Blockchain Is Fastest Growing Segment Fueling The Growth Of Automated CPR Devices Market

https://www.coherentmarketinsights.com/market-insight/automated-cpr-devices-market-3865
Automated CPR Devices Market



Market Overview:

Automated CPR devices provide uninterrupted and consistent chest compressions to a patient experiencing sudden cardiac arrest. These devices are portable and easy to operate devices that perform automated chest compressions at a fixed rate and depth to circulate oxygenated blood.

Market key trends:
Adoption of blockchain technology is one of the major trends gaining significant traction in the automated CPR devices market. Blockchain enables secure and remote access of automated CPR device data and performance records. It prevents data tampering and facilitates monitoring of device usage and maintenance. This allows emergency medical service providers and hospitals to efficiently track device performance, utilization, and predict maintenance requirements. It is expected to streamline device management workflows and aid in developing performance-based reimbursement models.

The global Automated CPR Devices Market Growth is estimated to be valued at US$ 127.6 Mn in 2023 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis
The global automated CPR devices market is segmented into pneumatic driver, load distribution mechanism, piston, and back-plate. Among these, the piston segment holds the largest market share owing to its higher accuracy in compression delivery as compared to the pneumatic driver mechanism. The piston quickly and efficiently pushes on the chest without losing accuracy over time, making it the most widely used mechanism in automated CPR devices.

Key Takeaways
The global automated CPR devices market is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to the increasing incidence of target diseases such as cardiac arrest and sudden cardiac arrest.

Regional analysis
North America dominates the global automated CPR devices market owing to the rising geriatric population, growing incidence of target diseases, and well-established healthcare infrastructure in the region. However, Asia Pacific is expected to grow at the fastest rate during the forecast period due to rapidly developing healthcare systems and economic growth in major countries such as China and India.

Key players
Key players operating in the automated CPR devices market are ZOLL Medical Corporation, Stryker, Brunswick MedTech, Michigan Instruments, SunLife Sciences Pvt Ltd., CPR Medical Devices, Inc., Medtronic, Faith Group, Nihon Kohden Corporation, and SCHILLER Americas Inc. ZOLL Medical Corporation holds a significant share of the market due to its robust product portfolio and strong geographic presence across the globe.

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