Market Size of Emergency Medical Services Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Emergency Medical Services Products Market Analysis
The emergency medical services products market is expected to register a CAGR of 6.2% over the forecast period.
- The COVID-19 pandemic significantly impacted the emergency medical services (EMS) products market during the early phase of the pandemic. For instance, as per the article published by the PLOS One Journal in March 2022, the high incidence of COVID-19-related respiratory failure led to shortages in the supply of mechanical ventilators worldwide. Therefore, the shortages of ventilators during the pandemic showed the significant impact of the COVID-19 pandemic on the emergency medical services products market.
- However, by that time, the market had picked up its pace due to the increased awareness of the importance of preparedness and the need for robust medical infrastructure. Additionally, the market will likely experience sustained demand for advanced respiratory support devices and other emergency medical products to enhance emergency response capabilities and ensure adequate healthcare delivery during the post-pandemic period.
- The major factors driving the market growth include the rising incidence of chronic diseases and injuries, advancements in medical technology, and a surging number of product launches by prominent players.
- The rise in road accidents and trauma cases necessitates the availability of advanced EMS products for effective emergency care and management, thereby augmenting market growth. For instance, as per the report published by the Ministry of Road Transport and Highways of India (MoRTH) in December 2022, approximately 412,432 road accidents were reported in India in 2021, with injuries to 384,448 persons. Hence, the high frequency of road accidents in India is projected to drive the demand for emergency medical services products such as trauma kits, medical supplies, and specialized equipment needed for prompt and effective emergency response.
- In addition, the rising number of Emergency Department (ED) visits in various countries is also projected to drive the demand for life support & emergency resuscitation patient handling systems during the forecast period. For instance, according to the data published by the Australian Institute of Health and Welfare in October 2022, there were around 8.79 million visits to EDs in Australian public hospitals during 2021-2022. The same source mentioned that the ED visits in Australia were approximately 339 visits per 1,000 population during 2021-2022.
- Moreover, the prominent players are doing various strategic collaborations or partnerships to bring advanced emergency medical services products to the market. For instance, in August 2022, United Kingdom-based wheelchair manufacturer RGK and Sunrise Medical North America collaborated to launch RGK's new window Octane Sub4, a rigid titanium wheelchair.
- Therefore, the rising number of road accidents, increase in ED visits in various countries, and spur in the number of collaborations amongst prominent players to launch advanced EMS products are projected to drive market growth during the forecast period. However, the high cost of EMS products and stringent regulatory requirements are projected to restrain market growth during the forecast period.
Emergency Medical Services Products Industry Segmentation
Emergency medical surgical products refer to a wide range of medical devices, instruments, and supplies specifically designed and utilized in emergencies to provide immediate medical care and perform surgical procedures. These products are essential when rapid medical intervention is required to save lives, stabilize patients, or address critical injuries or illnesses.
The emergency medical services products market is segmented by type (life support & emergency resuscitation (defibrillators, ventilators, laryngoscopes, and other life support & emergency resuscitations), patient monitoring systems, wound care (dressings & bandages, sutures & staples, and other wound care), patient handling equipment (medical beds, wheelchairs & scooters, and other equipment), infection control supplies (disinfectant & cleaning agents, personal protection equipment, and other infection control supplies ), and other EMS products), end-user (hospitals & trauma centers, ambulatory surgical centers, other end-users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across significant regions globally.
The report offers the value (in USD) for the above segments.
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Emergency Medical Services Products Market Size Summary
The emergency medical services (EMS) products market is poised for significant growth, driven by factors such as the rising incidence of chronic diseases, advancements in medical technology, and an increase in road accidents and trauma cases. The COVID-19 pandemic initially disrupted the market, highlighting the critical need for robust medical infrastructure and advanced respiratory support devices. This awareness has led to sustained demand for EMS products, including trauma kits and specialized equipment, to enhance emergency response capabilities. The market is further bolstered by strategic collaborations among prominent players, aiming to introduce innovative EMS solutions. However, challenges such as the high cost of EMS products and stringent regulatory requirements may impede market expansion.
North America is expected to maintain a substantial share of the EMS products market, fueled by a high number of emergency department visits and significant healthcare expenditure. The presence of key industry players in the region, coupled with their active role in launching advanced products, contributes to market growth. Government initiatives and funding to improve healthcare infrastructure globally also play a crucial role in propelling the market. The demand for ventilators, driven by the prevalence of respiratory conditions and government investments, is anticipated to see significant growth. The competitive landscape of the market is characterized by a limited number of companies engaged in product launches, collaborations, and acquisitions to strengthen their market position.
Emergency Medical Services Products Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Incidence of Chronic Diseases and Injuries
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1.2.2 Advancements in Medical Technology
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1.3 Market Restraints
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1.3.1 High Cost of EMS Products and Stringent Regulatory Requirements
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value-USD)
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2.1 By Type
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2.1.1 Life Support & Emergency Resuscitation
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2.1.1.1 Defibrillators
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2.1.1.2 Ventilators
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2.1.1.3 Laryngoscopes
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2.1.1.4 Other Life Support & Emergency Resuscitations
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2.1.2 Patient Monitoring Systems
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2.1.3 Wound Care Consumables
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2.1.3.1 Dressings & Bandages
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2.1.3.2 Sutures & Staples
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2.1.3.3 Other Wound Care Consumables
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2.1.4 Patient Handling Equipment
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2.1.4.1 Medical Beds
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2.1.4.2 Wheelchairs & Scooters
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2.1.4.3 Other Equipment
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2.1.5 Infection Control Supplies
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2.1.5.1 Disinfectant & Cleaning Agents
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2.1.5.2 Personal Protection Equipment
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2.1.5.3 Other Infection Control Supplies
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2.1.6 Other EMS Products
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2.2 By End-User
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2.2.1 Hospitals & Trauma Centers
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2.2.2 Ambulatory Surgical Centers
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2.2.3 Other End-Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East & Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East & Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Emergency Medical Services Products Market Size FAQs
What is the current Emergency Medical Services Products Market size?
The Emergency Medical Services Products Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Emergency Medical Services Products Market?
GE Healthcare , Medtronic , 3M, Stryker Corporation and McKesson Corporation are the major companies operating in the Emergency Medical Services Products Market.
