Los Angeles, September 19, 2022 (The Globe Newswire) – World emergency medical equipment market The volume reached $21,921 million in 2021 and is expected to generate a market size of $37,515 million by 2030 at a compound annual growth rate of 6.3% from 2022 to 2030.
Medical Emergency Equipment Market Report Key Highlights
- The global market value of emergency medical equipment was $21,921 million in 2021, growing at a compound annual growth rate of 6.3% from 2022 to 2030
- North America emergency medical equipment market will dominate over 40% market share in 2021
- According to the American Society for Trauma Surgery, more than 3.0 million nonfatal injuries occur in the United States each year, resulting in more than 150,000 deaths.
- According to the CDCP, nearly 14.5 million emergency department visits led to hospitalizations in the United States in 2017.
- Rising cases of COVID-19 and other chronic conditions are increasing the size of the emergency medical equipment market
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|Market||emergency medical equipment market|
|emergency medical equipment market Size 2021||$21.921 million USD|
|emergency medical equipment market 2030 forecast||37.515 million US dollars|
|emergency medical equipment market Compound annual growth rate during 2022 – 2030||6.3%|
|emergency medical equipment market Analysis period||2018 – 2030|
|emergency medical equipment market base year||2021|
|emergency medical equipment market forecast data||2022 – 2030|
|covered slices||By type, application, end user, and geography|
|emergency medical equipment market Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|An overview of the main companies||GE Healthcare, Asahi Kasei, Philips, Stryker, Cardinal Health, Smiths Medical, Becton Dickinson, B. Braun, Medtronic, 3M, Smith & Nephew, Johnson & Johnson.|
|Report coverage||Market trends, drivers, restraints, competitive analysis, player rating, regulations analysis|
Emergency Medical Services (EMS) is an essential component of the public health care system because it saves lives by providing emergency treatment. Global emergency medical services have improved technologically and made significant contributions to the overall operation of health care systems. The World Health Organization (WHO) considers EMS to be an essential component of any effective and usable healthcare system. Emergency medical equipment enables patient care during emergencies such as collisions and natural disasters, helps prevent loss of life, and reduces personal injury. These accessories range from simple stretchers to sophisticated equipment used in intensive care units as well as operating rooms.
The increasing need for emergency medical services with the growth of the elderly population, as well as the increasing incidence of chronic diseases such as cardiovascular disorders, diabetes and infectious diseases, is expected to drive the growth of the global emergency medical equipment market throughout the forecast period. Moreover, the increasing frequency of natural disasters like earthquakes, storms, etc., as well as the increasing frequency of trauma injuries, are driving demand for revenue of emergency medical equipment market.
Global emergency medical equipment market dynamics
The growing elderly population is vulnerable to a variety of medical emergencies, including respiratory disorders, cardiac arrest, and other medical emergencies. Moreover, the frequency of natural disasters requires sophisticated emergency medical treatment. Apart from that, due to the high consumption, emergency medical services differ greatly between developed and developing countries. Comprehensive emergency medical services (EMS) available nationwide are not available in low- and middle-income countries. This factor limits consumer spending in the emergency medical equipment market. However, some of these countries actively welcome major international companies to explore the untapped potential in developed markets.
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The global emergency medical equipment market has been segmented by Acumen Research and Consulting on the basis of type and application. By type, the market is segmented into wound care consumables, emergency resuscitation equipment, patient handling equipment, patient monitoring systems, infection control supplies, personal protective equipment, and others. By type, the emergency resuscitation equipment segment will gain the largest market share in the forecast time frame. This is due to the increase in the number of emergency visits, which increases the demand for emergency resuscitation equipment.
By application, the market is segmented into trauma care, cardiac care, respiratory care, and others. As per the emergency medical equipment market forecast, the respiratory care segment is expected to hold significant market shares in the coming years.
In terms of the end user, the market is further categorized into hospitals, ambulatory surgical centers, specialty clinics, and others. Through the end user, the hospital segment will contribute a dominant share in the emergency medical equipment market.
Regional Outlook for the Global Emergency Medical Equipment Market
The global emergency medical equipment market is segmented into five geographical regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. According to the emergency medical equipment industry analysis, North America has traditionally dominated the global market and will continue to do so in the coming years. A high percentage of trauma-related injuries, as well as reconstructive surgery, are performed each year in the United States. Moreover, the strong presence of major players, technological developments, and well-established hospital infrastructure are important factors contributing to the expansion of the North American regional market for emergency medical equipment.
On the other hand, the Asia Pacific region will witness a significant CAGR of the emergency medical equipment market. This is due to the aging population, increased exposure to emergencies, and increased government involvement. These factors contribute to the full potential of the emergency medical equipment market in the Asia Pacific region.
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Emergency medical equipment market players
Some of the notable emergency medical equipment market companies are GE Healthcare, Asahi Kasei, Philips, Stryker, Cardinal Health, Smiths Medical, Becton Dickinson, B. Braun, Medtronic, 3M, Smith & Nephew, and Johnson & Johnson.
- In April 2020, Prisma Health teamed up with Ethicon Inc. , a subsidiary of Johnson & Johnson Medical Devices Industries, manufactures and distributes the VESper Ventilator Growth Splitter, a ventilator expansion device. The new product is approved for emergency use only, allowing a single ventilator equipped with a ventilator to be used for two rescueable patients in need of respiratory support during the COVID-19 pandemic, unless personal ventilators are not available in the global market.
- In March 2020, GE Healthcare signed a partnership with Ford Motor Company to boost production of ventilators. The collaboration aims to provide doctors with biomedical devices to treat COVID-19, a respiratory disease caused by the novel coronavirus.
- In July 2019, Stryker signed a collaboration with the Royal College of Surgeons in Ireland (RCSI) to develop a connected health innovation platform. The Center of Excellence for Digital Product Services seeks to create technology services for use in emergency and specialized care in order to provide a seamless basic coordination of care for patients with critical medical emergencies.
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Mr. Richard Johnson
Acumen Research and Consulting