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Ambulance Equipment Market size is projected to expand at a commendable pace during the forecast period of 2023-2032. Ambulance equipment is mainly used to facilitate smooth transportation and rehabilitation of patients in emergency situations. Some of these devices include oxygen supply equipment, blood pressure gauges, automated external defibrillators, infusion pumps, first aid kits, and stethoscopes, among others.
Road accident cases are on the rise across the world. According to the WHO, approximately 1.3 million casualties are caused by road traffic crashes every year. Since road accident victims need immediate rescue and rehabilitation, the use of ambulance services can help shorten a patient’s recovery time from traumas and other injuries. The incidence of cardiovascular diseases is also increasing, resulting in emergency hospitalization.
Additionally, regions such as Europe are also witnessing strong growth in the percentage of the elderly population. As per WHO estimates, individuals aged 65 years and above will account for close to a quarter of the total population in Europe by 2050, an increase of more than 70% in the next 20 years. The geriatric population is at high risk of contracting chronic ailments, thereby fueling the usage of ambulance equipment.
The introduction of constant improvements in ambulance services is emerging as a prominent trend stimulating the demand for ambulance equipment during the forecast timeframe. Ambulance service providers are expanding their operations in emerging countries as the prevalence of traffic-related traumas is growing in these nations. Ambulance vans are undergoing upgrades to not only offer better and more efficient patient support in critical situations, but also reduce their carbon emissions.
Based on product type, the ambulance equipment market is bifurcated into burn care equipment, blood & hemorrhage control devices, respiratory and hypothermia equipment, diagnostics & infection control equipment, transportation equipment, cardiac equipment, and others. The industry value from the cardiac equipment segment is predicted to increase considerably by 2032, due to the high incidence of cardiac arrests and strokes among the global population.
As per estimates from the American Heart Association, more than 356,000 out-of-hospital cardiac arrests are recorded in the U.S. every year, of which 90% are fatal. Cardiovascular diseases (CVDs) require immediate medical care as there is a high mortality rate associated with such conditions, necessitating the adoption of advanced medical services. These aspects will, in turn, spur the deployment of ambulance devices.
Based on ambulance service, the industry size from the air ambulance service segment is predicted to showcase a commendable CAGR through 2032. The need for emergency medical care is increasing among patients suffering from chronic health conditions. Air ambulance services are typically offered by leading hospitals to fulfill the needs of patients in remote locations that need emergency medical care.
Many reputed healthcare organizations are launching air ambulance services to help people living in remote locations get easier access to primary healthcare facilities. For instance, in India, AIIMS Rishikesh declared plans to launch air ambulance services as a pilot project led by MoCA (Union Ministry of Civil Aviation), to provide emergency medical services to underserved areas via helicopters.
North America ambulance equipment market is estimated to grow at a promising rate during the forecast timeline. This growth can be attributed to the cost-saving options offered by the region’s ambulance services. As the demand for emergency care before hospitalization is rising among patients, the adoption of ambulance equipment is also likely to increase.
Moreover, the surging number of emergency cases and the growing presence of companies providing high-quality ambulance services may boost the North American ambulance equipment market forecast. For example, in July 2022, the Canadian province of Nova Scotia signed a deal with Tri-Star Industries to receive a brand-new fleet of ambulances and patient transport vehicles to improve the quality of emergency care services in the region.
3M, Ambu A/S, Allied Healthcare Products, Inc., Hersill, Draeger, BLS Systems, McKesson Corporation, ROYAX Medical Equipment, Medtronic plc, Stryker Corporation, and many others are some of the key organizations involved in the global ambulance equipment market. These companies are implementing various strategic plans and initiatives to maintain their market position