LONDON--(BUSINESS WIRE)--According to Technavio Research Report "Cardiopulmonary Resuscitation Devices Market by type (mechanical piston devices, active compression-decompression devices, load-distributing band devices, impedance threshold devices, and other devices), by compressor type (automatic CPR and manual CPR), and geographic regions (North America, Europe, Asia, and ROW), is witnessed to grow USD 75.06 million, at a CAGR of 11% from 2019 to 2023.
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Global cardiopulmonary resuscitation devices market: Technological advances in CPR devices market
The global CPR devices market has witnessed several technological advances over the last few years and is expected to witness more developments over the next five years. For instance, with the success of compression-only CPR, vendors have designed a pocket-friendly device that can be carried anywhere and can be used by laymen in case of emergency. This pocket-friendly device is designed in such a way that it can alert passersby or the nearest medical emergency center to provide emergency care. This technology is likely to be the future of first-aid and emergency care. Such technological advances are also expected to stimulate the CPR devices market growth during the forecast period.
“Apart from the technological advances in the CPR devices market, other factors such as the growing adoption of automated CPR devices and increasing healthcare expenditure in developing countries will have a significant impact on the growth of the cardiopulmonary resuscitation devices market size during the forecast period,” says a senior analyst at Technavio.
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Global cardiopulmonary resuscitation devices market: Segmentation analysis
This market research report segments the global cardiopulmonary resuscitation devices market by type (mechanical piston devices, active compression-decompression devices, load-distributing band devices, impedance threshold devices, and other devices), by compressor type (automatic CPR and manual CPR), and geographic regions (North America, Europe, Asia, and ROW).
The North American region led the cardiopulmonary resuscitation devices market in 2018, followed by Europe, Asia, and ROW respectively. The cardiopulmonary resuscitation devices market in North America was primarily led by the US, owing to factors such as the extensive healthcare insurance coverage, strong presence of established medical and healthcare infrastructure, growing aging population and the high adoption of technologically advanced products.
Global cardiopulmonary resuscitation devices market: Rising awareness about CPR devices and increasing government initiatives
The prevalence of Sudden Cardiac Death (SCD) has increased significantly over the last few years, owing to coronary artery disease, heart attack, and congenital and valvular heart disease. Therefore, the awareness about CPR devices and their benefits is increasing in many countries. This is mainly due to various initiatives taken by governments and private investors in many countries that emphasize the advantages of using CPR devices and minimize the treatment cost structure. Thus, rising awareness about CPR devices and increasing government initiatives are fueling the adoption of automated CPR devices, which will drive the growth of the global CPR devices market size during the forecast period.
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