Emergency medical equipment are essential medical devices used for providing medical aid during emergency cases and accidents. Devices such as defibrillators, ECG devices, oxygen equipment, and masks are necessary for monitoring patients and supplying oxygen during medical emergencies. The rising incidence of chronic diseases, road accidents, and other emergency cases have increased the demand for portable emergency medical equipment for first aid management.
The global Emergency Medical Equipment Market is estimated to be valued at US$ 25.32 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for portable medical devices is increasing rapidly owing to advantages such as easy transportation and use during emergency situations such as accidents and natural calamities. Portable defibrillators, oxygen supply equipment, and blood pressure monitors are some key portable medical devices gaining popularity. According to recent surveys, sales of portable defibrillators increased by over 12% in 2022 over the previous year. Manufacturers are also focusing on developing emergency medical equipment integrated with advanced technologies such as AI and IoT for remote monitoring of patients. This is expected to further drive the adoption of portable emergency medical devices during the forecast period.
Segment Analysis
The global emergency medical equipment market size is dominated by the emergency resuscitation equipment sub-segment. This sub-segment accounts for over 30% of the total market share owing to growing cases of cardiac arrests. The emergency resuscitation equipment aids in respiratory support and stabilization during cardiac emergencies through devices like oxygen masks, manual resuscitators, and mechanical ventilators.
Key Takeaways
The global emergency medical equipment market is expected to witness high growth over the forecast period owing to increasing incidences of trauma injuries and road accidents.
Regional analysis: North America accounts for the largest share of the emergency medical equipment market currently. This is attributed to factors such as the rising prevalence of chronic diseases, growing geriatric population, and well-established healthcare infrastructure. However, Asia Pacific is expected to witness the fastest growth over the forecast period owing to growing medical tourism, rising healthcare expenditure, and improving access to healthcare in emerging economies like India and China.
Key players: Key players operating in the emergency medical equipment market are 3M, Abbott, BD, Cardinal Health, GE Healthcare, Henry Schein, Johnson & Johnson, Philips Healthcare, Smith & Nephew, and Stryker Corporation. 3M is a leading manufacturer and provider of medical tapes, bandages, casts, and splints. Abbott provides a range of cardiac care, vascular care, diabetes care, and diagnostic products.
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