Skip to main content

Increase in Medical Emergencies and Physical Injuries to Boost the Emergency Medical Equipment Market Growth

 


Emergency medical equipment is an integral part of the healthcare industry. It includes specialized products and equipment to assist in the provision of emergency care. Emergency medical equipment help in monitoring patients in uncontrolled environments in a pre-hospital setting. Several medical emergencies and physical injuries such as trauma are life-threatening and require quick medical attention. Thus, the increasing incidence of medical emergencies and trauma injuries create significant growth opportunities for the market. In the United States, around 3 million non-fatal injuries occur each year, causing more than 150,000 deaths, according to the American Association for the Surgery of Trauma.

The geriatric population is more prone to various medical emergencies such as respiratory diseases, cardiac arrest, and other medical urgency. According to the World Health Organization, the world's population aged 60 years and older is expected to total 2 billion by 2050, up from 900 million in 2015. Today, 125 million people are aged 80 years or older. Moreover, increasing demand for emergency medical equipment and well-established healthcare facilities are also expected to drive the emergency medical equipment market growth. However, improper functioning (leads to product recall) and the high cost of equipment is expected to restrain the market growth.

Based on type, the market can be classified into patient handling equipment, infection control supplies, wound care consumables, emergency resuscitation equipment, patient monitoring systems, personal protection equipment, and others. Moreover, recent improvements in critical patient care and sudden infectious outbreaks, including COVID-19, will contribute to the tremendous demand for emergency medical equipment. As of December 23, the virus has infected more than 78 million people worldwide, and thus, the demand for emergency medical equipment from COVID-19 affected countries has increased, driving the market growth. Various efforts and initiatives are being taken by organizations and industry leaders to meet the unprecedented need.

Technological advancements coupled with infrastructure development, as well as increasing government funding, is also expected to increase the demand for such equipment. In terms of geography, the emergency medical equipment market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Key players active in the market are adopting various strategies (such as product launch, mergers and acquisition, etc.) to strengthen their market presence. For example, in April 2020, Stryker launched emergency relief beds to provide efficient care solutions during the pandemic. Moreover, in June 2018, Royal Phillips acquired Remote Diagnostic Technologies to strengthen its market presence in the resuscitation and emergency care industry.

 

Comments

Popular posts from this blog

Disposable Infusion Extension Lines Market Is Growing Rapidly Due To Rise in Number of Chronic Disease Cases All Over the World

  Overview: The disposable infusion extension lines are an important part of insulin pump therapy. It allows continuous insulin delivery. It is also known as a butterfly vein set or a scalp vein set. The device consists of a hypodermic needle, flexible wings, and small bore tubing. The extension line is then attached to the insulin pump or other devices. The disposable infusion extension line market is dominated by North America. The rising incidence of road accidents is a major driving factor for the growth of the market in this region. Disposable Infusion Extension Lines Market Drivers:- Major driver for growth of the global disposable infusion extension lines market is increasing blood donation campaigns. According to a survey conducted by World Health Organization (WHO), in 2015, more than 51.2 million people in India donate blood annually. The survey also reports that the need for blood donation camps have increased due to rise in road accidents. According to a survey c...

PACS and RIS Market To Witness Substantial Growth Due To Growing Popularity of PACS around the World

  Overview: A PACS system is a database of medical images and other medical information. It is generally stored in an RIS, though radiologists may choose to view the results directly in PACS. Cloud PACS solutions, however, allow radiologists to access even more information. Moreover, many providers boast of being able to integrate PACS with RIS. However, they are unable to quantify the integration time. RIS and PACS solutions are designed to facilitate interoperability among imaging devices. This is done by creating a standardized communication interface based on DICOM standards. The RIS acts as a master system that provides image management and move control functions.   Market Dynamics: The popularity of PACS is growing all over the world and this is anticipated to propel growth of the global PACS and RIS market over the forecast period. PACS help to reduce the physical as well as time barriers linked to regular film-based retrieval, display and distribution of images. ...

Biologics Market Increasing Prevalence of Chronic Diseases to Augment Growth of the market

  A  biologic  drug ( biologics ) is a product that is produced from living organisms or contains components of living organisms.  Biologic  drugs are widely used to prevent, diagnose, treat, or cure a variety of diseases, including infectious diseases, autoimmune disorders, chronic kidney disease, and cancer. Market Dynamics In the recent past, several novel biopharmaceutical products were approved by major regulatory bodies and major players in the market have launched various novel and innovative biopharmaceutical products. Rapid approvals and launches of novel products in the market are expected to be major drivers for growth of the biologicsmarket .