Emergency Medical Supplies Market at a CAGR of 6.35% to hit $ 35,055.93 Million by 2027
Emergency Medical Supplies Market is expected to cross USD 35,055.93 Million by 2027 at a CAGR of 6.35%.
Emergency medical supplies are an integral part of health care systems. It includes lifesaving equipment and products to aid in the provision of emergency care. The emergency medical supplies market is a very dynamic market that consists of various medical supplies and products from life support and emergency resuscitation equipment to personal protection equipment. Medical supplies are important in the management of critically ill patients suffering from cardiac, respiratory, oncology, and other medical complications.
The rising prevalence of COVID-19 across the globe is expected to influence the emergency medical supplies market growth during the forecast period. The rising cases of COVID-19 are directly responsible for increasing hospitalization and admissions in emergency wards. According to the report published by the World Health Organization (WHO), as of 11 June, 2020 more than 7 million patients from around 261 countries were suffering from COVID-19. Thus, the rising hospitalization of COVID-19 patients is likely to influence the demand for emergency medical supplies around the world.
Emergency Medical Supplies Market Segmentation
By Product Type
By Distribution channel
Emergency Medical Supplies Market Key Players
|Market Size||2027: USD 35,055.93 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Application, Distribution Channel and End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||B. Braun Melsungen AG (Germany), Messer Group (Germany), Hokai Nuku (New Zealand), ERBE Medical Pvt. Ltd. (Germany), CONMED Corporation (US), Medtronic Plc. (US), KLS Martin Group (Germany), Hutong (China), Shanghai Huifeng Medical Instrument Co., Ltd. (China), and BOWA-Electronic GmbH & Co. KG (Germany), among others|
|Key Market Opportunities||Rising Hospitalization of COVID-19 Patients is likely to influence the demand for Emergency Medical supplies around the world.|
|Key Market Drivers||
By 2027, the emergency medical supplies market value can cross USD 35,055.93 Million.
The market is projected to expand at a rate of 6.35% in the years ahead.
Emergency medical supplies help manage critically ill patients that suffer from oncology, respiratory, cardiac, and various other medical complications.
The primary growth inducers in the market include the increasing cases of chronic disorders worldwide and the surge in government initiatives for advancements in the healthcare industry.
The key types of patient monitoring systems in the market are hemodynamic monitors, temperature monitoring devices, prenatal and neonatal monitors, neurological monitors, microelectromechanical systems, respiratory monitoring devices, cardiac monitors, and more.