Emergency Medical Equipment Market

Ambulance Services Is The Fastest Growing Segment Fueling The Growth Of Emergency Medical Equipment Market

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The global Emergency Medical Equipment Market is estimated to be valued at US$ 25.32 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The emergency medical equipment market includes devices such as patient monitors, cardiac monitors, trauma equipment, defibrillators, and medical imaging equipment. These play a vital role in saving lives during medical emergencies by stabilizing patients, diagnosing injuries or illnesses, and preventing disability or death.

Market key trends:
Emergency medical equipment are witnessing increased demand from ambulances and other emergency medical transport vehicles to provide timely medical care to patients during transit. With growing focus on improving emergency medical response times, more ambulances are being equipped with sophisticated equipment like ECG monitors, ventilators, IV pumps and defibrillators. This is a key factor driving higher spending on ambulances as well as the installation and periodic replacement of various emergency medical devices in ambulances.
Segment Analysis
The global Emergency Medical Equipment Market Growth is segmented by product type, application, end-user, and geography. By product type, the market is segmented into patient monitoring systems, wound care consumables, infection control supplies, personal protection equipment, life support and emergency resuscitation equipment, patient handling equipment, and sterile medical equipment. Among these, patient monitoring systems dominate the market and are expected to continue their dominance over the forecast period. Patient monitoring systems have wide applications in emergency medical services for continuously monitoring vital signs such as blood pressure, pulse rate, respirations, and temperature among others. This helps medical practitioners in timely diagnosis and treatment of medical conditions.

Key Takeaways
The global emergency medical equipment market is expected to witness high growth at a CAGR of 6.3% over the forecast period of 2023 to 2030. This can be attributed to the increasing prevalence of chronic and infectious diseases globally, which is driving the demand for efficient emergency medical services and equipment for diagnosis and treatment.

Regional analysis indicates that North America dominates the global emergency medical equipment market and is expected to continue its dominance over the forecast period. This is due to the presence of advanced healthcare infrastructure, favorable regulatory scenario, and growing aging population in the region requiring emergency medical care. Asia Pacific is expected to be the fastest growing region owing to rapidly growing healthcare spending and increasing investments by key players.

Key players operating in the emergency medical equipment market are 3M, Abbott, Asahi Kasei Corporation, B. Braun Medical, BD, Cardinal Health, GE Healthcare, Henry Schein, Johnson & Johnson, Philips Healthcare, Smith & Nephew, and Stryker Corporation. These players are focusing on new product launches and geographical expansion to consolidate their market presence. For instance, in 2022, Asahi Kasei Corporation launched a new vital sign monitoring system – Vismocon V for emergency medical settings.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it