Emergency Medical Equipment Market Synopsis:
Emergency Medical Equipment Market Size Was Valued at USD 27.58 Billion in 2023, and is Projected to Reach USD 49.44 Billion by 2032, Growing at a CAGR of 6.7% From 2024-2032.
Emergency Medical Equipment Market comprises of products which are used in cases of medical emergency thus affording early treatment and attacking high mortality rates. This market comprises of a broad spectrum of related products and service such as defibrillator, patient monitoring devices, emergency stretcher, respiratory care systems, and basic life support cart, first aid kits, which are crucial in pre-hospital as well as in hospital care.
The Emergency Medical Equipment Market is an important segment of the health industry that offers lifesaving products in acute medical conditions including heart failure, accidents, suffocation, and cerebral vascular accidents. The upsurge in the frequency of emergency medical incidences, together with enhanced innovation in medical devices, has created the market for enhanced emergency medical equipment. Having identified the relevance of these tools for the provision of health care in the event of an emergency, those in the health care facilities, the emergency response teams and the individuals have embraced these tools as a means to improving the patient’s care outcomes.
The driving force behind the market is technology that has improved and helped create better, more efficient and ease to use devices. These innovations comprise of transportable defibrillators, sophisticated patient supervision technologies, and automized emergency identification equipment. The social factors that play an essential role in the market development include increased consumer concern for their health and well-being, increased percentage of the world’s population aged 60 and above, as well as global concerns over the potential health crises. In addition, global EMS & ambulance fleets’ growing numbers have also emerged as key drivers that prop up market growth.
At an international level, the requirement for emergency medical equipment is increasing considerably dramatically in areas experiencing high prevalence rates of cardiovascular diseases, trauma accidents, and respiratory illnesses. As the government of various countries and especially the developing ones continue to improve their healthcare infrastructures, this market is adequately being driven. Currently, mature markets remain dominant, which are forecasted to sustain healthy growth, as are emergent markets to grow at a higher pace due to improving awareness, availability of proper healthcare and the integration of sophisticated technology. It also has regulatory issues, where different countries have set high levels of requirements regarding equipment quality and performance that forces companies to come up with inventions to achieve those standards.
Emergency Medical Equipment Market Trend Analysis:
Advancements in Portable Emergency Equipment
- Portable emergency medical equipment is becoming the new trend because there has been a constant push from patients and care takers for equipment that is transportable and can be used in situations outside a hospital setting. Transportable AED’s, small oxygen concentrators, and transportable patient telemetry are all turning into essential in preclinical care as they allow cure on the spot. This development has been occasioned by changes in technology in the docking spaces in miniaturization, lightweight components and wireless transport capabilities which make it possible to transport high quality medical equipment with ease and speed.
- The above demand for portability is not only due to the need to scale up the response time that is required in emergency medical equipment, but also due to the shift towards equipment that is simple to use in cases of emergency particularly by persons who are non-medically inclined. Of necessity, manufacturers concentrate their attention on the design and development of ergonomically friendly, easy to control devices that can be operated when under pressure. This trend is improving the entire availability of emergency health care and upping the chances of life amid such moments.
Expansion in Emerging Markets
- The biggest opportunities in the Emergency Medical Equipment Market is growth and penetration into the emerging countries especially Asia Pacific, Latin America, and Africa. These regions are experiencing fast growth in the number of cities; enhanced access to health care; and rising public consciousness of the need for premiere and life-saving transport. With advancement in medical facilities, there is increasing call for enhancement of emergency medical equipment due to increased disease, accident, and trauma prevalence. These markets can be penetrated by extending value-added emergency medical devices at comparatively low cost and with higher quality as desired by these regions.
- Furthermore, governments in these regions are progressively relying on health systems to increase capacity to respond to emergencies. The collaboration with the local government and other healthcare institutions as well as NGOs can be useful in expansion of the distribution of life-saving Emergency Medical Equipment. Thus, significant growth opportunities remain for companies to develop and offer products which would meet the current and future emergency care needs of newly emerging markets while addressing these markets’ emergent need for dependable health care solutions.
Emergency Medical Equipment Market Segment Analysis:
Emergency Medical Equipment Market Segmented on the basis of product type, technology, application, end user, and region.
By Product Type, Defibrillators segment is expected to dominate the market during the forecast period
- The opportunities of the Emergency Medical Equipment Market are vast, as this market presents numerous products to meet individual requirements of Emergency Medical Services. Defibrillators, patient monitors, and oxygen & respiratory equipment are considered the most vital equipment because these products are required in simple encounter cases like cardiac arrest, respiratory distress, and trauma. Automated external defibrillators are specifically used for managing the sudden cardiac arrest where as patient monitors are used in repeatedly monitoring critically ill patients. Oxygen and respiratory equipment are needed to help those clients who find it difficult to breathe, a situation that is familiar to most emergency cases.
- Other product types like the emergency stretchers, diagnostic equipment, and other medical evacuation products are as equally vital because patients have to be stabilized before they are moved to a healthcare facility. The demand of these products depends with the region and the need of the emergency responders. Technological developments that have enhanced the effectiveness and mobility of these devices have led to a concentration in a multifunctional, easy to handle, equipment that can satisfactorily address the exigent need of healthcare practitioners.
By Application, Cardiac Care segment expected to held the largest share
- The Emergency Medical Equipment Market works in several major ways, cardiology, trauma, respiratory and stroke. Cardiac devices like Defibrillators and Patient monitoring devices have great demand because of the increasing incidence of heart diseases all across the world. Such purpose specialties as trauma care devices like stretcher, evacuation equipment or first aid box are required in emergencies wherein accidents and injuries are frequently a part of the scene. In the same manner, respiratory care devices are critically important to calming patients with respiratory problems while, equipment needed in handling neurological complications such as strokes and seizures are useful in managing patients who have had such attacks.
- Due to advancement in health knowledge and experiences in dealing with such crucial events in life people need emergency medical equipment. In developed countries such sophisticated technologies are being incorporated into these applications which improve on the standard of the emergency medical responses. At the same time, in developing zones, there is a good potential in expanding the market by providing cheap and efficient solutions for emergency care in accordance with conditions of particular countries.
Emergency Medical Equipment Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- By region, North America has the largest market share of emergency medical equipment due to better established healthcare system with high end technology, increased use of emergency medical service (EMS). For example, the United States has developed EMS highly and hospitals have all the modern instrumentality for emergency medical services and to provide optimum quality treatment. The same is true for emergency medical equipment due to the high incidence of chronic illnesses, accidents and, more so, an ageing population that will continually need emergency care solutions.
- The region dominance is also due to constant and aggressive investments to healthcare facilities and emergency medical service provisions. Continued development of new technology for use in emergency services is enhanced by government incentives, including finances for ambulance services. Some advancements made by healthcare providers in North America includes incorporation of latest technologies and enhanced delivery of efficient health care services hence there is a steady market of emergency medical equipment and systems in this region.
Active Key Players in the Emergency Medical Equipment Market
- Philips (Netherlands)
- GE Healthcare (United States)
- Medtronic (Ireland)
- Abbott Laboratories (United States)
- Zoll Medical Corporation (United States)
- Siemens Healthineers (Germany)
- Stryker Corporation (United States)
- ResMed (Australia)
- Johnson & Johnson (United States)
- Mindray (China)
- Hill-Rom (United States)
- Panasonic Healthcare (Japan)
- Other Active Players
Key Industry Developments in the Emergency Medical Equipment Market:
- In December 2023, the National Board of Examinations in Medical Studies (NBEMS), an autonomous body under the Ministry of Health and Family Welfare, announced the launch of a nationwide awareness programme on cardiopulmonary resuscitation (CPR) training. The announcement by the Health Ministry comes following a recent rise in the number of cases of heart attacks across the country with the latest data from the National Crime Records Bureau (NCRB) stating that deaths due to cardiac arrests saw a 12.5% rise, from 28,413 in 2021 to 32,457 in 2022.
- In October 2023, Stryker, a medical device company, announced that it had introduced Prime Connect, the first smart, connected hospital stretcher designed to support fall prevention protocols from anywhere in a facility, at the Emergency Nursing 2023 event in San Diego, California, U.S. on September 22, 2023.
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Emergency Medical Equipment Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 27.58 Billion |
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Forecast Period 2024-32 CAGR: |
6.7% |
Market Size in 2032: |
USD 49.44 Billion |
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Segments Covered: |
By Product Type |
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By Technology |
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By End User |
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By Application |
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By Region |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Emergency Medical Equipment Market research report is 2024-2032.
