An Incisive, In-depth Analysis on the Automated Cpr Devices Market
This study offers a comprehensive, 360 degree analysis on the Automated Cpr Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automated Cpr Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
CPR devices perform Cardiopulmonary Resuscitation (CPR) process mechanically. CPR is a compression technique used in various medical emergencies to maintain or initiate blood circulation in the heart and oxygen supply in the brain. Several observational studies have demonstrated that improved hemodynamic effect and better coronary perfusion and increased incidence of return of spontaneous circulation can be achieved by mechanical and automated CPR devices. On the basis of power source used the devices are classified as Pneumatically Driven CPR Devices, Battery Driven CPR Devices, and Mechanically Actuated and Battery Driven CPR devices. On the basis of kind of device CPR devices can be classified as Piston Devices, Load Distribution Devices, and 3D Compression Devices.
Market Value Forecast
In terms of revenue the global automated CPR devices market was valued at US$ 60.0 Mn in 2016 and is estimated to be worth US$ 191.2 Mn by 2027 with a CAGR of 11.3% registered during 2017 – 2027.
Increasing demand from EMS (Emergency Medical Services), surge in public awareness about cardiac arrest and clinical benefits of CPR devices, increasing government funding and grants and a rapidly growing geriatric population are some of the major drivers of the market. Increasing incidences of cardiovascular diseases and increasing out-of-hospital cardiac arrest cases across the globe are also expected to drive the automated CPR devices market significantly.
Conversely, high cost of automated CPR devices, the substantial weight, high training requirements and conflicting results of observational studies are some minor restraints in the global automated CPR devices market.
Analysis by End User
The automated CPR devices market is segmented on the basis of end user into hospitals, ambulatory surgical centres, speciality clinics and emergency medical services. The hospitals segment contributed the leading share to the global market, and the trend is expected to continue over the forecast period owing to the increasing demand for CPR devices in hospitals and an increasing prevalence of cardiac arrest globally over the forecast period. The speciality clinics segment is also anticipated to occupy a significant market share over the forecast period. The hospitals segment is expected to be the most lucrative among all end user segments with a market attractiveness index of 2.1.
Analysis by Geography
Geographically, the global automated CPR devices market is segmented into five regions namely North America, Latin America, Europe, Asia Pacific and Middle East and Africa of which the most prominent regional markets are Europe and North America which together constituted around 63.0% of the total market share in 2016. The Europe market is expected to remain dominant in the global automated CPR devices market throughout the forecast period. Highly advanced EMS, high adoption rates of CPR technologies and high consumer understanding of clinical benefits are some of the key revenue boosting factors across the region.
Despite huge investments by key players and new entrants in the North America market, this region is expected to be at the second position owing to some inhibitors such as reluctance of healthcare professionals to perform the CPR process and high capital requirements for employment of CPR devices in the large EMS systems across the U.S. Technological advancements coupled with a growing awareness of cardiac arrest management in developing regions such as Asia Pacific and Latin America are projected to boost global market demand for automated CPR devices. This is further expected to present new opportunities for global and regional niche players to enter the markets in these regions with cost-effective offerings in order to gain large market share. The Middle East and Africa market is expected to exhibit a good CAGR over the forecast period.
Report Description and Structure
This Future Market Insights report examines the global automated CPR devices market for the period 2017-2027. The primary objective of the report is to offer updates on the advancement of automated CPR devices, examining the marketing efforts and to provide information on the market opportunities in the global automated CPR devices market. The report depicts the marketing strategies undertaken by the manufacturing companies, which is significantly transforming the automated CPR devices market. This study analyses, estimates and forecasts the global automated CPR devices market from the supply perspective in terms revenue (US$ Mn) during the forecast period 2017 to 2027. The report also highlights the various drives and inhibitors in various regions along with their impact on the global market.
CPR devices are chest compression systems that provide high quality compression to patients suffering from sudden cardiac arrest to provide a steady flow of oxygen and blood in the brain as well as heart. The CPR device finds application in EMS, hospitals, ambulances, coronary and intensive care units, cardiac catheterisation labs, air medevac units, EMT rescue units, etc. The devices perform the Cardiopulmonary Resuscitation (CPR) process mechanically. CPR is a compression technique used in various medical emergencies to maintain or initiate blood circulation in the heart and oxygen supply in the brain.
To understand and assess the opportunities in this market the report is categorically divided under various sections such as market analysis by regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) and a competitive landscape (inclusive of competition dashboard, market share analysis, CPR brand share analysis, and company profiles). The report analyses the global automated CPR devices market in terms of market value (US$ Mn). The report starts with an overview of the automated CPR devices market across the globe. In the other sections, the report covers the key trends, drivers and inhibitors from the supply and demand perspective. It also includes the market opportunities of the automated CPR devices market. Impact analysis of key growth drivers and inhibitors based on the weighted average model are included in the report to better equip and arm clients with crystal clear decision making insights.
To calculate the market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional split and market split by applications, end use and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented here assesses the total revenue of the automated CPR devices market. When developing the market forecast, the starting involves sizing the current market, which forms the basis for predicting how the market is anticipated to take shape in the near future. Given the characteristics of the market, we have triangulated the data via different analysis based on supply side, demand side and dynamics of related markets.
We have not only conducted forecasts in terms of CAGR, but have also analysed the global automated CPR devices market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the automated CPR devices market. Another key feature of this report is the analysis of the automated CPR devices market by regions and its revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global automated CPR devices market. Furthermore, to understand key segments in terms of their growth and performance in the global automated CPR devices market, Future Market Insights has developed a market attractiveness index to help providers identify real market opportunities.
By End User