Ambulance equipment is a sort of medical equipment that is used to assist patients during medical emergencies such as accidents and procedures, thereby reducing personal injury and preventing death. Advances in healthcare technology, along with a growing patient preference for a faster and more efficient form of delivery, have resulted in a rapid expansion of efficient and on-time treatment delivery via ambulance equipment and services.
The growing number of ambulance services, which may be used directly by patients or by hospitals and other organisations, is driving the ambulance equipment industry growth. According to a report published in a U.S. daily newspaper, roughly 17.3 million emergency patient transports happened worldwide in 2012. As a result, an increase in the number of emergency situations is likely to propel the ambulance equipment market forward over the forecast period.
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The global ambulance equipment market was valued at US$ 4,315.4 million in 2017, and is expected to witness a CAGR of 3.3% over the forecast period (2018 – 2026).
Increasing number of accidents and growing geriatric population are expected to drive growth of the ambulance equipment market
Increased incidence of bone fractures, fall-related trauma, and other injuries are driving up need for medical intervention (orthopaedics), which in turn is boosting demand for ambulance equipment. According to the National Institute of Health, adolescent athletes’ knees are the most commonly injured joint, with an estimated 2.5 million sports-related injuries presenting to emergency departments in 2012.
In addition, an increasing geriatric population in various parts of the world, as well as a high prevalence of heart disease, are projected to drive demand for ambulance equipment in the near future. According to data published in the Journal of the Formosan Medical Association in November 2016, half of Asia’s population is geriatric, and this demographic is expanding at a quicker rate, potentially increasing demand for ambulance services in Asia.
Ambulance Equipment Market- Regional Analysis
Coherent Market Insights divides the global ambulance equipment market into five regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Because of cost-cutting offers that eliminate hospital stays in the region, as well as the movement of the ageing population to outpatient care, North America is likely to hold a prominent position in the global ambulatory services market. For example, the partnership of Tenet Healthcare and United Surgical Partners International (USPI) in 2015 resulted in undertaking 20 imaging centers, 265 short-day surgical facilities with 4000 physicians.
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Moreover, according to 2017 estimates from the National Center for Health Statistics, the number of outpatient surgery visits in the United States increased from 20.8 million to 34.7 million visits between 2006 and 2016, thereby meeting the growing demand for ambulance services, which necessitates ambulance equipment.
Due to escalating healthcare challenges, such as the increased incidence of chronic diseases, and government initiatives to implement outpatient measures, Asia Pacific is predicted to grow rapidly throughout the projection period. For example, China and Japan have launched a number of smartphone apps that provide medical information as well as the ability to make outpatient visits quickly.
Ambulance Equipment Market- Competitive Landscape
Manufacturers are working on proactive maintenance, responsiveness, agility, enhanced equipment availability, cost-effective service, and life cycle savings to provide innovative goods and value. For example, GE Healthcare offers AirStrip ONE mobile platform, which provides an integrated view of patient information from multiple data sources into a single user interface on iOS and Android platforms, thus enables clinicians to receive a complete picture of a patient’s health at the moment of care, from anywhere. Utilization of such kind of devices in ambulances may help to rescue people during medical emergencies and in turn, boost market growth.
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Furthermore, many manufacturers’ use of organic and inorganic growth strategies which is uplifting the ambulance equipment market forward. Stryker Corporation, for example, plans to buy Physio-Control International, a supplier of vital-sign monitors and defibrillators, for US$ 1.28 billion in 2016.
Stryker’s emergency medical services solutions, which include ambulance cots and cot equipment, stair chairs, and healthcare-facility evacuation equipment, are likely to be supplemented by Physio-Control International, Inc.’s defibrillator and cardiac resuscitation-assist devices. As a result, the ambulance equipment market is likely to develop in the near future.
Key players operating in the ambulance equipment market include 3M, BLS Systems, Ltd., Medtronic Plc, GE Healthcare, Stryker Corporation, Allied healthcare products, Inc., Dragerwerk AG & Co. KGaA., Ambu A/S, Emergency Medical International, First Care Products, Ltd., and Emergency Medical Products, Inc.
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Main points in Ambulance Equipment Market Report Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Ambulance Equipment Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Ambulance Equipment Industry Impact
Chapter 2 Global Ambulance Equipment Competition by Types, Applications, and Top Regions and Countries
2.1 Global Ambulance Equipment (Volume and Value) by Type
2.3 Global Ambulance Equipment (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Ambulance Equipment Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Ambulance Equipment Market Analysis
Chapter 6 East Asia Ambulance Equipment Market Analysis
Chapter 7 Europe Ambulance Equipment Market Analysis
Chapter 8 South Asia Ambulance Equipment Market Analysis
Chapter 9 Southeast Asia Ambulance Equipment Market Analysis
Chapter 10 Middle East Ambulance Equipment Market Analysis
Chapter 11 Africa Ambulance Equipment Market Analysis
Chapter 12 Oceania Ambulance Equipment Market Analysis
Chapter 13 South America Ambulance Equipment Market Analysis
Chapter 14 Company Profiles and Key Figures in Ambulance Equipment Business
Chapter 15 Global Ambulance Equipment Market Forecast (2021-2027)
Chapter 16 Conclusions
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