27-Nov-2018 | Zion Market Research
With the presence of a large pool of participants, the global CPR devices market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). CPR Medical Devices, Inc., General Electric Company, Michigan Instruments, Koninklijke Philips N.V., Physio-Control, Inc., St. Jude Medical, Inc., and ZOLL Medical Corporation are some of the key vendors of CPR devices across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the CPR devices market study.
This review is based on a report by Zion Market Research, titled “CPR Devices Market by Device Type (Mechanical Piston Device, Active Compression-Decompression (ACD) Devices, Impedance Threshold Device, Load-Distributing Band CPR or Vest CPR, Phased Thoracic-Abdominal Compression-Decompression CPR With a Hand-Held Device, Extracorporeal Techniques, and Invasive Perfusion Devices), By End-user (Ambulances, Coronary & Intensive Care Units, Cardiac Catheterization Labs, Organ Transplant Facilities, Air Medevac Units, EMT Rescue Units, Hospital, Pre-hospital, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024.”- Report at https://www.zionmarketresearch.com/report/cpr-devices-market
Citing an instance, in October 2018, UH Geauga center also referred as University Hospitals Geauga Medical Center donated two automated CPR machines to Auburn Fire Department.
As estimated in this report, the global CPR devices market stood at US$ 64.99 million in 2017. Witnessing a tremendous rise during the period from 2018 to 2024, the revenue in this CPR devices market is expected to reach US$ 124.08 million by the end of the forecast period. The main products available in this CPR devices market are Mechanical Piston Device, Active Compression-Decompression (ACD) Devices, Impedance Threshold Device, Load-Distributing Band CPR or Vest CPR, Phased Thoracic-Abdominal Compression-Decompression CPR with a Hand-Held Device, Extracorporeal Techniques, and Invasive Perfusion Devices. Among them, the demand for mechanical piston device and load-distributing band CPR is relatively higher and the trend is anticipated to remain so over the next few years, notes the CPR devices market research report.
Rise In Cardiac Arrests Occurrence To Boost CPR Devices Market Growth
“Increased frequency of cardiac arrests as a result of cardiovascular diseases and physical traumas are expected to augment the growth of CPR devices market over the years to come,” says the author of this CPR devices market study. Apart from this, the massive occurrence of lifestyle-related ailments witnessed in the high-income countries as a result of inactive lifestyle is anticipated to contribute tremendously towards CPR devices market revenue.
Low awareness along with high device costs, however, are likely to impede the growth of CPR devices market in the years ahead. Nevertheless, the technological breakthroughs taking place in CPR devices, however, are anticipated to generate lucrative avenues for CPR devices market in the coming years. This, in turn, will hinder the growth of CPR devices market in the near future.
Presence of Advanced Healthcare Facilities To Aid Regional Dominance
Regionally, North America has been leading the worldwide CPR devices market and is anticipated to continue on the dominant position in the years to come, states the CPR devices market study. The presence of a well-established medical and healthcare facilities and skilled healthcare professionals is the main factor behind the dominance of the North America CPR devices market. The high number of market players being headquartered in North America is another significant factor that is supporting the growth of this regional CPR devices market.
The global CPR Devices market is segmented as follows:
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