Automated CPR Devices Market Value to Reach US$ 191.2 Mn by 2027
Verfasser: pradnya_86 on Thursday, 14 June 2018Future Market Insights (FMI) announces the release of its latest outlook titled,“Automated CPR Devices Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027)”. According to the report, the global automated CPR devices market was valued at US$ 60.0 Mn in 2016 and is anticipated to reach US$ 191.2 Mn by 2027, registering a compound annual growth rate (CAGR) of 11.3% throughout the 10 year forecast period.
Market Drivers and Restraints
The global automated CPR devices market is largely driven by a growing demand from emergency medical services and a rising need for technologically advanced EMS. An increasing public awareness of cardiac arrest and increasing training programmes is also positively influencing revenue growth of the automated CPR devices market. Also, increasing government funding and grants encouraging the use of automated CPR devices in order to improve survival rates of cardiac arrest victims coupled with a rapidly increasing geriatric population across the globe owing to the impact of reducing mortality rates and declining fertility rates has also widened the scope for automated CPR device manufacturers.