The Global EmergencyMedical Equipment Market, by Product Type (Diagnostic Medical Equipment,Emergency Resuscitation Equipment, Personal Protective Equipment, PatientHandling Equipment, Other Equipment), by Application (Cardiac Care, CancerCare, Respiratory Care, Trauma, and Others), and by Region (North America,Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$17.8 billion in 2017, and is projected to exhibit a CAGR of 6.1% over theforecast period (2018 - 2026).
Government plays a crucial rolein the provision of emergency medical services. Therefore, increasing number ofgovernment Emergency Medical Service (EMS) programs are considered to be themajor factor driving growth of the global emergency medical equipment market.For instance, programs such as Emergency Medical Services for Children, theOffice of EMS, and the Division of Injury Response coordinate their efforts foremergency services through regular communications, collaboration, and planningon numerous projects. Moreover, increased government funding for the managementof natural disaster is expected to increase demand for advanced emergencymedical services eventually driving the emergency medical equipment marketrevenue. For instance, in 2017, the U.S. Congress approved a two-year budgetthat included US$ 130 billion for disaster management. Federal EmergencyManagement Agency (FEMA) is the primary federal agency for funding assistanceafter a disaster in the U.S.
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Browse 25 Market Data Tables and27 Figures spread through 165 Pages and in-depth TOC on "Emergency MedicalEquipment Market, by Product Type (Diagnostic Medical Equipment, EmergencyResuscitation Equipment, Personal Protective Equipment, Patient HandlingEquipment, Other Equipment), by Application (Cardiac Care, Cancer Care,Respiratory Care, Trauma, and Others) and by Region (North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to2026"
Manufacturers in emergencymedical equipment market are focused on strategic merger and acquisition inorder to strengthen their leadership position in the market. For instance, inJune 2018, Royal Philips announced the acquisition of Remote DiagnosticTechnologies (RDT), a UK-based leading innovator of advanced solutions for thepre-hospital market providing monitoring, cardiac therapy and data management.Industry players are also collaborating with government organization to deliverbest emergency care services. For instance, in 2017, Tactical Medical Solutionsand the American Red Cross entered into a brand licensing partnership for theSOF Tactical Tourniquet Wide to deliver a superior tourniquet on the market.
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Key Takeaways of the EmergencyMedical Equipment Market:
The global emergency medicalequipment market is expected to expand at a CAGR of 6.1% during the forecastperiod (2018 – 2026), owing to increasing demand for medical emergency andrising government funding for emergency medical services.
Among product type, emergencyresuscitation equipment segment is expected to hold the major revenue share in2017, owing to high usage of respiratory devices in emergency care.
Among application, the cardiaccare segment is expected to grow at highest rate, owing to increasing number ofcardiac disorders worldwide. For instance, according to American HeartAssociation 2015 report, around 84 million people in this U.S. suffer from someform of cardiovascular disease, causing about 2,200 deaths a day.
Major players operating in theglobal emergency medical equipment market include 3M, Abbott, Asahi KaseiCorporation, B. Braun Medical, BD, Cardinal Health, GE Healthcare, Henry Schein,Johnson & Johnson, Philips Healthcare, Smith & Nephew, and StrykerCorporation
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