Future Prospects of Emergency Medical Service Products Market: Analysis, Size, Share, Growth, Demand, Trends and Forecast Through 2026

Posted on 2018-07-27 by Mark Hub in Healthcare // 0 Comments

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ROCKVILLE, US, 2018-Jul-27 — /EPR Network/ — Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. “Emergency Medical Service Products Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global emergency medical service products market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the forecast period.

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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.

Access to High Quality Data Influencing Decision Making in Patient Care will Create Demand for EMS Products

As technology evolves, majority of the healthcare professionals have been addressing emergency medical services as more integrated rapid and mobile response branch of the overall healthcare system, rather than a separate emergency response. According to most of the patients receiving EMS, it is witnessing a rapid integration into the overall healthcare system, indicating that “mobile integrated healthcare” is a better term describing the profession as compared to “emergency medical services”. Extricating, moving and lifting patients are considered to be major aspect among responsibilities of EMS. Access to high quality data regarding these patients is influencing the decision making in patient care. With electronic patient care records closing in on maturity, pre-hospital medical professionals and paramedics are gaining access to the overall scenario of the patients’ medical history. This helps medical professionals in ensuring that all patients get the right attention, and are admitted to right hospitals for receiving the accurate treatment, thereby creating demand for emergency medical service products.

Uncertainty in Health Insurance can Impact EMS Organizations

Demand for emergency medical services (EMS) of operational as well as patient care data are likely to witness acceleration, with organizations tapping into this data for efficient operations. These organizations will also be able to demonstrate the value brought by them to the healthcare system and their communities. Leveraging this data, organizations are likely to discover greater value in the integrated data, which incorporates information received from multiple sources including data associated with outcomes and patient demographic from hospitals. Such data can further help increase the performance of devices & equipment such as emergency medical service (EMS) products used in hospitals and other healthcare settings. In addition, uncertainty in health insurance such as changes in Medicaid coverage, potential surges in uninsured patients, and higher deductibles are likely to have a major impact on EMS organizations, which are responsible for billing the patients’ insurance for services, particularly in terms of the way they are reimbursed, paid and the services they are paid.

Although value-based purchasing is increasingly being implemented across hospitals, its foray into EMS is yet to be realized. However, the scrutiny peripheral to quality of care brought to hospitals by value-based purchasing is indirectly impacting demand for emergency medical services and thereby its products. As hospitals seek ensuring maximum reimbursement for services provided, EMS is likely to be considered as an imperative partner for steering patients toward appropriate and the most effective care venue. With growing popularity of emergency medical services, demand for their products will witness a significant rise in the near future.

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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.

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