Global Emergency Medical Services (EMS) Market, By Type (Patient Monitoring Systems, Life Support and Emergency Resuscitation Equipment, Patient Handling Equipment, Personal Protection Equipment, Wound Care Consumables, Infection Control Supplies, Other), Applications (Trauma Injuries, Oncology, Cardiac Care, Respiratory Care, Other), End User (Ambulatory Surgical Centers, Hospitals, Other) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Humans live in a world that is highly prone to accidents. Many a times, these accidents could result in serious and grievous injuries. In case of sudden cardiac arrest, hospitals lend ambulance service to the patient’s for picking purpose. This ambulance service is one of the example of emergency medical services (EMS). Therefore, the importance of emergency medical services (EMS) is highly evident especially in this fast pacing and modern world where technology is at its peak.
- Data Bridge Market Research analyses that the emergency medical services (EMS) market is expected to undergo a CAGR of 8.75% during the forecast period of 2022 to 2029. “Cardiac Care” accounts for the largest applications segment in the emergency medical services (EMS) market owing to the increasing prevalence of cardiovascular disorders coupled with rising geriatric population base.
Market Definition
Emergency medical services are the services that are provided to or an individual is facilitated with in case of emergencies. This indicates that the emergency medical services (EMS) are a lot more than the services rendered in a hospital or a clinic. The emergency medical services (EMS) are the coordinated, effective and efficient systems of response and emergency medical care given to the patients in times of need.
Emergency Medical Services (EMS) Market Dynamics
Drivers
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Accidents on the rise
Rising cases of road accidents, cardiac arrests, suicidal attempts, industrial accidents and much more are responsible for fostering growth in the demand for immediate response and emergency medical care all around the world. Moreover, increase in initiatives by the healthcare providers to improve the patient care management systems will yet again widen the scope of growth for the emergency medical services (EMS) market.
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Rising development and advancements
Growth and expansion of the healthcare industry especially in the developing economies such as India, China and others has invited modern and advanced healthcare technologies. This has led to the massive improvement in quick response systems. Feeding the patients with a designated helpline is another initiative taken up in this direction. All of this has led to the rise in demand for emergency medical services (EMS).
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Geriatric population
As one gets older, he or she is bound to suffer from various ailments. Cardiovascular diseases or disorders are the most prevalent of all in the old age people. This indicates that the people in this age range may need medical services anytime and any day, thereby, providing lucrative growth opportunities for the emergency medical services (EMS) market.
Additionally, increasing personal disposable income and rising number of mergers and acquisitions will positively affect the emergency medical services (EMS) market.
Opportunities
Furthermore, rising support of government for the development of emergency care centres will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, increase in focus of health care suppliers on emergency care fuel and increasing implementation of favourable government policies to promote occupational safety and health will further expand the emergency medical services (EMS) market's growth rate in the future.
Restraints/Challenges
On the other hand, shortage of skilled professionals in the underdeveloped and backward economies, rising number of product recalls, and high expenditure required for research and developmental activities are expected to obstruct market growth. Also, dearth of awareness and required infrastructural facilities in the underdeveloped and backward regions coupled with increasing patent expiry is projected to challenge the emergency medical services (EMS)market in the forecast period of 2022-2029.
This emergency medical services (EMS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the emergency medical services (EMS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Emergency Medical Services (EMS) Market
The pandemic has been responsible for taking up numerous lives in the past two years. Serious cases required to be transported from their homes to some or the other healthcare infrastructure. Acute shortage of resources such as oxygen cylinders and medical beds was witnessed especially in the second wave. Reports suggested that kids and old age population were more prone to infection. As a result, there was a sudden upsurge in the demand for quick response and medical care services. As a result, the emergency medical services (EMS) market soared greater heights in this phase.
Recent Development
- In June 2020, Mahindra announced the launch of a BS-6 Supro ambulance. This is basically installed with foldable tray, medical supplies, advertising system, and indoor lighting.
Global Emergency Medical Services (EMS) Market Scope
The emergency medical services (EMS) market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Patient Monitoring Systems
- Life Support and Emergency Resuscitation Equipment
- Patient Handling Equipment
- Personal Protection Equipment
- Wound Care Consumables
- Infection Control Supplies
- Other
On the basis of type, the emergency medical services (EMS) market can be segmented as patient monitoring systems, life support and emergency resuscitation equipment, patient handling equipment, personal protection equipment, wound care consumables, infection control supplies and others.
Application
- Trauma Injuries
- Oncology
- Cardiac Care
- Respiratory Care
- Other
On the basis of application segment, the emergency medical services (EMS) market can be segmented into trauma injuries, oncology, cardiac care, respiratory care and other.
End User
- Ambulatory Surgical Centers
- Hospitals
- Other
On the basis of end user, the emergency medical services (EMS) market is segmented into ambulatory surgical centers, hospitals and others.
Emergency Medical Services (EMS) Market Regional Analysis/Insights
The emergency medical services (EMS) market is analysed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the emergency medical services (EMS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the emergency medical services (EMS) market because of the presence of number of service providers in this region coupled with rising prevalence of favourable reimbursement scenario.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in the number of coronavirus infected patients and increasing cases of road accidents.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The emergency medical services (EMS) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for emergency medical services (EMS) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the emergency medical services (EMS) market. The data is available for historic period 2010-2020.
Competitive Landscape and Emergency Medical Services (EMS) Market Share Analysis
The emergency medical services (EMS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to emergency medical services (EMS) market.
Some of the major players operating in the emergency medical services (EMS) market are Boston Scientific Corporation, Terumo Corporation, Diagmed Healthcare, ConvaTec Inc., Baxter, Merit Medical Systems., Danaher, Johnson & Johnson Services, Inc., Asahi Kasei Corporation, 3M, BD, Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, Smith & Nephew, Medtronic, Stryker, B. Braun Melsungen AG and Cardinal Health among others.
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