Global ambulance and emergency equipment market is expected to grow at a CAGR of 3.9% during the forecast period

The global ambulance and emergency equipment market size is expected to progress at a compound annual growth rate (CAGR) of 3.9% to achieve revenue growth of USD 9.68 Billion in 2028 from USD 7.79 Billion in 2021.

Among the first emergency services that are typically summoned in the event of a medical emergency is an ambulance, which offers care when necessary. The ambulance must thus be adequately outfitted to tackle the situation for which it is summoned. As with most motor vehicles, several ambulance models are utilized for various emergency situations. Others are only used to move a patient from one place to another, while some may be necessary to offer life-saving medical care. Ambulances must be outfitted with the appropriate equipment in order to be utilized for non-emergency single- or multi-patient transport, advanced life support, or basic life support. Most nations have a set of necessities that all ambulances must meet in order to receive approval.

The global ambulance and emergency equipment market is primarily driven by growing incidences of road accidents. Further, an aging population, government initiatives to enhance infrastructure development, growing demand for emergency medical services, an increasing incidence of chronic diseases, and an increase in the number of emergency medical hospitalization cases are a few other factors that are propelling the market's expansion. Moreover, heavy investments from the key players for the development of well-equipped ambulance with emergency equipment are also contributing to the market growth. However, the lack of skilled professionals and poor healthcare infrastructure in emerging economies may limit the growth of the market. On the other hand, factors such as technological advancements and the growing adoption of emergency equipment are estimated to have ample opportunities for the growth of the market during the forecast period.

The outbreak of covid-19 has led to increase in the growth of the global ambulance and emergency equipment market. The rising cases of covid-19 resulted in an increase in the adoption of ambulance and emergency equipment.

Based on the kind of service, product, and geographic location, the worldwide market for ambulances and emergency equipment is segmented. The three types of ambulance services offered on the international market are air, ground, and water. An increasing number of auto accidents are expected to result in the ground ambulance service category having the largest market share of about 50%. Transportation equipment, cardiac equipment, respiratory & hypothermia, diagnostic & infection control equipment, burn care equipment, blood & hemorrhage control devices, and other products make up the product type segment.

Regionally, North America is predicted to dominate the global ambulance and emergency equipment market and is estimated to retain its dominance during the forecast period. The presence of state-of-the-art healthcare facilities and the growing demand for quality healthcare services are driving the market in this region. The market in Europe is expected to grow at a healthy rate. On the other hand, Asia Pacific market is anticipated to grow at the fastest rate during the forecast period.

Major players operating in the global ambulance and emergency equipment market include Stryker, MCKESSON CORP., GE Healthcare, Covidine, BLS Systems, Ltd., 3M, Emergency Medical International, Ambu A/S, Tree Medical, and Drager Medical, Inc., among others.

Recent Developments

• In November 2019, with FDA clearance, PerSys Medical, a global leader in the development and marketing of innovative devices for pre-hospital and hospital emergency medical situations, may now begin selling them. US Food and Drug Administration (FDA) approval for the NIO Infant has been reported. The NIO Infant is a manual intraosseous (IO) access device that injects intravascular fluids and medications into the proximal tibia as a substitute for IV access in emergency medical situations.
• The first connected ambulance cot was unveiled in March 2022 by Stryker, one of the biggest global producers of medical equipment.

Browse the full “Ambulance and Emergency Equipment Market By Service (Water Ambulance Service, Ground Ambulance Service, Air Ambulance Service), By Product Type (Transportation Equipment, Cardiac Equipment, Respiratory & Hypothermia, Diagnostics & Infection Control Equipment, Burn Care Equipment, Blood & Hemorrhage Control Devices, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/ambulance-emergency-equipment-market

Global ambulance and emergency equipment market is segmented as follows:

By Service

• Water Ambulance Service
• Ground Ambulance Service
• Air Ambulance Service

By Product Type

• Transportation Equipment
• Cardiac Equipment
• Respiratory And Hypothermia
• Diagnostics And Infection Control Equipment
• Burn Care Equipment
• Blood And Hemorrhage Control Devices
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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