EMS Products Market Enduring Trends, Current Developments | Top Companies Are Stryker, Medtronic & Asahi Kasei

Posted on 2020-01-28 by MarketsandMarkets in Healthcare // 0 Comments

CITY – Northbrook, Country – USA, 2020-Jan-28 — /EPR Network/ —

The global EMS products market size was valued at USD 17.81 Billion in 2016 and is expected to reach USD 25.56 Billion by 2022, at a CAGR of 6.1%. Factors driving the growth of this market include high demand for emergency care, increasing incidence of trauma injuries, and growing investments by government bodies on healthcare infrastructure development (including the establishment of and improvements in emergency care infrastructure.

Browse 124 market data Tables and 40 Figures spread through 174 Pages and in-depth TOC on “EMS Products Market – Global Forecast 2017-2022”

The key strategies followed by most companies in the EMS products market are agreements, expansions, and product launches. These strategies accounted for the largest share of the overall growth strategies mapped from 2015 to 2017. Some of the leading players who adopted these strategies include Becton, Dickinson (US), Medtronic (Ireland), and 3M (US).

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Cardinal Health held the largest share of the EMS products market in 2016. Cardinal Health develops and manufactures medical and surgical products and provides customized healthcare solutions to hospitals, ASCs, clinical laboratories, pharmacies, and physician offices. The company offers a broad range of medical products, such as infection control supplies; patient care consumables; wound management products; and anesthesia supplies. The company has mainly focused on acquisition to increase its share in this market. For instance, in March 2015, Cardinal Health acquired Johnson & Johnson’s (US) Cordis business.

By type, the EMS products market is categorized into patient monitoring equipment, patient handling equipment, wound care products, infection control consumables, personal protection equipment, and life support and emergency resuscitation equipment. The life support and emergency resuscitation equipment segment is expected to grow at the fastest rate during the forecast period. The rising number of emergency visits and the growing requirement of life-support equipment (especially to prevent respiratory or heart failure in critically ill patients) are the major factors supporting the growth of this market segment.

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On the basis of applications, the market is categorized into cardiac care, trauma injuries, respiratory care, oncology, and other applications. The cardiac care segment is estimated to grow at the fastest rate during the forecast period. The growth of this segment can be attributed to the increasing prevalence of cardiovascular disorders and the rising geriatric population.

By end user, the EMS products market is classified into hospitals & trauma centers, ambulatory surgical centers, and other end users. The hospitals & trauma centers segment is estimated to grow at the fastest rate during the forecast period. The rising incidence of chronic conditions and trauma injuries and growth in investments, funds, and grants by government bodies worldwide for hospital infrastructure development are factors driving the growth of this market segment.

Based on region, the EMS products market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is estimated to dominate the EMS products market in 2017. The large share of this regional segment can primarily be attributed to the rising number of emergency visits, rising geriatric population, increasing healthcare expenditure, improving hospital infrastructure, technological advancements, and the strong presence of major players in the region.

Key players in the EMS products market include Stryker (US), Medtronic (Ireland), Asahi Kasei (Japan), Cardinal Health (US), Philips (Netherlands), GE Healthcare (US), Smith & Nephew (UK), 3M (US), Smiths Medical (UK), Becton, Dickinson (US), Johnson & Johnson (US), B. Braun (US), and C. R. Bard (US).

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