Cardiopulmonary resuscitation is also known as the CPR which is combination of techniques including chest compressions. CPR is designed to pump the heart to get blood circulating and deliver oxygen to the brain until definitive treatment can stimulate the heart to start working again. A heart attack happens when part of the heart is starving of oxygen. A heart attack can ‘upset’ the heart and interrupt its rhythm and ability to pump. This is because the heart does not receive enough oxygen and cannot pump blood around the body.
There is no heartbeat because the heart is not working. The medical term for a heart attack is an acute myocardial infarction (AMI). The blood stops circulating, the brain is starved of oxygen and the person quickly becomes unconscious and stops breathing. Without treatment, the person will die therefore the market seems to be growing for the devices in coming future.
The Global Cardiopulmonary Resuscitation Market is rising with a swift pace; mainly owing to increase in patient population. According to report published by the World Health Organization (WHO), in 2015, cardiovascular diseases are one of the leading causes of death globally and around 82% of 17 million premature deaths owing to noncommunicable diseases are in low- and middle-income countries, and 37% are caused by CVDs.
Companies are continually inventing new products to capture the market globally. Thus, major players such as a Cardiac Science Corporation, CPR Medical Devices, Inc., General Electric Company, and Koninklijke Philips N.V. among others involve in research and development activity, in order to lead the global market and introduce better treatment. In this regards, in May 2017, GE Healthcare announced that Dr. Reddy’s Laboratories Limited will install India’s first-ever FlexFactory, a single-use manufacturing platform to expand the biologic production capacity at its facility in Hyderabad, India. This move help company to strengthening the position in the global biosimilars market.
Companies are investing more into research and development in order to develop a strong portfolio, which help them to lead the global market. For instance, Cardiac Science Corporation has vast portfolio such as Powerheart AED which is used for the SCA patients, PAD program for the patients, and the company also develop an impressive CPR device that is easy for rescuers to use regardless of experience level.
Also company involves in social activity in order to increase their presence around the globe and create the brand value. In this regards, Koninklijke Philips N.V. achieved the Guinness world record for the largest CPR training in the Netherlands.
Global Cardiopulmonary Resuscitation Market – Segments
The segmentation for the global cardiopulmonary resuscitation market is done on the basis of the product type, use and compressor type. The on the basis of the product type market is segmented as Piston, ACD (Active compression decompression), LDB (Load distributing band), ITD (Impedance threshold device), Phased thoracic-abdominal compression decompression device and Extracoporeal techniques and Perfusion Devices. On the basis of the use the market is segmented into ambulance, hospitals, clinics, cardiac catheterization laboratories, Organ transplant units. On the basis of the compression type the market is segmented into automatic CPR and manual CPR. Further the automatic CPR devices are sub segmented into mechanically actuated & battery operated, fully battery operated and pneumatic operated.
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Global Cardiopulmonary Resuscitation Market – Key Players
Some of the players operating for the Global Cardiopulmonary Resuscitation are Cardiac Science Corporation (U.S.), CPR Medical Devices, Inc. (Canada), General Electric Company (U.S.), Michigan Instruments (U.S.), Koninklijke Philips N.V. (Netherlands), Physio-Control, Inc. (U.S.), St. Jude Medical, Inc. (U.S.), and ZOLL Medical Corporation (which is a part of Asahi Kasei Corporation (Japan).
Global Cardiopulmonary Resuscitation Market – Regional Analysis
The market of the cardiopulmonary resuscitation is much higher in the Americas region due to well develop technology and increasing population of affected with cardiac related diseases. According to report published by Centers for Disease Control and Prevention in 2017, around 610,000 people die due to heart disease every year in United States. Additionally, report suggest that around 735,000 Americans have heart attack every year out of which 525,000 are a first heart attack and 210,000 happen in people who have already had a heart attack. Also Major players in this market have their focus to capture the huge share of emerging markets such as India and China.
Europe is also considering the huge cardiopulmonary resuscitation market, owing to government support for research & development and availability of funds for research. Additionally, Government is more focused to educate their public in order to minimize the patient population.
Asia Pacific and the Middle East and Africa region are considering the big market. Whereas country like India and china of Asia Pacific region are considering fastest growing region due to the presence of rapidly huge patient population, and high healthcare expenditure. Additionally, countries from this region looking forward to adopt advanced technology and treatment from developed nation in order to improve the quality of life for their citizen. Whereas the Middle East and Africa are the low market due to his incapability of investment.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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