Global Emergency Medical Service Product Market Will Reach USD 31.54 Billion By 2024: Zion Market Research

According to the report, the global emergency medical service product market was valued at approximately USD 20.56 billion in 2017 and is expected to reach around USD 31.54 billion by 2024, growing at a CAGR of 6.77 % between 2018 and 2024.

New York, NY, Dec. 03, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Emergency Medical Service Product Market by Type (Patient Monitoring Equipment, Patient Handling Equipment, Wound Care Products, Infection Control Consumables, Personal Protection Equipment & Life Support, and Emergency Resuscitation Equipment), by Application (Cardiac Care, Trauma Injuries, Respiratory Care, Oncology, and Others), and by End-User (Hospitals & Trauma Centers, Ambulatory Surgical Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2024”. According to the report, the global emergency medical service product market was valued at approximately USD 20.56 billion in 2017 and is expected to reach around USD 31.54 billion by 2024, growing at a CAGR of 6.77 % between 2018 and 2024.

The emergency medical service is an important part of the healthcare system, especially for people who suffer sudden and unexpected emergencies. Emergency medical service is provided by local government and private entities within a geographic area, or by volunteer organizations.

Browse through 41 Tables & 12 Figures spread over 110 Pages and in-depth TOC on “Global Emergency Medical Service Product Market: Industry Type, Size, Share, Trends and Forecast, 2018–2024”.

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Since the last decade, major scientific advancements made in clinical practice have brought relentless changes to the emergency medical care. These innovations include the large-scale adoption of advanced equipment, such as the electrocardiogram monitor, pulse oximeter, CPR devices, and better drugs/medications. Additionally, ambulances are now being equipped with advanced radio communication systems, computers, and other patient care equipment. Emergency medical technicians and paramedics are now allowed to use advanced medications and protocols to provide better medical care for their patients. This includes new drugs to treat heart attacks, drug overdoses, and strokes. These advances are likely to drive the expansion of the emergency medical service product market.

However, the high costs of emergency medical equipment and a dearth of trained medical professionals are restraining the development of the emergency medical service product market.

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By type, this market is segmented into patient handling equipment, personal protection equipment, wound care products, patient monitoring equipment, infection control consumables, and life support and emergency resuscitation equipment. The life support and emergency resuscitation equipment segment are likely to account for the largest share of the emergency medical service product market. The patient monitoring equipment segment was the fastest growing segment and is likely to witness a substantial increase in revenue, owing to large-scale adoption in medical facilities.

By application, the emergency medical service product market is divided into trauma injuries cardiac care, oncology, respiratory care, and others. The cardiac care is projected to account for the largest share and grow at the highest CAGR in the forecast time period. Increasing prevalence of cardiac arrest due to cardiovascular diseases and a growing number of physical traumas are likely to benefit the emergency medical service product market in the upcoming years. This, in turn, is projected to positively impact the emergency medical service product market in the near future. However, the high cost of emergency medical service equipment might hinder this market’s growth. Increasing number of hospitals along with growing government investments made for healthcare infrastructure and medical services are expected to present lucrative opportunities in the forecast time period.

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The end-user segment includes hospitals and trauma centers, ambulatory surgical centers, and others. The hospitals and trauma centers segment dominated the market and accounted for the largest share in 2017, owing to high rates of hospital admission due to the growing incidences of heart disorders and traumatic injuries.

Europe is likely to be the second largest regional market and show strong growth in the upcoming years. The European emergency medical service product market is driven by the presence of government regulated emergency care providers. The UK accounts for a major market share and was the fastest growing country in Europe in 2017. This growth can be attributed to the easy availability of the emergency medical services and increased incidences of cardiac arrests. Heart disease is the number one death cause in the UK. According to the HEART UK, every year, more than 160,000 people die from heart and circulatory diseases.

Browse the full “Emergency Medical Service Product Market by Type (Patient Monitoring Equipment, Patient Handling Equipment, Wound Care Products, Infection Control Consumables, Personal Protection Equipment & Life Support, and Emergency Resuscitation Equipment), by Application (Cardiac Care, Trauma Injuries, Respiratory Care, Oncology, and Others), and by End-User (Hospitals & Trauma Centers, Ambulatory Surgical Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2024” report at https://www.zionmarketresearch.com/report/emergency-medical-service-product-market

The Asia Pacific was the fastest growing market in 2017 and is likely to witness rapid growth in the near future. This growth can be attributed to the rising geriatric population, growing incidences of chronic diseases, and increased adoption of medical devices in the healthcare sector. Rapid developments related to healthcare system reforms in the Asia Pacific countries, such as India and China, has boosted the emergency medical service product market in this region. Emergency medical services are becoming readily available in the urban areas provided by private and public funded hospitals, self-help groups, and institutions of religious practice that run ambulance services. Rising awareness regarding the use of medical devices and growing investments made in the development of emergency medical services are driving the growth of Asia Pacific emergency medical service product market. The Latin American market is anticipated to grow at a significant rate, owing to the thriving healthcare infrastructure. The Middle East and Africa are estimated to witness steady growth in this market during the forecast time period.

Some key players operating in the global emergency medical service product market include Stryker, Medtronic, Asahi Kasei, Cardinal Health, Philips, GE Healthcare, Smith & Nephew, 3M, Smiths Medical, Becton, Dickinson and Company, Johnson & Johnson, B. Braun, and C. R. Bard.

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This report segments the global emergency medical service product market as follows:

Global Emergency Medical Service Product Market: Type Segment Analysis

  • Life Support and Emergency Resuscitation Equipment
  • Patient Monitoring Systems
  • Wound Care Consumables
  • Patient Handling Equipment
  • Infection Control Supplies
  • Personal Protection Equipment

Global Emergency Medical Service Product Market: Application Segment Analysis

  • Cardiac Care
  • Trauma Injuries
  • Respiratory Care
  • Oncology
  • Others

Global Emergency Medical Service Product Market: End-User Segment Analysis

  • Hospitals & Trauma Centers
  • Ambulatory Surgical Centers
  • Others

Global Emergency Medical Service Product Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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