Ambulance Equipment Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

An ambulance is a medically equipped vehicle that transports patients to treatment facilities, such as hospitals. In some instances, out-of-hospital medical care is provided to the patient. Ambulances are used to respond to medical emergencies by emergency medical services. For this purpose, they are generally equipped with flashing warning lights and sirens. They can rapidly transport paramedics and other first responders to the scene, carry equipment for administering emergency care and transport patients to hospital or other definitive care. Most ambulances use a design based on vans or pick-up trucks. Others take the form of motorcycles, cars, buses, aircraft and boats. Ambulance equipment is a type of equipment used to aid patients at the time of medical emergencies, including accidents and surgeries, thus helping minimize personal injuries and preventing loss of life. The standard ambulance equipment carried by ambulance vans include automated external defibrillators, oxygen supply equipment, blood pressure gauges, infusion pumps, stethoscopes and first aid kits among several others. Various countries across the world have separate set of well-defined standards for type of ambulances and equipment to be carried with them.

Covid-19 Scenario analysis:

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. Most people who fall sick with COVID-19 will experience mild to moderate symptoms and recover without special treatment but there is an increased need for ambulance services. The burdened service has been marked with poor maintenance and excruciating wait hours. Many ambulance owners are not clear if they should ferry Covid patients to designated hospitals and quarantine centers. The need to discern between Covid and non-Covid patients, sanitizing the vehicle after carrying Covid positives, lack of protection gear and among others, harassment by law-enforcement authorities on interstate highways are dissuading small operators from hitting the road. Lesser number of ambulances are also causing a lot of hardships to grievously sick patients needing regulation. Thus, there is a high demand in market but because of shortage in manufacturing the market is facing a slowdown.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact analysis:

Drivers:

Rise in road accidents:

Road accident victims need immediate medical attention and necessary ambulance equipment and services to transport the casualties to hospitals. Thus, rising incidence of road accident is expected to drive the demand for ambulance equipment, thereby propelling the market growth. Rising road accidents will expand ambulance equipment market size in future. According to the Association for Safe International Road Travel, around 20 to 50 million people are either disabled or injured worldwide due to road accidents per year. Victims of road accidents require instant rescue and rehabilitation. Proper ambulance management at appropriate time assist patients in trauma management. Thus, with growing cases of accidents across the globe, the demand for ambulance equipment will expand in the forthcoming years. Increasing cases of bone fractures, trauma due to fall, and others, are increasing the demand for medical intervention (orthopedics); thus, augmenting the need for ambulance equipment products.

Rise in medical tourism:

Medical tourists travel from high-income countries to middle and low-income countries seeking healthcare at a lower price. With a growing wealthy class in developing countries and increased access to the Internet, more citizens from around the world are traveling to the U.S. to receive quality health care and advanced treatments. Major factors prompting adoption of medical tourism are less expenditure & more savings, lesser waiting period, better quality, world-class facilities, access to latest technology, longer hospital stay, ease of international travel combined with low airfares, and travel opportunities. This may surge the demand for air and ground ambulance services. The airway management equipment, blood & hemorrhage control equipment, and diagnostic & infection control equipment are some of the essential requirements in the ambulance services. These equipment provides immediate medical attention to the patients and allows safe transfer of patients to the treatment venue. Thus, rise in medical tourism is expected to boost the demand for ambulance equipment, thereby propelling the ambulance equipment market growth

Also, rise in geriatric population across various regions worldwide along with high prevalence of heart disease is expected to propel demand for ambulance equipment in the market.

Restrains:

The high cost related to emergency care services and lack of skilled professionals are two major factors restraining the growth of the global ambulance equipment market.

Key benefits of the report:

• This study presents the analytical depiction of the global ambulance equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Ambulance equipment market share.
• The current market is quantitatively analyzed to highlight the global ambulance equipment market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global Ambulance equipment market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Ambulance equipment Market research report:

• Which are the leading market players active in the Ambulance equipment market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Ambulance Equipment Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights