The size of the emergency medical equipment market is expected to be expected

LOS ANGELIS, September 19, 2022 (GLOBE NEWSWIRE) – The Global Emergency Medical Equipment Market The size represented $ 21,921 million in 2021 and is estimated to reach a market size of $ 37,515 million by 2030, growing at a CAGR of 6.3% from 2022 to 2030.

Highlights of the Emergency Medical Equipment Market Report

  • The value of the global emergency medical equipment market was worth $ 21,921 million in 2021, with a CAGR of 6.3% from 2022 to 2030
  • The North American emergency medical equipment market dominates with more than 40% market share in 2021
  • According to the American Association for the Surgery of Trauma, over 3.0 million non-fatal injuries occur annually in the United States, resulting in over 150,000 deaths.
  • According to the CDCP, nearly 14.5 million emergency room visits led to hospital admissions in the United States in 2017
  • Rising incidence of COVID-19 situations and other chronic conditions is driving the size of the emergency medical equipment market

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Report coverage:

Market Emergency Medical Equipment Market
Emergency Medical Equipment Market Size 2021 21.921 million dollars
Emergency Medical Equipment Market 2030 forecast 37,515 million dollars
Emergency Medical Equipment Market CAGR In the period 2022 – 2030 6.3%
Emergency Medical Equipment Market Analysis period 2018 – 2030
Emergency Medical Equipment Market Reference year 2021
Emergency Medical Equipment Market Forecast data 2022 – 2030
Segments covered By type, by application, by end user and by geographic area
Emergency Medical Equipment Market Regional scope North America, Europe, Asia Pacific, Latin America and the Middle East and Africa
Key profiled companies GE Healthcare, Asahi Kasei, Philips, Stryker, Cardinal Health, Smiths Medical, Becton Dickinson, B. Braun, Medtronic, 3M, Smith & Nephew, and Johnson & Johnson.
Report coverage Market Trends, Drivers, Restrictions, Competitive Analysis, Player Profiling, Regulation Analysis

Emergency medical services (EMS) are an essential component of the overall health system because they save lives by offering emergency care. Global emergency medical services have improved technologically and have made a significant contribution to the overall functioning of health systems. The World Health Organization (WHO) considers EMS systems an essential component of any efficient and usable health system. Emergency medical equipment enables patient care during emergency situations 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 and operating rooms.

The growing need for emergency medical services with the growth of the geriatric population, as well as the increased incidence of chronic diseases such as cardiovascular disorders, diabetes and infectious diseases, are expected to stimulate the growth of the global emergency medical equipment market throughout the period. forecast. Furthermore, the increasing frequency of natural disasters such as earthquakes, storms and so on, as well as the increasing frequency of traumatic injuries, are driving the demand for the emergency medical equipment market revenue.

Dynamics of the global emergency medical equipment market

The growing geriatric population is vulnerable to a variety of medical emergencies, including respiratory ailments, cardiac arrest, and other medical emergencies. Furthermore, the high frequency of natural disasters requires sophisticated emergency medical care. Aside from this, due to increased consumption, emergency medical services differ greatly between developed and developing countries. Comprehensive Emergency Medical Services (EMS) available across the country are lacking in low- and middle-income countries. This factor is limiting consumer spending in the emergency medical equipment market. Some of these countries, however, are actively welcoming large international corporations to explore untapped potential in advanced markets.

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Market segmentation

The global emergency medical equipment market has been segmented by Acumen Research and Consulting based on type and application. By type, the market is divided into wound care consumables, emergency resuscitation equipment, patient management 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 projected time frame. This is due to the increase in the number of emergency visits, which increases the demand for equipment for resuscitation of urgent situations.

By application, the market is divided into traumatic injuries, heart care, respiratory care, and others. According to the forecasts of the emergency medical equipment market, 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 divided into hospitals, outpatient surgical centers, specialized clinics and others. Per end user, the hospital segment will contribute to the dominant share of the emergency medical equipment market.

Regional outlook for the global emergency medical equipment market

The global emergency medical equipment market is divided into five geographic regions: North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. According to the analysis of the emergency medical equipment industry, North America has traditionally dominated the global market and will continue to do so in the coming years. A high incidence of trauma-related injury problems, as well as reconstructive surgery is conducted in the United States each year. In addition, the strong presence of key players, technological developments and established hospital infrastructure are important factors contributing to the expansion of the North American regional market for emergency medical equipment.

On the other hand, Asia Pacific will experience a significant CAGR in the emergency medical equipment market. This is due to the increased geriatric population, increased exposure to emergency situations and increased government involvement. These factors contribute to the full potential of the Asia-Pacific emergency medical equipment market.

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Market players Emergency medical equipment

Some of the leading 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 partnered with Ethicon Inc., a subsidiary of Johnson & Johnson Medical Devices Industries, to manufacture and distribute VESper Ventilator Growth Splitter, a ventilator expansion device. The new product is approved for emergency use only, allowing the use of a single ventilator equipped with a ventilator separator for two salvage patients who require respiratory support during the COVID-19 pandemic, unless personal ventilators are available on the global market.
  • In March 2020, GE Healthcare signed a partnership with Ford Motor Company to increase fan production. The goal of the collaboration is to provide doctors with critical medical devices for the treatment of COVID-19, a respiratory disease caused by a new coronavirus.
  • In July 2019, Stryker signed a partnership with the Royal College of Surgeons of Ireland (RCSI) to develop a connected healthcare innovation platform. The Digital Product Services Center of Excellence seeks to create technology services for use in emergency and specialist care in order to provide basic seamless coordination of care for patients facing urgent medical emergencies.

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Of Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of market information and consulting services for the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps investment communities, IT professionals and business executives make fact-based decisions about technology purchases and develop business growth strategies to compete in the marketplace. With the team size of over 100 analysts and collective industry experience of over 200 years, Acumen Research and Consulting ensures to deliver a combination of industry knowledge along with global and national expertise.

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