Global Emergency Room Equipment Market: Executive Summary on Trends, Latest Developments, Growth Drivers & Risks, Favourite Brands, and Regional Leaders Overview (Includes Business Impact of COVID-19)

                                          
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.

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 Pathfinders 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.

Market Segmentation:

 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

Key Market Players included in the report: Global Emergency Room Equipment Market

  
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.

Key Insights Covered: Global Emergency Room Equipment Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Emergency Room Equipment industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Emergency Room Equipment industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Emergency Room Equipment industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Emergency Room Equipment industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Emergency Room Equipment industry.

Research Methodology: Global Emergency Room Equipment Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.