The global cardiopulmonary resuscitation (CPR) devices market size will grow by USD 75.06 million during 2019-2023. The CPR devices market report provides a detailed analysis of the market by type (mechanical piston devices, active compression-decompression devices, load-distributing band devices, impedance threshold devices, and other devices), compressor type (automatic CPR and manual CPR), and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Asahi Kasei Corp., corpuls, CU Medical Systems Inc., GE Healthcare Inc., Nihon Kohden Corp., and Stryker Corp.
Key Insights on the Cardiopulmonary Resuscitation Devices Market - Global Forecast 2019-2023
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Industry Overview
The rising awareness about CPR devices and increasing government initiatives will drive the cardiopulmonary resuscitation devices market growth over the forecast period. The increasing incidence rate of SCD, owing to the prevalence of coronary artery disease, heart attack, and congenital and valvular heart conditions, has prompted governments and private investors to take initiatives to raise awareness about the advantages of using CPR devices. These awareness programs focus on spreading knowledge about survival strategies during a cardiac arrest with the use of CPR devices. Also, the programs are making reimbursement policies available to minimize the treatment cost structure for patients. As a result, the adoption of CPR devices has increased. Leveraging market growth, vendors are further offering automated CPR devices. These factors have increased sales of CPR devices, contributing to the market growth. The market is expected to record a CAGR of close to 11% during 2019-2023.
Vendors are capitalizing on the rising incidence of cardiac arrests and the inefficiency of manual CPR devices and are engineering CPR devices with advanced technologies. The advanced devices are self-monitoring equipment that can deliver optimum pressure in compression and other steps of CPR accurately. They can also trigger an alert to the user when his/her BP or pulse is elevated and indicates signs of an attack.
The market is further witnessing the availability of pocket-friendly devices that trigger an alert during an attack. This particular feature has increased the popularity of pocket-friendly devices, and they could be the future for more first-aid and emergency care. Other devices can monitor chest compression rates and depth, chest wall recoil, and other factors. These features can help patients in availing immediate medical attention. As a result, the adoption of advanced CPR devices is expected to increase during the forecast period.
Top Companies in the Cardiopulmonary Resuscitation Devices Market
The global cardiopulmonary resuscitation devices market is moderately fragmented. The cardiopulmonary resuscitation devices market report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This will help clients in improving their market positions. It also provides a detailed analysis of the upcoming cardiopulmonary resuscitation devices market trends and challenges that will influence market growth. The research will enable companies to create effective strategies to leverage future market growth opportunities.
The report offers a detailed analysis of many leading cardiopulmonary resuscitation devices companies, including:
- Asahi Kasei Corp.
- corpuls
- CU Medical Systems Inc.
- GE Healthcare Inc.
- Nihon Kohden Corp.
- Stryker Corp
Market Segmentation
Cardiopulmonary Resuscitation Devices Market by Compressor Type
- Automatic CPR
- Manual CPR
Automatic CPR held the largest market share in 2018. Automatic CPR compressors provide consistent and better quality compressions compared with manual CPR devices. These compressors also provide uninterrupted defibrillation. Therefore, the survival rates are better with the use of automatic CPR units compared with manual models. The rising coronary artery and cardiovascular conditions will augment the demand for automatic CPR devices during the forecast period. As a result, this market segment will retain its position during 2019-2023 as well.
Cardiopulmonary Resuscitation Devices Market by Region
- Asia
- Europe
- North America
- ROW
North America accounted for the largest cardiopulmonary resuscitation devices market share in 2018, and the region will retain its leading position until 2023. The availability of healthcare insurance coverage and the high adoption of technologically advanced products such as CPR devices in healthcare centers will support the growth of the market in the region during the forecast period.
Major Highlights of the Cardiopulmonary Resuscitation Devices Market – Global Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the cardiopulmonary resuscitation devices market during the next five years
- Precise estimation of the global cardiopulmonary resuscitation devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the cardiopulmonary resuscitation devices industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of cardiopulmonary resuscitation devices companies
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