Global Ambulance Equipment Market Insights Forecasts to 2033

• The Global Ambulance Equipment Market Size was Valued at USD 5.07 Billion in 2023
• The Market Size is Growing at a CAGR of 3.25% from 2023 to 2033
• The Worldwide Ambulance Equipment Market Size is Expected to Reach USD 6.98 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Ambulance Equipment Market Size is Anticipated to Exceed USD 6.98 Billion by 2033, Growing at a CAGR of 3.25% from 2023 to 2033.

Market Overview

A vehicle with medical equipment, especially an ambulance, is used to transport patients to treatment centers or hospitals. The patient might get medical attention without going to the hospital. Emergency medical services use ambulances to respond to medical emergencies. They typically have sirens and flashing warning lights for this reason. They can deliver patients to hospitals or other final care facilities, carry equipment for providing emergency care, and bring paramedics and other first responders to the situation quickly. The majority of ambulances are designed after vans or pickup trucks. One of the most important needs for the ambulance service is the equipment, which is primarily used for medical problems. The number of traffic accidents is rising quickly, and these incidents call for emergency medical care as well as ambulance services. Ambulance equipment is used to assist patients during medical emergencies, such as accidents and operations, with the goal of reducing personal injuries and minimizing fatalities. Automated external defibrillators, oxygen supply apparatus, blood pressure monitors, infusion pumps, stethoscopes, and first aid kits are among the usual medical supplies that ambulance vans generally contain.

Report Coverage

This research report categorizes the market for the global ambulance equipment market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global ambulance equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global ambulance equipment market.

Driving Factors

Victims of traffic accidents require emergency medical care as well as the equipment and services an ambulance requires to get them to a hospital. Therefore, it is anticipated that an increase in traffic accidents will boost demand for ambulance equipment and drive market growth. The future market size for ambulance equipment will increase due to a rise in traffic accidents. Medical tourists migrate from high-income countries to middle and low-income countries in search of affordable healthcare. Therefore, it is anticipated that an increase in medical tourism will increase demand for ambulance equipment, driving the growth of the ambulance equipment market.

Restraining Factors

The high expense of emergency medical services and a shortage of qualified personnel are the two main factors restraining the expansion of the worldwide ambulance equipment industry.

Market Segmentation

The global ambulance equipment market share is classified into equipment type and end-user.

• The respiratory segment is anticipated to hold the largest share of the global ambulance equipment market during the forecast period.   

On the basis of equipment, the global ambulance equipment market is divided into transportation, burn care, diagnostic and infection control, blood and hemorrhage control, respiratory, hypothermia, cardiac, and other equipment. Among these, the respiratory segment is anticipated to hold the largest share of the global ambulance equipment market during the forecast period. The authority of the respiratory equipment segment in the market is propelled by its critical role in directing emergency situations and the surge in the prevalence of respiratory situations worldwide. According to the World Health Organization (WHO), chronic obstructive pulmonary disorder (COPD) is the third most common cause of world deaths. Continuous advancements in technology, positive patient results, and attachment to regulatory standards further contribute to its prominence. Thus, with immediate and effective respiratory support in pre-hospital care, the respiratory segment maintains the top position in the market.

• The ground ambulance segment is anticipated to hold the largest share of the global ambulance equipment market during the forecast period.

On the basis of end-user, the global ambulance equipment market is divided into air ambulance, water ambulance, and ground ambulance. Among these, the ground ambulance segment is anticipated to hold the largest share of the global ambulance equipment market during the forecast period. The segment influences the market due to its inventiveness, fast response abilities, and merging of advanced technology. Ground ambulances involved vans or pickup trucks, cars or SUVs, motorcycles, bicycles, golf carts, and buses. The ground ambulance service requires some essential equipment, such as transportation equipment, burn care equipment, and blood and haemorrhage control equipment in emergency cases. The increasing incidence of road accidents and growing cases of cardiovascular disorders around the world are predicted to drive the demand for ground ambulances, and in return, the demand for ambulance equipment is predicted to be high during the forecast period.

Regional Segment Analysis of the Global Ambulance Equipment Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global ambulance equipment market over the predicted timeframe.

North America is anticipated to hold the largest share of the global ambulance equipment market over the predicted timeframe. The well-developed healthcare facilities and rising novel surgical processes are some of the key factors boosting the growth of the market. Various factors, including a number of key players in the market, increasing demand for high-quality healthcare facilities, well-developed healthcare facilities, and praising compensation policies and regulatory reforms in the healthcare field. The prominence of the U.S. healthcare system on the quality of healthcare and value-based services has had an effective impact on the ambulance equipment market. These factors are driving the growth of the ambulance equipment market over the predicted timeframe in the North American region.

Asia Pacific is anticipated to grow at the fastest rate in the global ambulance equipment market over the predicted timeframe. The presence of wide opportunities for key market players, development in healthcare facilities, and increasing awareness regarding advanced medical equipment among the people are some of the factors that boost the growth of the medical equipment market in this region. Additionally, an increase in the cases of accidents, bone fractures, trauma due to falls, and others is raising the demand for medical interventions (orthopedics), thus driving the need for ambulance equipment products. Additionally, growing nations like India and China provide vast growth opportunities to the manufacturers of ambulance equipment. These factors are driving the growth of the ambulance equipment market over the predicted timeframe in the Asia-Pacific region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global ambulance equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 3M Company
• Medtronic Plc
• GE Healthcare
• Stryker Corporation
• Allied Healthcare Products, Inc.
• Ambu A/S
• Smiths Medical (ICU Mdical)
• Ferno-Washington, Inc.
• BLS System, Ltd.
• Dragerwerk AG & Co. KGaA.
• Zoll medical corporation (Asahi Kasei Corporation)
• B. Braun Melsungen AG
• Covidine
• Emergency Medical Products, Inc.
• First Care Products, Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2022, Stryker adopted Vocera Communications, Inc., a key player in the field of digital care coordination and communication. The investment lay with Stryker to deliver a complete solution that raised operational effectiveness and patient care in an ambulatory environment by manipulating advanced communication tools.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global ambulance equipment market based on the below-mentioned segments: 

Global Ambulance Equipment Market, By Equipment Type

• Transportation
• Burn Care
• Diagnostic and Infection Control
• Blood and Hemorrhage Control
• Respiratory
• Hypothermia
• Cardiac
• Other Equipment 

Global Ambulance Equipment Market, By End-User

• Air Ambulance
• Water Ambulance
• Ground Ambulance

Global Ambulance Equipment Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa