September 09, 2020
As per the research report titled ‘North America Emergency Medical Supplies Market Size By Application, Distribution Channel, Type, End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, North America emergency medical supplies market is anticipated to account for more than USD 22 billion by the year 2026.
The report states that surging demand for emergency care services due to rising prevalence of chronic ailments such as arthritis, leukemia, diabetes, heart diseases, and other diseases are propelling the growth of emergency medical supplies market in North America.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2820904/
Citing an instance, as per a study conducted by Centers for Diseases Control & Prevention, around 139 million emergency department visits were recorded in the U.S in the year 2017.
Moreover, rising adoption of innovative emergency care devices coupled with increasing number of hospital admissions as a result of the outbreak of the COVID-19 pandemic are stimulating the overall market outlook. However, strict regulations imposed by the FDA (Food & Drug Administration) pertaining to the use of medical equipment in the healthcare industry may hamper the expansion of the market.
Based on product terrain, the infection control products segment reflected around 22% of the market share in the year 2019. Factors including rising occurrence of infectious diseases such as Coronavirus, swine flu, and Ebola virus along with increasing number of emergency hospitalizations have fueled the demand for the infection control products, which in turn bolstering the growth of the segment.
The report claims that the cardiac care emergency medical supply segment accounted for around USD 3.7 billion in the year 2019 and is estimated to witness significant expansion through 2026, owing to increasing prevalence of cardiovascular diseases along with rising expenditure towards treatment of such diseases in the U.S.
With regards to distribution channel, the e-commerce segment reflected 27% of the overall market share in 2019. Rising penetration of internet along with introduction of several e-commerce platforms due to availability of wide range of products, ease of purchase, and high customer satisfaction are augmenting the expansion of the segment.
Moving on to the end-user spectrum, the hospital segment accounted for around USD 4 billion in 2019, primarily due to factors such as growing geriatric population, increasing emergency department visits, and rising accessibility as well as supply of emergency medical equipment due to escalating occurrence of chronic diseases.
Elaborating on the country-level analysis, U.S. emergency medical supplies market was worth around USD 12 billion in the year 2019 and is predicted to register substantial growth during 2020-2026. Favorable government initiatives coupled with increasing investments towards the manufacture of respiratory equipment and products such as masks, ventilators, and gloves amid the COVID-19 pandemic are fostering the expansion of the market.
The companies that define the competitive landscape of North America emergency medical supplies market are 3M Company, Bayer AG, Abbott Laboratories, B. Braun Melsungen AG, Johnson and Johnson, Becton, Dickinson and Company (BD), Smiths Medical Inc., Cardinal Health, Inc., Smith & Nephew Plc, GE Healthcare, Koninklijke Phillips N.V., Asahi Kasei Corporation, Medtronic, PLC, and Stryker Corporation among others.