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Emergency Medical Supplies Market to cross $50 Bn by 2026

  • Published Date: April 21, 2020

Emergency Medical Supplies Market size is predicted to exceed USD 50 billion in 2026; according to a new research report by Global Market Insights Inc.

Expanding geriatric pool and rising prevalence of infections will act as major factors driving the global emergency medical equipment market growth. Increasing risk of acquiring infectious diseases and comorbidities by elderly people due to low immunity will stimulate the demand. Moreover, recent outbreak of Ebola virus disease and COVID-19 will highly impact emergency medical supplies market growth during the upcoming years.

Emergence of COVID-19 affecting millions of people globally will accelerate the demand for emergency medical supplies

Incidence of COVID-19 has affected millions of people across the globe resulting into increasing hospital admissions. Also, growing development activities owing to rising need for quick diagnosis and treatment provide attractive opportunity and rationale for manufacturing firms. However, sudden increase in number of infected individuals has increased the demand and supply gap for emergency medical supplies leading to product shortage, that may limit business growth.

Europe Emergency Medical Supplies Market

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Growing incidence of CVDs will spur the market demand for patient handling equipments

Patient handling equipment market was valued over USD 4.2 billion in 2019. Owing to growing prevalence of various chronic diseases, trauma injuries and road accidents, the adoption of patient handling equipment will upsurge. In addition, as per studies by several healthcare research institutes, risk of fatality due to coronavirus infection is high in patients with pre-existing heart and respiratory disorders, that will further create demand for patient handling equipment in the coming years.

Browse key industry insights spread across 200 pages with 458 market data tables & 33 figures & charts from the report, Emergency Medical Supplies Market Size By Type (Infection Control Products {Hand and Arm Protection Equipment, Eye and Face Protection Equipment, Head Protection Equipment}, Diagnostics and Monitoring Equipment {ECG Monitors, Blood Pressure Monitors, Blood Glucose Monitors, Blood Gas and Electrolyte Analyzers, Pulse Oximetry}, Therapeutic Respiratory Devices {Tubes, Ventilators, Inhalers}, Cardiac Equipment {Defibrillation Supplies, Pacemaker}, Wound Care Supplies {Dressings and Bandages, Sutures and Staples}, Patient Handling Equipment {Patient Lifting Equipment, Medical Beds, Wheelchairs and Scooters}), By Application (Cardiac Care, Respiratory Care, Trauma), By Distribution Channel (Retail Pharmacy, E-commerce), By End-use (Hospitals, Trauma Centers, Ambulatory Surgical Centers, Specialty Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026in detail along with the table of contents:

Escalating hospital admissions associated with cardiac emergencies will foster the demand for cardiac care units

Cardiac care emergency medical supplies market accounted for over 25% revenue share in 2019. Cardiac disorders such as pulmonary embolism, acute infective endocarditis, arrythmia among others has affected millions of people worldwide. Therefore, growing demand for medical supplies in cardiac care to reduce the mortality rate has stimulated development activities. Various organizations are focused on research and development to attain growing demand for emergency medical supplies in cardiac care that will escalate market growth in the forthcoming years.

Preference for online product purchase during COVID-19 pandemic will offer segment expansion opportunity

Distribution of emergency supplies through e-commerce is forecast to progress rapidly and the segment was valued over USD 9 billion in 2019. Increase in number of internet users along with e-commerce platforms will extend market opportunities. Moreover, online channels provide ease in purchasing and delivery of medical supplies, thereby providing immense growth potential to the emergency medical supplies market share over 2020 to 2026.

Development in ambulatory surgical centres to tackle COVID–19 pandemic will foster market growth

Ambulatory surgical centres (ASCs) segment was valued over USD 5.2 billion in 2019 and will foresee robust market growth over through 2026. Improving infrastructure, adoption of advanced equipment along with well-equipped operation theaters is resulting into increasing preference of ASCs. Moreover, inflow of patients during COVID-19 pandemic for emergent surgeries will provide substantial growth to the market size.

Community-wise collaborations by health organizations will foster U.S. emergency medical supplies market growth

United States held more than 85% North American industry share in 2019 and will grow at a considerable CAGR during 2020 to 2026. Rising number of patients affected by COVID-19 in the country has resulted into rise in demand for emergency medical supplies. Different organizations are involved in adoption of strategic initiatives to meet growing demand for medical equipment. Moreover, rising hospital admissions due to increasing cardiovascular and respiratory diseases will also augment industry growth in the country. For instance, in 2016, CDC and WHO launched the Global Heart Initiative to support the government in controlling CVD prevalence.

Strategic agreements signed by prominent industry players will increase industry growth potential

Some of the notable players operating in the emergency medical supplies market share include Stryker, Medtronic, Inc., Phillips, GE Healthcare and Smith & Nephew among other players. These business leaders primarily focus on strategic alliances such as partnerships & collaborations, acquisitions & mergers, novel product launch and strategic agreements to broaden their product portfolio and capitalize on market opportunities. In April 2020, Smith & Nephew signed manufacturing contract with the UK Government to manufacture OxVent ventilators amid the COVID-19 outbreak. This will enhance the firm’s ability to grow extensively.

Authors: Sumant Ugalmugle, Rupali Swain