Ambulance Equipment Market Set for Rapid Growth And Trend by 2026 With Key Players 3M, BLS Systems, Ltd., Medtronic Plc, GE Healthcare, Stryker Corporation, Allied healthcare products, Inc

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. For instance, in March 2013, Essentia Health, an integrated health system serving patients in Minnesota, Wisconsin, North Dakota, and Idaho invested over US$ 500,000 in new ambulance equipment, which enables paramedics to easily supply monitors and defibrillators to patients.

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Ambulance equipment is a type of equipment used to aid patients at the time of medical emergencies, including accidents and surgeries, thus helping minimize personal injuries and preventing loss of life. Advancements in healthcare technology along with increasing patient inclination towards faster and efficient mode of delivery has led to rampant growth of efficient and on-the-time delivery of treatment through ambulance equipment and services.

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.

Increasing number of accidents and growing geriatric population are expected to drive growth of the ambulance equipment market

Increasing cases of bone fractures, trauma due to fall, and others, are increasing the demand for medical intervention (orthopedics), thus, augmenting the need for ambulance equipment products. In 2012, according to the National Institute of Health, knee is the most commonly injured joint by adolescent athletes with an estimated 2.5 million sports-related injuries presenting to emergency departments, annually in the U.S. This number is expected to increase significantly over 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.

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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.