Top 5 Growth Strategies in the Ambulance Equipment Market: Forecast 2023–2033
Top 5 Growth Strategies in the Ambulance Equipment Market: Forecast 2023–2033
According to a research report published by Spherical Insights & Consulting, The Global Ambulance Equipment Market Size is Expected to Grow from USD 5.07 Billion in 2023 to USD 6.98 Billion by 2033, at a CAGR of 3.25% during the forecast period 2023-2033.
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Ambulance equipment is medical tools, devices, and supplies carried in an ambulance to administer emergency medical care and support to patients undergoing transport to a healthcare facility. Ambulance equipment is very crucial in the assessment, stabilization, and treatment of patients in pre-hospital settings. They can transport paramedics and other first responders to the scene promptly, carry equipment for emergency care, and transport patients to hospitals or other final care facilities. Most ambulances are based on pickup trucks or vans. Equipment, which is mainly used for medical issues, is one of the most crucial requirements for the ambulance service. Traffic accidents are becoming more frequent, and these incidents necessitate both ambulance services and emergency medical attention. Furthermore, a rise in traffic accidents will increase the need for ambulance equipment and propel market expansion. As medical tourism increases, there will be a greater need for ambulance equipment, which will propel the market’s expansion. However, the factors hampering the growth of the global ambulance equipment market are the high cost of emergency medical services and a lack of skilled workers.
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Browse key industry insights spread across 270 pages with 110 Market data tables and figures & charts from the report on Global Ambulance Equipment Market Size, Share, and COVID-19 Impact Analysis, By Equipment Type (Transportation, Burn Care, Diagnostic and Infection Control, Blood and Hemorrhage Control, Respiratory, Hypothermia, Cardiac, and Other Equipment), By End-User (Air Ambulance, Water Ambulance, and Ground Ambulance), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The respiratory segment is expected to hold the greatest share of the global ambulance equipment market during the forecast period.
Based on the equipment, the global ambulance equipment market is categorized into transportation, burn care, diagnostic and infection control, blood and hemorrhage control, respiratory, hypothermia, cardiac, and other equipment. Among these, the respiratory segment is expected to hold the greatest share of the global ambulance equipment market during the forecast period. This is demonstrated by its vital function in managing emergencies as well as the rise in respiratory conditions’ incidence globally.
The ground ambulance segment is expected to hold the greatest share of the global ambulance equipment market during the forecast period.
Based on the end-user, the global ambulance equipment market is categorized into air ambulance, water ambulance, and ground ambulance. Among these, the ground ambulance segment is expected to hold the greatest share of the global ambulance equipment market during the forecast period. This is due to its wide usage, cost-effectiveness, and a vital role in emergency medical services. The increasing demand for rapid response and effective patient transport, along with advances in ambulance equipment, further drive the growth of market share.
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North America is expected to hold the largest share of the global ambulance equipment market over the projected timeframe.
North America is expected to hold the largest share of the global ambulance equipment market over the projected timeframe. Well-established medical facilities and emerging innovative surgical techniques are two major factors driving market expansion. Numerous factors, such as the presence of several major market participants, the growing need for well-developed healthcare facilities and high-quality healthcare facilities, and the positive regulatory changes and compensation practices in the healthcare industry.
Asia Pacific is expected to grow at a rapid rate in the global ambulance equipment market over the predicted timeframe. The development of healthcare facilities, the existence of numerous opportunities for major market players, and the growing public awareness of advanced medical equipment are some of the factors driving the medical equipment market’s expansion in this region. Furthermore, a rise in accidents, bone fractures, trauma from falls, and other incidents is increasing the need for orthopedic treatments, raises the demand for ambulance equipment.
Major vendors in the global ambulance equipment market are 3M Company, Medtronic Plc, GE Healthcare, Stryker Corporation, Allied Healthcare Products, Inc., Ambu A/S, Smiths Medical (ICU Mdical), Ferno-Washington, Inc., BLS System, Ltd., Dragerwerk AG & Co. KGaA., Zoll medical corporation (Asahi Kasei Corporation), B. Braun Melsungen AG, Covidine, Emergency Medical Products, Inc., First Care Products, Ltd., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In October 2024, The Avalus Ultra aortic valve was introduced by Medtronic in Europe during the EACTS annual congress in Lisbon. The low profile and sophisticated design of this novel valve, which builds on ten years of clinical experience, improve blood flow and visibility for upcoming procedures. With the advent of new technologies like the VitalFlow ECMO and Penditure LAA exclusion, Medtronic hopes to improve surgical aortic valve replacement options and broaden its range of cardiac surgery procedures.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global ambulance equipment market based on the below-mentioned segments:
Global Ambulance Equipment Market, By Equipment Type
- Transportation
- Burn Care
- Diagnostic and Infection Control
- Blood and Hemorrhage Control
- Respiratory
- Hypothermia
- Cardiac
- Other Equipment
Global Ambulance Equipment Market, By End-User
- Air Ambulance
- Water Ambulance
- Ground Ambulance
Global Ambulance Equipment Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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