Market Overview
The Global Cardiopulmonary Resuscitation Market is expected to register a CAGR of 10.50% during the forecast period of 2020 to 2027.
Market Dynamics
During the projected period, the worldwide CPR devices market is expected to rise at a rapid pace. The growing prevalence of heart and respiratory illnesses, expanding geriatric population, increased government initiatives, rising global incidence of cancer, and growing product approvals by major companies are all driving the Cardiopulmonary Resuscitation Market. People are living longer all around the planet.
The Cardiopulmonary Resuscitation Market Share is expanding due to growing public awareness of CPR systems and increased public initiatives. The expanding prevalence of coronary artery disease, heart attacks, and congenital and valvular heart problems has increased public awareness of CPR equipment. The adoption of automated CPR systems has occurred as a result of improving knowledge of survival methods during cardiac arrest. Governments and private investors sponsor campaigns to improve awareness about the advantages of CPR equipment. These programmes also aim to keep the cost of therapy as low as possible. The availability of reimbursement options also helps to increase acceptability of these systems. As a result of these reasons, the sector is expected to grow.
One of the greatest issues facing healthcare providers is the lack of qualified medical personnel who can perform CPR.
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Competitive Dynamics
The Prominent Players in the Cardiopulmonary Resuscitation Market are Stryker, Nihon Kohden Corporation, ZOLL Medical Corporation, Koninklijke Philips N.V., Vyaire Medical, Inc., General Electric Company, CPR Medical Devices, Inc., Michigan Instruments, Corpuls, SCHILLER, and Medtronic.
Segmental Analysis
The market for cardiopulmonary resuscitation has been segmented into four categories: product type, compressor type, application, and end user.
The Cardiopulmonary Resuscitation Market is divided into piston CPR devices, load-distributing band (LDB) devices, active compression-decompression (ACD) devices and impedance threshold devices, extracorporeal procedures and invasive perfusion devices, and others, based on product type. During the projected period, the piston CPR devices segment is expected to grow at the fastest rate of 11.57 percent.
The Cardiopulmonary Resuscitation Market is divided into manual CPR and automatic mechanical CPR based on compressor type. With a market value of USD 101.6 million in 2019, the automatic mechanical CPR category held a greater market share.
The Cardiopulmonary Resuscitation Market is divided into emergency departments, coronary and intensive care units, organ transplant facilities, air medevac units, and EMT rescue units, according to application. Because of the increased availability of a competent workforce around the world, the EMT rescue units category is predicted to grow at the fastest rate of 12.71 percent during the projection period.
The Cardiopulmonary Resuscitation Market is divided into hospitals and clinics, cardiac catheterization laboratories, organ transplant units, and others based on the end user. In 2027, the hospitals and clinics segment had the biggest market share, with USD 136.1 million. The rising awareness of numerous cardiovascular diseases and arrhythmias can be due to this substantial share.
Regional Overview
The Cardiopulmonary Resuscitation Market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa, based on region. Because of the rise in the prevalence of lifestyle disorders and heart diseases, the Americas are predicted to have the biggest market share.
Europe accounted for a sizable portion of the worldwide market. Technological developments, high disposable money, an increasing geriatric population, and a favourable regulatory environment can all be blamed for this.
Because of the growing senior population, rising chronic diseases, and increased use of medical devices in healthcare, Asia-Pacific is predicted to command the third-largest share of the global market. Other significant drivers of the market in Asia-Pacific include rising awareness about medical devices and key government initiatives such as the adoption of monitoring devices and the improvement of emergency paramedical services.
Due to the rising incidence of cardiac and respiratory disorders and fast improving healthcare infrastructure, the cardiopulmonary resuscitation market in the Middle East and Africa is predicted to rise steadily over the forecast period.
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