What Has Been the Growth of the Emergency Medical Services Products Market So Far?
The emergency medical services products market has seen considerable growth due to a variety of factors.
• The emergency medical services products market has grown strongly. It will increase from $26.47 billion in 2024 to $29.02 billion in 2025, at a CAGR of 9.6%.
This expansion is driven by regulatory changes, urbanization, natural and man-made disasters, rising healthcare expenditure, and population growth.
How Will the Emergency Medical Services Products Market?
The emergency medical services products market is expected to maintain its strong growth trajectory in upcoming years.
• The emergency medical services products market is forecasted to grow strongly, reaching $41.33 billion by 2029 at a CAGR of 9.2%.
This growth is driven by an aging population, increasing chronic diseases, technological advancements, government initiatives, and enhanced awareness and training programs. Trends include telemedicine adoption, portable diagnostic equipment advancements, wearable health technology, and improved training programs.
Which Factors Are Boosting Growth In The Emergency Medical Services Products Market?
The rise in road accidents is expected to drive the emergency medical services products market. Road accidents are increasing due to factors like distracted driving and poor infrastructure, creating a greater need for emergency medical services products. According to the National Highway Traffic Safety Administration in May 2022, motor vehicle fatalities in the US increased by 10.5% from 2020 to 2021, emphasizing the need for life-saving medical products and contributing to market growth.
What Key Areas Define The Segmentation Of The Global Emergency Medical Services Products Market?
The emergency medical services products market covered in this report is segmented –
1) By Type: Life Support And Emergency Resuscitation Equipment, Patient Monitoring Systems, Wound Care Consumables, Patient Handling Equipment, Infection Control Supplies, Personal Protection Equipment
2) By Application: Cardiac Care, Trauma Injuries, Respiratory Care, Oncology, Other Applications
3) By End User: Hospital, Trauma Centers, Ambulatory Surgical Centers, Others End Users
Subsegments:
1) By Life Support And Emergency Resuscitation Equipment: Defibrillators, Ventilators, Oxygen Equipment, Rescue Breathing Equipment
2) By Patient Monitoring Systems: ECG Monitors, Blood Pressure Monitors, Pulse Oximeters, Temperature Monitors
3) By Wound Care Consumables: Dressings And Bandages, Gauze And Cotton, Antiseptic Solutions, Sterile Wound Care Kits
4) By Patient Handling Equipment: Stretchers, Wheelchairs, Lifting And Transporting Devices, Transfer Boards
5) By Infection Control Supplies: Disinfectants And Sterilizing Agents, Antiseptic Wipes, Hand Sanitizers, Disposable Gloves
6) By Personal Protection Equipment: Face Shields And Masks, Gloves, Gowns, Respirators
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Which Emerging Market Trends Are Altering The Emergency Medical Services Products Industry?
Companies in the emergency medical services products market are focusing on developing generative AI-enabled emergency solutions to maximize revenues. These systems use AI to create tailored responses and actions in emergency situations. For example, in December 2022, Augmedix Inc., a U.S.-based medical documentation company, launched Augmedix Go, a fully automated medical documentation product for emergency departments (EDs). It leverages generative AI to streamline workflows and enhance patient care by automating the creation of patient notes in real-time.
Who Are the Key Players In The Emergency Medical Services Products Market?
Major companies operating in the emergency medical services products market are:
• Cardinal Health Inc.
• Honeywell International Inc.
• 3M Company
• Medtronic plc
• Medline Industries Inc.
• Philips Healthcare
• Stryker Corporation
• GE HealthCare Technologies Inc.
• Henry Schein Inc.
• Mindray Medical International Limited
• B. Braun Melsungen AG
• Draeger Medical
• Getinge AB
• Teleflex Incorporated
• Masimo Corporation
• R1 RCM Inc.
• Halyard Health
• Ambu A/S
• Zoll Medical Corporation
• Physio-Control
• Vyaire Medical
• Bound Tree Medical
• Nonin Medical Inc.
• Schiller AG
• Ferno-Washington Inc.
• Emergency Medical Products Inc.
• Hartwell Medical Corporation
What Is The Most Dominant Region In The Emergency Medical Services Products Market?
North America was the largest region in the emergency medical services products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the emergency medical services products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
