Emergency Medical Equipment Market Generated Opportunities, Future Scope 2021-2028 | 3M, Abbott, Asahi Kasei Corporation, B. Braun Medical

Global Emergency Medical Equipment Market

The Global Emergency Medical Equipment Market, by Product Type (Patient Handling Equipment, Diagnostic Medical Equipment, Personal Protective Equipment, and Emergency Resuscitation Equipment), by Application (Trauma, Cardiac Care, Respiratory Care, and Cancer Care), and by Region (North America, Asia Pacific, Latin America, Europe, Middle East, and Africa) had a market valuation of US$ 17.8 billion in 2017, and is estimated to grow a CAGR of 6.1 percent during the forecast period (2018 - 2026).

In the administration of emergency medical care, the government plays a critical role. As a result, the growing number of government Emergency Medical Service (EMS) programs is estimated to be a significant driver propelling the global emergency medical equipment market forward. Emergency Medical Services for Children, the Office of EMS, and the Division of Injury Response all work together to coordinate emergency response operations through frequent contacts, teamwork, and project management. Rising government investment for natural disaster planning is projected to boost demand for sophisticated emergency medical services, boosting revenue for the global emergency medical equipment market. The U.S. Congress passed a two-year budget in 2017 that includes US$ 130 billion for disaster relief. FEMA (Government Emergency Management Agency) is the major federal financing agency.

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Browse 25 Market Data Tables and 27 Figures spread through 165 Pages and in-depth TOC on "Emergency Medical Equipment Market, by Product Type (Patient Handling Equipment, Diagnostic Medical Equipment, Personal Protective Equipment, and Emergency Resuscitation Equipment), by Application (Trauma, Cardiac Care, Respiratory Care, and Cancer Care), and by Region (North America, Asia Pacific, Latin America, Europe, Middle East, and Africa) - Global Forecast to 2026"

Companies in the global emergency medical equipment market are concentrating on strategic mergers and acquisitions to maintain their market leadership. Remote Diagnostic Technologies (RDT), a U.K.-based leading creator of sophisticated solutions for the pre-hospital sector offering monitoring, cardiac treatment, and data management, was acquired by Royal Philips in June 2018. In order to provide the finest emergency care services, manufacturing firms are cooperating with government agencies. Tactical Medical Solutions and the American Red Cross formed a brand licensing relationship for the SOF Tactical Tourniquet Wide in 2017, with the goal of delivering the best tourniquet on the market.

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Key Takeaways

Due to increased government funding for emergency medical care and growing demands for medical emergencies, the global emergency medical equipment market is anticipated to grow at a CAGR of 6.1 percent over the forecast period (2018– 2026).

Due to the increasing use of breathing devices in emergency treatment, the emergency resuscitation equipment category is anticipated to have the largest revenue share in 2017.

Due to the rising incidence of heart diseases throughout the world, the cardiac care segment is anticipated to expand at the fastest pace among applications. As per the American Heart Association's 2015 study, over 84 million individuals in the U.S. struggle with cardiovascular disease, which results in approximately 2,200 fatalities each day.

Key companies contributing in the global emergency medical equipment market are GE Healthcare, Cardinal Health, B. Braun Medical, Asahi Kasei Corporation, 3M, Stryker Corporation, Abbott, Smith & Nephew, Philips Healthcare, Johnson & Johnson, and Henry Schein.

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