EMERGENCY MEDICAL EQUIPMENT MARKET ANALYSIS

Emergency Medical Equipment Market, By Product Type (Diagnostic Medical Equipment, Emergency Resuscitation Equipment, Personal Protective Equipment, Patient Handling Equipment, and Others), By Application (Cardiac Care, Cancer Care, Respiratory Care, Trauma, and Others), By End User (Hospitals, Ambulatory Surgical Centers, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024
Code : CMI2161
Pages :165
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges – Increasing Product Recalls

Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration are expected to hinder the market growth over the forecast period. For instance, in September 2022, the U.S. Food and Drug Administration recalled a class I BiPAP machine, a type of ventilator, which is manufactured by Koninklijke Philips N.V., a medical device company. The device was recalled because the machines may contain plastic in their motors that release volatile organic compounds which have the risk for users inhaling dangerous volatile organic compounds and the plastic could also cause device failure.

Market Opportunities – Increasing Government Initiatives

Increasing government initiatives is expected to offer lucrative growth opportunities over the forecast period. For instance, in October 2022, the government of India, announced that it had launched the new Helicopter Emergency Medical Services under project ‘Sanjeevani’ and the service will start at AIIMS, Rishikesh, India, that intends to expand medical outreach and access to trauma care services to a wider population across the country using helicopters.