Ambulance Equipment Market Detailed In New Research Report 2024 | 3M, BLS Systems, Ltd., Medtronic Plc, GE Healthcare

Market Overview:

Ambulance equipment refer to medical devices and supplies installed in ambulances to treat patients during medical emergencies and transportations. This includes stretchers, electrocardiography machines, defibrillators and other essential medical devices.

Market Dynamics:

The ambulance equipment market is expected to witness significant growth over the forecast period owing to the improvement in healthcare infrastructure as well as growing cases of road accidents. According to the World Health Organization, road traffic injuries are the leading cause of death among young people aged between 5 and 29 years. More than 1.35 million people die each year as a result of road traffic crashes. Growing number of road accidents have increased demand for ambulances which is likely to contribute to the growth of ambulance equipment market. Additionally, rising geriatric population which is prone to chronic diseases and injuries is increasing prevalence of various emergencies which can only be handled through properly equipped ambulances. This is further anticipated to boost the ambulance equipment market growth over the forecast period.

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Major Keyplayers Included in the Report:

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.

Major Growth In The Aging Population Is Driving The Ambulance Equipment Market

The world population is rapidly aging which is putting huge pressure on healthcare systems. According to the United Nations, the number of people aged 65 years and above will grow by 56% between 2015 and 2030. As age advances, the risks of chronic diseases, physical impairments, and disabilities also increase which drives up the demand for ambulance services and equipment. Older patients require special equipment for transportation, medical monitoring, rescue operations etc. This rising geriatric population is a major market driver propelling the demand for advanced life support ambulances, medical devices, stretchers, wheelchairs and other emergency equipment.

Rising Prevalence Of Chronic Diseases Is Fueling Market Growth

Non-communicable diseases like cancer, diabetes, heart disease are on the rise globally. Chronic diseases now account for over 70% of all deaths worldwide. They often require frequent medical attention, diagnostics, and emergency transportation. The growing incidence of chronic illnesses is translating to higher ambulance transportation volume. This is boosting needs for advanced emergency care equipment both within ambulances as well as at hospitals. More patients now need specialized medical equipment like ventilators, defibrillators, cardiac monitors etc during ambulance rides. The rising disease burden especially from chronic ailments is a pivotal growth driver for the ambulance equipment industry.

Stringent Safety Regulations Are Restraining Market Adoption

Governments across major countries have strengthened regulatory frameworks surrounding ambulance vehicle manufacturing and equipment. They mandate strict compliance with standards for vehicle design, medical device certification, staff training and patient care. While such regulations aim to ensure top-notch safety and quality, they also make the process of developing and commercializing new ambulance models lengthy and expensive. Obtaining all necessary regulatory clearances before offering upgraded features or novel medical technologies adds delays and costs. This regulatory stringent poses a restraining factor hampering innovations and timely upgrades in the ambulance equipment space.

Transition To Digital Health Offers Great Market Opportunities

Modern ambulances are increasingly becoming mobile medical units and minor emergency care centers. This allows for expanding the scope of pre-hospital care. With growing investments in digital health, there is a huge opportunity to equip ambulances with cutting-edge medical device integration, telehealth solutions, AI & analytics capabilities. Advanced technologies can empower paramedics to access real-time patient records, drug inventory levels, transmit vital signs to hospitals, seek remote expert opinions during rescues and more. Integrating digital platforms will enhance pre-hospital diagnostic abilities, treatment outcomes as well as cross-organizational collaboration. The shift to digital ambulance fleets is a significant industry opportunity.

Advent Of Hybrid Vehicle Platforms Is A Major Emerging Trend

With growing environmental regulations and fiscal incentives, hybrid powertrain technologies are gaining popularity even in the commercial vehicle sector. Major ambulance manufacturers have started introducing hybrid-electric models that offer significant fuel savings and reduced emissions. Hybrid designs allow larger onboard energy storage which expands capabilities for medical equipment, lighting etc without compromising range. They also enable quieter travel and smoother acceleration helpful during emergency response. Going forward, more players are expected to build upon hybrid platforms while exploring fully electric drivetrains. The transition to hybrid & electric ambulance vehicles represents a transformative trend that will drastically alter how emergency medical transportation is delivered sustainably.

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Table of Contents with Major Points:

Executive Summary

Introduction
Key Findings
Recommendations
Definitions and Assumptions

Market Overview

Definition of Ambulance Equipment Market
Market Dynamics
Drivers
Restraints
Opportunities
Trends and Developments

Key Insights

Key Emerging Trends
Key Developments Mergers and Acquisition
New Product Launches and Collaboration
Partnership and Joint Venture
Latest Technological Advancements
Insights on Regulatory Scenario
Porters Five Forces Analysis

Qualitative Insights Impact of COVID-19 on Global Ambulance Equipment Market

Supply Chain Challenges
Steps taken by Government/Companies to overcome this impact
Potential opportunities due to COVID-19 outbreak
Conclusion

Appendix

Data Sources
Abbreviations
Disclaimer
TOC Continued…!

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