Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.79 Billion | USD 9.68 Billion | 3.9% | 2021 |
FrequentlyAsked Questions
Owing to growing frequency of natural calamities and rising cases of accidents are the major factors contributing to growing prevalence of emergency hospitalization. This has led to growing demand for ambulance and emergency equipment thereby fostering the market growth. In addition, the market is growing due to the aging population, rising number of chronic diseases, growing initiatives of government, and changing lifestyles.
According to the Zion Market Research report, 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..
The global ambulance and emergency equipment market is expected to be dominated by North America during the forecast period, which can be likened to a number of factors, including favorable reimbursement policies & regulatory reforms in the healthcare industry, a developed healthcare infrastructure, the rising demand for high-quality healthcare services, and the presence of several major market players in this region. The market for ambulance and emergency equipment has benefited from the U.S. healthcare system's focus on standard patient healthcare and value-based services
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.
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