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.

Comments

Post a Comment

Popular posts from this blog

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is...
Read more

Dairy Alternative Market Expected To Reach USD 26.01 Billion By 2023

Image
Dairy Alternative Market Market Overview: Dairy alternative products are gaining significant popularity due to their numerous advantages. These products are plant-based, making them suitable for individuals with lactose intolerance or those following a vegan diet. They offer similar nutritional benefits as traditional dairy products such as milk, cheese, and yogurt, while also addressing concerns related to animal welfare and environmental sustainability. The growing demand for dairy alternative products among health-conscious consumers is driving market growth. Market Key Trends: One key trend observed in the dairy alternative market is the increasing preference for plant-based milk substitutes. Plant-based milk alternatives such as almond milk, soy milk, and oat milk, among others, are gaining traction among consumers as a healthier and more sustainable option compared to traditional dairy milk. These plant-based milk alternatives offer various benefits such as being lactose-free, c...
Read more

Antimicrobial Additives Market Growth Accelerated By Rising Demand From End-Use Industries

Image
Antimicrobial Additives Market Antimicrobial additives are extensively used in a wide range of end-use industries such as healthcare, packaging, food and beverage, construction, and automotive. These additives help protect various materials from microorganisms such as bacteria, viruses, etc. Some key applications of antimicrobial additives include packaging of food, medical devices, fabrics, flooring, coatings, etc. The ongoing COVID-19 pandemic has further increased the importance of hygiene and sanitation, driving demand for antimicrobial materials from various sectors. The global Antimicrobial Additives Market is estimated to be valued at US$ 3.47 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers of the market's growth is the rising demand for antimicrobial additives from the packaging industry. Packaging manufacturers ...
Read more