The emergency medical equipment market is driven by various factors such as the increasing prevalence of chronic diseases, growing geriatric population, and rising demand for emergency care services. The COVID-19 pandemic has also contributed to the growth of the market, as healthcare facilities have been under immense pressure to provide emergency care. Technological advancements in medical equipment have also played a significant role in the growth of the market, with innovations such as portable and wireless devices gaining popularity. However, high costs associated with emergency medical equipment and the lack of skilled professionals to operate them are some of the factors that may hinder market growth. Overall, the emergency medical equipment market is expected to continue to grow as demand for emergency care services increases.
Global Emergency Medical Equipment Market is estimated to be valued at US$ 23,820.4 Million in 2022 and is expected to exhibit a CAGR of 6.3 % during the forecast period (2020-2030).
Key Competitors in the Emergency Medical Equipment Industry:
1. 3M
Founded in 1902, 3M is a multinational conglomerate corporation based in Saint Paul, Minnesota, USA. The company operates in over 70 countries and has over 90,000 employees worldwide. 3M produces a wide range of products in areas such as healthcare, electronics, transportation, and consumer goods. In October 2021 that it had launched a new advanced wound care dressing called Tegaderm CHG I.V. Securement Dressing, which helps to reduce the risk of central line-associated bloodstream infections.
2. Abbott
Abbott was founded in 1888 and is headquartered in Abbott Park, Illinois, USA. The company operates in over 160 countries and has more than 109,000 employees. Abbott is a global healthcare company that produces medical devices, diagnostic products, and nutrition products. In February, 2023 Abbott and Cardiovascular Systems, Inc. (CSI), announced a definitive agreement for Abbott to acquire CSI, a medical device company with an innovative atherectomy system used in treating peripheral and coronary artery disease.
3. Asahi Kasei Corporation
Asahi Kasei Corporation was founded in 1922 and is headquartered in Tokyo, Japan. The company operates in over 100 countries and has more than 39,000 employees. Asahi Kasei is a diversified chemical company that produces products in areas such as electronics, healthcare, construction, and automotive.
4. B. Braun Medical Inc.
B. Braun Medical Inc. is a medical device company founded in 1839, with headquarters in Bethlehem, Pennsylvania, USA. The company operates in more than 60 countries and is known for its innovative products in the areas of anesthesia, intensive care, cardiology, and surgery. In November 2020, the company announced the launch of its LITE mesh, which is a lightweight mesh designed for use in laparoscopic hernia repair surgeries.
5. BD, or Becton, Dickinson and Company
BD, or Becton, Dickinson and Company, is a global medical technology company founded in 1897 and headquartered in Franklin Lakes, New Jersey, and USA. The company operates in more than 190 countries and is focused on improving healthcare outcomes by developing medical devices, diagnostic tests, and laboratory equipment. In March 2021, the company announced the launch of its Progel Pleural Air Leak Sealant, which is used in thoracic surgery, including hernia repair surgeries.
6. Cardinal Health, Inc.
Cardinal Health, Inc. is a healthcare services and products company founded in 1971, with headquarters in Dublin, Ohio, USA. The company operates in more than 60 countries and is focused on providing medical products, pharmaceuticals, and distribution services to healthcare providers. In March, 2023 Cardinal Health announced its collaboration with Signify Health to offer in-home clinical and medication management services through its Outcomes™ business. This collaboration will help reduce costs and eliminate gaps in care for more than 2.3 million members nationwide to support their treatment journey from prescription to pharmacy to home.
7. GE Healthcare
GE Healthcare, a subsidiary of General Electric Company, is a leading provider of medical technologies and services. The company was founded in 1892 and is headquartered in Chicago, Illinois, USA. GE Healthcare operates in more than 100 countries and is focused on improving healthcare outcomes through its medical imaging, information technologies, and life sciences businesses. In August, 2022 GE Healthcare, a leading global medical technology, diagnostics and digital solutions innovator, today announced its collaboration with Boston Scientific, a global medical device manufacturer, to provide end-to-end innovative interventional cardiac care solutions in India.
8. Henry Schein, Inc.
Henry Schein, Inc. is a healthcare products and services company founded in 1932, with headquarters in Melville, New York, USA. The company operates in more than 30 countries and is focused on providing a wide range of healthcare products and services, including dental, medical, and veterinary supplies.
9. Johnson & Johnson
Johnson & Johnson is a global healthcare company founded in 1886 and headquartered in New Brunswick, New Jersey, USA. The company operates in more than 60 countries and is focused on providing a broad range of medical devices, pharmaceuticals, and consumer health products. In July 2021, the company announced the launch of its CONTOUR Precision Mesh with Flex-Fit technology, which is designed to provide better fit and comfort to patients undergoing hernia repair surgery.
10. Philips Healthcare
Philips Healthcare, a subsidiary of Royal Philips, is a leading provider of medical technologies and services. The company was founded in 1891 and is headquartered in Amsterdam, Netherlands. Philips Healthcare operates in more than 100 countries and is focused on improving healthcare outcomes through its medical imaging, patient monitoring, and healthcare informatics businesses.
11. Smith & Nephew plc
Smith & Nephew plc is a medical technology company founded in 1856, with headquarters in London, United Kingdom. The company operates in more than 100 countries and is focused on providing a wide range of orthopedic, trauma, and wound care products.
12. Stryker Corporation
Stryker Corporation is a medical technology company founded in 1941, with headquarters in Kalamazoo, Michigan, USA. The company operates in more than 100 countries and is focused on providing a wide range of medical devices and equipment, including orthopedic implants, surgical instruments, and medical imaging systems.
*Definition- Emergency medical equipment refers to a set of tools and devices used by healthcare providers to deliver critical care to patients during emergencies. This may include items such as defibrillators, airway management equipment, and medication delivery systems
