September 04, 2020
According to the research report titled ‘Emergency Medical Supplies Market Size By Type, By Application, By Distribution Channel, By End-use, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global emergency medical supplies market is expected to showcase significant growth during 2020-2025.
Increased pervasiveness of chronic respiratory disorders, rising geriatric population, and the unexpected outbreak of COVID-19 are key factors fueling the growth of global emergency medical supplies market. These medical supplies play a vital role in offering strategic emergency services to critically ill patients.
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As per type, the report states that therapeutic respiratory devices segment accounted for 13% market share in the year 2019 and is anticipated to showcase similar growth in the ensuing years, primarily driven by rising adoption of the ventilators to treat patients with coronavirus and chronic respiratory disorders.
Elaborating on the application spectrum, the respiratory care segment held 25% market share in the year 2019 and is reckoned to witness similar growth during the study duration. Increasing awareness pertaining to the adverse effects of cardiovascular diseases, obesity, hypertension, and high blood pressure is fueling the product demand across the globe.
Citing the end-user landscape, worldwide emergency medical supplies market from specialty clinics accounted for USD 4.5 billion in the year 2019. High occurrence of dental problems, skin infections, and chronic conditions are favoring the industry outlook.
Regionally, Latin America held 5.6% revenue share of emergency medical supplies market in the year 2019. Ongoing COVID-19 pandemic, favorable government initiatives which promote health awareness, and escalating healthcare expenditure are facilitating the business scenario in Latin America.
3M Company, Bayer Corporation, Abbott Laboratories, B. Braun Melsungen AG, Johnson & Johnson, Becton & Dickinson Co., Smiths Medical Inc., Cardinal Health Inc., Smith & Nephew plc, GE Healthcare, GE Healthcare, Asahi Kasei Corp., Medtronic plc, and Stryker Corp. are the key participants in global emergency medical supplies market.