The global emergency room equipment market was valued at US$ 7,098.0 million in 2017, and is expected to register a CAGR of over 5.8%. The first five-year cumulative revenue (2017–2021) is projected to be US$ 39,792.8 Mn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Emergency room equipment include medical equipment and devices that enable safe and efficient patient care and treatment in case of accidents, sudden illness, medical emergencies, trauma, etc. Growing need for emergency room services in various countries globally is a major factor driving growth of the global emergency room equipment market.
Increasing number of emergency room facilities in various countries globally is a major factor driving growth of the global emergency room equipment market over the forecast period. In addition, technological advancements in emergency room equipment such as miniaturization of imaging equipment, development and introduction of portable and wireless CT scanner machines is another factor expected to drive growth of the global emergency room equipment market significantly over the forecast period.
Technological advancements such as 3D and 4D imaging equipment and systems, development of more affordable cloud-based ECD equipment and systems, especially in emerging economies, to collect, store, secure, and manage vast volumes of sensitive data/information of patients, which in turn is expected to improve overall diagnosis, treatment, and outcomes, representing significantly high potential opportunities for medical equipment manufacturers operating in the global emergency room equipment market.
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Global Emergency Room Equipment Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region. The product type segment includes patient monitoring, medical imaging, cardiac equipment, vascular equipment, and trauma equipment. Application segment includes accident rescue, sudden illness, and obstetrics and gynecology. The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By product type:
Rising adoption of cardiac equipment in emergency room/department for treatment of stroke, heart attack, and angina is expected to fuel the growth of this segment, and this trend is expected to continue over the forecast period. Increasing number of cases of heart attacks is further expected to contribute to the segment growth.
On the basis of application, the market is segmented based on accident rescue, sudden illness, and obstetrics and gynecology. Among all the application segments, sudden illness segment is expected to register highest CAGR of over 5.8% owing to the increasing number of cases of accidents, trauma, asthma, back pain, and heart attacks. According to the European Heart Network (EHN), in Europe in 2015, around 85 million individuals were living with cardiovascular disease (CVD).
In 2017, Europe accounted for the second largest revenue share contribution to the global emergency room equipment owing to the high prevalence of cardiovascular diseases (CVDs). In February 2017, according to a report published by the European Heart Network, approximately 85 million people in Europe were living with cardio vascular diseases (CVDs) and accounted for 45% of all deaths in Europe. In addition, favorable reimbursement policies and presence of prominent players in the market such as Koninklijke Philips N.V., Siemens AG, and Esaote S.P.A, in the region is other factors anticipated to fuel growth of the Europe emergency room equipment market over the forecast period.
Global Emergency Room Equipment Market: Competitive Analysis
The research report on the global emergency room equipment market includes profiles of major companies such as Analogic Corporation, Esaote SpA, Fujifilm Corporation, General Electric Company, Hitachi, Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, Siemens AG, Toshiba Corporation, and Samsung Electronics Co. Ltd.
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Global Market 2019 Key Insights:
– Research and analyze the market standing and future forecast associated with production, price structure, consumption, and market historical knowledge. – Report understands the structure of trade by distinctive its varied segments and subsegments. – Market split the breakdown knowledge by company, products, end-user, and prime countries, market history knowledge from 2013 to 2017, and forecast to 2028. – Analysis of market regarding individual growth trends, future prospects, and their contribution to the overall market. – Global market 2019 report analyzes competitive expansions like agreements, new product launches, and market acquisition. – Research report target the key international players to characterize sales volume, revenue, growth potential, drivers, SWOT analysis, and development plans in coming years.