Ambulance Equipment Market Size, Share, Industry Trends and Forecast to 2030

Ambulance Equipment Market Size & CAGR in 2021

The global ambulance equipment market is expected to have a growth rate of 4.2% CAGR from 2021 to 2025. In 2021, the market was valued at USD 5.6 billion. Factors such as the increasing number of road accidents, rising geriatric population, and advancements in emergency medical services are driving the growth of the ambulance equipment market.

COVID-19 Impact on the Ambulance Equipment Market

The COVID-19 pandemic has had a significant impact on the ambulance equipment market. With the surge in coronavirus cases, there has been an increased demand for ambulances equipped with the necessary medical equipment to transport COVID-19 patients safely. This has led to a rise in the adoption of advanced ambulance equipment such as ventilators, oxygen cylinders, and monitoring devices.

Ambulance Equipment Dynamics

The ambulance equipment market is driven by factors such as the increasing prevalence of chronic diseases, growing investments in healthcare infrastructure, and the rise in road accidents. Technological advancements in ambulance equipment, such as the integration of IoT and AI to monitor patient health in real-time, are also contributing to the market growth.

Segments and Related Analysis

The ambulance equipment market can be segmented based on type, end-user, and region. By type, the market is categorized into basic life support (BLS) ambulances and advanced life support (ALS) ambulances. By end-user, the market is segmented into hospitals, emergency medical service providers, and others. Regionally, North America held the largest market share in 2021, followed by Europe and Asia Pacific.

By Region Analysis

1. North America: North America dominated the global ambulance equipment market in 2021, driven by the presence of advanced healthcare infrastructure and the high adoption of technologically advanced ambulance equipment.

2. Europe: Europe is the second-largest market for ambulance equipment, with countries like Germany, France, and the UK leading the market due to their well-established emergency medical services.

3. Asia Pacific: The Asia Pacific region is witnessing significant growth in the ambulance equipment market, attributed to the improving healthcare infrastructure, increasing healthcare expenditure, and rising awareness about emergency medical services.

Key Market Players and Competitive Landscape

Some of the key players in the ambulance equipment market include Stryker Corporation, Medtronic plc, GE Healthcare, Ferno-Washington Inc., and Drägerwerk AG & Co. KGaA. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market presence.

Recent Happenings in the Ambulance Equipment Market

In recent years, the ambulance equipment market has witnessed several developments, including the introduction of lightweight and portable medical devices for ambulances, the integration of telemedicine capabilities in ambulances, and the adoption of electric ambulances for eco-friendly transportation. These advancements are aimed at enhancing the efficiency and effectiveness of emergency medical services.