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Emergency Medical Supplies Market - By Type (Infection Control Products, Diagnostics and Monitoring, Therapeutic Respiratory, Patient Handling Equipment), By Application (Cardiac Care, Respiratory Care, Trauma), By Distribution Channel, End-use & Forecast, 2032


Published on: 2024-08-01 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

Emergency Medical Supplies Market - By Type (Infection Control Products, Diagnostics and Monitoring, Therapeutic Respiratory, Patient Handling Equipment), By Application (Cardiac Care, Respiratory Care, Trauma), By Distribution Channel, End-use & Forecast, 2032

Emergency Medical Supplies Market Size

Emergency Medical Supplies Market size was valued at over USD 157.5 billion in 2022. Driven by the return back to normalcy from the COVID-19 pandemic, the market is anticipated to grow at -0.3% CAGR from 2023 to 2032.
 

Emergency Medical Supplies Market

With the world gradually returning back to normalcy from the crisis that was the COVID-19 pandemic, the demand and consumption of emergency medical supplies has started to go down. This drop in demand is primarily responsible for the slight shrinking of the market. However, other factors such as the growing instances of chronic ailments, traumatic injuries, and road crashes are likely to keep the demand steady through 2032.
 

In fact, injuries annually account for over 5 million fatalities across the globe, with the American Association for the Surgery of Trauma estimating that more than 3 million non-fatal injuries and 150,000 mortalities are reported from injuries every year in the US alone. The growing patient load and the need for better treatment have created a strong impetus for emergency medical supplies to decrease fatalities.
 

Strict regulatory scenarios and high raw material costs likely to hamper industry outlook

The strict regulatory scenario that surrounds emergency medical supplies, and healthcare in-general, is a key factor impeding emergency medical supplies market growth. Medical PPE kits must comply with the guidelines and expectations set by a nation’s healthcare watchdog to be sold there commercially. The need to comply with these guidelines also makes it difficult for the industry to scale up production when demand is high.
 

During the pandemic, the demand for quality-approved PPE skyrocketed, which led to significant supply chain challenges as supply started to fall short and countries began competing with each other, severely stunting industry growth. Immense demand also caused raw materials prices to go up across the world, further hindering d the market outlook.
 

Emergency Medical Supplies Market Analysis

Global Emergency Medical Supplies Market Share By Type

Based on type, the emergency medical supplies market share from infection control products segment held a valuation of over USD 38 billion in 2022. Fueled by growing healthcare investments and infrastructure development efforts across developing economies, the segment is slated to witness stable growth through 2032. Back in June 2021, the Government of India signed a USD 32 million Mizoram Health Systems Strengthening Project, with a specific focus on infection prevention to control the spread of future pandemic.
 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )