Emergency Room Equipment Market By Application (Accident rescue, Sudden Illness, Obstetrics & Gynecology) By Type (Patient monitoring, Medical Imagining, Cardiac Equipment, Vascular Equipment, Trauma Equipment) and Region - Global Forecast to 2026
26 December 2017
The global emergency room equipment was valued at US$ 7,098.0 million in 2017, and is expected to register a CAGR of over 5.8%. The report offers in-depth insights, revenue details, and other vital information regarding the global emergency room equipment and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global emergency room equipment market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global emergency room equipment market is segmented on the basis of product type, application, and region.
Emergency room equipment refers to medical equipment and devices that facilitate patient care during medical emergencies. The product types of emergency room equipment market include patient monitoring, medical imaging, cardiac, vascular, and trauma equipment.
Global Emergency Room Equipment Dynamics:
Increasing number of emergency room facilities in various countries globally is a major factor driving growth of the global emergency room equipment market over the forecast period. In addition, technological advancements in emergency room equipment such as miniaturization of imaging equipment, development and introduction of portable and wireless CT scanner machines is another factor expected to drive growth of the global emergency room equipment market significantly over the forecast period.
Report Coverage and Deliverables
High cost of medical equipment is one of the primary factors expected to limit the growth of the global emergency room equipment market over the forecast period. In addition, availability of refurbished medical equipment is another factor expected to restrain the growth of the global emergency room equipment market.
Technological advancements such as 3D and 4D imaging equipment and systems, development of more affordable cloud-based ECD equipment and systems, especially in emerging economies, to collect, store, secure, and manage vast volumes of sensitive data/information of patients, which in turn is expected to improve overall diagnosis, treatment, and outcomes, representing significantly high potential opportunities for medical equipment manufacturers operating in the global emergency room equipment market.
Market analysis by product type:
On the basis of product type, the market is segmented based on patient monitoring, medical imaging, cardiac equipment, vascular equipment, and trauma equipment. The cardiac equipment segment is expected to contribute major revenue share and expected to maintain its dominance over the forecast period. Cardiac equipment witness highest CAGR of over 6.0%, as it provides a visual display of heartbeat and is highly useful in emergency rooms in the event where a patient is likely to suffer from a heart attack. Furthermore, advance cardiac medical equipment with improved functionality and features provides compression during cardiac arrest. It also provides alerts to the medical team and hospital staff regarding administration of necessary medicines. Rising adoption of cardiac equipment in emergency room/department for treatment of stroke, heart attack, and angina is expected to fuel the growth of this segment, and this trend is expected to continue over the forecast period. Increasing number of cases of heart attacks is further expected to contribute to the segment growth.
Market analysis by application:
On the basis of application, the market is segmented based on accident rescue, sudden illness, and obstetrics and gynecology. Among all the application segments, sudden illness segment is expected to register highest CAGR of over 5.8% owing to the increasing number of cases of accidents, trauma, asthma, back pain, and heart attacks. According to the European Heart Network (EHN), in Europe in 2015, around 85 million individuals were living with cardiovascular disease (CVD).
Market analysis by region:
North America market is expected to dominate the global emergency room equipment, and it accounts for largest market revenue over US$ 2,500 million in 2017 as compared to that of markets in other regions. Dominance by the North America market is expected to continue over the forecast period with comparatively moderate CAGR than that of other regions, owing the presence of medical equipment manufacturers such as such as Analogic Corporation, General Electric Company, Johnson & Johnson, and Medtronic Inc. in these countries. In addition, emergence of new, innovative, and advanced medical equipment that can be used in emergency departments is another factor anticipated to propel the growth of the North America emergency room equipment market over the forecast period. Availability of proper healthcare infrastructure in countries in the region is major factors expected to drive growth of the North America emergency room equipment market over the forecast period. In December 2016, the US Food and Drug Administration approved Clarius – a wireless, hand-held ultrasound scanner that can be connected and used though a smartphone app.
In 2017, Europe accounted for the second largest revenue share contribution to the global emergency room equipment owing to the high prevalence of cardiovascular diseases (CVDs). In February 2017, according to a report published by the European Heart Network, approximately 85 million people in Europe were living with cardio vascular diseases (CVDs) and accounted for 45% of all deaths in Europe. In addition, favorable reimbursement policies and presence of prominent players in the market such as Koninklijke Philips N.V., Siemens AG, and Esaote S.P.A, in the region is other factors anticipated to fuel growth of the Europe emergency room equipment market over the forecast period.
Players in the market are strengthening its product portfolio, strategically expanding the market either through acquisition or by signing the agreement and continuous developing advance products in order to gain competitive advantage. In 2014, Analogic Corporation entered into an asset purchase agreement with Pathfinder Therapeutics, Inc. Under this agreement, Analogic Corporation agreed to purchase certain assets and assume certain liabilities relating to Pathfinder’s surgical planning and guidance business, for an aggregate consideration of US$ 1.5 Mn. In 2013, Analogic Corporation completed acquisition of Ultrasonix Medical Corporation. This acquisition helped Analogic to expand its position in the point-of-care market by offering mobile ultrasound solutions. In May 2015, Fujifilm Corporation acquired TeraMedica, Inc. Acquisition offers archive solutions for managing and storing a range of digitized in-hospital clinical information, including diagnostic images of Picture Archiving Communication System (PACS). The objective of this acquisition is to build a system that can facilitate coordination of clinical information between hospitals.
Global Emergency Room Equipment segmentation, by product type:
- Patient monitoring
- Medical Imaging
- Ultrasound Equipment
- Magnetic resonance imaging (MRI)
- X-Ray machine
- Computed Tomography (CT) scanner
- Positron emission tomography (PET)
- Cardiac Equipment
- Vascular Equipment
- Trauma Equipment
Global Emergency Room Equipment segmentation, by application:
- Accident Rescue
- Sudden Illness
- Obstetrics and Gynecology
Global Emergency Room Equipment segmentation, by region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- Analogic Corporation
- Esaote SpA
- Fujifilm Corporation
- General Electric Company
- Hitachi, Ltd.
- Koninklijke Philips N.V.
- Mindray Medical International Limited
- Siemens AG
- Toshiba Corporation
- Samsung Electronics Co. Ltd.
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Product Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region
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