Emergency Medical Equipment Market Future Business Opportunities 2023-2030 | 3M, Abbott, Asahi Kasei Corporation, B. Braun Medical

The Emergency Medical Equipment Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Emergency medical equipment are lifesaving devices used for diagnosing and treating medical conditions in emergency situations. This includes defibrillators, ECG monitors, MRI machines, CT scanners, ambulance, and wheel stretchers.

Market Dynamics:

Growing aging population and rising incidence of chronic and infectious diseases have increased the demand for emergency medical services. According to the World Health Organization (WHO), road injuries are the leading cause of death among people aged 5-29 years. Road accidents and injuries require immediate medical assistance, thus driving the need for emergency medical equipment. Furthermore, governments around the world are increasing healthcare spending to ramp up emergency medical infrastructure. For instance, in 2018 the Indian government allocated INR 27,000 crores towards healthcare infrastructure and facilities development under the Ayushman Bharat Scheme.

The growing number of trauma cases due to rising road accidents and injuries have increased the demand for emergency medical equipment such as defibrillators, ECG monitors, MRI and CT scanners. Additionally, growing aging population prone to chronic diseases and health emergencies is expected to propel the emergency medical equipment market growth over the forecast period.

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** Note - This Report Sample Includes:

‣ Brief Overview to the research study.

‣ Table of Contents The scope of the study's coverage

‣ Leading market participants

‣ Structure of the report's research framework

‣ Coherent Market Insights' research approach

Major companies in Emergency Medical Equipment Market are:

✤ 3M
✤ Abbott
✤ Asahi Kasei Corporation
✤ B. Braun Medical
✤ BD
✤ Cardinal Health
✤ GE Healthcare
✤ Henry Schein
✤ Johnson & Johnson
✤ Philips Healthcare
✤ Smith & Nephew
✤ Stryker Corporation.

Note: Major Players are sorted in no particular order.

Major Drivers in the Emergency Medical Equipment Market

Increasing number of Accidents and Trauma Cases is fueling the Demand for Emergency Medical Equipment

The increasing number of road accidents, burns, falls or other trauma injuries has led to rise in demand for emergency medical equipment across hospitals and emergency facilities. Various factors like reckless driving, poor road infrastructure, medical negligence and lack of safety standards have contributed to higher accident rates. As emergency medical equipment like stretchers, operating tables, emergency defibrillators, trauma prevention kits help save lives in critical accident situations, their procurement is being prioritized.

Ageing Population and Subsequent Rise in Chronic Diseases requiring Emergency Care

With notable increase in average human lifespan globally, the percentage of aged people (above 65 years) has risen drastically in most countries. Older people are more susceptible to chronic conditions like cardiovascular diseases, diabetes, respiratory diseases and strokes which may sometimes require immediate emergency treatment. Since emergency medical equipments play a crucial role in providing life-saving care for chronic patients during health emergencies, their demand is being fueled by growing geriatric population susceptible to age-related illnesses.

Potential Market Restrain

High Cost of Advanced Emergency Medical Equipment Hinders Wider Adoption

While advanced emergency medical equipment incorporating latest technologies help save more lives, they involve significant capital investment making it difficult for some hospitals and emergency centers to procure them. Equipment like CT scanners, MRI machines, stroke treatment devices, portable ultrasound and ventilators have high device and maintenance costs which might deter their uptake. The need for recurring operator training and technical service support further adds to the overall cost of utilizing some advanced emergency equipment. This cost factor remains a key restraint for wider adoption globally, especially in lower budget healthcare setups.

Huge Growth Opportunity

Rising Investments in Medical Device Innovation to Drive Opportunity

Constant innovation is happening in emergency medical device technologies to develop novel solutions catering to unmet clinical needs. There is huge ongoing R&D to create compact, portable, affordable and easy to use emergency equipment with features like remote monitoring, artificial intelligence, 3D printing and augmented reality. To capitalize on these opportunities, private equity and venture capital funding in medtech innovation is witnessing significant rise. Considerable opportunities exist for startups as well as established medtech players in developing next-gen emergency equipment as governments and investors are keen on supporting such innovation.

Dominant Market Trend

Integration of Digital Technologies in Emergency Equipment

A strong emerging trend in the emergency medical equipment market is the integration of digital technologies like IoT, AI, telemedicine, big data analytics and cloud computing. Features such as remote patient monitoring from ambulances, automated diagnosis support, virtual medication management, computer-aided surgeries are being incorporated via digitization. This allows real-time data collection, enhanced decision making, automated record-keeping and improves access to critical patient information anytime, anywhere. The progression towards intelligent, connected and digitally advanced emergency equipment catering to smart healthcare infrastructure will dominate the market going forward.

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Highlights of the global Emergency Medical Equipment Market report:

→ This analysis provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), using 2021 as the base year. It also covers the global Emergency Medical Equipment Market in-depth.

→ It offers enticing investment proposition matrices for this sector and explains the likely future growth of key revenue streams.

→ Additionally, this study offers crucial insights into market forces, limitations, opportunities, new product introductions or approvals, market trends, regional perspective, and competitive tactics used by top rivals.

→ Based on the following factors: company highlights, product portfolio, significant highlights, financial performance, and strategies, it covers key players in the global Emergency Medical Equipment Market.

→ Marketers and company leaders will be able to make wise decisions about next product launches, type updates, market expansion, and marketing strategies thanks to the insights from this research.

→ A wide spectrum of industry stakeholders are covered by the global Emergency Medical Equipment Market research, including investors, vendors, product producers, distributors, new entrants, and financial analysts.

→ The many strategy matrices used in researching the global Emergency Medical Equipment Market will aid stakeholders in making decisions.

The research was developed through the synthesis, analysis, and interpretation of data gathered from multiple sources on the parent market. Additionally, analysis has been done of the economic circumstances and other economic indicators and factors to evaluate their respective impact on the Emergency Medical Equipment Market, along with the present impact, so as to develop strategic and informed projections about the scenarios in the market. This is mostly due to the developing countries' unmet potential in terms of product pricing and revenue collection.

Key Questions Answered In The Report:

• Which regional market will experience the greatest and most rapid growth?

• Who are the top five Emergency Medical Equipment Market players?

• How will the Emergency Medical Equipment Market evolve over the next six years?

• What application and product will dominate the Emergency Medical Equipment Market?

• What are the market drivers and constraints for Emergency Medical Equipment Market?

• What will be the Emergency Medical Equipment Market's CAGR and size during the forecast period?

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About Coherent Market Insights

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.