The emergency medical services products market size has grown strongly in recent years. It will grow from $24.24 billion in 2023 to $26.47 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to regulatory changes, urbanization, natural disasters, man-made emergencies, increasing healthcare expenditure, and population growth.
The emergency medical services products market size is expected to see strong growth in the next few years. It will grow to $37.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to an aging population, a rising incidence of chronic diseases, technological advancements, government initiatives and funding, and growing awareness and training programs. Major trends in the forecast period include increased adoption of telemedicine, advancements in portable diagnostic equipment, growth in wearable health technology, and enhanced training and simulation programs.
The rise in road accidents is anticipated to drive the growth of the emergency medical services products market in the foreseeable future. Road accidents are unforeseen incidents occurring on roads or highways involving one or more vehicles, pedestrians, or cyclists, leading to damage, injuries, or fatalities. This increase is attributed to heightened vehicle usage, distracted driving, and inadequate road infrastructure. Emergency medical services products play a crucial role in such accidents, enabling swift responses, trauma care, and the transportation of injured individuals, ultimately saving lives and reducing long-term health complications. For instance, in May 2022, the National Highway Traffic Safety Administration reported an estimated 42,915 deaths in motor vehicle traffic crashes in the US last year, representing a 10.5% increase from the 38,824 fatalities in 2020. Hence, the uptick in road accidents is fueling the expansion of the emergency medical services products market.
Major players in the emergency medical services products market are prioritizing the development of innovative technologies, such as generative artificial intelligence (AI)-enabled emergency solutions, to capitalize on market growth opportunities. A generative AI-enabled emergency solution refers to an advanced technological system leveraging AI algorithms to dynamically generate responses and actions tailored to emergency scenarios. For example, in December 2022, Augmedix Inc. launched Augmedix Go, a fully automated medical documentation product for emergency departments (EDs) utilizing generative AI technology. This innovative product aims to streamline workflows and improve patient care in EDs by automating real-time patient notes drafting.
In May 2024, Tri-Tech Forensics Inc. acquired SAM Medical Products, a move expected to bolster Tri-Tech Forensics' emergency medical product portfolio and enhance its market position. SAM Medical Products develops, manufactures, and markets orthopedic splints and wound care devices, catering to various professionals in the medical field.
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.
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.
The countries covered in the emergency medical services products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Emergency medical services products encompass specialized equipment and supplies used by emergency responders and healthcare professionals during medical emergencies. These products include life support systems, diagnostic tools, and transportation devices crucial for stabilizing and treating patients before they reach a healthcare facility, ensuring a timely and effective medical response.
The main types of emergency medical services products include life support and emergency resuscitation equipment, patient monitoring systems, wound care consumables, patient handling equipment, infection control supplies, and personal protection equipment. Life support and emergency resuscitation equipment are designed to sustain vital bodily functions and restore breathing and circulation in individuals facing cardiac arrest, respiratory failure, or other life-threatening emergencies. These products find applications in areas such as cardiac care, trauma injuries, respiratory care, oncology, and others, serving various end users such as hospitals, trauma centers, ambulatory surgical centers, and more.
The emergency medical services products market research report is one of a series of new reports that provides emergency medical services products market statistics, including emergency medical services products industry global market size, regional shares, competitors with a emergency medical services products market share, detailed emergency medical services products market segments, market trends and opportunities, and any further data you may need to thrive in the emergency medical services products industry. This emergency medical services products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The emergency medical services products market consists of sales of defibrillators, mechanical ventilators, oxygen cylinders, patient monitors, and suction units. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The emergency medical services products market size is expected to see strong growth in the next few years. It will grow to $37.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to an aging population, a rising incidence of chronic diseases, technological advancements, government initiatives and funding, and growing awareness and training programs. Major trends in the forecast period include increased adoption of telemedicine, advancements in portable diagnostic equipment, growth in wearable health technology, and enhanced training and simulation programs.
The rise in road accidents is anticipated to drive the growth of the emergency medical services products market in the foreseeable future. Road accidents are unforeseen incidents occurring on roads or highways involving one or more vehicles, pedestrians, or cyclists, leading to damage, injuries, or fatalities. This increase is attributed to heightened vehicle usage, distracted driving, and inadequate road infrastructure. Emergency medical services products play a crucial role in such accidents, enabling swift responses, trauma care, and the transportation of injured individuals, ultimately saving lives and reducing long-term health complications. For instance, in May 2022, the National Highway Traffic Safety Administration reported an estimated 42,915 deaths in motor vehicle traffic crashes in the US last year, representing a 10.5% increase from the 38,824 fatalities in 2020. Hence, the uptick in road accidents is fueling the expansion of the emergency medical services products market.
Major players in the emergency medical services products market are prioritizing the development of innovative technologies, such as generative artificial intelligence (AI)-enabled emergency solutions, to capitalize on market growth opportunities. A generative AI-enabled emergency solution refers to an advanced technological system leveraging AI algorithms to dynamically generate responses and actions tailored to emergency scenarios. For example, in December 2022, Augmedix Inc. launched Augmedix Go, a fully automated medical documentation product for emergency departments (EDs) utilizing generative AI technology. This innovative product aims to streamline workflows and improve patient care in EDs by automating real-time patient notes drafting.
In May 2024, Tri-Tech Forensics Inc. acquired SAM Medical Products, a move expected to bolster Tri-Tech Forensics' emergency medical product portfolio and enhance its market position. SAM Medical Products develops, manufactures, and markets orthopedic splints and wound care devices, catering to various professionals in the medical field.
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.
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.
The countries covered in the emergency medical services products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Emergency medical services products encompass specialized equipment and supplies used by emergency responders and healthcare professionals during medical emergencies. These products include life support systems, diagnostic tools, and transportation devices crucial for stabilizing and treating patients before they reach a healthcare facility, ensuring a timely and effective medical response.
The main types of emergency medical services products include life support and emergency resuscitation equipment, patient monitoring systems, wound care consumables, patient handling equipment, infection control supplies, and personal protection equipment. Life support and emergency resuscitation equipment are designed to sustain vital bodily functions and restore breathing and circulation in individuals facing cardiac arrest, respiratory failure, or other life-threatening emergencies. These products find applications in areas such as cardiac care, trauma injuries, respiratory care, oncology, and others, serving various end users such as hospitals, trauma centers, ambulatory surgical centers, and more.
The emergency medical services products market research report is one of a series of new reports that provides emergency medical services products market statistics, including emergency medical services products industry global market size, regional shares, competitors with a emergency medical services products market share, detailed emergency medical services products market segments, market trends and opportunities, and any further data you may need to thrive in the emergency medical services products industry. This emergency medical services products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The emergency medical services products market consists of sales of defibrillators, mechanical ventilators, oxygen cylinders, patient monitors, and suction units. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Emergency Medical Services Products Market Characteristics3. Emergency Medical Services Products Market Trends and Strategies32. Global Emergency Medical Services Products Market Competitive Benchmarking33. Global Emergency Medical Services Products Market Competitive Dashboard34. Key Mergers and Acquisitions in the Emergency Medical Services Products Market
4. Emergency Medical Services Products Market - Macro Economic Scenario
5. Global Emergency Medical Services Products Market Size and Growth
6. Emergency Medical Services Products Market Segmentation
7. Emergency Medical Services Products Market Regional and Country Analysis
8. Asia-Pacific Emergency Medical Services Products Market
9. China Emergency Medical Services Products Market
10. India Emergency Medical Services Products Market
11. Japan Emergency Medical Services Products Market
12. Australia Emergency Medical Services Products Market
13. Indonesia Emergency Medical Services Products Market
14. South Korea Emergency Medical Services Products Market
15. Western Europe Emergency Medical Services Products Market
16. UK Emergency Medical Services Products Market
17. Germany Emergency Medical Services Products Market
18. France Emergency Medical Services Products Market
19. Italy Emergency Medical Services Products Market
20. Spain Emergency Medical Services Products Market
21. Eastern Europe Emergency Medical Services Products Market
22. Russia Emergency Medical Services Products Market
23. North America Emergency Medical Services Products Market
24. USA Emergency Medical Services Products Market
25. Canada Emergency Medical Services Products Market
26. South America Emergency Medical Services Products Market
27. Brazil Emergency Medical Services Products Market
28. Middle East Emergency Medical Services Products Market
29. Africa Emergency Medical Services Products Market
30. Emergency Medical Services Products Market Competitive Landscape and Company Profiles
31. Emergency Medical Services Products Market Other Major and Innovative Companies
35. Emergency Medical Services Products Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Emergency Medical Services Products Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on emergency medical services products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for emergency medical services products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The emergency medical services products market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Life Support And Emergency Resuscitation Equipment; Patient Monitoring Systems; Wound Care Consumables; Patient Handling Equipment; Infection Control Supplies; Personal Protection Equipment2) By Application: Cardiac Care; Trauma Injuries; Respiratory Care; Oncology; Other Applications
3) By End User: Hospital; Trauma Centers; Ambulatory Surgical Centers; Others End Users
Key Companies Mentioned: Cardinal Health Inc.; Honeywell International Inc.; 3M Company; Medtronic plc; Medline Industries Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 26.47 Billion |
Forecasted Market Value ( USD | $ 37.87 Billion |
Compound Annual Growth Rate | 9.4% |
Regions Covered | Global |
No. of Companies Mentioned | 27 |