June 17, 2024
Automated CPR Devices Market

Global Automated CPR Devices Market Driven by Increasing Incidences of Cardiac Arrests

Automated cardiopulmonary resuscitation (CPR) devices are portable mechanical devices that perform chest compressions to resuscitate victims suffering from cardiac arrests. These devices are equipped to provide chest compressions via an automatic piston-driven mechanism at a consistent depth, rate, and recoil. They are designed to enable bystanders with minimal or no training to perform effective CPR, which is crucial for increasing a patient’s chances of survival. Automated CPR devices eliminate human error and allow consistent delivery of high-quality chest compressions even in ambulances. The global demand for such devices is rising with the increasing incidences of cardiac arrests due to various factors such as sedentary lifestyle and unhealthy dietary habits.

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 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the Global Automated CPR Devices Market Size is the introduction of portable and compact devices. Manufacturers are focusing on developing devices that can be easily transported to the site of a cardiac arrest. For instance, companies are coming up with battery-powered devices that can be mounted on walls or installed in vehicles. Such devices ensure effective CPR can be administered anywhere and help save precious time. Another important trend is the integration of sensors and feedback systems in automated CPR devices. Advanced devices are being launched with features like metronome, accelerometer, ECG analysis, and feedback display. These technologies ensure high-quality chest compressions and chest release are provided according to the latest resuscitation guidelines.

Porter’s Analysis

Threat of new entrants: Low. High capital costs and regulatory requirements pose barriers to entry.

Bargaining power of buyers: Moderate. Buyers have some choice between alternative products but often choose based on brand loyalty and recommendations from medical professionals.

Bargaining power of suppliers: Low. Market has several component and device suppliers so no single supplier has significant influence.

Threat of new substitutes: Low. No close substitutes exist for automated CPR devices currently used in emergency medical response.

Competitive rivalry: High. Major industry players compete on product innovations, quality, and pricing.

Key Takeaways

The global automated CPR devices market is expected to witness high growth over the forecast period. 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 6.8% over the forecast period 2023 to 2030.

Regional analysis: North America holds the largest share of the automated CPR devices market due to favorable reimbursement scenarios and ongoing product innovations. The Asia Pacific region is expected to grow at the fastest pace during the forecast period owing to rising healthcare investments and increasing incidence of cardiac arrests.

Key players: Key players operating in the automated CPR devices market are Navage, Inc., Xlear, Inc., NeilMed Pharmaceuticals, Inc., Church & Dwight Co., Inc., and Prestige Consumer Healthcare Inc. Navage, Inc. offers Nasal Dilator which is a battery-powered nasal dilator.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it