Global CPR Training Manikins Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global CPR Training Manikins Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A manikin is an anatomically correct human-shaped model that is used to help simulate emergency training scenarios. CPR Training Manikins has realistic oral, nasal and airway passages, as well as a lifelike sternum and ribcage for chest compressions. CPR Training Manikins is a real-life way to learn and practice CPR.

Market Overview:

The latest research study on the global CPR Training Manikins market finds that the global CPR Training Manikins market reached a value of USD 107.13 million in 2022. It’s expected that the market will achieve USD 156.6 million by 2028, exhibiting a CAGR of 6.53% during the forecast period.

The production cost of enterprises increases

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

The industrial chain is affected

The COVID-19 outbreak has disrupted business and economic activity around the world. Production and manufacturing have been severely affected as several countries around the world have announced nationwide lockdowns and temporary shutdowns of various industries. The suspension of production not only exacerbates the capital shortage of smes, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties or even go bankrupt. The epidemic has severely affected logistics and raw material transportation. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers further affect the gap between supply and demand. At the same time, the market landscape will be updated, with more resilient companies likely to gain market share.

The growing popularity of CPR training and the advancement of technology

Advances in technology used in the development of CPR Training Manikins and the growing popularity of training and awareness programs for out-of-hospital cardiac arrest and CPR are among the factors driving the market growth.
With the development of technology and the Internet, the emergence of AR, 5G, etc., the application of these technologies to CPR training and performance has further promoted the market development. AR applications will be able to measure compression distance and compression ratio from video captured by the device, project real-time feedback from CPR technology, and even alert EMS that they need help. Rescuers themselves can use these devices to monitor patients, verify medical procedures and interventions (such as correct medication dosing), and get help and advice from remote personnel. Growing demand for innovative CPR Training Manikins is expected to provide growth opportunities for companies operating in the global CPR Training Manikins market.

Reality and Cost of CPR Training Manikins

Issues related to the authenticity of CPR Training Manikins are likely to hinder the growth of the CPR Training Manikins market over the forecast period.
CPR in cardiac arrest patients requires high-quality CPR to increase the chance of survival. Training is required to achieve high-quality CPR. High-fidelity simulations are one of the methods used by healthcare providers trying to improve their knowledge and skills related to CPR and have demonstrated improved learning outcomes. High-fidelity based simulations allow healthcare providers to experience uncommon and critical situations in a safe environment. However, the main disadvantage of learning via high-fidelity simulations is the substantial cost involved. The CPR Training Manikins products required for high-fidelity simulation are relatively high-end, so in the process of production and manufacturing, the corresponding cost will be higher than that of ordinary products, so the sales price is also the same. The higher the authenticity of CPR Training Manikins products, the better the training effect of CPR skills will be, but at the same time, the cost is also an issue that consumers have to consider. So it's a challenge for manufacturers.

Challenges posed by fluctuations in raw material prices

For manufacturing companies, volatility and instability in global raw material markets have broad implications. From rising energy costs to unexpected fluctuations in raw material prices, unforeseen difficulties are severely impacting the stability of supply chains and making it difficult for manufacturers to remain profitable. For fluctuations in raw material prices, manufacturers either bear the increased costs themselves and seek new ways to reduce expenses, or pass the price increases on to consumers or downstream markets. All these approaches have certain risks. Thus, the price fluctuation of raw materials affects the development of the industry.

Region Overview:

Geographically, North America held the largest market share – 36.43% in 2022.

Company Overview:

Laerdal Medical is one of the major players operating in the CPR Training Manikins market, holding a share of 14.62% in 2023.

Laerdal Medical

Laerdal is a company that develops products and programs for healthcare providers, voluntary organizations, educational institutions, hospitals, and the military worldwide.

Nasco

Guided by a strong tradition in education, hand-crafted impressions of wounds, sturdy mannequins for crisis training and advanced patient simulations based on real life, Nasco has made medical simulation possible and accessible to all.

Segmentation Overview:

As for product types, the With Electronic Console segment held the largest market share in 2022.

Application Overview:

In the CPR Training Manikins market, 37.93% of the total value was generated through the Hospital segment by application in 2022.

Key Companies in the global CPR Training Manikins market covered in Chapter 3:

Ambu
Prestan
YUAN TECHNOLOGY LIMITED
Nasco
Gaumard
Innosonian Inc.
Laerdal Medical
Trucorp
KOKEN
Xincheng Scientific Industries Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the CPR Training Manikins market from 2018 to 2029 is primarily split into:

With Electronic Console
With Defibrillator
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the CPR Training Manikins market from 2018 to 2029 covers:

Schools
Hospital
Training Institutions
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)