New York, NY, July 25, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report 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”. According to the report, the global CPR devices market was valued at around USD 64.99 million in 2017 and is expected to reach around USD 124.08 million by 2024, growing at a CAGR of 10.5 % between 2018 and 2024.
Automatic mechanical cardiopulmonary resuscitation devices perform uninterrupted high-quality CPR and increase survival odds. Being safe, noninvasive method of mechanical cardiopulmonary resuscitation their use has advanced in the emergency medical services thus expected to represent lucrative growth in the forecast period.
Browse through 90 Tables & 14 Figures spread over 110 Pages and in-depth TOC on "Global CPR Devices Market: By Type, Size, Share, Trends and Forecast, 2017 - 2024”.
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Increased frequency of cardiac arrests due to cardiovascular diseases and physical traumas are expected to augment the growth of CPR devices market over the years to come. The prevalence of lifestyle disease has been reported to be high in high–income countries, particularly due to a sedentary lifestyle. Thus, in turn, is expected to have a positive impact on the CPR devices market. However, lack of awareness and the high cost of devices may hinder the growth of this market. Technological advancements in CPR devices are expected to present lucrative opportunities to the leading players over the next few years.
Global CPR devices market is categorized based on device type, end-user, and region. Based on device type, the market can be segmented into mechanical piston device, impedance threshold device, load-distributing band CPR, active compression-decompression devices, thoracic abdominal compression-decompression CPR, invasive perfusion devices, and extracorporeal techniques. Mechanical CPR devices and load-distributing band CPR were the most commonly used devices and accounted maximum share in 2016.
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On the basis of the end user, the CPR devices market is segmented into ambulances, cardiac catheterization labs, coronary & intensive care units, EMT rescue units, air medevac units, pre-hospital, hospital, and others. Ambulance and hospital segments were the major end users accounting for the major revenue share in 2017. The pre-hospital and coronary & intensive care units were the fastest growing segments.
North America emerged as the largest market for CPR devices market and it accounted for a maximum share of total revenue generated in 2017. North America CPR devices market is expected to grow at a lucrative growth rate between 2018 and 2024. The dominance of North America is due to increased prevalence of lifestyle diseases and heart diseases. North America held a maximum share of total revenue generated in 2017. The intensity of out-of-hospital cardiac arrests incidences in the United States has increased since the last decade. The frequency of heart disease death is projected to increase in this region due to the shift toward a sedentary lifestyle, rising prevalence of obesity, and other chronic heart diseases. In addition, the presence of sophisticated medical infrastructure and advanced paramedical services has increased the demand for CPR devices in this region driving the growth of CPR devices market.
Browse the full "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
Europe is likely to be the second largest regional market and is expected to show strong growth in the years to come. Europe CPR devices market is driven by well established paramedical and emergency medical services. The region has well established medical infrastructure and emergency medical services are readily available. The U.K. represents the largest CPR device market in this region. Increased incidence of cardiac arrests is another major factor representing a lucrative growth in this region. According to the British Heart Foundation, there are around 7 million people living with heart and circulatory disease in the United Kingdom, where 3.4 million are men and 3.5 million women. In addition, the UK accounts more than 18,000 hospital visits each year due to heart attacks, the frequency of hospital visits are expected to outgrow in the coming future.
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The Asia Pacific was the fastest growing market and is expected to witness the fastest growth in the near future. India and China are dominating the CPR devices market in the Asia Pacific with the highest market share. The growth in this region is led by a growing geriatric population, increasing chronic diseases, and elevated utilization of medical devices in healthcare. Rising awareness regarding medical devices and key measures taken by government bodies in the adoption of monitoring devices and improvement of emergency paramedical services are the other key drivers for the market growth in the Asia Pacific. Developing healthcare infrastructure in Latin America and the Middle East & Africa CPR devices market is also expected to generate new opportunities in the forecast period. The Middle East & Africa is projected to witness experience significant growth in the CPR devices market during the forecast period.
Some of the major players operating in the market such as CPR Medical Devices, Inc., General Electric Company, Michigan Instruments, Koninklijke Philips N.V., Physio-Control, Inc., St. Jude Medical, Inc., and ZOLL Medical Corporation.
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This report segments the global CPR devices market as follows:
Global CPR Devices Market: Device Type Analysis
- 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
Global CPR Devices Market: End User Type Analysis
- Ambulances
- Coronary & Intensive Care Units
- Cardiac Catheterization Labs
- Organ Transplant Facilities
- Air Medevac Units
- EMT Rescue Units
- Hospital
- Pre-hospital
- Others
Global CPR Devices Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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