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At 6.1% of CAGR Emergency Medical Equipment Market Share Touch US$ 29.5 Billion by the End of 2026 | Key Players: 3M, Abbott, GE Healthcare, Johnson & Johnson, Philips Healthcare, and Stryker Corporation

October 19th, 2021 Coherent Market Insights Releases

Global Emergency Medical Equipment Market Analysis

Overview

EMS (Emergency Medical Services) is a critical component of the entire healthcare system since it saves lives by delivering rapid care. Global emergency medical services have evolved in terms of technology and now play a significant role in the overall operation of health-care systems. EMS systems, according to the World Health Organization (WHO), are an essential component of every successful and efficient health-care system.

Throughout medical crises such as crashes and natural disasters, emergency medical equipment aids in patient care, helps to avoid death and reduces personal harm. Basic stretchers to sophisticated equipment utilized in critical care units and theatres are all examples of this equipment.

High demand for emergency medical care, as well as increased incidence of chronic conditions such as cardiac diseases, hypertension, and contagious diseases, are projected to propel the global emergency medical equipment market forward over the forecast period. Furthermore, growing natural catastrophes such as earthquakes, floods, and other natural disasters, as well as an increase in the frequency of trauma injuries, are driving the global emergency medical equipment market.

The global emergency medical equipment market was worth US$ 17.8 billion in 2017, and it is anticipated to grow at a CAGR of 6.1 percent between 2018 and 2026.

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Drivers

The global emergency medical equipment market is being driven by an increase in medical crisis situations owing to an increase in health issues such as heart attacks, breathing difficulties, and other elderly-related crises, as well as an increase in the occurrences of trauma injuries. Trauma is the biggest cause of death and hospitalization in the globe.

Individuals with numerous injuries are becoming more common across the world, complicating trauma care and treatment and necessitating sophisticated emergency medical services. According to a 2017 report from the National Center for Biotechnology Information, demand for prehospital emergency care has risen dramatically over the last 20 years. Emergency service demand in England has grown by 125 percent, from about 4 million calls in 1994 and 1995 to 9 million in 2014 and 2015. Emergency Medical Services (EMS) transportation in the U.S. grew from 16,000,000 in 2006 to 28,004,624 in 2009.

Heat waves, natural catastrophes, and epidemics all have a significant impact on emergency treatment. The presence of well-equipped rescue services and ambulances to transport patients can help to prevent further harm, such as spinal cord injury, cardiac arrest, or even death. As per a research published by the Centre for Research on the Epidemiology of Disasters (CRED), 569.4 million people were impacted by natural disasters globally in 2016.

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Restraints

High pricing for emergency medical devices and pharmaceuticals, as well as the lack of adequate emergency services in low-income countries, is projected to limit the growth of the global emergency equipment market over the forecast period. According to a UNICEF estimate from 2009, more than 500,000 maternal fatalities occur each year, with 95 percent of these deaths occurring in low-income countries with limited access to emergency treatment.

Malaria causes 300 to 500 million acute episodes globally each year, resulting in about 1 million fatalities, as per a 2017 WHO estimate, with the majority of cases occurring in Sub-Saharan Africa. These deaths, as well as those caused by acute respiratory and diarrheal illnesses in children and non-communicable diseases including hypertension, diabetes, and cardiovascular problems, might be avoided with appropriate medical attention.

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Regional Analysis

Due to the increased government support and financing for emergency medical services, North America is anticipated to dominate the global emergency medical equipment market. Local and state EMS systems benefit from funds, programs, goods, and technical help from a variety of federal entities. Trauma is also a significant cause of mortality and disability in the United States. According to a 2014 estimate from the Centers for Illness Control and Prevention (CDC), trauma kills about 79,000 children and adults under the age of 45 each year, compared to 15,000 infectious disease fatalities and 49,000 non-communicable illness fatalities.

Due to rising demand for emergency medical services, Europe is anticipated to be the second biggest revenue contributor to the emergency medical equipment market. As per a 2013 NCBI research, the need for urgent care centers located in the U.K. rose by 46% from 2006 to 2013.

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Competitive Landscape

Major companies contributing in the global emergency medical equipment market are GE Healthcare, Cardinal Health, B. Braun Medical, Asahi Kasei Corporation, 3M, Stryker Corporation, Abbott, Smith & Nephew, Philips Healthcare, Johnson & Johnson, and Henry Schein.

Companies are concentrating their efforts on developing more sophisticated products to meet the ever-increasing demand for emergency medical equipment. Lumify, a smart device ultrasound solution, was released in the U.S. by Royal Philips in 2015. It is a new ultrasonic digital health strategy that links off-the-shelf compatible smart equipment, a mobile app, and integrated IT and support services to assist health care providers.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Technological Advancements
    • Regulatory Scenario
    • PORTER’S Five Forces
    • PEST Analysis
  4. Global Emergency Medical Equipment Market, By Product Type, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Diagnostic Medical Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Emergency Resuscitation Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Personal Protective Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Patient Handling Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Other Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global Emergency Medical Equipment Market, By Application, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Cardiac Care
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Cancer Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Respiratory Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Trauma
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Other Applications
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Emergency Medical Equipment Market, By Region, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2016 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Northern Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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