Mechanical Chest Compression Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Mechanical chest compression devices provide high-quality external chest compressions, instead of a human rescuer. A number of Chest compression devices are available in market and these devices can be broadly categorized as load distributing or piston devices, on the basis of mechanism that is used to deliver compressions. The major practical advantage of using such a devices is their ability to constantly deliver high-quality chest compressions, which has been associated with improvement in intra-arrest hemodynamic profiles.
MARKET DYNAMICS
The Mechanical chest compression devices market is driving due to the increasing number of incidences such as heart diseases and respiratory illness; growing prevalence of lifestyle diseases; rising aging population, and increased accessibility to healthcare services. However, dearth for trained medical personnel and high cost of devices may hamper growth of the Mechanical chest compression devices market. Technological advancements in chest compression devices are expected to present lucrative opportunities in this market during the forecast period.
MARKET SCOPE
The Mechanical chest compression devices market analysis to 2028 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Mechanical chest compression devices market with detailed market segmentation by products and applications. The Mechanical chest compression devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Mechanical chest compression devices market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Mechanical chest compression devices market is segmented on the basis of products and end user. Based on products, the market is segmented as Pneumatic chest compression devices and Electrical chest compression devices. On the basis of end user market can be segmented as Hospital, Clinics, Ambulatory Surgical Centers, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Mechanical chest compression devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Mechanical chest compression devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Mechanical chest compression devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Mechanical chest compression devices market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Mechanical chest compression devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Mechanical chest compression devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Mechanical chest compression devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Mechanical chest compression devices market in these regions.
MARKET PLAYERS
The report covers key developments in the Mechanical chest compression devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Mechanical chest compression devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for Mechanical chest compression devices in the global market. Below mentioned is the list of few companies engaged in the Mechanical chest compression devices market.
The report also includes the profiles of key players in Mechanical chest compression devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Stryker Corporation
- ZOLL Medical Corporation
- Koninklijke Philips N.V
- Abbott
- GE Healthcare
- CPR Medical Devices, Inc.
- Resuscitation International
- Defibtech
- Cochrane
- SCHILLER
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Mechanical Chest Compression Devices Market - By Product
1.3.2 Mechanical Chest Compression Devices Market - By End User
1.3.3 Mechanical Chest Compression Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MECHANICAL CHEST COMPRESSION DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MECHANICAL CHEST COMPRESSION DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MECHANICAL CHEST COMPRESSION DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. MECHANICAL CHEST COMPRESSION DEVICES - GLOBAL MARKET OVERVIEW
6.2. MECHANICAL CHEST COMPRESSION DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MECHANICAL CHEST COMPRESSION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PNEUMATIC
7.3.1. Overview
7.3.2. Pneumatic Market Forecast and Analysis
7.4. ELECTRICAL
7.4.1. Overview
7.4.2. Electrical Market Forecast and Analysis
8. MECHANICAL CHEST COMPRESSION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. AMBULATORY SURGICAL CENTERS
8.5.1. Overview
8.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. MECHANICAL CHEST COMPRESSION DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Mechanical Chest Compression Devices Market Overview
9.1.2 North America Mechanical Chest Compression Devices Market Forecasts and Analysis
9.1.3 North America Mechanical Chest Compression Devices Market Forecasts and Analysis - By Product
9.1.4 North America Mechanical Chest Compression Devices Market Forecasts and Analysis - By End User
9.1.5 North America Mechanical Chest Compression Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Mechanical Chest Compression Devices Market
9.1.5.1.1 United States Mechanical Chest Compression Devices Market by Product
9.1.5.1.2 United States Mechanical Chest Compression Devices Market by End User
9.1.5.2 Canada Mechanical Chest Compression Devices Market
9.1.5.2.1 Canada Mechanical Chest Compression Devices Market by Product
9.1.5.2.2 Canada Mechanical Chest Compression Devices Market by End User
9.1.5.3 Mexico Mechanical Chest Compression Devices Market
9.1.5.3.1 Mexico Mechanical Chest Compression Devices Market by Product
9.1.5.3.2 Mexico Mechanical Chest Compression Devices Market by End User
9.2. EUROPE
9.2.1 Europe Mechanical Chest Compression Devices Market Overview
9.2.2 Europe Mechanical Chest Compression Devices Market Forecasts and Analysis
9.2.3 Europe Mechanical Chest Compression Devices Market Forecasts and Analysis - By Product
9.2.4 Europe Mechanical Chest Compression Devices Market Forecasts and Analysis - By End User
9.2.5 Europe Mechanical Chest Compression Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Mechanical Chest Compression Devices Market
9.2.5.1.1 Germany Mechanical Chest Compression Devices Market by Product
9.2.5.1.2 Germany Mechanical Chest Compression Devices Market by End User
9.2.5.2 France Mechanical Chest Compression Devices Market
9.2.5.2.1 France Mechanical Chest Compression Devices Market by Product
9.2.5.2.2 France Mechanical Chest Compression Devices Market by End User
9.2.5.3 Italy Mechanical Chest Compression Devices Market
9.2.5.3.1 Italy Mechanical Chest Compression Devices Market by Product
9.2.5.3.2 Italy Mechanical Chest Compression Devices Market by End User
9.2.5.4 Spain Mechanical Chest Compression Devices Market
9.2.5.4.1 Spain Mechanical Chest Compression Devices Market by Product
9.2.5.4.2 Spain Mechanical Chest Compression Devices Market by End User
9.2.5.5 United Kingdom Mechanical Chest Compression Devices Market
9.2.5.5.1 United Kingdom Mechanical Chest Compression Devices Market by Product
9.2.5.5.2 United Kingdom Mechanical Chest Compression Devices Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Mechanical Chest Compression Devices Market Overview
9.3.2 Asia-Pacific Mechanical Chest Compression Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Mechanical Chest Compression Devices Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Mechanical Chest Compression Devices Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Mechanical Chest Compression Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Mechanical Chest Compression Devices Market
9.3.5.1.1 Australia Mechanical Chest Compression Devices Market by Product
9.3.5.1.2 Australia Mechanical Chest Compression Devices Market by End User
9.3.5.2 China Mechanical Chest Compression Devices Market
9.3.5.2.1 China Mechanical Chest Compression Devices Market by Product
9.3.5.2.2 China Mechanical Chest Compression Devices Market by End User
9.3.5.3 India Mechanical Chest Compression Devices Market
9.3.5.3.1 India Mechanical Chest Compression Devices Market by Product
9.3.5.3.2 India Mechanical Chest Compression Devices Market by End User
9.3.5.4 Japan Mechanical Chest Compression Devices Market
9.3.5.4.1 Japan Mechanical Chest Compression Devices Market by Product
9.3.5.4.2 Japan Mechanical Chest Compression Devices Market by End User
9.3.5.5 South Korea Mechanical Chest Compression Devices Market
9.3.5.5.1 South Korea Mechanical Chest Compression Devices Market by Product
9.3.5.5.2 South Korea Mechanical Chest Compression Devices Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Mechanical Chest Compression Devices Market Overview
9.4.2 Middle East and Africa Mechanical Chest Compression Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Mechanical Chest Compression Devices Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Mechanical Chest Compression Devices Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Mechanical Chest Compression Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Mechanical Chest Compression Devices Market
9.4.5.1.1 South Africa Mechanical Chest Compression Devices Market by Product
9.4.5.1.2 South Africa Mechanical Chest Compression Devices Market by End User
9.4.5.2 Saudi Arabia Mechanical Chest Compression Devices Market
9.4.5.2.1 Saudi Arabia Mechanical Chest Compression Devices Market by Product
9.4.5.2.2 Saudi Arabia Mechanical Chest Compression Devices Market by End User
9.4.5.3 U.A.E Mechanical Chest Compression Devices Market
9.4.5.3.1 U.A.E Mechanical Chest Compression Devices Market by Product
9.4.5.3.2 U.A.E Mechanical Chest Compression Devices Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Mechanical Chest Compression Devices Market Overview
9.5.2 South and Central America Mechanical Chest Compression Devices Market Forecasts and Analysis
9.5.3 South and Central America Mechanical Chest Compression Devices Market Forecasts and Analysis - By Product
9.5.4 South and Central America Mechanical Chest Compression Devices Market Forecasts and Analysis - By End User
9.5.5 South and Central America Mechanical Chest Compression Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Mechanical Chest Compression Devices Market
9.5.5.1.1 Brazil Mechanical Chest Compression Devices Market by Product
9.5.5.1.2 Brazil Mechanical Chest Compression Devices Market by End User
9.5.5.2 Argentina Mechanical Chest Compression Devices Market
9.5.5.2.1 Argentina Mechanical Chest Compression Devices Market by Product
9.5.5.2.2 Argentina Mechanical Chest Compression Devices Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MECHANICAL CHEST COMPRESSION DEVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. MECHANICAL CHEST COMPRESSION DEVICES MARKET, KEY COMPANY PROFILES
12.1. STRYKER CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ZOLL MEDICAL CORPORATION
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. KONINKLIJKE PHILIPS N.V
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ABBOTT
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. GE HEALTHCARE
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. CPR MEDICAL DEVICES, INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. RESUSCITATION INTERNATIONAL
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. DEFIBTECH
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. COCHRANE
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SCHILLER
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Stryker Corporation
2. ZOLL Medical Corporation
3. Koninklijke Philips N.V
4. Abbott
5. GE Healthcare
6. CPR Medical Devices, Inc.
7. Resuscitation International
8. Defibtech
9. Cochrane
10. SCHILLER
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.