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.
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.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Emergency Medical Supplies Market Size in 2022 | USD 157.5 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | -0.3% |
| 2032 Value Projection | USD 127.7 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 210 |
| Tables, Charts & Figures | 412 |
| Segments covered | Type, Application, Distribution Channel, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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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
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.
Based on distribution channel, emergency medical supplies market size from retail pharmacy segment was valued at over USD 52 billion in 2022, driven by a small increase in the number of retail pharmacies, and the ease of accessibility retail pharmacies offer to patients. Retail stores also deliver affordable and high-quality customer services, which further promotes more customer footfall. Additionally, pharmacists often offer personalized suggestions to patients tailored to their health status and requirements, proving highly beneficial for their recovery. Furthermore, the better availability of medicines, credit, and cheaper products makes these stores the go to solution for consumers.
On a regional spectrum, North America emergency medical supplies market held over 42.5% of the revenue share in 2022. Driven by the rising government focus on infection control initiatives, the market is likely to foresee steady growth through 2032. Back in September 2021, the US government unveiled an investment of USD 2.1 billion on infection prevention and control projects. The news bodes well for the region, which has been experiencing a worrying trend of rising nosocomial infection cases. The US CDC estimates that approximately 1.7 million hospitalized patients acquire such infections, leading to more than 98,000 fatalities annually.
Emergency Medical Supplies Market Share
The prominent emergency medical supplies market players include
- Cardinal Health
- Becton & Dickinson Company
- B. Braun Melsungen AG
- Smiths Medical
- Johnson & Johnson
- Abbott Laboratories
Many of these players are focusing on collaboration to reinforce their industry standing in a changing market. Back in March 2021, Cardinal Health, an American multinational healthcare services company, and FourKites, a US-based software company, entered into an international collaboration to enhance the tracking of transit of first aid supplies, medical kits, PPEs, and pharmaceutical products to pharmacies, hospitals, and other healthcare units globally.
Impact of COVID-19 Pandemic
The COVID-19 pandemic presented many growth pathways for the emergency medical supplies industry. The increasing patient load bolstered the demand for emergency medical products such as surgical masks, gloves, and sanitizers among others. However, surging demand resulted in a severe shortage of certain PPEs, including medical gowns and face masks. As per WHO, about 89 million medical masks were needed monthly during that period.
To tackle the shortfall in supply, many world governments took strong efforts by making funding and equipment easily available and boosting manufacturing capacities creating more opportunities for the industry. While the market is currently experiencing a drop in demand due to the world’s return back to normalcy, increasing government investments in the medical sector are poised to pave the way for industry progress.
The emergency medical supplies market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments
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By Type
- Infection Control Products
- Hand & Arm Protection Equipment
- Eye & Face Protection Equipment
- Head Protection Equipment
- Others
- Diagnostics and Monitoring Equipment
- ECG monitor
- Blood Pressure Monitors
- Blood Glucose Monitors
- Blood Gas and Electrolyte Analyzers
- Pulse Oximetry
- Others
- Therapeutic Respiratory Devices
- Tubes
- Ventilators
- Inhalers
- Others
- Cardiac Equipment
- Defibrillation supplies
- Pacemaker
- Others
- Wound Care Supplies
- Dressings & Bandages
- Sutures & Staples
- Others
- Patient Handling Equipment
- Patient Lifting Equipment
- Medical Beds
- Wheelchairs and Scooters
- Others
- Others
By Application
- Cardiac care
- Respiratory care
- Trauma
- Others
By Distribution Channel
- Retail pharmacy
- E commerce
- Others
By End-use
- Hospitals
- Trauma Centers
- Ambulatory surgical centers
- Specialty clinics
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Switzerland
- Sweden
- Netherlands
- Others
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Indonesia
- Thailand
- Vietnam
- Malaysia
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Columbia
- Others
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
- Others