Ambulance Equipment Market Worth $5.45 Billion By 2026 Due To Rising Cases Of Cardiovascular Diseases, Increasing Medical Tourism, And Road Accidents | Grand View Research, Inc.
The global ambulance equipment market size is expected to reach USD 5.45 billion by 2026, expanding at a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. The rising cases of cardiovascular diseases, increasing medical tourism, and increasing cases of road accidents globally are the key driving factors for the ambulance equipment market.
Cardiovascular diseases (CVDs) such as cardiac arrest, congestive heart failure, stroke, & coronary artery disease, require immediate medical attention and emergency medical services. In such cases, blood & hemorrhage control equipment is very much essential to deal with CVD patients as it provides primary care. As per the CDC in 2015, every year, approximately 735,000 cases of heart attack are reported in the U.S. As per the report published by the British Heart Foundation in 2018, there are approximately 200,000 hospital visits every year due to heart attacks, which is one visit in every three minutes. Therefore, such instances are expected to surge the ambulance equipment market growth.
Moreover, presence of a large population pool over 60 years, which typically has a lower immunity level and are prone to neurological diseases, cardiac problems, cancer, and spinal injuries.Geriatric population are highly susceptible to diseases such as arthritis, heart attacks, stroke, osteoporosis, and obesity. For instance, as per the WHO in 2018, globally, the number of people aged 65 or older is anticipated to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050. Furthermore, road accident victims also need immediate medical attention owing to which demand for ambulance equipment are expected to increase. Thus, such factors are expected to positively impact the market growth.
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Ambulance Equipment Market Report Highlights
• In terms of revenue, ground ambulance segment held the largest share in 2018 owing to the rising cases of road accidents and CVDs across the globe.
• Burn care equipment segment is expected to witness the fastest growth rate over the forecast period owing to the increasing incidence of burn cases across the globe.
• Asia Pacific ambulance equipment market is expected to witness the fastest growth over the forecast period owing to the presence of huge opportunities for key players and increase in number of road accidents.
• Prominent players present in the wound biologics market are Emergency Medical Products, Inc., Persys Medical, Emergency Medical International, and Ambu A/S.
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Ambulance Equipment Market Segmentation
Grand View Research has segmented the ambulance equipment market report on the basis of equipment, transportation mode, and region:
Ambulance Equipment Outlook (Revenue, USD Million; 2015 – 2026)
• Transportation Equipment
• Burn Care Equipment
• Diagnostic And Infection Control Equipment
• Blood And Hemorrhage Control Equipment
• Others
Ambulance Equipment Transportation Mode Outlook (Revenue, USD Million; 2015 – 2026)
• Air Ambulance
• Water Ambulance
• Ground Ambulance
Ambulance Equipment Regional Outlook (Revenue, USD Million; 2015 – 2026)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa
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Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.
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