Automated CPR Devices Market Soars Amid Rising Prevalence of Cardiac Ailments Worldwide
The global automated CPR devices market is experiencing substantial growth, driven by a surge in cardiac illnesses worldwide and advancements in technology. Recent trends and statistics indicate a thriving market poised for further expansion in the coming years.
Integration of Pulse Rate Monitoring Systems Fuels Demand
One of the key drivers of growth in the automated CPR devices market is the increasing demand for devices that integrate pulse rate monitoring systems. These systems eliminate the need for manual procedures and enable accurate prediction of when to administer critical medications like atropine and adrenaline during CPR. As sedentary lifestyles and poor dietary habits contribute to rising rates of obesity, high cholesterol, and high blood pressure, the incidence of cardiac arrest is on the rise. According to the Centers for Disease Control and Prevention (CDC), cardiac illnesses claim over 655,000 lives in the United States alone each year.
Rising Prevalence of Respiratory Illnesses and Aging Population
The global market for automated CPR devices is also driven by the growing prevalence of respiratory illnesses and an aging population. Chronic diseases, such as diabetes, cancer, and respiratory conditions, are more common among the elderly, making reliable CPR technology a necessity. The U.S. Census Bureau projects that by 2034, 77 million older adults will reside in the United States, further boosting demand for automated CPR devices.
Government Initiatives and FDA Approvals
Government programs and initiatives highlighting the benefits of automated CPR equipment are expected to contribute to market growth. Additionally, the industry is witnessing a surge in quick FDA approvals. Devices like the Philips HeartStart FR3 and HeartStart FRx, equipped with CPR instructions for use in public spaces, have recently received premarket approval from the FDA. Automated CPR equipment is now being deployed in ambulances to provide crucial support to cardiac arrest victims while en route to the hospital, significantly improving survival rates.
Impact of COVID-19 on the Market
While the automated CPR devices market has witnessed significant growth, the COVID-19 pandemic presented challenges. Supply chain disruptions, social distancing measures on assembly lines, travel restrictions, and logistical issues have impacted manufacturing operations. Shortages of raw materials, particularly from Chinese manufacturers, have hampered production. However, as the pandemic subsides, the market is expected to regain momentum.
Technological Advancements Propel Market Expansion
Technological advancements in mechanical CPR equipment are expected to further drive market growth. Mechanical devices can provide consistent, high-quality CPR without the variability and fatigue associated with manual CPR. Studies have shown promising results for devices that offer active compression-decompression CPR (ACD-CPR). The development of automatic mechanical chest compression equipment with ACD-CPR capabilities is anticipated to capture the interest of healthcare professionals and researchers, stimulating market expansion.
Challenges and Opportunities
Despite the promising outlook, the high cost of automated CPR devices remains a challenge for market expansion. These devices typically cost around $10,000, and the need for replacement or disposable components adds to the overall expense. Additionally, the weight of these devices can pose a risk of fractures in internal organs.
- Battery-Driven Devices Dominate: Battery-driven automated CPR devices hold the largest market share due to their ease of use and adaptability to confined spaces. These devices automatically adjust to the patient’s chest size, enhancing survival rates.
- Ambulance Category Leads: Automated CPR devices used in ambulances dominate the market, with growing demand for pre-hospital care and rapid device deployment.
- North America Takes the Lead: North America is expected to dominate the market, driven by the alarming prevalence of sudden cardiac death. Government initiatives and awareness campaigns are also contributing to market growth.
- Asia Pacific Offers Growth Opportunities: The Asia Pacific region is anticipated to experience stable revenue growth, driven by technological advancements and increasing awareness of heart failure management.
Leading players in the automated CPR devices market include Zoll Medical Corporation, Medtronic, Physio-Control, Brunswick Biomedical Technologies, Michigan Instruments, SunLife Science, SCHILLER Americas Inc., Faith Group, Stryker Corporation, and Lucas.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/automated-crp-devices-market
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This press release first seen on Brilad