In recent years, hospital emergency services have become a significant need across health systems due to the rise in accidents. Approximately 1.3 million people are estimated to die in road crashes every year according to the Association for Safe International Road Travel (ASIRT). The hospital emergency services include the services that play a crucial role during an emergency health situation. Data Bridge Market Research analyses that the hospital emergency services market is expected to grow at a CAGR of 4.9% during the forecast period of 2022 to 2029.
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The hospital emergency services are considered one of the most necessary services as they have the power to save a life. Hospital emergency services, also known as ambulatory services, refer to the systems that provide medical care in emergency. The major focus of these services is injusry and emergency illnesses, including cardiac arrest and stroke.
Road Traffic Accidents
The increase in the number of road traffic accidents across the globe acts as one of the major factors driving the growth of hospital emergency services market. Road traffic accidents are known to be the 9th leading cause of death worldwide.
Prevalence of Cardiovascular Diseases (CVDs)
The rise in the cardiovascular diseases (CVDs), including congestive heart failure, coronary artery disease, cardiac arrest, and stroke, among others accelerate the market growth.
The presence of a large population pool over 60 years will assist in the expansion of the hospital emergency services market as they have a lower immunity level. The geriatric population is prone to cardiac problems, spinal injuries, neurological diseases and cancer.
Furthermore, advancements in software technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, technological advancements in communication infrastructure will further expand the hospital emergency services market’s growth rate in the future.
North America dominates the hospital emergency services market because of the growing demand for high-quality healthcare services and well-established healthcare infrastructure within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the improvements in healthcare facilities, and an increase in the number of road accidents in the region.
Some of the major players operating in the hospital emergency services market are Medtronic, General Electric, Medline Industries, Inc., Boston Scientific Corporation, Terumo Corporation, Johnson & Johnson Private Limited, 3M, Koninklijke Philips N.V., Smith+Nephew, BD., Diagmed Healthcare, ConvaTec Inc., Baxter, B. Braun Melsungen AG, Merit Medical Systems., Danaher, DEVEX., Micro-Star INT’L CO., LTD, ARGON MEDICAL, Stryker and Merit Medical Systems among others.
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