Emergency Medical Service Products Market Analysis and Research to Witness Relatively Significant Growth During 2017 to 2026

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

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.

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.

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.

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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 

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