COVID-19 Impact Analysis on Global Emergency Medical Services Cots Market
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global emergency medical services cots market. In addition, complete analysis of changes on the global emergency medical services cots market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
Market Overview- Global Emergency Medical Services Cots Market
Market Drivers
The key factor propelling the growth of emergency medical services cots market is such as prevalence of chronic diseases, is increasing awareness about the emergency medical services and adoption of ambulatory services has major impact on emergency medical services cots market. Additionally rising healthcare spending and an increase in the aging population are some factors that are expected to increase the revenue of the emergency medical services cots market globally. Increasing medical tourism, expected to increase the growth of emergency medical services including rising private and public ambulatory services, surgical centers and others. These emergency services industries are likely to increase the growth of emergency medical services cots market.
Market Opportunity
The major opportunity for Emergency Medical Services Cots market is increasing investments by both public and private sectors in the healthcare infrastructure is expected to lead to a higher number of beds available. This, in turn, is expected to increase the number of installations of stretchers and cots. This factors are expected to drive the market growth and create new growth opportunities for the market. Additionally in favorable conditions such as government investment to increase awareness, launch and adoption of private EMS services, and funding for increasing the number of ambulances (public & private) to meet the demand.
Market Restraints
Price fluctuations is one of the key market restraint for the market growth. Emergency medical services cots are available in the market with different product ranges. Moreover, the shortage of equipment and healthcare workforce in emerging nation. This creates market slowdown for large scale of emergency medical services cots. This factors is expected to create market restrain
Market Growth Challenge
The key challenge faced by the market will be lack of awareness are expected to obstruct the market growth. Lack of technical knowledge is projected to challenge the emergency medical services cots market. High capital investment required for the increase the growth of research development in the developing countries and this factor has decreased the demand during the forecast period. This is expected to face challenges in emergency medical services cots market
Cumulative Growth Analysis
The report provides in-depth analysis of global emergency medical services cots market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The market growth is primarily driven by the high demand for emergency care, increasing incidence of trauma injuries and growing investments by government bodies on healthcare infrastructure development. and increase an susceptibility towards it is increase the demand of global emergency medical services cots market is expected to witness the growth at a specific CAGR from 2022-2028.
Market Segmental Overview
The global emergency medical services cots market comprises of different market segment like product, technology, end user and geography.
Emergency Medical Services Cots Market by Product
The different type studied in the global emergency medical services cots market are emergency cots and transport cots. Emergency cots, is likely to have rapid demand for the emergency medical services cots market. Emergency cots, has register the major market share in 2021 and is expected to witness growth at highest pace during the forecast period (2021-2028). These cots can be used as a special needs cot in shelters, an evacuation cot, and portable medical cot in an alternate care site setting. As increasing diseases such as cancer, diabetes, osteoporosis, dementia, COPD and many others are strongly associated with old age this is the main driving factor for emergency cots segment. The continuous rise in demand for emergency medical services cots in end user expanding industries has propel the requirement for emergency medical services cots market.
Emergency Medical Services Cots Market by Technology
The emergency medical services cots market by technology includes various segment like manual, pneumatic and electric powered. Manual cots segment are the major dominating segment in the global emergency medical services cots market during the estimated time period. Manual technology cots used for height adjustment, stretcher can be positioned up and down by turning the crank clockwise and anti-clockwise used respectively across the globe is one of the factors expected to drive the global emergency medical services cots market during the forecast period.
Emergency Medical Services Cots Market by End User
The emergency medical services cots market by end users includes various segment like EMS Service Providers Hospitals, Ambulatory Service Centers, Other. The EMS service provider’s hospitals segment is projected to dominate the global market during the forecast period. Increase in various emergency disease incidence is factor which increase the demand of emergency medical services cots.
Emergency Medical Services Cots Market by Geography
The global emergency medical services cots market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia-Pacific is likely to dominate the global market during the forecast period. A number of ambulance services are available in the Asia Pacific region that include both government and private providers. Furthermore, unauthorized ambulance services are also working to meet the increasing demand and insufficient ambulance services. Another important trend in the region is the rising ageing population. Furthermore, Many studies conducted in Asia Pacific indicate that a majority of ambulance dispatches were to address with patients 65 years and older. Thus, large patient pool in the region is expected to strongly support the rapid growth of the market. Whereas Asia Pacific is expected to witness the growth at highest pace during the estimated time period.
Competitive Landscape Analysis
The competitive landscape analysis of emergency medical services cots market is certainly based range of market players operating in the healthcare market with increasing demand for production of emergency medical services cots market. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are Stryker Corporation (US), Hill-Rom Services Inc. (US), Zhangjiagang New Fellow Med Co., Ltd. (China), ROYAX (Czech Republic), Fu Shun Hsing Technology Co. Ltd. (China), Jiangsu Rixin Medical Equipment Co. Ltd. (China), Jiangsu Saikang Medical Equipment Co. Ltd. (China), Paramed International FZ Co (Dubai), Ferno-Washington, Inc. (US), Spencer (India), Torontech (Canada), Amico Corporation (Canada), Desco (India), Narang Medical (India), among others.
