AUTOMATED CPR DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Global Automated CPR devices market– Driver

Increasing prevalence of cardiovascular disease (CVD)

Increasing incidence of cardiovascular diseases leads to the use of automated CPR devices is expected to boost growth of the global automated CPR devices market over the forecast period. For instance, in June 2021, according to the World Health Organization, an estimated 17.9 million people died from CVDs in 2020, representing 32% of all global deaths. Of these deaths, 85% were due to heart attack and stroke. Over three quarters of CVD deaths take place in low and middle income countries such as Bangladesh, Afghanistan etc. Out of the 17 million premature deaths (under the age of 70) due to non-communicable diseases in 2020, 38% were caused by CVDs.

Innovation to the existing products

Certain factors such as innovation to the existing products of CPR, tended to drive the global automated CPR devices over the forecast period. For instance, in March 2021, NHS Tayside-a Health Board, InnoScot Health, a healthcare company, collaborated to design and develop the device SARUS-CPR hood that is set to revolutionise the resuscitation process for first responders. SARUS-CPR hood has been adopted into clinical practice by NHS Tayside following its development in response to the COVID-19 pandemic.

• High costs of automated CPR devices

Global Automated CPR Devices Market: Restraint

High costs of automated CPR devices

High costs of automated CPR devices is slated to hinder market expansion. Due to the high cost of the automated CPR devices, it produces high chances of shifting from automated CPR devices to manual CPR devices leads to less efficacy as compared to automated CPR devices, which indirectly hinder the growth of the global automated CPR devices market. So, to avoid the high cost of the CPR, pneumatic and nonpneumatic circumferential chest compression, and minimally invasive cardiac massage these alternative techniques cane be employed. For instance, in December 2022, according to an article published by the Medwish.com, an online medical market that helps provide its customers with various medical devices and machines to facilitate the healthcare infrastructure, an average cost of an automated CPR device is US$ 10,000. Additional expenses are also required on replacement/disposable parts of CPR devices such as life band.