Overview:
Cardiopulmonary resuscitation is a technique which employs artificial ventilation and chest compression in order to maintain oxygenation and circulation flow in event of cardiac arrest. Over 90% of cardiac arrest patients die before reaching the hospital, lives can be saved if more and more individuals are trained with CPR capabilities. The major factorial entities supporting the growth in demand for CPR equipment and supplies market are rise in aging population, wide prevalence of lifestyle disease, access to healthcare services and government intervention. Due to better health awareness and technological advancement in conventional medication the average life expectancy has improved which in turn has consequently led to an increase in the aging population in both the developed and developing nations.Wide prevalence of lifestyle disorders like cardiovascular disease and respiratory illness will have a positive impact on the positive growth of the CPR equipment and supplies market. Healthcare insurance companies have made it possible for ailing patients to access to better healthcare services. Government agencies are investing to provide better emergency services at the healthcare centers and also with ambulatory services like Air medevac units, EMT rescue units etc. However, challenges in this scenario would be the limited number of trained healthcare professionals with the proficiency to use CPR techniques.The patients located in the remote areas cannot get access to CPR services. Restraints regarding the CPR equipment and supplies market are ambiguous reimbursement, injury prone technique and increased complexity of the equipment. Ambiguous reimbursement policies cause services discrimination in the cost coverage for the diseases requiring emergency services is the biggest hurdle for the expenditure in the healthcare domain. The cardiopulmonary resuscitation technique has been found to be injury prone as during the chest compression there are incidences of bruising and fracture of sternum and ribs in the geriatric patients and ventilation leading to pulmonary complication.
In North America and Europe there is wide prevalence of lifestyle diseases like cardiovascular and pulmonary disease, as the disease awareness is high the patients get the CPR treatment, the pitfall being high degree of competition by major players which urges need for path breaking innovation in design and application of CPR supplies and equipment market . Asia-Pacific and Middle East and Africa are potential market due to high prevalence of lifestyle diseases and less disease awareness.The untapped market in the remote areas can be captured.
The complexity in the manufacture and design of the equipment has made it difficult for the healthcare professionals to utilize it. Manufacturers like Zoll Medical Corporation, and Laerdal Medical Corp. have extensive knowledge base library, which is helpful in treating related experiences during medical emergency situations. CPR manikins and AED units are simulated to train healthcare professional the manufactures involved are AMBU, Philips etc. The latest trends in the CPR technique are extracorporeal cardiopulmonary resuscitation and invasive perfusion devices are employed for better results.
The global CPR equipment and supplies market is segmented on the following bases:
Key players identified for global CPR equipment and supplies market include:
The major players involved in global CPR equipment and supplies market are Zoll Medical Corporation, Laerdal Medical Corp., MCR Medical Supply, Inc. Bound Tree Medical, Physio-control, Numask, Inc. Headstar Medical Products Co. Ltd., Rapid Response Solutions, Prestan, QuadMed, Inc., WNL safety, Philips, NASCO, AMBU, CPR RsQ Assist, Inc.
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