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Ambulance Equipment Market Predicts Rise In Demand By 2026 And The Top Key Players Are 3M, BLS Systems, Medtronic, GE Healthcare, Stryker Corporation, Allied healthcare products

05-28-2019 08:09 AM CET | Health & Medicine

Press release from: Coherent Market Insights - Medical Devices Industry

Ambulance Equipment

Ambulance Equipment

Ambulance equipment is one of the major contributors to the hospital revenue and to the performance of the healthcare system. Ambulatory care equipment provide diagnosis, observation, and intervention services to patient with advanced medical treatments. 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. The global ambulance equipment market was valued at US$ 4,315.4 million in 2017, and is expected to witness a CAGR of 3.3% over the forecast period (2018 – 2026).

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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.

Competitive Analysis

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.
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. 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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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.

About Coherent Market Insights:

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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Coherent Market Insights
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