Industry Trends

North America Emergency Medical Supplies Market share was valued at USD 14.2 Billion in 2019 and is expected to witness -17.8% CAGR from 2020 to 2026.

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Rising cases of trauma injuries, growing demand for emergency care and increasing healthcare expenditure by the government will augment North America emergency medical supplies market growth. As per the American Association for the Surgery of Trauma, trauma injuries account for over 150,000 deaths per year in the U.S. Approximately 38,000 people die due to road accidents in the U.S. Thus, growing accidents that require immediate medical attention will substantially escalate the demand for emergency medical supplies market during forcast period.

Due to growing number of COVID-19 patients, the federal government announced a plan that will boost production of medical supplies by Canadian companies. This initiative will scale up the production of emergency medical supplies including masks and ventilators in the country. Such initiatives undertaken by several government will offer immense potential to emergency medical supplies market growth.

North America Market Growth, By Type

Based on product, the segments analyzed in this report include infection control products, diagnostics and monitoring equipment, therapeutic respiratory devices, cardiac equipment, wound care supplies, patient handling equipment and others. Therapeutic respiratory devices product segment held around USD 1.7 billion revenue in 2019. According to the Center for Disease Control, in the U.S., over 923,000 emergency vists were reported with emphysema and chronic obstructive pulmonary disease in 2017. Moreover, recent COVID-19 outbreak escalated the demand for ventilators along with several other medical supplies in the region. Thus, therapeutic respiratory devices will witness robust market growth during analysis period.

North America Market Share, By Application

Based on type, emergency medical supplies market comprise of cardiac care, respiratory care, trauma and others. Respiratory care segment was valued over 4.0 billion in 2019. As reported by the Center for Disease control and Prevention, in U.S., COPD was the third major cause of mortality in women. Thus, significant increase in patients with respiratory disorders and related emergencies will stimulate the segmental growth. Furthermore, the risk of COVID-19 in people suffering from asthma and other lung disorders is high, thus further driving the adoption of respiratory care emergency supplies over forecast period.

North America Market Forecast, By Distribution Channel

Based on distribution channel, the segments analyzed in this report include retail stores, e-commerce and others. Retail stores segment held more than 25% revenue share in 2019 and is projected to grow at lucrative CAGR during forecast timeframe. Owing to factors such as convenience and easy availability of medical supplies at nearby locations will offer lucrative potential to Retail stores segment growth in the upcoming years.

North America Market Trends, By End-use

Based on end-use, the emergency medical supplies market comprise of hospitals, trauma centers, ambulatory surgical centers, specialty cilinics and others. Trauma centers segment held about 24.2% market share in 2019. Developed infrastructure with advanced medical facilities and presence of skilled workforce in trauma centers will drive its growth in the forthcoming years. Furthermore, rising healthcare expenditure by the government will escalate the demand for emergency medical supplies in trauma centers.

North America Size, By Country

Canada emergency medical supplies market accounted for about USD 1.2 billion revenue oin 2019. Rising number of cases of coronavirus infected patients, favourable government policies and rising adopton of emergency medical supplies in growing number of healthcare settings will expand the market growth in Canada. Availability of sophisticated healthcare facilities will further impel the industry growth in the country.

Competitive Market Share

Some of the key market players involved in North America Emergency Medical Supplies Market include Stryker, Medtronic plc., GE Healthcare and Smith & Nephew among other market players. These major market players are adopting various business strategies such as new product development, mergers and acquistions to set their footprint in the industry. For instance, in April 2019, Stryker signed an acquistion agreement with Wright Medical Group. This strategic acquisition aimed at strengthening Stryker’s trauma and extremities business.

Industry Background

The emergency medical supplies dated back to centuries and has seen rapid growth during wars. Initially across the region emergency medical services (EMS) agencies faced numerous challenges with regards to funding, workforce, management and infrastructure. In 1910, the American Red Cross began offering first-aid training programs to improve civilian bystander care. Further during World Wars I and II, advancements in emergency medical services initiated. With rapid development and rising healthcare expenditure over period demand for emergency care have also increased in the region.