According to the recent research report titled ‘Europe 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, Europe emergency medical supplies market is projected to accrue significant returns and amass USD 12.2 billion by the year 2026.
 

Rising cases of COVID-19 along with other chronic diseases such as COPD, bronchiectasis, asthma, heart failure, hypertension, and diabetes, increasing road accidents and trauma injuries, and surging demand for emergency care services are driving the growth of Europe emergency medical supplies market. In addition, increasing healthcare expenditure in developing and developed nations and favorable government initiatives for enhancing emergency medical products supply also expands the business horizon, cites the study.  
 

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As per the WHO, 2.4 million road accidents are recorded every year in the Europe, the cost of which estimated to be 2% of the GDP. Besides, Europe reported over 2 million cases of coronavirus infections in the first half of 2020, leading to an increased demand for emergency care supplies across the region.
 

Elaborating on type, cardiac equipment segment held over 13% share of Europe emergency medical supplies market in 2019. Rising instances of cardiovascular disorders and technological advancements in pacemakers and defibrillators will result in a rise in the adoption rate of these devices among people with cardiovascular diseases.
 

Speaking of application scope, respiratory care segment was worth USD 2 billion in the year 2019. As per the World Health Organization, respiratory diseases account for 12% deaths of young children annually in Europe. Respiratory conditions that are not attended can lead to emergency situations. Growing population affected by chronic respiratory disorders will continue to drive the segment growth in the ensuing years.
 

Based on distribution channel, retail stores segment held 28% share of Europe emergency medical supplies market. Shifting customer preferences towards retail pharmacies owing to product safety and ease of access contribute to the segmental growth. Additionally, availability of medical supplies in the retail stores is likely to accelerate the segment expansion.
 

Elaborating on end-use spectrum, specialty clinics segment is projected to witness strong demand for emergency medical supplies over the study period. Accessibility to healthcare services from experienced and skilled professionals will shift focus towards specialty clinics. Increasing investments in healthcare amenities by several firms will also influence the segmental growth in the forthcoming years.
 

Citing the regional landscape, Germany emergency medical supplies industry held 19.5% share in the year 2019. Surging demand for emergency care supplies owing to escalating number of patients admitted in emergency departments of healthcare facilities are contributing to the regional industry expansion.
 

Major players in Europe emergency medical supplies market are Johnson & Johnson, Medtronic plc., Stryker Corp., Koninklijke Phillips N.V., and The 3M Company among others.