Published Date: 2020-06-22
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According to the Graphical Research new growth forecast report titled Europe Emergency Medical Supplies Market Share is set to exceed USD 12.2 billion by 2026. According to the World Health Organization, about 2.4 million road traffic injuries are reported every year in European region. The cost of injuries is estimated to account for 2% of country’s GDP. Moreover, several chronic conditions such as diabetes, hypertension, heart failure, asthma, chronic obstructive pulmonary disorder (COPD) and bronchiectasis affected millions of people in the region. In 2015, approximately 1,749,384 hospital admissions for heart failure and 1,109,865 for COPD & bronchiectasis were reported within European countries. Thus, increasing demand for emergency care will augment market growth.
Europe reported over two million coronavirus infections by the first half of 2020. COVID-19 has surmounted the demand for emergency care supplies in the region. Government and healthcare organizations are assisting the nations by providing large number of such supplies to combat the infection. However, high cost of few emergency care equipment will impede the industry growth in the coming future.
Cardiac equipment segment accounted for more than 13.0% market share in 2019. Technological advancements in defibrillators and pacemakers will foresee increase in adoption rate among the population with rise in cardiovascular diseases. Recent innovations in implantable cardioverter defibrillator has improved patient monitoring and therapy effectiveness. Therefore, developments in cardiac devices coupled with increasing cardiovascular diseases will augment the segment growth over projected period.
Respiratory care emergency medical supplies market was valued over USD 2.0 billion in 2019. According to World Health Organization (WHO), respiratory diseases are responsible for 12% deaths of infants per year in Europe. Unnoticed and untreated respiratory conditions can lead to emergency situations. Due to the growing population with chronic respiratory disorders, the segment will progress at lucrative rate in the forthcoming years.
Retail stores distribution channel segment held about 28% market share during the analysis period. Consumer preference for retail pharmacies due to assurance with product safety and easy access will offer growth opportunities to the segment. In addition, expanding availability of medical supplies in retail stores will augment the segment growth.
Specialty clinics segment will witness momentous demand for emergency medical supplies during projected period. Availability of experienced and highly skilled professionals will lead to preference of procedures in specialty clinics. Rising investments in healthcare facilities by various organizations will further stimulate the segmental growth in coming years.
Germany emergency medical supplies market accounted for over 19.5% market share of the market in 2019. High demand for emergency care supplies due to increasing admissions in emergency departments within healthcare facilities will enhance market growth potential in the region. Adoption of advanced patient care products in the country will surge the demand for emergency medical supplies in future.
Major market players in the market are The 3M Company, Koninklijke Phillips N.V., Stryker, Medtronic plc. and Johnson & Johnson among other industry participants. These market players are undertaking strategies such as technology advancement and inorganic growth strategies to strengthen market presence and company expansion. For instance, in January 2019, Bound Tree Medical acquired Southeastern Emergency Equipment Inc. providing Southeastern’s emergency equipment portfolio to broad range of customers. That will lead to business expansion of the company.
Europe Emergency Medical Supplies Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:
Market Size, By Type, 2015 to 2026, (USD Million)
Market Size, By Application, 2015 to 2026, (USD Million)
Market Value, By Distribution Channel, 2015 to 2026, (USD Million)
Market Growth, By End-use, 2015 to 2026, (USD Million)
The above information is provided for the following region and countries:
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