Emergency Medical Equipment Market Predicted to Grow at a Moderate Pace Through 2026
Emergency Medical Services (EMS) require specialized equipment to aid in the provision of emergency care. The rapid development of medical technology has transformed the international EMS systems with introduction of multifunctional compact monitoring systems. These equipment are making the task of monitoring patients manageable in an uncontrolled environment of pre-hospital settings.
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Increasing geriatric population prone to various medical emergencies such as cardiac arrest, respiratory disorders, and other medical urgency and rising incidences of natural calamities require advanced emergency medical care. According to American Heart Association 2016 report, cardiovascular disease is the leading cause of death worldwide, accounting for around 17.3 million deaths annually and is expected to reach over 23.6 million by 2030. According to GRID-Arendal, an official United Nations Environment Programme (UNEP) 2018, with the growing population and infrastructures, the world’s exposure to natural hazards is increasing inevitably. Therefore, all these factors are collectively rising the demand for emergency medical services eventually driving the emergency medical equipment market revenue.
Despite the increasing demand, the emergency medical services varies drastically from developed to developing countries. Low and middle-income countries lack comprehensive EMS that can be accessed throughout the country which can be a restraining factor for emergency medical equipment market growth. However, some of these countries are involving international industry players to explore untapped opportunities in emerging economies.
Increasing demand for emergency care is expected to drive the emergency medical equipment market growth
Increasing medical emergency cases due to rise in health problems such as heart attacks, breathing disorders, coupled with other elderly associated emergencies, and rising incidences of trauma injuries are the major factors driving the global emergency medical equipment market growth. Trauma injury is the leading cause of mortality and hospitalization worldwide.
Patients with multiple injuries are prevalent across the globe, increasing the complexity of trauma care and treatment, thereby demanding advanced emergency medical services. According to a NCBI report of 2017, demand for prehospital emergency services has increased intensely over the past 20 years. In England, emergency services demand has increased by 125%, from around 4 million calls in 1994 and 1995 to 9 million ambulance calls in 2014 and 2015. Similarly, in the U.S. Emergency Medical Services (EMS) transports have increased from 16,000,000 in 2006 to 28,004,624 in 2009.
Emergency Medical Equipment Market – Competitive Landscape
Key players operating in the global emergency medical equipment market include 3M, Abbott, Asahi Kasei Corporation, B. Braun Medical, BD, Cardinal Health, GE Healthcare, Henry Schein, Johnson & Johnson, Philips Healthcare, Smith & Nephew, and Stryker Corporation.
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- Global Emergency Medical Equipment Market, By Product Type:
- Diagnostic Medical Equipment
- Emergency Resuscitation Equipment
- Personal Protective Equipment
- Patient Handling Equipment
- Other Equipment
- Global Emergency Medical Equipment Market, By Application:
- Cardiac Care
- Cancer Care
- Respiratory Care
- Other Applications
Emergency Medical Equipment Market – Regional Insights
On the basis of region, the global Emergency Medical Equipment Market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the global emergency medical equipment market, owing to increasing government support and funding for emergency medical services.
Many different federal agencies are contributing through funding, programs, products, and technical assistance to local and state EMS systems. These agencies include the Federal Communications Commission (FCC), the Department of Health and Human Services (HHS), the Department of Transportation (DOT), and the Department of Homeland Security (DHS).
Moreover, trauma is a leading cause of death and disability in the U.S. According to the Centers for Disease Control and Prevention (CDC) 2014 report, for children and adults younger than age 45, trauma accounts for around 79,000 deaths annually, in comparison to 15,000 infectious disease and 49,000 non-communicable disease deaths.