The Automated CPR Devices Market size is estimated to escalate at a healthy rate from 2024 to 2029.
CPR devices are medical devices that cause compressions to the chest of patients with sudden cardiac arrest to regain the oxygen and blood supply to the brain and heart. CPR is used in various medical emergencies, automated CPR devices are available in many facilities to provide quick treatment. The increasing adoption of automated CPR for emergency services is expected to drive the growth of the European automated CPR devices market during the forecast period. However, other factors, such as the increase in the number of heart attack incidences, rising lifestyle diseases, will impact the market growth. In the UK, there are over 30,500 out-of-hospital cardiac arrests (OHCAs) per year in non-clinical settings. Furthermore, the high death rate from CVS disease, the increasing aging of the population, and the increased accessibility to healthcare services will reinforce the market's growth.
The average survival rate after out-of-hospital cardiac arrest (OHCA) in the UK was 8-9% in 2019. The knowledge of automated CPR devices in hospitals and the general population in developed economies such as the UK, Germany, Denmark, etc. In addition, growing medical devices manufacturers are focusing on providing a variety of products in the current market to help the market grow during the crisis period.
Supportive policies such as EDMA, the British heart association, and the German cardiac society leading to automated CPR are expected to help the market grow. As a result, several fire departments and teaching education centers are adopting automated CPR devices in Europe. Additionally, several technological innovations are expected to reduce automated CPR devices' manufacturing and purchasing costs in the near future.
High training requirements to operate the automated CPR devices will hamper the growth of the European market. Extensive training is needed to use automated CPR machines effectively. Moreover, the high costs of automated CPR devices are negatively impacting the market. In addition, other factors associated with automated CPR machines and the adverse effects of some products on newborns due to sensitivity are expected to slow the growth of this market during the forecast period.
Europe is the most lucrative region for automated CPR devices market across the globe. The European market for automated CPR devices is expected to grow at a lucrative growth rate during the forecasted period. This market is driven by the growing number of technologically developed newer CPR products in the urban cities. Other factors helping raise the regional market revenues are the increasing geriatric population, the high incidences of heart and respiratory diseases, and government funds for awareness and prevention of heart attacks. The European region also has some of the largest medical devices distribution companies for automated CPR devices.
The United Kingdom and France are expected to dominate the European market during the forecast period, owing to the increased R&D expenditure in these regions and strong adoption of technologically advanced products. The researchers collected data in 2019 and found that the number of cardiac arrests outside hospitals skyrocketed to 1,890, an increase of 62% compared to 2018. Deaths from cardiac arrest also reached 1,500 cases, a 44% increase from the previous year.
The German automated CPR devices market is expected to grow at the highest CAGR during the forecast period. Factors such as growing unmet medical and healthcare needs, high patient population, and increasing R&D for medical devices will progress the market to new verticals. Moreover, the availability of highly experienced surgeons and favorable reimbursement policies are other factors helping the growth of the CPR market in Germany.
Zhuhai Kindway Medical Science & Technology Co., Ltd, ZOLL Medical Corporation, CPR Medical Devices, Inc., and Medtronic, Inc. are the key players in the European Automated CPR Devices market.
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