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Emergency Medical Service Products Market Opportunities, Challenges, Strategies & Forecasts Report

August 12, 2019 by Steve Blade  

The global market for emergency medical service products will remain influenced by growing government investments on healthcare infrastructure development, mounting incidences of trauma injuries, and increasing demand for emergency care. However, high prices of emergency equipment
and the rise in product recalls are expected to hinder the market growth. This Fact.MR report analyzes the expansion of global emergency medical service products market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026

Emergency Medical Service (EMS) products are those engaged in the provision of out-of-hospital acute care, and other services related to patients with damages and sicknesses that resist their movement. Various EMS products are currently available in the market, which include pulse oximeters, transcranial dopplers, and temperature monitors.

According to Fact.MR, emergency medical service products market is projected to register a CAGR of over 7% in terms of value over the forecast period, 2017 to 2026. Volume sales of emergency medical service products is estimated to reach roughly 99,000 units by 2026-end.

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The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

Key Takeaways from Fact.MR’s Report on Emergency Medical Service Products Market

  • North America is expected to account for the largest revenue share of the market, followed by Europe and Asia-Pacific excluding Japan (APEJ). In terms of value, the emergency medical service products market in North America will record the highest CAGR through 2026, trailed by that in APEJ. In addition, the market in Europe will exhibit a steady expansion through the forecast period.
  • In terms of revenues, ECG monitor is anticipated to remain the dominant product in the market, trailed by EEG monitors. However, sales of EEG monitors will exhibit a comparatively faster expansion than those of ECG monitors through 2026, in terms of value. In addition, revenues from sales of pulse oximeters and intracranial pressure monitors are projected to register nearly similar CAGRs through 2026. Pulse oximeters and transcranial dopplers will continue to be the least lucrative products in the market.
  • Hospitals are slated to remain the largest as well as the fastest growing end-users of emergency medical service products, in terms of revenues. Over US$ 19,000 Mn worth of emergency medical products are expected to be sold in hospitals by 2026-end. In addition, revenues from sales in hospitals will remain significantly higher than those from clinics and ambulatory surgical centers combined.
  • Cardiac care will continue to be the most lucrative application of emergency medical service products, followed by trauma injuries. Sales of emergency medical service products for application in oncology will account for a major portion of the market’s revenue share by 2026-end.

The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global emergency medical service products market. The global market for emergency medical service products has been segmented into application, end-user, product type, and region. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.

North America is expected to account for the largest revenue share of the market, followed by Europe and Asia-Pacific excluding Japan (APEJ). In terms of value, the emergency medical service products market in North America will record the highest CAGR through 2026, trailed by that in APEJ. In addition, the market in Europe will exhibit a steady expansion through the forecast period.

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Cardiac Care and Trauma Injuries to Remain Largest Applications of Emergency Medical Service Products

In terms of revenues, emergency medical service products are poised to witness the largest application in cardiac care and trauma injuries, mainly because of growing prevalence of cardiovascular disorders and the surge in geriatric population globally. Oncology will also prevail as a major application of emergency medical service products.

 Competition Tracking

The global market for EMS products is highly fragmented and is characterized on the basis of clinical results of products and new product launches. Leading manufacturers of EMS products are therefore adhering to strategies such as clinical trials, research & development, acquisitions, partnerships, joint ventures for increasing their market footprint. Key players tracked by the report, which are contributing significantly to the market expansion, include 3M, Asahi Kasei Corporation, C. R. Bard, Inc., Cardinal Health, GE Healthcare, Medtronic, and Philips Healthcare 

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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