Ambulance Equipment Market Outlook 2018 Sales Revenue, Strategy to 2026 By Top Key Companies 3M, BLS Systems, Ltd., Medtronic Plc, GE Healthcare, Stryker Corporation, Allied healthcare products, Inc

Rising number of ambulance services is the major factor augmenting growth of the ambulance equipment market. As ambulances equipped with advanced medical facilities, including devices used in emergencies, provide immediate medical care to the patient until he/she reaches the nearest hospital. Moreover, ambulances have trained medical crew onboard to treat patients in emergency situations en route to the hospital.

Market Dynamics

Commercialization of ambulatory drones that may require the use of ambulance equipment such as oxygen concentrators to provide essential oxygen supply to the people on the spot to remote locations and also transportation of defibrillator to a patient within 12 sq. km. zone within a minute is expected to spur growth of the market over the forecast period. Drones are already operating in countries such as the U.S., Haiti, and some parts of Europe. Emerging economies are yet to commercialize the technology. Effective implementation of the technology is expected to propel growth of the ambulance equipment market. Moreover, increasing government investments in ambulance services and equipment also expected to have meteoric growth on the market.

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Increasing number of ambulance services, which can availed by patients directly or by hospitals and other organizations is directly boosting growth of the ambulance equipment market. According to an article published in daily newspaper of the U.S., around 17.3 million emergency patient transports occurred in 2012 across the world. Hence, rising number of emergency cases is a major factor that is expected to augment growth of the ambulance equipment market during the forecast period.

Ambulance Equipment Market- Competitive Landscape

Manufacturers are focusing on providing innovative products and value through proactive servicing, responsiveness, agility, improved equipment availability, economical service, and life cycle savings. For example, GE Healthcare offers AirStrip ONE mobile platform, which provides an integrated view of patient information from multiple data sources into a single user interface on iOS and Android platforms, thus enables clinicians to receive a complete picture of a patient’s health at the moment of care, from anywhere. Utilization of such kind of devices in ambulances may help to rescue people during medical emergencies and in turn, boost market growth.

Key players operating in the ambulance equipment market include 3M, BLS Systems, Ltd., Medtronic Plc, GE Healthcare, Stryker Corporation, Allied healthcare products, Inc., Dragerwerk AG & Co. KGaA., Ambu A/S, Emergency Medical International, First Care Products, Ltd., and Emergency Medical Products, Inc.

Moreover, adoption of organic and inorganic growth strategies by various manufacturers is also propelling growth of the ambulance equipment market. For instance, in 2016, Stryker Corporation is planning to acquire Physio-Control International, a maker of vital-sign monitors and defibrillators, for US$ 1.28 billion.

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Ambulance Equipment Market- Regional Analysis

Regional segmentation of the global ambulance equipment market by Coherent Market Insights comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to dominant position in the global ambulatory services market, owing to cost-saving offers eliminating hospital stays in the region, shift of aging population to outpatient care. For instance, the partnership of Tenet Healthcare and United Surgical Partners International (USPI) in 2015 resulted in undertaking 20 imaging centers, 265 short-day surgical facilities with 4000 physicians.

Furthermore, according to the National Center for Health Statistics estimates in 2017, the number of outpatient surgery visits in the U.S. is increased from 20.8 million to 34.7 million visits from the year 2006 to 2016, thereby catering to the growing demand for ambulance services, which requires ambulance equipment.

Asia Pacific is expected to witness fast growth over the forecast period, owing to the increasing healthcare issues with rising incidence of chronic diseases, and government initiation to introduce outpatient strategies. For instance, the launch of various mobile apps by China and Japan are providing medical knowledge and easy booking for outpatient appointments.

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This release was published on openPR.