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Sep 22, 2020 (Market Insight Reports) —
Selbyville, Delaware According to the recent research report titled ‘Asia Pacific Emergency Medical Supplies Market Size By Distribution Channel, Type, Application, End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, Asia Pacific emergency medical supplies market is projected to reach a valuation of USD 12.5 billion by 2026 and grow substantially during the forecast period.
Increasing instances of trauma injuries and accidents is the primary growth driver of Asia Pacific emergency medical supplies market. Rising cases of COVID-19 and other chronic diseases, increased risk of falls and injuries among the expanding elderly population, growing healthcare expenditure in developing and developed nations, along with surging demand for emergency care services also contribute to the market expansion.
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Furthermore, rise in government funds across various economies for emergency care owing to the widespread of COVID-19 across the region is enhancing the industry growth. In fact, the Indian government has raised USD 1.9 billion for COVID-19 Emergency Response & Health System Preparedness Package.
Notably, 1 in 10 deaths in the Asia Pacific is due to injury, accounting for about 50% of injury related deaths recorded worldwide. Trauma injuries need immediate medical attention, or they may cause long-term disabilities, thereby enhancing the demand for emergency medical supplies.
Elaborating on the type, diagnostic & monitoring equipment segment held over 17% revenue share of Asia Pacific emergency medical supplies market in 2019. Predominant morbidities linked with chronic diseases like diabetes, cancer, heart disease, and high blood pressure among the aging population is augmenting the need for early diagnosis of diseases. In addition, technological developments in medical equipment like real-time monitoring and miniaturization will boost the segmental share.
Based on application spectrum, cardiac care segment was worth USD 1.5 billion in the year 2019. According to Australian Institute of Health & Welfare, 1 million patients were admitted due to CVDs (cardiovascular disorders) in 2016-2017. This disorder has caused a fortune to the economy, thereby timely treatment of CVDs is essential and adoption of emergency cardiac care equipment for preventing death from sudden cardiac issues are fueling the segment growth.
Speaking of distribution channel, retail stores segment held over 25% market share in the year 2019 on account of availability of medical products in retail stores in times of emergency. Besides, easy access to retail stores in developing nations is likely to boost the segment growth in the ensuing years.
Moving on to end-use, trauma centers segment is likely to record a CAGR of 15.5% through 2026 owing to considerable increase in number of trauma cases and implementation of standardized protocols across various healthcare facilities for smoother patient care in emergencies.
Citing the regional landscape, China emergency medical supplies sector accounted for USD 1.7 billion in the year 2019. Presence of advanced healthcare facilities and increased demand for emergency care owing to COVID-19 pandemic are proliferating the demand for emergency medical supplies in the nation.
Leading organizations in Asia Pacific emergency medical supplies market are B. Braun Melsungen AG, GE Healthcare, Stryker Corp., Medtronic plc, and Abbott Laboratories among others.
Questions and Answers: Asia Pacific Emergency Medical Supplies Market
Q1) What factors are propelling the growth of Asia Pacific emergency medical supplies market?
Answer: Increasing instances of trauma injuries and accidents is the primary growth driver of Asia Pacific emergency medical supplies market.
Q2) How does China contribute to Asia Pacific emergency medical supplies market revenue?
Answer: Presence of advanced healthcare facilities and increased demand for emergency care owing to COVID-19 pandemic are proliferating the demand for emergency medical supplies in the nation.
Q3) Which are the leading organizations in Asia Pacific emergency medical supplies market revenue?
Answer: Leading organizations in Asia Pacific emergency medical supplies market are B. Braun Melsungen AG, GE Healthcare, Stryker Corp., Medtronic plc, and Abbott Laboratories among others.
Complete Report At: https://www.marketstudyreport.com/reports/asia-pacific-emergency-medical-supplies-market-statistics?utm_source=Marketwatch.com&utm_medium=AN
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