AMBULANCE EQUIPMENT MARKET ANALYSIS

Ambulance equipment is one of the major contributors to hospital revenue and the performance of the healthcare system. Ambulatory care equipment provides diagnosis, observation, and intervention services to patients with advanced medical treatments. Key player’s manufactures ambulance equipment which include emergency resuscitation kit, ambulance defibrillator, transport ventilator, transport monitor, and syringe infusion pump.

The global ambulance equipment market is estimated to be valued at US$ 5,031.7 million by 2022 and is expected to exhibit a CAGR of 3.3% during the forecast period (2022-2030).

Figure 1. Global Ambulance Equipment Market Share (%), by End User, 2022

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Increasing number of accidents and serious injuries is expected to drive the growth of the global ambulance equipment market

The Increasing number of accidents is expected to drive the market growth over the forecast period. Increasing cases of bone fractures, trauma due to fall, and others are propelling the demand for medical intervention (orthopedics), thus augmenting the need for ambulance equipment products. For instance, in November 2019, according to Stanford Children's Health, in the U.S., about 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries occur each year which require immediate health care service such as ambulance to hospitalize the injured patient. More than 3.5 million children ages 14 and younger get hurt annually playing sports or participating in recreational activities. Although death from a sports injury is rare, the leading cause of death from a sports-related injury is a brain injury. Almost 50% of head injuries sustained in sports or recreational activities occur during bicycling, skateboarding, or skating incidents. Most of the injuries occurred as a result of falls, being struck by an object, collisions, and overexertion during unorganized or informal sports activities. Thus, the rising number of severe injuries during sports and other activities is driving the demand for healthcare services such as ambulance.

Figure 2. Global Ambulance Equipment Market Share (%), by Region, 2022

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Increasing number of ambulance services, which can be availed by patients directly or by hospitals and other organizations, is directly boosting the growth of the global ambulance equipment market

The increasing number of ambulance services, which can be availed by patients directly or by hospitals and other organizations, is directly boosting the growth of the ambulance equipment market. For instance, in December 2019, according to States of Jersey, Government of Jersey, the executive body of the States of Jersey, Ambulance Service vehicles, the Ambulance Service has a total of 22 vehicles, covering emergency response, patient transport, and intermediary services. The Ambulance Service has 12 emergency response vehicles which include seven emergency ambulances, two rapid response cars, one see and treat vehicle, and two major incident vehicles. The Ambulance Service operates a non-emergency Patient Transport Service (PTS), which has 10 mini-buses. For eligible patients, PTS provides travel to and from outpatient appointments including physiotherapy, travel for admissions, discharges, and transfers between wards at the general hospital, Overdale and St Saviour’s hospital, travel to and from Jersey Hospice, and transfers to and from the airport. The Ambulance Service also has an intermediary crew who provides an essential service for patients that need charter flights with a medical team on board. The intermediary crew also provide a service for routine discharges and assist frontline crews when required.

Global Ambulance Equipment Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways: by directly affecting production and demand of goods, commodities, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with regard to the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the global ambulance equipment market, owing to the increased stress of emergency services during the COVID-19 period. For instance, in August 2021, according to the Government of Jersey, the executive body of the States of Jersey and the central government of the Bailiwick of Jersey, the Ambulance Service received 13,435 emergency calls in 2021. This represents an average of 37 emergency calls per day. This is an increase of 19% from 2020 in which there were 11,333 calls in the first wave of coronavirus.

Global Ambulance Equipment Market: Key Developments

On July 12 2022, AmeriPro Health LLC, a newly formed portfolio of healthcare companies, acquired Mississippi-based CareMed EMS, an emergency and non-emergency ambulance service provider serving Mississippi and Tennessee. The acquisition helped AmeriPro Health dramatically increase its capabilities and Southeast presence in addition to Georgia and Florida, while providing existing CareMed EMS access to additional infrastructure and capital resources to support current growth and meet the growing demand for services. AmeriPro Health is the new parent company of AmeriPro EMS and CareMed EMS and was formed to support the expansion of innovative mobile healthcare solutions. The company plans to continue expansion into other areas supporting its mission of patient centered, value-based services to provide sophisticated emergency, critical care and non-emergency medical transport, and patient logistics.

Global Ambulance Equipment Market: Restraint

The major factors that hinder the growth of the global ambulance equipment market include the high cost of ambulance equipment and ambulance bills. For instance, in February 2021, the American Ambulance Association stated that ambulance bills can exceed US$1,000 and occasionally even reach US$2, 00. Stretchers, which were only US$2,500 in the 1990s now cost as much as US$40,000.

Key Players

Major players operating in the global ambulance equipment market include 3M, BLS Systems, Ltd., Medtronic Plc, GE Healthcare, Stryker Corporation, Allied Healthcare Products, Inc., Dragerwerk AG & Co. KGaA., Ambu A/S, Emergency Medical International, First Care Products, Ltd., and Emergency Medical Products, Inc.