Industry Trends

Asia Pacific Emergency Medical Supplies Market growth was valued at USD 6.3 million in 2019 and is expected to witness -16.4% CAGR from 2020 to 2026.

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Improving scenario pertaining to emergency care services and advancement of equipment in emerging economies will positively impact Asia Pacific emergency medical supplies market growth. Several government policies and initiatives to support supply for emergency medical supplies in healthcare facilities during pandemic will ensure substantial market growth in the coming period.

Growing incidence of chronic diseases among geriatric population will increase the demand for emergency medical supplies in the future. According to the Australian Institute of Health and Welfare, arthritis, cancer, cardiovascular diseases (CVDs), chronic obstructive pulmonary disorder (COPD), diabetes and mental health conditions among others, accounted for about 37% of hospitalizations in Australia in 2016. With such growing trends in incidence of chronic diseases coupled with aging population, emergency medical supplies industry will spur at robust rate.

Asia Pacific Market Share, By Type

Based on type, 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. Infection control products segment was valued over USD 1.5 billion in 2019. As reported in Japan Health System Review by WHO, the country is facing increasing demand for emergency care due to the ageing population and low-survival rate of out-of-hospital cardiac arrests. Approximately 123,554 out-of-hospital cardiac arrests were reported in Japan in 2016 and survival rate was only 16.4%. Thus, with increasing risk of CVDs and expanding elderly patient pool in the region, adoption of emergency medical supplies will boost during forecast period.

Asia Pacific Market Size, By Application

Based on application, the market is segmented as cardiac care, respiratory care, trauma and others. Respiratory care emergency medical supplies market will foresee -16.1% CAGR during the forecast timeframe. High number of emergency care unit admissions associated with respiratory disorders will stimulate the demand for emergency medical supplies. Moreover, with growing burden of respiratory infections including COVID-19, the segment will foresee considerable expansion in future.

Asia Pacific Market Value, By Distribution Channel

Based on distribution channel, emergency medical supplies market comprise of retail stores, e-commerce and others. E-commerce segment is estimated to progress at -15.6% CAGR during the analysis timeframe. Growing internet penetration will offer immense growth opportunities to new e-commerce platforms and will drive its adoption rate. Additionally, benefits such as favorable user-interface and availability of wide product range online will enhance customer preference, thereby impacting segmental size.

Asia Pacific Market Growth, By End-use

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Based on end-use segment, the market is divided as hospitals, trauma centers, ambulatory surgical centers, specialty clinics and others. Hospitals segment held over 32% revenue share in 2019. COVID-19 has resulted into high number of patient admissions in hospitals. Thus, due to large patient pool admitted to hospitals, the demand for various emergency care products will rapidly increase for infection prevention and control. In addition, greater preference for treatment in hospitals will further impel the segmental growth.

Asia Pacific Market Value, By Country

China emergency medical supplies market accounted for around USD 1.8 billion in 2019 and will proceed at rapid pace in the foreseeable future. Increasing healthcare expenditure and government spending will lead to improvement in emergency care units. Several organizations are undertaking initiatives to accelerate development and production of emergency medical equipment during COVID-19 pandemic. These firms will further impel the market potential in the projection period.

Competitive Market Share

Prominent industry players involved in market include The 3M Company, Stryker, Smith & Nephew, GE Healthcare and Koninklijke Phillips N.V. among others. Players are adopting business expansion and diversification strategies such as increasing R&D, partnerships, and product launch. For instance, in April 2020, Phillips received the FDA emergency use approval for Respironics E30 and planning to boost its production capabilities. The company entered into collaboration with Jabil and Flex among other partners for expansion of its hospital ventilators assembly lines. In addition, this collaboration will strengthen firm’s supply chain, thereby offering immense business growth opportunities.

Industry Background

In Asia, emergency medicine was first recognized in Singapore in 1984. During early days, the medical staff and nurses were required to have training from other nations about emergency care by experienced professionals. Several areas of emergency medicine were identified later that include cardiac care, trauma care and disaster management among others. Over the period, policies and research & development improved the field of emergency care. Advances associated with technologies provided opportunities for emergency medical equipment in the region. Also, there are dedicated trauma centres in the region for proper medical attention to patients that have underwent accidents or are having sudden medical emergencies. Thus, significant improvements in healthcare infrastructure, disease & trauma management and infection outbreaks will assist industry expansion in Asia Pacific in future.