PUBLISHER: Grand View Research | PRODUCT CODE: 1587442
PUBLISHER: Grand View Research | PRODUCT CODE: 1587442
The global ambulance equipment market size is expected to reach USD 6.59 billion by 2030, expanding at a CAGR of 3.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rising cases of cardiovascular diseases, increasing medical tourism, and increasing cases of road accidents globally are the key driving factors for the ambulance equipment market.
Cardiovascular diseases (CVDs) such as cardiac arrest, congestive heart failure, stroke, & coronary artery disease, require immediate medical attention and emergency medical services. In such cases, blood & hemorrhage control equipment is very much essential to deal with CVD patients as it provides primary care. As per the CDC in 2015, every year, approximately 735,000 cases of heart attack are reported in the U.S. As per the report published by the British Heart Foundation in 2018, there are approximately 200,000 hospital visits every year due to heart attacks, which is one visit in every three minutes. Therefore, such instances are expected to surge the ambulance equipment market growth.
Moreover, presence of a large population pool over 60 years, which typically has a lower immunity level and are prone to neurological diseases, cardiac problems, cancer, and spinal injuries.Geriatric population are highly susceptible to diseases such as arthritis, heart attacks, stroke, osteoporosis, and obesity. For instance, as per the WHO in 2018, globally, the number of people aged 65 or older is anticipated to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050. Furthermore, road accident victims also need immediate medical attention owing to which demand for ambulance equipment are expected to increase. Thus, such factors are expected to positively impact the market growth.