Automated CPR Devices Market size will expand from 2021 to 2027, led by the increasing cases of cardiovascular disorders and a surge in associated mortality rate. According to WHO statistics, CVDs are considered to be the leading cause of fatality worldwide, claiming an estimated 17.9 million lives almost every year.
Some of the other pivotal factors augmenting the growth scope of market include increasing rate of respiratory illness, trauma, increased accessibility to healthcare, rising prevalence of lifestyle disorders, and an upsurge in geriatric population. The elderly population is highly vulnerable to respiratory and heart diseases, thus making them a major end-user for automated CPR devices.
However, high initial cost of the equipment and dearth of trained professionals in the usage and management of the device are the factors that would hamper the growth of automated CRP devices market during the forecast timeline. Intervention of several organizations to incorporate these devices and train the staff to use these would boost the business space in the ensuing years. For instance, the Brooklyn Park Fire Department recently installed tow automated CPR devices for cardiac arrest calls.
Load distributing band-CPR is slated to record substantial growth in the overall market through 2027. The device is a mechanical CPR system that consists of pneumatic band tied to a board that involves the patient’s chest. It enables continuous and efficient compressions, allowing automated CPR to coronary angioplasty and angiography simultaneously. Elevating use of these devices for out-of-hospital non traumatic cardiac arrest patients would stimulate LDB-CPR industry growth over the coming years.
Considering the type of compressor, battery driven CPR devices will gain prominence worldwide impelled by their lightweight and portable properties. Owing to these attributes, the device can easily be deployed in crash cart units in ICUs. Moreover, battery driven CPRs boast of the ability to be paused and resumed accordingly without compromising access to the patient. These parameters will foster the industry progression in the coming years.
Ambulance segment is expected to garner profitable returns across the overall market. This can be ascribed to the rising need for deployment of these devices in ambulances due to the rising cases of fatalities owing to CVDs, even before reaching the hospital. As per a report by American Heart Foundation, nearly 90% of patients suffering from sudden cardiac arrest die before even reaching the hospital for treatment. This induces the need for deploying automated CPR devices in the setting. Besides, increasing efforts being made by various organizations to include these devices in ambulances would further propel the market dynamics. Citing an instance, the Orange County Health Care Agency’s Emergency Medical Services, had in January 2020, proposed a new policy under which the 10 agencies in the country that respond to 911 calls are liable to use the automated CPR devices.
United Kingdom is projected to emerge as a remunerative hub across automated CPR devices market on account of the surging CVD cases nationwide. According to the British Heart Foundation, cardiovascular is the most cause of fatality in the UK, recording approximately 160,000 deaths on a yearly basis. In addition to this, establishment of modern healthcare system along with the rising government spending on public healthcare would potentially fuel the regional growth in the coming years.
Major players operating in the market are Michigan Instruments, Zoll Medical Corporation (Asahi Kasei), Brunswick Biomedical Technologies, Physio-Control (Stryker Corporation), SCHILLER Americas Inc, and others. These market vendors have been relentlessly working towards the development of novel products in the overall industry to gain a competitive edge.
The coronavirus pandemic has created new challenges for the global market during 2020. Although the demand for these devices rose profoundly given the rising complaints of respiratory difficulties, the supply to demand ratio remained unbalanced with temporary halt in production. Additionally, disruptions in supply chains further hindered the market growth. However, with relaxation in transportation norms, the market is gradually witnessing a positive growth.
Market, by Product
Market,by Type of Compressor
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