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 2031.
Emergency Medical Services (EMS) Market Analysis and Size
Humans live in a world that is highly prone to accidents. Many times, these accidents could result in serious and grievous injuries. In case of sudden cardiac arrest, hospitals lend ambulance services to the patients for picking purposes. This ambulance service is one of the examples of emergency medical services (EMS). Therefore, the importance of emergency medical services (EMS) is highly evident, especially in this fast-paced and modern world where technology is at its peak.
Data Bridge Market Research analyzes that the global emergency medical services (EMS) market which was USD 46.50 billion in 2023, is likely to reach USD 81.06 billion by 2031, and is expected to undergo a CAGR of 8.7% during the forecast period. “Patient monitoring systems” dominates the type segment of the market due to the rising technological advancements. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Emergency Medical Services (EMS) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2022)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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Market Players Covered
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Boston Scientific Corporation (U.S.), Terumo Corporation (Japan), Diagmed Healthcare (U.K.), ConvaTec Inc. (U.K.), Baxter (U.S.), Merit Medical Systems (U.S.), Danaher (U.S.), Johnson & Johnson Services, Inc. (U.S.), Asahi Kasei Corporation (Japan), 3M (U.S.), BD (U.S.), Koninklijke Philips N.V. (Netherlands), GENERAL ELECTRIC COMPANY (U.S.), Smith & Nephew (U.S.), Medtronic (Ireland), Stryker (U.S.), B. Braun Melsungen AG (Germany), Cardinal Health (U.S.)
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Market Opportunities
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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.
Global Emergency Medical Services (EMS) Market Dynamics
Drivers
- Increasing 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.
- 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).
Opportunities
- Increasing telemedicine and remote care
The rise of telemedicine and remote care services presents a significant opportunity. Telehealth solutions allow healthcare providers to reach patients in remote areas, offer convenient consultations, and monitor chronic conditions remotely. The demand for virtual care surged during the COVID-19 pandemic and continues to grow as patients seek more accessible and convenient healthcare options.
- Increasing focus on personalized medicine
Advancements in genomics and personalized medicine offer opportunities for tailored treatments based on individual genetic profiles. Precision medicine approaches enable targeted therapies, minimizing adverse effects and improving treatment efficacy.
Restrains
- Strict regulations and guidelines
The medical industry is heavily regulated, making it challenging for emerging medical services to navigate complex compliance requirements. Regulatory hurdles can delay the introduction of new services, hinder innovation, and increase operational costs.
- Cost and reimbursement challenges
Emerging medical services may face challenges in demonstrating cost-effectiveness and gaining reimbursement from healthcare payers. Convincing insurance providers or government health programs of the value and cost savings of these services can be a hurdle.
Challenge
- Data security and privacy concerns
With the increasing use of digital technologies in healthcare, ensuring robust data security and patient privacy becomes critical. Emerging medical services often deal with sensitive patient information, requiring stringent measures to protect data from breaches and unauthorized access.
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.
Recent Developments
- 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
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Patient Monitoring Systems
- Life Support and Emergency Resuscitation Equipment
- Patient Handling Equipment
- Personal Protection Equipment
- Wound Care Consumables
- Infection Control Supplies
- Other
Application
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Trauma Injuries
- Oncology
- Cardiac Care
- Respiratory Care
- Other
End User
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Ambulatory Surgical Centers
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Hospitals
- Other
Global Emergency Medical Services (EMS) Market Regional Analysis/Insights
The emergency medical services (EMS) market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.
North America is expected to dominate the market due to the presence of a number of service providers in this region coupled with the rising prevalence of favorable reimbursement scenarios. Asia-Pacific is expected to witness significant growth during the forecast period of 2024 to 2031 due to the increase in government initiatives to promote awareness, the 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
emergency medical services (EMS) market also provides you with detailed market analysis for every country growth in particular industry with emergency medical services (EMS) sales, impact of advancement in the anaesthetic devices and changes in regulatory scenarios with their support for the emergency medical services (EMS) market. The data is available for historic period 2010-2021.
Competitive Landscape and Global 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 (U.S.)
- Terumo Corporation (Japan)
- Diagmed Healthcare (U.K.)
- ConvaTec Inc. (U.K.)
- Baxter (U.S.)
- Merit Medical Systems (U.S.)
- Danaher (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
- Asahi Kasei Corporation (Japan)
- 3M (U.S.)
- BD (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- GENERAL ELECTRIC COMPANY (U.S.)
- Smith & Nephew (U.S.)
- Medtronic (Ireland)
- Stryker (U.S.)
- B. Braun Melsungen AG (Germany)
- Cardinal Health (U.S.)
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