Mobile Payments 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 


Automated CPR devices use a motorized mechanism to perform uninterrupted chest compressions at a consistent rate and depth as per the guidelines recommended by international standard guidelines. These devices provide lifesaving chest compressions uniformly and reliably in emergency situations, which enhances survival rates.

The global Automated CPR Devices Market 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.

Market key trends

The growing adoption of mobile payments has emerged as a major trend in the automated CPR devices market. Manufacturers are developing CPR devices that can be controlled remotely via smartphone apps. This allows Emergency Medical Technicians and bystanders to start chest compressions from a distance in emergency situations. The devices transfer critical cardiac arrest data to a smartphone in real time, enabling medical professionals to monitor the condition and quality of chest compressions being performed. The technology is expected to optimize response time during cardiac emergencies.

Segment Analysis

The global automated CPR devices market is dominated by piston chest compression systems sub-segment. These systems perform chest compressions by using a piston mechanism. Piston chest compression systems provide consistent, high-quality chest compressions to patients. These systems are also suitable for use in hospitals, emergency medical services, as well as for training purposes. This has resulted in increased adoption of piston chest compression systems accounting for over 60% of the total automated CPR devices market share.

Key Takeaways

The global Automated CPR Devices Market Size is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to increasing demand for easy-to-use resuscitation technology.

Regional analysis shows that North America dominates the global automated CPR devices market owing to the presence of key players and rising government funding for advanced emergency cardiac care devices. The Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period. Factors such as improving healthcare infrastructure, rise in medical tourism, and increasing need for resuscitation equipment are fueling market growth in the region.

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 the largest share of the market due to its strong foothold in the defibrillator devices segment. However, other players such as Stryker and Medtronic are expanding their product portfolios and focusing on emerging Asian markets to strengthen their positions in the automated CPR devices market.

Comments

Post a Comment

Popular posts from this blog

Global Fiber Reinforced Concrete Market Opportunity Analysis and Industry Forecast 2028

Image
  Fiber Reinforced Concrete Market A rise in commercial construction activity is anticipated to fuel the market as a result of the economy's improved state. The need for more office and storage space has been driven by the expansion of industries like food and consumer goods, which has had a large positive impact on the construction sector and the demand for paving slabs as long-lasting and attractive flooring. With the majority of the actors involved in the production and manufacture of the raw materials used in the production of paving slabs, product makers have a highly integrated supply chain. The majority of market participants also benefit from a robust direct distribution network that facilitates a seamless flow of products and enables them to build a broader customer base. Having a wide range of customizable products is important while making purchases. The global Fiber Reinforced Concrete Market was valued at US$ 2,330.40 Mn in 2020 and is forecast to reach a value of US$
Read more

Augmented Reality Is Fastest Growing Segment Fueling The Growth Of Air Defense Systems Market

Image
Air Defense Systems Market Market Overview: Air defense systems provides protection against cruise, tactical and strategic ballistic missiles, unmanned aerial vehicles, and aircraft. They consist of radar systems, interceptor missiles, command and control systems and fire control systems. Air defense systems help detect incoming enemy planes, and intercept missiles and other threats before they reach their targets using air-to-air, surface-to-air, and man-portable missiles. Market key trends: One of the major trends in the air defense systems market is the increasing adoption of augmented reality and artificial intelligence. Augmented reality offers 3D digital interfaces to air defense operators and commanders and overlays geographical data and combat intelligence information onto real-world combat scenarios. This enhances situation awareness, minimizes fatigue and improves decision-making. It is increasingly being incorporated into command and control systems, fire control radars and
Read more

The U.S. Sterile Injectables Market Witnessing Tremendous Growth Due to Rising Prevalence of Chronic Disease

Image
U.S. Sterile Injectables Market    Sterile Injectables are compounded medications with sterile components for intravenous administration. They are composed of small molecules, large molecules, and biologics. In 2018, the global sterile injectable market was valued at US$ 357 billion. During the forecast period, the market is expected to grow at a 7.3% CAGR. The market will likely be driven by the growing demand for these medications in developing countries. The U.S. sterile injectables market is expected to expand over the forecast period due to rising product launches are one of the key factors boosting the growth of this market. Many sterile products fail to meet regulatory requirements. Due to the risk involved, a sterile drug product must meet strict standards. Lack of quality assurance in the manufacturing process can result in low-quality medicines. To combat this risk, manufacturers highly trust CMOs to adhere to rigorous quality standards. Manufacturers of sterile injectables a
Read more