Global Emergency Medical Services (EMS) Products Market Size to Reach USD 40.33 Billion in 2032 | Emergen Research
The increasing need for immediate medical attention is a significant driver for the growth in revenue of emergency medical service (EMS) products market.
According to the latest analysis by Emergen Research, the global market for Emergency Medical Service (EMS) products is expected to achieve a value of USD 40.33 Billion by 2032. During this time, a steady compound annual growth rate (CAGR) of 7.6% in revenue is anticipated. This increase in value can be credited to the rising allocation of funds and investments in the medical industry. EMS is crucial in offering vital medical aid, including immediate care for patients in critical situations.
These services cover the complete handling of patients dealing with urgent medical, childbirth, and surgical situations. Additionally, they also provide treatment for wounds, infections, heart attacks, strokes, asthma, and sudden issues during pregnancy. For example, recent research from 2021 shows that healthcare spending in the United States increased by 2.7%, reaching an astonishing 4.3 trillion USD.
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In addition, a significant factor that helps revenue grow in the industry is the rising need for urgent medical assistance. Delivering top-notch emergency healthcare is crucial in preventing or reducing the severe aftermath of events like car crashes, septic infections, strokes, heart attacks, complications during pregnancy and childbirth, and different types of infections in children.
The structure of an Emergency Medical Services (EMS) unit, whether functioning separately or as part of a hospital system, is based on providing prompt medical assistance to patients dealing with severe medical conditions or injuries. This fast-paced setting includes a wide range of healthcare professionals, from skilled nurse practitioners to experts in specific medical fields.
In addition, there has been an increase in the number of trauma injuries, which is contributing to the growth of market revenue in the foreseeable future. Emergency medical service providers prepare themselves with trauma kits that consist of important tools for treating serious injuries. These kits include necessary items like bandages, dressings, tourniquets, chest seals, devices for managing the airway, and splints. By including these items, it becomes easier to quickly and effectively address bleeding, take care of wounds, and immobilize fractures.
However, it is crucial to emphasize that the incorrect use of these items may result in worsened damage or unsuccessful treatment results. This has the potential to obstruct the path of increasing market profitability.
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Projected Market Size in 2022
Projected Earnings until 2032
Initial Year for Calculation The base year refers to the initial year that is used as a starting point for estimating or calculating various data or statistics. It serves as a benchmark against which future numbers are compared and analyzed. This helps in understanding the relative changes and trends that occur over time. The selection of a base year is crucial in ensuring accurate and meaningful comparisons. It is typically chosen based on several factors, including the availability of reliable data, stability of economic conditions, and representativeness of the overall period being analyzed. Once a base year is established, it is used as a reference point for measuring changes in variables such as prices, quantities, incomes, or any other relevant indicators. This allows policymakers, researchers, and analysts to assess the impact of various factors on the economy or a specific sector. The base year is an essential tool for forecasting and planning purposes as well. By considering the historical data from the base year, future projections can be made, enabling companies and governments to make informed decisions and strategies. In conclusion, the base year is the starting point for estimation and calculation in various fields. It provides a foundation for analyzing trends, conducting comparisons, and making projections. Therefore, selecting an appropriate base year is crucial for accurate and meaningful assessments.
Income in United States Dollars (USD) totaling billions and Compound Annual Growth Rate (CAGR) expressed in percentages spanning the years 2023 through 2032.
Projected earnings, corporate standing, market competition, factors supporting expansion, and current patterns
Categories, purpose, customer application, and geographical location
Continents of Northern America, Western Europe, Pacific regions including Asia, Latin America, and the Middle East & Africa
United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Belgium, Netherlands, Luxembourg, Other European countries, China, India, Japan, South Korea, Other Asia Pacific countries, Brazil, Other Latin American countries, Saudi Arabia, United Arab Emirates, South Africa, Turkey, and Other Middle Eastern and African countries.
Medtronic, Stryker, Asahi Kasei Corporation, Cardinal Health, Koninklijke Philips N.V., GE HealthCare, 3M, BD, Johnson & Johnson Private Limited, and B. Braun SE are all leading companies in the medical industry. They are known for their expertise and innovative solutions in healthcare. These organizations excel in providing medical equipment, technologies, and services that improve patient outcomes and enhance overall healthcare delivery. Their commitment to advancing medical innovations ensures that individuals receive the best possible care. These companies have gained trust and recognition worldwide, making them go-to choices for medical professionals and institutions.
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Leading Corporations and Competitive Environment The dominant players and the ever-evolving business surroundings
The worldwide market for Emergency medical service (EMS) products is divided into different segments, with the majority of revenue being generated by big and mid-sized players. These key players are implementing different approaches, such as engaging in mergers and acquisitions, forming strategic agreements and contracts, as well as developing, testing, and launching more efficient products in the market. The global Emergency medical service products market report includes several notable players.
Becton and Dickinson (BD) Corporation
Johnson & Johnson Pvt. Ltd.
Demers Ambulances USA Inc. unveiled a fresh addition to the Crestline brand ambulances: a brand new ambulance model from the popular CCL 150 product range. This particular line of ambulances aims to provide much-needed comfort to EMS organizations in the U.S. that are in search of affordable yet reliable ambulances. The Crestline CCL 150 comes fully equipped with all the essential features, ensuring full compliance with the most up-to-date safety standards. Furthermore, it is backed by a Lifetime Paint warranty as well as a Lifetime Structural warranty, offering added peace of mind.
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Key Takeaways from the Study
In 2022, the largest share of revenue in the worldwide market for Emergency Medical Services (EMS) products was attributed to the sector that focuses on life support and emergency resuscitation systems. The reason for this can be attributed to the growing demand for emergency care due to the increasing occurrence of traffic accidents. According to the World Health Organization (WHO), every year more than 1.3 million individuals lose their lives in traffic accidents. This results in non-fatal injuries that affect between 20 and 50 million people, leaving many with disabilities. Additionally, the use of life support and emergency resuscitation equipment such as defibrillators, resuscitators, and ventilators is necessary during car accidents, which is contributing to the rise in revenue in this particular segment.
The segment focused on heart care is anticipated to experience a consistently rapid increase in revenue in the worldwide market for EMS products throughout the projected timeframe. This can be attributed to the growing number of serious accidents and heart stoppages. Portable cardiac monitors are devices that enable EMS providers to continuously observe a patient's heart activity, including their heart rate, rhythm, and vital signs. Consequently, this enables healthcare providers to make well-informed decisions regarding treatment and interventions, ultimately contributing to the revenue growth of this particular segment.
The portion of the blog that discusses hospitals and trauma centers is anticipated to have a significant impact on the overall revenue of the global EMS products market in the coming years. This is primarily attributed to the increasing prevalence of long-standing ailments such as dementia, diabetes, arthritis, cancer, and heart disease, which tend to become more frequent as individuals grow older. In order to swiftly address these chronic conditions, trauma centers employ medical tools to identify them at an early stage. As the older population is more prone to chronic disorders, acute illnesses, and injuries, emergency medical attention becomes a necessity. EMS devices play a crucial role in promptly diagnosing and monitoring vital signs in patients. These tools are invaluable during emergencies as they aid in the administration of medication and provide respiratory support.
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In order to compile this report, Emergen Research has divided the worldwide EMS products market into different sections based on the type, application, end-use, and region.
Forecast Outlook (Earnings, USD Billion; 2019–2032)
Systems for Sustaining Life and Urgent Revival Circumstances
Analyzers for Blood Gas and Electrolyte
Monitoring devices for before and after birth
Alternative Supplies for Wound Care
Alternative Equipment for Handling Patients
Disinfecting Products and Cleaning Agents
Hand and arm protection gear
Eye and facial safety gear
Equipment for safeguarding and maintaining the wellbeing of feet and legs
Market Overview of Application Site Outlook (Revenue, USD Billion; 2019–2032)
Projected Market Growth for the Period of 2019 to 2032
Medical facilities and trauma units
ASCs are medical facilities dedicated to providing outpatient surgeries and procedures.
Regional Forecast (Income, in billions of dollars, from 2019 to 2032)
The region encompassing the geographical areas of the Middle East and Africa.
Other countries in the Middle East and Africa
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