Advancement in Technology Increasing The Demand for Emergency Medical Equipment Market Near Future - Supporting Key Venders 3M, Abbott, BD, Cardinal Health, GE Healthcare, Henry Schein, Johnson & Johnson, Philips Healthcare

Emergency Medical Services (EMS) require specialized equipment to aid in the provision of emergency care. The rapid development of medical technology has transformed the international EMS systems with introduction of multifunctional compact monitoring systems. These equipment are making the task of monitoring patients manageable in an uncontrolled environment of pre-hospital settings.

Emergency Medical Equipment Market Dynamics, Globally -

Increasing geriatric population prone to various medical emergencies such as cardiac arrest, respiratory disorders, and other medical urgency and rising incidences of natural calamities require advanced emergency medical care. According to American Heart Association 2016 report, cardiovascular disease is the leading cause of death worldwide, accounting for around 17.3 million deaths annually and is expected to reach over 23.6 million by 2030.

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The Global Emergency Medical Equipment Market was valued at US$ 17.8 billion in 2017, and is projected to exhibit a CAGR of 6.1% over the forecast period (2018 - 2026), as highlighted in a new report published by Coherent Market Insights.

According to GRID-Arendal, an official United Nations Environment Programme (UNEP) 2018, with the growing population and infrastructures, the world’s exposure to natural hazards is increasing inevitably. Therefore, all these factors are collectively rising the demand for emergency medical services eventually driving the emergency medical equipment market revenue.

Despite the increasing demand, the emergency medical services varies drastically from developed to developing countries. Low and middle-income countries lack comprehensive EMS that can be accessed throughout the country which can be a restraining factor for emergency medical equipment market growth. However, some of these countries are involving international industry players to explore untapped opportunities in emerging economies.

Government plays a crucial role in the provision of emergency medical services. Therefore, increasing number of government Emergency Medical Service (EMS) programs are considered to be the major factor driving growth of the global emergency medical equipment market. For instance, programs such as Emergency Medical Services for Children, the Office of EMS, and the Division of Injury Response coordinate their efforts for emergency services through regular communications, collaboration, and planning on numerous projects.

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.

Detailed Segmentation:

Global Newborn Screening Market, By Product:
- Assay Kits
- Hearing Screening Devices
- Mass Spectrometer
- Pulse Oximetry

Global Newborn Screening Market, By Application:
- Blood Spot Disease
- Critical Congenital Cardiac Disease
- Maple Syrup Urine Disease
- Hearing Disability
- Sickle Cell Disease
- Thyroid Disorder

Global Newborn Screening Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.