Dublin, Sept. 21, 2022 (GLOBE NEWSWIRE) — The report “EMS (Emergency Medical Services) Vehicles Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Strategies and Forecasts competitive, 2022 to 2030″ has been added to from ResearchAndMarkets.com offer.
The Emergency Ambulance Vehicle Market is expected to grow at a CAGR of 10% during the forecast period of 2022 to 2030
The high need for emergency care, rising trauma rates, and increasing government expenditure for the construction of healthcare infrastructure are the major drivers for the market expansion. The increase in traumatic accidents, the number of people with various chronic diseases and the aging of the population have all contributed to an increase in the demand for ambulance services.
During the projected period, it is also expected that the increase in medical tourism and the availability of reimbursement schemes will increase the demand for ambulance services. It is expected that the steady increase in traumatic accidents will drive the expansion of the market. For example, the National Health Portal estimates that 5 million people die each year due to injury.
Increased prevalence and incidence of cardiovascular disease
Congestive heart failure, coronary heart disease, cardiac arrest, and stroke, among other cardiovascular diseases (CVDs), are on the rise and accelerating the demand for emergency medical services. According to the British Heart Foundation, someone has a heart attack every three minutes, or around 200,000 hospital visits a year.
Additionally, he said 40,000 deaths from stroke are expected to occur each year in the UK. Since cardiovascular disease is one of the leading causes of death worldwide and frequently requires urgent medical attention, the demand for ambulance services is increasing. Hence, the growing prevalence of cardiovascular disorders is predicted to support the expansion of the market.
A significant portion of the population over the age of 60, who often have reduced levels of immunity and are more susceptible to neurological disorders, heart problems, cancer and spinal injuries, are also expected to have a significant impact on market growth over the projected period.
Increase in the geriatric population
Older people are more vulnerable to cancer, neurological diseases, spinal injuries and heart problems. For example, the United Nations Department of Economic and Social Affairs predicts that by 2050, about 1 in 6 of the world’s population will be over 65 years old. Additionally, according to a comparable source, there were 703 million people over the age of 65 worldwide. .
Hence, the market is expected to grow owing to the growing elderly population. Due to improved healthcare infrastructure and sophisticated reimbursement practices, medical tourism is also on the rise.
Increase investment in global emergency medical services
In order to provide patients with prompt medical assistance, health and medical regulatory bodies around the world are increasing their investments in structured emergency medical services. Healthcare companies are deploying the necessary services and equipment to better meet the needs of patients, as patient convenience and quick and timely services are the main goals of emergency medical services.
EMS vehicles, which are becoming increasingly common in hospitals and other medical facilities around the world, are one of the essential elements of emergency medical services.
Emergency medical services receive essential financial support from organizations like the World Bank in some areas. The global EMS vehicle market is witnessing revenue growth owing to the increasing use of emergency medical services to assist with critical treatments.
Due to improved healthcare infrastructure and sophisticated reimbursement practices, medical tourism is growing. Additionally, the emergency ambulance vehicle market is positively impacted by improved healthcare infrastructure, high demand for extended care, and increased healthcare expenditure.
Moreover, according to the Consulate General of India, India has recently become one of the world’s top 6 destinations for medical tourism. Ambulance services may be required in the travel destination to transfer patients to their place of treatment due to increased medical tourism. This should accelerate the expansion of the market.
Increase in vehicle prices to moderately limit market growth
The price structure of EMS vehicles is influenced by a variety of important elements, despite the fact that EMS vehicles are produced in huge quantities to meet the growing demands of the global healthcare industry. Over the past ten years, the producer price indices of key raw materials such as plastics, aluminum, rolled steel and resins have increased, and this is expected to have a cascading effect on the cost of EMS vehicles.
However, the adoption of advanced technologies in the automotive industry can impact the cost of cars and other vehicles, such as EMS vehicles. Modern medical technology installed in EMS cars is increasing the expense, and as healthcare organizations focus on customizing their EMS vehicles, the cost per EMS vehicle is expected to continue to climb in the coming years.
Another pricing factor is regulatory compliance. International legislation governing motor vehicle safety, as well as national traffic authority regulations, must be adhered to by EMS vehicle manufacturers. These stringent requirements force manufacturers to keep the pricing structure of EMS vehicles at a high market level. Hence, the high cost of vehicles is expected to restrain the expansion of the market during the forecast period 2022-2030.
Opportunities to expand through increased investment in healthcare infrastructure
Additionally, market players will benefit from the growing demands for customization of emergency ambulance vehicles that incorporate cutting-edge features over the projected period 2022 to 2030. The growth rate of the ambulance vehicle market d Urgency will also be increased in the future by an increase in investments.
By allowing paramedics to focus on essential care without wasting time, the new trend of driverless emergency medical service vehicles can improve life chances for victims and patients. Another change that would present a huge opportunity for the global emergency medical service vehicles market is the use of drones to transport medical supplies.
The market will remain fragmented with an extreme level of competition during the forecast period
The market for emergency medical services (EMS) vehicles is extremely fragmented, with leading manufacturers present everywhere.
Historical and forecast period
This research report represents the analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compound annual growth rate (CAGR) for each of the respective segments estimated for the forecast period from 2022 to 2030.
- REV Group
- chief ambulance
- Life Line Emergency Vehicles
- American Expedition Vehicles (AEV)
- BAUS AT
- Braun Industries
- Rodriguez Lopez Auto
- Automatic group
- BYRON (ETT)
- Osage Industries
- First Priority Emergency Vehicles
- LencoArmored Vehicle
- GE Healthcare (USA)
- Smith & Nephew (UK)
- 3M (USA)
- Smiths Medical (UK)
- Dickinson (USA)
- Johnson & Johnson (USA)
- B. Braun (Germany)
- Stryker (USA)
- Medtronic (Ireland)
- Asahi Kasei (Japan)
- Cardinal Health (USA)
- Philips Netherlands)
- Smith & Nephew (UK)
- 3M (USA)
- Smiths Medical (UK)
By EMS Vehicle Type (2020-2030; US$m)
- On the ground
- Air based
By Application (2020-2030; USD Million)
- Cardiovascular disorders
- Trauma Injury/Wound Care
- Respiratory support
By Medical Equipment/Devices (2020-2030; USD Million)
- Emergency resuscitation and life support systems
- Patient monitoring systems
- Heart monitors
- Hemodynamic monitors
- Neurological monitors
- Respiratory monitoring devices
- Temperature monitoring devices
- Microelectromechanical systems (MEMS)
- Prenatal and neonatal monitors
- Wound care products
- Patient handling tools
- Infection Control Supplies
By End User (2020-2030; USD Million)
- Hospitals and Trauma Centers
- Ambulatory surgery centers
- Other end users
Regional Segment (2020-2030; USD Million)
- North America
- Europe and UK
- Asia Pacific
- South Korea
- Latin America
Global Covid-19 Segment Impact (2020-2021; USD Million)
- Situation pre Covid-19
- Situation after Covid-19
For more information on this report visit https://www.researchandmarkets.com/r/dspbc3