Photos from Envato
Its expansion is attributed to the rise of chronic conditions around the world.
According to a report by Garner Insights Reports, the global emergency medical device market is expected to reach approximately USD 60B by 2033 at a CAGR of 6.5%.
The industry's expansion is attributed to chronic diseases such as cardiovascular disease, cancer and diabetes.
In addition, the rise in incidence of accidents, natural disasters and health emergencies is driving market growth.
“The market for these commodities is driven by commands of quick and effective medical interventions to protect lives and minimize morbidity,” the report said.
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