Global Cardiopulmonary Resuscitation Market was valued at USD 1,603.16 Million in 2019 and is expected to register a CAGR of 10.50% during the forecast period of 2020 to 2027.
Cardiopulmonary resuscitation (CPR) is a lifesaving technique useful in many emergencies, including a heart attack or near drowning, in which someone's breathing or heartbeat has stopped. During a cardiac arrest, due to an insufficient supply of blood, the heart stops beating. In such conditions, blood circulation vital to sustaining life can be provided by constantly compressing the heart through a physical force applied to the patient’s chest. This rescue technique is termed cardiopulmonary resuscitation (CPR), which is employed in emergencies or conditions to protect the patient from fatal myocardial infarction or brain damage.
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Global Cardiopulmonary Resuscitation Market is mainly driven by the increasing prevalence of heart and respiratory diseases, rising geriatric population, rise in government initiatives, increasing global incidence of cancer, and growing product approvals by major players. People worldwide are living longer. According to the World Health Organization, by 2050, the world’s population aged 60 years and older is expected to be 2 billion, up from 900 million in 2015. By 2050, there will be almost this many (120 million) living in China alone, and 434 million people in this age group worldwide. By 2050, 80% of all older people will live in low- and middle-income countries.
Segment Analysis
Global Cardiopulmonary Resuscitation Market has been divided based on Product Type, Compressor Type, Application, and End User.
The market, based on Product Type, has been segregated into piston CPR devices, load-distributing band (LDB), active compression-decompression (ACD) devices and impedance threshold device, extracorporeal techniques and invasive perfusion devices, and others.
Based on compressor type, the Global Cardiopulmonary Resuscitation Market is segmented into manual CPR and automatic mechanical CPR.
The global market, on the basis of application, has been segmented into emergency departments, coronary & intensive care units, organ transplant facilities, air medevac units, and EMT rescue units.
On the basis of end-user, the market is bifurcated into the hospital & clinic, cardiac catheterization laboratories, organ transplant unit, and others.
Regional Analysis
Global Cardiopulmonary Resuscitation Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is likely to hold the largest share of the global cardiopulmonary resuscitation market during the assessment period owing to the rise in the prevalence of lifestyle diseases and heart diseases. The Europe market is expected to register substantial growth in the market owing to the technological advancements, high disposable income, growing geriatric population, and favorable regulatory framework. Asia-Pacific is likely to hold the third-largest cardiopulmonary resuscitation market share. The market in the Middle East & Africa is expected to witness gradual growth owing to the increasing number of heart & respiratory diseases coupled with rapidly developing healthcare infrastructure.
MRFR recognizes the following companies as the Key Players in the Global Cardiopulmonary Resuscitation Market— Stryker, Nihon Kohden Corporation, ZOLL Medical Corporation, Koninklijke Philips N.V., Vyaire Medical, Inc., General Electric Company, CPR Medical Devices, Inc., Michigan Instruments, Corpuls, SCHILLER, and Medtronic.
Key Findings of the Study
- Global Cardiopulmonary Resuscitation Market was valued at USD 3 Million in 2019 and is expected to register a CAGR of 10.50% during the assessment period.
- The Americas accounted for the largest share of the global market due to the rise in the prevalence of lifestyle diseases and heart diseases.
- Based on product type, the piston CPR devices segment is expected to register the highest CAGR of 11.57% during the forecast period.
- Based on compressor type, the automatic mechanical CPR segment accounted for the largest market share at a value of USD 101.6 Million in 2019.
- Based on application, the EMT rescue units segment is expected to register the highest CAGR of 12.71% during the forecast period.
- Based on end user, the hospitals and clinic segment accounted for the largest market share at a value of USD 136.1 Million in 2027.
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