Ambulance Equipment Market 2018 - 2026 | Future Opportunities By Top Players 3M, BLS Systems, Ltd., Medtronic Plc, GE Healthcare, Stryker Corporation

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.

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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.

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).

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.

Moreover, growing geriatric population across various regions worldwide along with high prevalence of heart disease is expected to propel demand for ambulance equipment in the near future. According to the data published in the Journal of the Formosan Medical Association, in November 2016, half of the population living in Asia is the geriatric population and it is growing at faster rate, which may cater the demand of ambulance services in Asia.

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.

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