The new report by Expert Market Research titled, 'Global Emergency Medical Services Products Market Report and Forecast 2021-2026', gives an in-depth analysis of the global emergency medical services products market , assessing the market based on its segments like product, and major regions such as Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 21.5 Billion
- Forecast CAGR (2021-2026): 6.9%
- Forecast Market Size (2026): USD 32.1 Billion
The growth of global market for emergency medical services products is being driven by the escalating demand for emergency care, the rising frequency of trauma, and the growing spending on health care across the world. Moreover, infrastructural development in hospitals all over the world, and a rise in their funding are some of the other significant drivers of the market. Nevertheless, the growing expenditure on healthcare and the growing number of hospitals provide abundant opportunities.
Industry Definition and Major Segments
Emergency Medical Services (EMS) products are a range of products used to provide medical assistance in case of emergencies like road accidents, fire, and explosion incidents. The services include paramedics, ambulatory services and associated products, equipment, or supplies. In most cases, these products are used for pre-hospital treatment, stabilization, and ease of transportation.
The emergency medical services products industry can be divided on the basis of its product into:
- Life Support and Emergency Resuscitation
- Patient Monitoring Systems
- Wound Care Consumables
- Patient Handling Equipment
- Infection Control Supplies
The regional markets for emergency medical services products include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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The Asia Pacific is likely to witness the fastest growth during the forecast period owing to the rising living standards, increased demand for medical care quality, and the growing share of healthcare in an individual's income. With improved healthcare infrastructure and high focus of healthcare providers on emergency services, North America is expected to maintain its dominance in the market in coming years. By product type, life support and emergency resuscitation directed the largest share of the market attributing to the requirement of adequate equipment and healthcare experts in case of any life-threatening emergencies.
Key Market Players
The major players in the market are Medtronic plc, Johnson & Johnson, Smiths Group plc, Stryker Corporation, and Cardinal Health, Inc. among few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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