Rescue poles are specialized equipment used in marine and water rescue operations. Specially designed rescue poles allow rescuers to reach a person in distress from a safe distance. They have a hook or cuff at one end to grasp or latch onto a victim. The poles are typically lightweight yet durable and extend up to 16 feet in length for reaching individuals farther from shore or watercraft. They assist lifeguards, coast guards, marine patrol units, and other emergency responders in safely extracting swimmers, boaters, or others in need from bodies of water. Growing tourism and recreational activities near coastal regions and waterways have led to an increase in water-related accidents and emergencies. This is driving the need for advanced rescue equipment such as poles to help professional rescuers respond quickly and minimize risk to themselves during rescue operations.
The Global Rescue Pole Market Size is estimated to be valued at US$ 14.57 Bn in 2024 and is expected to exhibit a CAGR of 24% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing demand for rescue poles from the emergency rescue operations can be attributed to the increase in number of water-based recreational activities and coastal tourism. According to United Nations World Tourism Organization, international tourist arrivals have grown from 25 million in 1950 to 1.4 billion in 2019. This rise in water tourism has led to surge in cases of drowning accidents. Rescue poles help lifeguards and other rescuers to reach out to victims from a safe distance and pull them to safety swiftly. Another driver for rescue poles is stringent safety regulations mandating use of such emergency equipment by professionals conducting water rescue operations. Regulatory bodies have stipulated guidelines regarding proper training and equipment needed for responding to water emergencies. This is positively impacting the adoption of rescue poles across regions.
Segment Analysis
The global rescue pole market is segmented by type, end user and material. By type, the fiberglass pole segment holds the dominant market share of more than 40% as fiberglass is lightweight, durable and provides stability. By end user, the fire department segment dominates the market with over 50% share as rescue poles are extensively used by firefighters for search and rescue operations. By material, the carbon fiber segment is fastest growing segment due to its light weight properties.
PEST Analysis
Political: Policies supporting establishment of well equipped fire stations positively impacts the market. Subsidies for modern equipment procurement boosts adoption.
Economic: Growthing construction industry increases risk of fire mishaps augmenting demand. High safety budget of industries drives uptake.
Social: Rising awareness about rescue equipments among citizens supports growth. Need for safety during natural disasters propels sales.
Technological: Advancements resulting in lightweight, durable and easily portable poles aid adoption. Innovation in material enhances strength to weight ratio.
Key Takeaways
The global rescue pole market is expected to witness high growth at a CAGR of 24% during the forecast period of 2024 to 2031.
Regional analysis shows North America holds the largest market share currently due to stringent safety regulations and availability of advanced infrastructure for emergency response.
Key players operating in the rescue pole market are Abbott Laboratories, Affymetrix, Inc., Agilent Technologies, Inc., Applied Spectral Imaging, Inc., BI Biological Industries, Bio-Rad Laboratories, Thermo Fisher Scientific Inc., CytoTest Inc., Cytognomix, Inc., F. Hoffmann-La Roche Ltd., Illumina Inc., Bionano Genomics, Inc., Precipio, Inc.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
