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Emergency Medical Services Products Market Size to Reach USD 46.1 Billion by 2032

27 Dec 2024
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Healthcare and Pharmaceuticals

The Emergency Medical Services Products market, valued at USD 25.7 Billion in 2023, is projected to surpass USD 46.1 Billion by 2032, indicating a robust CAGR of 6.8%

Emergency medical services (EMS) items are specialized medical devices and equipment used to provide immediate care and life-saving actions in emergency situations. These goods include defibrillators, ventilators, resuscitators, endotracheal tubes, and laryngoscopes, which are vital for stabilizing patients in critical situations such as cardiac arrests, trauma, respiratory distress, and serious injuries. EMS items are widely utilized by first responders, paramedics, and healthcare professionals in hospitals, ambulances, and emergency response units.

Emergency Medical Services Products Market Statistics

The primary use of EMS products is to provide emergency medical care in order to avoid fatalities, manage life-threatening conditions, and stabilize patients until they reach definitive care facilities. These devices are used in a variety of situations, including traffic accidents, natural disasters, and medical emergencies in both pre- and in-hospital settings. Overall, EMS solutions improve emergency care outcomes, ensure prompt treatments, and increase survival rates, making them indispensable in the healthcare ecosystem.

Emergency Medical Services Products Market Statistics

  • The global emergency medical services products market, generating USD 25.7 Billion in 2023, projects a robust CAGR exceeding 6.8% from 2024 to 2032
  • North America leads with a USD 12.8 billion of revenue in 2023
  • Asia-Pacific anticipates impressive growth with a projected CAGR of 7.6%
  • Based on product, life support & emergency resuscitation sub-segment anticipated to show 34% growth in 2023
  • Based on end users, hospitals sub-segment expected to generated 60% share in 2023
  • A discernible trend in the emergency medical services products market is increasing adoption of advanced technologies like AI and IoT in emergency medical devices

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Emergency Medical Services Products Market Dynamics

Rising Awareness of Emergency Medical Services among the General Population and Healthcare Providers Fuels the Emergency Medical Services Products Market Value

The growing public awareness of the significance of prompt medical care during crises such as cardiac arrests or trauma has increased demand for life-saving technology such as defibrillators, ventilators, and resuscitation equipment. Simultaneously, healthcare providers are becoming more proactive in educating staff and improving equipment to better handle emergency circumstances. This increased awareness is also aided by government efforts and health groups that promote emergency care readiness. As a result, the usage of modern EMS products is increasing, driving up the market value.

Increasing Investments in Healthcare Infrastructure in Emerging Markets, Offer Significant Emergency Medical Services Products Market Opportunity

Increasing investments in healthcare infrastructure in emerging nations create considerable development potential for the emergency medical services (EMS) products market. For instance, National health spending is expected to increase by 7.5% in 2023, when the COVID-19 public health emergency ends. This indicates significant gains in the usage of health care, with an estimated 93.1% of the population being covered that year. Governments and the business sector are devoting significant amounts to establish new hospitals, renovate medical facilities, and strengthen emergency response networks. This increased investment improves the availability and quality of EMS products such as defibrillators, ventilators, and resuscitation equipment. As healthcare access improves in these areas, the need for modern EMS goods is likely to rise, creating profitable prospects.

Emergency Medical Services Products Market Segmentation

The global market for emergency medical services products has been segmented into, product, and end-user, and region.

  • Product are divided into life support & emergency resuscitation (laryngoscopes, endotracheal tubes, resuscitators, defibrillators, ventilators), patient monitoring systems, wound care consumables (sutures & staples, dressings & bandages, others), infection control supplies (personal protection equipment, disinfectant and cleaning agents, others), patient handling equipment (wheelchairs and scooters, medical beds, other equipment ), and other EMS products
  • End-users are categorized into hospitals, ambulatory surgical centers (ascs), and others
  • The emergency medical services products market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa

Emergency Medical Services Products Market Regional Outlook

In terms of emergency medical services products market analysis, North America dominates market due to its well-established healthcare infrastructure, high healthcare spending, and broad use of new medical technology. The United States leads the industry in terms of emergency care funding and innovation. Furthermore, the presence of significant market rivals enhances product availability, and mergers and acquisitions boost regional market growth. For instance, in June 2024, Tri-Tech Forensics, Inc. purchased SAM Medical, a pioneer in medical device and trauma care solutions. SAM Medical has greatly expanded Tri-Tech's emergency medical product offering. This strategic move strengthens Tri-Tech's market position following its recent acquisition of Hartwell Medical.

The EMS goods market in Asia-Pacific is expanding significantly as healthcare investments rise and public awareness of emergency care services grows. Governments in the region are working on increasing healthcare access and upgrading emergency response infrastructure. For instance, Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) has authorized or registered (empanelled) 26,901 hospitals to provide healthcare services to scheme beneficiaries. Of these, 11,813 are private hospitals, with the remainder being public (government-run) hospitals. As governments facilities improve, this region's demand for modern EMS products is projected to increase.

Emergency Medical Services Products Market Players

Emergency medical services products companies profiled in the report include McKesson Medical-Surgical Inc., GE HealthCare, Stryker, Medline Industries, Inc., Bound Tree, ICU Medical, Inc., Becton, Dickinson and Company, Henry Schein, Inc., and Cardinal Health, Penncare Inc.

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