The Global Emergency
Medical Equipment Market, by Product Type (Diagnostic Medical Equipment,
Emergency Resuscitation Equipment, Personal Protective Equipment, Patient
Handling Equipment, Other Equipment), by Application (Cardiac Care, Cancer
Care, Respiratory Care, Trauma, and Others), and by Region (North America,
Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$
17.8 billion in 2017, and is projected to exhibit a CAGR of 6.1% over the
forecast period (2018 - 2026).
Government plays a crucial role
in the provision of emergency medical services. Therefore, increasing number of
government Emergency Medical Service (EMS) programs are considered to be the
major factor driving growth of the global emergency medical equipment market.
For instance, programs such as Emergency Medical Services for Children, the
Office of EMS, and the Division of Injury Response coordinate their efforts for
emergency services through regular communications, collaboration, and planning
on numerous projects. Moreover, increased government funding for the management
of natural disaster is expected to increase demand for advanced emergency
medical services eventually driving the emergency medical equipment market
revenue. For instance, in 2017, the U.S. Congress approved a two-year budget
that included US$ 130 billion for disaster management. Federal Emergency
Management Agency (FEMA) is the primary federal agency for funding assistance
after a disaster in the U.S.
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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 (Diagnostic Medical Equipment, Emergency
Resuscitation Equipment, Personal Protective Equipment, Patient Handling
Equipment, Other Equipment), by Application (Cardiac Care, Cancer Care,
Respiratory Care, Trauma, and Others) and by Region (North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to
2026"
Manufacturers in emergency
medical equipment market are focused on strategic merger and acquisition in
order to strengthen their leadership position in the market. For instance, in
June 2018, Royal Philips announced the acquisition of Remote Diagnostic
Technologies (RDT), a UK-based leading innovator of advanced solutions for the
pre-hospital market providing monitoring, cardiac therapy and data management.
Industry players are also collaborating with government organization to deliver
best emergency care services. For instance, in 2017, Tactical Medical Solutions
and the American Red Cross entered into a brand licensing partnership for the
SOF Tactical Tourniquet Wide to deliver a superior tourniquet on the market.
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Report: https://www.coherentmarketinsights.com/market-insight/emergency-medical-equipment-market-2161
Key Takeaways of the Emergency
Medical Equipment Market:
The global emergency medical
equipment market is expected to expand at a CAGR of 6.1% during the forecast
period (2018 – 2026), owing to increasing demand for medical emergency and
rising government funding for emergency medical services.
Among product type, emergency
resuscitation equipment segment is expected to hold the major revenue share in
2017, owing to high usage of respiratory devices in emergency care.
Among application, the cardiac
care segment is expected to grow at highest rate, owing to increasing number of
cardiac disorders worldwide. For instance, according to American Heart
Association 2015 report, around 84 million people in this U.S. suffer from some
form of cardiovascular disease, causing about 2,200 deaths a day.
Major players operating in the
global emergency medical equipment market include 3M, Abbott, Asahi Kasei
Corporation, B. Braun Medical, BD, Cardinal Health, GE Healthcare, Henry Schein,
Johnson & Johnson, Philips Healthcare, Smith & Nephew, and Stryker
Corporation
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