Emergency Medical Services Products Market (By Product: Patient Handling Equipment, Infection Control Supplies, Life Support & Emergency Resuscitation, Patient Monitoring Systems, Wound Care Consumables, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
According to Acumen Research and Consulting, the global Emergency Medical Services Products market is expected to grow at noteworthy CAGR around 6.7 % throughout the forecast period and reach around US 24.3 billion by 2026.
Also regarded as vital government service and Emergency Medical Service (EMS). The first few hours after starting the medical issue are emergency medical treatment. EMS is a comprehensive system of trauma services, trauma systems and organisations and hospitals; communications networks and transport networks.
The report provides analysis of global Emergency Medical Services Products market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Market Dynamics
The market growth is stimulated by factors, such as increasing trauma injuries, enormous demand for emergency care and increasing resources and development in hospital infrastructure. However, owing to uneven functioning, elevated prices for emergency machinery and product recovery impede the development of the industry. Increased healthcare expenses and numbers of clinics offer extensive market growth possibilities.
Market Insights
The main driving forces on the EMS product market are growing demand for emergent healthcare, increased trauma and higher health care spending worldwide.
Acute treatment of patients includes emergency medical services. EMS manages the medical, laboratory and surgical emergencies for patients. Injuries, diseases, heart attacks, strokes, asthma, and acute pregnancy complications are also treated. For example, the United States has both hospital and non-hospital emergency services. Emergency services have been split in two sections, Type A and Type B, by the Medicare and Medicaids Centers (CMS).
Functions Type A includes emergency departments that function for the designated time period 24 hours a day, 7 days each week, three hundred and sixty five days a year. In the United States, trauma is the fourth leading cause of death in all age groups according to the American Association for Trauma Surgery. More than 3,0 million non-fatal injuries have also been recorded in the U.S. every year, resulting in over 150,000 fatalities annually. Moreover, according to the CDC, the main cause of invalidity and death is traumatic brain injury which accounts for 30.0 per cent of all injury fatalities in the USA. The demand for the item is anticipated to increase the amount of instances and fatalities owing to trauma. In addition, organizations, such as the American Trauma Society, give injury prevention classes and training, which can also enhance the demand for EMS products over time.
Product Stance
On the basis of the product, life aid & resuscitation in 2018 was the biggest market share of EMS products. Audio life and emergency resuscitation involves equipment like defibrillators, endotracheal tubes, fans, laryngoscopes and resuscitators. Advanced Life Support (ALS) and Basic Life Support (BLS) systems are included in life support systems. ALS is the next level of BLS and needs further training and knowledge. ALS is an sophisticated process requiring the operation of other devices. The resuscitation mechanism offers the use in cardiac arrests for Cardiopulmonary Resuscitation (CPR). Intermittent Positive Pressure Ventilation (IPPV) and inhalation therapy for oxygen in the event of an emergency is provided. The ERS also comprises of the diagnosis and surgical equipment, a tiny oxygen cylindrical system, a manual suction system, a manual resusciter and an automated fan.
Regional Stance
In the forecast period, North America should dominate the EMS product market. Improving health infrastructures and increasing attention on emergency care suppliers are some of the driving variables in the regional industry. Furthermore, excellent coverage of reimbursement and the accessibility of qualified experts are expected to increase product demand over the predicted era. Asia Pacific is expected to experience the highest development during the forecast period, guided by developing countries, such as China, India and Japan. In these nations, increasing healthcare expenses are expected to encourage many significant businesses to travel to the undeveloped fields.
Trauma injuries are serious physical injuries, which require rapid medical attention when they occur suddenly, as in the United States. It is the major cause of death among people 1 to 45 years of age and the fourth major cause of death for all ages, the US Trauma Surgery Association. More than 3,0 million non-fatal injuries are also recorded in the United States every year and lead to over 150,000 fatalities each year.
In fact, traumatic brain injury, as defined by the CDC, is the biggest cause of disability and death in the USA. The development is expected to increase in high numbers of instances of disability and death owing to trauma.
Market Segmentation
Global Emergency Medical Services Products Market, By Product
- Patient Handling Equipment
- Infection Control Supplies
- Life Support & Emergency Resuscitation
- Patient Monitoring Systems
- Wound Care Consumables
- Other
Global Emergency Medical Services Products Market, By Geography
- North America.
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
The market research study on “Emergency Medical Services Products Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Emergency Medical Services Products market segments with market dynamics and their impact. The report also covers basic technology development policies.
This study offers an assessment of recent sector trends in each sub-segment between 2015 and 2026, forecasting sales development at worldwide, regional and nation levels. For this research, ARC segmented a product-and region-based worldwide market report on emergency medical services:
Key Players & Strategies
Bound Tree Medical; Strips, Inc.; Smeraldia, Inc.; McKesson Medical-Surgical, Inc.; Henry Schein, Inc.; Medline Industries; Inc.; and Life-Assist. Prominent main businesses in this market. These firms undertook a number of approaches to enhance their place in the worldwide economy, including merger and acquisitions, contracts and alliances.
Smiths Medical Inc., for example, signed a distribution contract in September 2017 with Sommetrics that will distribute its aerFree Airway Management System on the U.S. EMS product market. The FDA510(k) clearance for its ambulatory infusion pump CADD-Solis was obtained by Smiths Medical Inc. in August 2017. A wireless communication function is provided for the pump.
The DisImpactor Fecal Impaction Deletion System is offered to DisImpactor Medicines for hospice patient care in July 2017. Centurion's Hospice DisImpactor can alleviate patients ' suffering and prevent unnecessary entry to emergency services owing to serious fecal impactions.
Dakota Nitinol Stone Retrieval Device with OpenSure Handle in South Africa was announced in November 2016 by Boston Scientific Corporation in the U.S. and Europe. This kidney stone recovery device has been intended to permit physicians to release and capture multi-size kidney stones, from 10 millimeter complicated stones to 1 millimeter tiny fragments.
Frequently Asked Questions
What are the key drivers for the emergency medical services products market?
The main driving forces on the EMS product market are growing demand for emergent healthcare, increased trauma and higher health care spending worldwide.
Which factor curbs the growth of emergency medical services products market?
The market growth is stimulated by factors, such as increasing trauma injuries, enormous demand for emergency care and increasing resources and development in hospital infrastructure.
What will be the value of emergency medical services products market in the forecast period 2019 to 2026?
Acumen Research and Consulting predict that the emergency medical services products market value is anticipated to be worth around US$ 24.3 billion in 2026.
At what CAGR is the emergency medical services products market projected to grow during 2019 to 2026?
The emergency medical services products market is anticipated to grow over 6.7% CAGR during the forecast period 2019 to 2026.
Which are the key players of emergency medical services products market?
The key players of emergency medical services products market are Bound Tree Medical, Strips, Inc., Smeraldia, Inc., McKesson Medical-Surgical, Inc., Henry Schein, Inc., Medline Industries, Inc., and Life-Assist.
Which product application held largest market share?
On the basis of the product, life aid & resuscitation in 2018 was the biggest market share of EMS products.
What is the geographically segments of emergency medical services products market?
The emergency medical services products market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).
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