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Emergency Medical Equipment Market – Growing Need For Emergency Medical Services Due To Increasing Geriatric Population

Emergency Medical Equipment Market
Emergency Medical Equipment Market

Emergency Medical Services (EMS) is an important part of overall healthcare system, as it saves lives by providing care immediately. Global emergency medical services has advanced technically and contributes widely to overall function of health care systems. The World Health Organization (WHO) refers EMS systems as an integral part of any effective and functional health care system.

Emergency medical equipment facilitates patient care during medical emergencies such as accidents and natural calamities, helps prevent loss of life, and minimizes personal injuries. These equipment vary from basic stretchers to complex equipment used in intensive care units and theatres.

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Growing need for emergency medical services due to increasing geriatric population, rising prevalence of chronic diseases such as cardiovascular disorders, diabetes, and infectious diseases are expected to drive the global emergency medical equipment market growth during the forecast period. Moreover, rising incidence of natural disasters such as earthquake, floods, etc. and increasing incidence of trauma injuries are some other factors propelling demand for emergency medical equipment.

The global emergency medical equipment market size was valued at US$ 17.8 billion in 2017, and is expected to witness a CAGR of 6.1% over the forecast period (2018 – 2026).

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 – 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).

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.

Manufacturers are focused on development of new advanced product in order to cater the ever-growing needs of emergency medical equipment. For instance, in 2015, Royal Philips launched Lumify, a smart device ultrasound solution, in the U.S. It is the new ultrasound digital health approach that connects off-the-shelf compatible smart devices, advanced ultrasound transducer technology, a mobile application, integrated IT and support services to help healthcare providers improve patient care, and reduce healthcare cost.

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