and Adrenaline. Thus, the introduction of automated CPR equipment is also likely to help the market grow. 

However, the growth of the Latin American automated CPR devices market is projected to be hampered by high training requirements. To ensure improved survival rates after abrupt cardiac arrests, healthcare staff must undergo considerable training to operate automated CPR devices properly. In addition, the high cost of automated CPR devices is a significant impediment to the worldwide automated CPR devices market's expansion. An automated CPR equipment costs around $10,000 on average. Replacement/disposable parts of CPR equipment, such as the live band, demand additional charges. In addition, the automated CPR equipment is quite heavy, and when used, it can cause injuries such as rib fractures, sternal fractures, and internal organ fractures. The average weight of automated CPR equipment, including the battery, is 11.6 kg, which is projected to restrain market expansion.

Increasing rates of respiratory sickness, trauma, increased accessibility to healthcare, rising incidence of lifestyle problems, and an increase in the geriatric population are some of the vital pivotal aspects driving the market's potential scope. However, for distant village populations, the high initial cost of the equipment and a scarcity of skilled specialists in the use and management of the device are the factors that would stymie the market's growth over the forecast period.

This research report on the Latin American CPR devices market has been segmented and sub-segmented into the below categories:

By Power Source: 

  • Battery Driven CPR Devices
  • Pneumatically Driven CPR Devices
  • Mechanically CPR Devices

By Kind Of Device: 

  • Piston Devices
  • 3D Compression Devices
  • Load Distribution Devices

By Country:

  • Brazil
  • Argentina
  • Chile
  • Mexico
  • Rest of Latin America

Geographically, the Latin American regional market held a moderate share in the global Automated PCR devices market in 2020. In addition, the market is expected to witness a promising share during the forecast period. The regional market growth is attributed to the favorable reimbursement policies, the presence of large companies, and support government programs that offer easy access to current goods for automated CPR device training sessions for physicians. In countries like Brazil, Mexico, and Argentina, the market for automated CPR devices is increasing quicker, accelerating the development of medical infrastructure.

The Brazilian automated CPR devices market dominated the Latin American market, and it is likely to continue its dominance throughout the forecast period. Availability of advanced healthcare infrastructure, growing healthcare spending, and supportive government policies fuel market growth. The latest medical technology and automated CPR equipment aid in creating international ties for improved infrastructure and more efficient purposes.

KEY MARKET PLAYERS:

Zhuhai Kindway Medical Science & Technology Co., Ltd, ZOLL Medical Corporation, CPR Medical Devices, Inc., and Medtronic, Inc. are the key players in the Latin America Automated CPR Devices market.

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