Emergency Medical Equipment Market Necessity And Demand 2018 to 2026 With Top Key Companies 3M, Abbott, Asahi Kasei Corporation, B. Braun Medical, BD, Cardinal Health, GE Healthcare, Henry Schein, Johnson & Johnson

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.

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The global emergency medical equipment market size was valued at US$ 17.8 billion in 2017, and is expected to witness a CAGR of 6.1% over the forecast period (2018 – 2026). 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.

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.

Increasing demand for emergency care is expected to drive the emergency medical equipment market growth

Increasing medical emergency cases due to rise in health problems such as heart attacks, breathing disorders, coupled with other elderly associated emergencies, and rising incidences of trauma injuries are the major factors driving the global emergency medical equipment market growth. Trauma injury is the leading cause of mortality and hospitalization worldwide.

Emergency Medical Equipment Market - Competitive Landscape

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.

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Emergency Medical Equipment Market - Regional Insights

On the basis of region, the global emergency medical equipment market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the global emergency medical equipment market, owing to increasing government support and funding for emergency medical services.

Europe is expected to be the second largest contributor to the emergency medical equipment market, in terms of revenue, owing to increasing demand for emergency medical services. According to NCBI report of 2013, demand for urgent care center services in the U.K. has increased by 46% between 2006 and 2013.

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