USD 18.04 billion
Global Emergency Medical Services (EMS) Products Market Size, Share, Growth Analysis, By Product(ECG Monitors, Pulse Oximeter), By End-Use(Hospitals, Clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG35D2023 |
Region:
Global |
Published Date: February, 2024
Pages:
243
|
Tables:
69 |
Figures:
75
Global Emergency Medical Services (EMS) Products Market Insights
Emergency Medical Services (EMS) Products Market size was valued at USD 18.04 billion in 2019 and is poised to grow from USD 19.41 billion in 2023 to USD 30.16 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).
Emergency medical services usually referred to as ambulatory services, are organizations that provide medical attention in an emergency. Injury and life-threatening conditions including cardiac arrest and stroke are the main areas of attention for emergency medical services. Emergency medical services also include those that are needed during natural disasters. The increase in cardiac arrests and accidents around the world is creating a greater need for emergency medical services. Software-based technological improvements in emergency medical services are providing extra advantages such as the ability to forecast future health hazards, improve communication in an emergency, and provide real-time guidance.
Significant drivers of the expansion of the global emergency services market include the rising incidence of trauma injuries and the growing need for stronger disaster management systems. In addition to this, growth in demand for an emergency response quickly, expanding demand for accurate patient health condition tracking, and improved and safe treatment due to the preparedness of the healthcare workforce is anticipated to drive demand for the global emergency medical services market during the forecast period.
US Emergency Medical Services (EMS) Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
7.6% CAGR
Global Emergency Medical Services (EMS) Products Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Emergency Medical Services (EMS) Products Market 2022-2028 ($ Bn)
Global Emergency Medical Services (EMS) Products Market Size By End-Use 2022-2028 ($ Bn)
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Global Emergency Medical Services (EMS) Products Market Segmental Analysis
The global emergency medical services (EMS) products market segmentation is based on product, end-use, and region. Based on product the Emergency Medical Services (EMS) Products Market is segmented into ECG monitors, pulse oximeters, EEG monitors, temperature monitors, intracranial pressure monitors, transcranial dopplers, disinfectant and cleaning agents, and other product types. Based on end-use the Emergency Medical Services (EMS) Products Market is segmented into hospitals, clinics, and ambulatory surgical centers. Based on region the global emergency medical services (EMS) products market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Emergency Medical Services (EMS) Products Market Analysis by End Use
The global emergency medical services product market's hospitals segment generated the most revenue in 2021. To accommodate a growing number of patients, hospitals require a considerable quantity of medical supplies, and emergency medical care goods are no exception. The primary source of revenue for emergency medical services globally will still be hospitals. Advanced Life Support (ALS) and Basic Life Support (BLS) are the two types of life support systems (BLS). The next level of the BLS system, ALS, necessitates additional training and expertise. ALS is a complex mechanism that necessitates the use of additional systems. Cardiopulmonary Resuscitation (CPR) is provided by the resuscitation system and is used in cases of cardiac arrest. In an emergency, it also provides Intermittent Positive-Pressure Ventilation (IPPV) and continuous oxygen inhalation therapy. Diagnostic and surgical items, a small oxygen cylinder, manual suction apparatus, a manual resuscitator, and an automatic ventilator are also part of the emergency resuscitation system.
Global Emergency Medical Services (EMS) Products Market Size By End-Use 2022-2028 (%), 2023 (%)
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Global Emergency Medical Services (EMS) Products Market Regional Insights
Due to the region's integrated emergency medical response systems and well-established healthcare and hospital sectors, North America dominates the industry. The regional market is being helped by, among other things, advancements in healthcare infrastructure and a greater focus on emergency care by healthcare providers. Furthermore, it is anticipated that product demand will be driven throughout the projection period by strong reimbursement coverage and the availability of experienced employees.
Due to the increased need for high-quality medical care, rising standards of living, and rising healthcare spending, Asia-Pacific is predicted to grow quickly and profitably during the projection period. Throughout the anticipated time, Asia Pacific is anticipated to increase at the fastest rate, propelled by developing nations like China, India, and Japan. Increased healthcare spending in these countries is anticipated to entice several major firms to investigate untapped areas.
Global Emergency Medical Services (EMS) Products Market By Geography, 2022-2028, 2024-2031
- Largest
- Fastest
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Global Emergency Medical Services (EMS) Products Market Dynamics
Emergency Medical Services (EMS) Products Market Driver
- The key reasons propelling the growth of the emergency medical service (EMS) products market are the rising funds and investments in medical services and the rise in incidences of trauma injuries. The number of hospitals and healthcare expenditures are both rising, which accelerates the market's total expansion.
- With the development of technology, the majority of healthcare professionals today see emergency medical services more as a part of the larger healthcare system that provides swift and mobile responses rather than as a stand-alone emergency response.
- Patients' extrication, transfer, and hoisting are considered to be essential EMS tasks. Making decisions about these patients' care is influenced by having access to high-quality data on them. Pre-hospital healthcare professionals and paramedics now have access to the full picture of a patient's medical history because of the development of electronic patient care records. This increases the demand for emergency medical service items by assisting medical professionals in ensuring that all patients receive the correct care and are admitted to the appropriate institutions for treatment.
Emergency Medical Services (EMS) Products Market Restraint
- Throughout the projection period, problems including high pricing associated with emergency products and product replacement due to irregular performance are predicted to hinder market expansion. The market's growth in the upcoming years will be somewhat constrained by a dearth of qualified experts.
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Global Emergency Medical Services (EMS) Products Market Competitive Landscape
Many businesses are emphasizing organic growth initiatives, including new launches, product approvals, and others like patents and events. To improve their position in the global market, these corporations have implemented a variety of techniques, including mergers and acquisitions, agreements, and collaborations. These actions have made it possible for market participants to grow their consumer bases and operations. With the increasing demand for emergency medical services (EMS) in the global industry, market payers from the EMS sector are projected to have attractive growth prospects in the future.
Emergency Medical Services (EMS) Products Market Top Players Company Profiles
- Stryker Corporation
- Medtronic plc
- Physio-Control Inc.
- ZOLL Medical Corporation
- GE Healthcare
- Cardinal Health Inc.
- Johnson & Johnson Services Inc.
- Smith & Nephew plc
- Philips Healthcare
- 3M Healthcare
- Bound Tree Medical
- B. Braun Melsungen AG
- EMS Find Inc.
- RDT Ltd.
- McKesson Medical-Surgical Inc.
- Life-Assist Inc.
- Bound Tree Medical Europe Ltd.
- Bound Tree Medical Canada Ltd.
- Medline Industries Inc.
- Bound Tree Medical Australia Pty Ltd.
Emergency Medical Services (EMS) Products Market Recent Development
- In May 2022, the AmbulanceMe app was created by an Indo-Australian JV between MedAchievers, a global conglomerate, and Digitology Healthtech Australia. They collaborated on the development of innovative tools for emergency care at patients' doorsteps and provided connectivity for critical care through hospitals in India and around the world.
Global Emergency Medical Services (EMS) Products Key Market Trends
- One of the key drivers fueling market expansion is the increased prevalence of gastrointestinal illnesses. The prevalence of patients with digestive problems is rising as more people embrace sedentary lifestyles. Throughout the projected period, it is predicted that there will be a high need for ambulatory healthcare services due to rising cases of digestive illnesses. Therefore, there may be a significant need for emergency medical services items over the predicted period due to the increased prevalence of digestive ailments.
Global Emergency Medical Services (EMS) Products Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the hospital sector of the global market for emergency medical services products earned the most amount of revenue in 2021. North America dominates the industry as a result of its well-established hospital and healthcare industries as well as its integrated emergency medical response systems. Asia-Pacific is expected to grow fast and profitably throughout the forecast period as a result of the increased need for high-quality medical care, rising standards of living, and rising healthcare spending.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 18.04 billion |
| Market size value in 2031 | USD 30.16 billion |
| Growth Rate | 7.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Emergency Medical Services (EMS) Products Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Emergency Medical Services (EMS) Products Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Emergency Medical Services (EMS) Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Emergency Medical Services (EMS) Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Emergency Medical Services (EMS) Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Emergency Medical Services (EMS) Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Emergency Medical Services (EMS) Products Market Report Snapshots
- Global Emergency Medical Services (EMS) Products Companies
- Global Emergency Medical Services (EMS) Products Market Size
- Global Emergency Medical Services (EMS) Products Market Analysis
- Global Emergency Medical Services (EMS) Products Geographic Analysis
- Global Emergency Medical Services (EMS) Products Market News
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