Ambulance Equipment Market Size to Expand at Highest Revenue USD 5,759.0 Million with Growth Rate at 3.3% CAGR by 2026: Key Companies – 3M, BLS Systems, Ltd., Medtronic Plc, GE Healthcare, Stryker Corporation, Allied healthcare products, Inc.
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The Global Ambulance Equipment Market, by Equipment Type (Transportation Equipment, Burn Care Equipment, Diagnostic and Infection Control Equipment, Blood and Hemorrhage Control Equipment, Respiratory, Hypothermia, and Cardiac Equipment) and by End User (Air Ambulance, Water Ambulance, and Ground Ambulance) was valued at US$ 4,315.4 million in 2017 and is estimated to exhibit a CAGR of 3.3% over the forecast period (2018-2026).
Ambulance equipment efficiently addresses the concern of long travel time and offers speedy emergency support in rural areas by providing quick medical aid at major traffic accident sites that are otherwise inaccessible by road. Thus, ambulance equipment is an essential component of the modern healthcare system, and these advantages offered by the ambulance equipment are expected to drive the market growth over the forecast period.
The increasing adoption of portable oxygen concentrators by ambulatory or emergency medical services, to cater to growing ambulatory oxygen needs of patients during surgeries that further aids in reducing the healthcare burden is the factor that is expected to drive the market growth. Moreover, introduction of ambulance drones in the recent past is expected to drive adoption of ambulance equipment and thus, transforming the delivery of healthcare services. For instance, in 2015, ambulance drone design was developed by Argodesign, Texas (U.S.), which provides a speedy emergency support in rural areas and offers quick medical aid during major traffic accident sites that are otherwise inaccessible by road. These drones are equipped with essential instruments for instant treatment at the site of traffic accidents.
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Additionally, manufactures in the ambulance equipment market are focusing on expansion of their products through partnerships to various regions. For instance, Ambuce, an ambulance service provider in Belgium, is the official distributor and service provider for the entire range of the high quality and extremely reliable Lifepak AED devices and accessories manufactured by Medtronic.
Additionally, several ambulance service providers are focusing on adopting technically advanced ambulance equipment products from the manufacturers. For instance, in March 2017, Ambulance Service of Manchester and Aetna Ambulance installed 50 Stryker Power Pro XT Model 6506 Stretchers, which are battery-powered hydraulic to ensure the comfort and safety for both crews and patients alike.
Key Takeaways of the Ambulance Equipment Market:
- The global ambulance equipment market is expected to exhibit a CAGR of 3%over the forecast period (2018–2026), attributed to constant technological advancements and rising incidence of chronic disorders and road accidents, across the globe
- Among end user, ground ambulance segment is expected to account for the major market share over the forecast period. The segment growth is attributed to increasing utilization of these ambulance equipment during road accidents to minimize personal injuries of the patient and prevent loss of life.
- Among end user, air ambulance segment is expected to witness significant growth over the forecast period, attributed to rapidly growing medical tourism in emerging economies such as Brazil and India, and its ability to reach faster compared to road ambulance and onboard medical assistance
- Key players operating in the global ambulance equipment market include 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.
Browse 23 Market Data Tables and 19 Figures spread through 158 Pages and in-depth TOC on “Ambulance Equipment Market, by Equipment Type (Transportation Equipment, Burn Care Equipment, Diagnostic and Infection Control Equipment, Blood and Hemorrhage Control Equipment, Respiratory, Hypothermia, and Cardiac Equipment) and by End User (Air Ambulance, Water Ambulance, and Ground Ambulance) – Global Forecast to 2026”
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