New York, U.S., May 16, 2022 (GLOBE NEWSWIRE) — Overview of the Emergency Medical Services Market
According to a comprehensive research report by Market Research Future (MRFR), “Emergency Medical Services Market Information by Products and Services, Application, End User and Region – Forecast to 2027”, the market is expected to reach USD 74,742.22 million at a CAGR of 6.91% from 2020 to 2027.
The emergency medical service can be described as a system that provides the necessary health care services in an emergency. It is an active service offered during any type of illness in patients. These services aim to provide emergency medical care to patients. These are complex services where each part of the system plays an important role in processing.
Emergency medical services involve acute care of people, with an emphasis on treating obstetric, surgical, and medical emergencies. Emergency Medical Services products can be segmented into type, application, end user, and region. Types of EMS products are personal protective equipment, wound care consumables, patient monitoring systems, infection control supplies, patient handling equipment, etc.
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Market Competitive Landscape:
Significant companies in the emergency medical services market include
- medical tree related
- McKesson Medical-Surgical
- Henry Schein, Inc.
- Medline Industries, Inc.
- Emergency Medical Products, Inc.
- Stryker Corp.
Covered USP market:
Emergency medical services facilitate the care of patients with obstetric, surgical and medical emergencies. The department also deals with the treatment of infections, injuries, strokes, heart attacks, acute pregnancy complications as well as asthma. For example, the United States has a hospital as well as non-hospital emergency departments. The Centers for Medicare and Medicaid Services (CMS) has separated emergency departments into two broad categories, namely type A and type B.
Type A operates all day, 7 days a week, 365 days a year while Type B includes departments that operate for a certain period of time. The American Association for Trauma Surgery says that nationwide, trauma is one of the top four causes of death, regardless of age group. Reports also confirm that in the United States, over 3 million non-fatal injuries occur each year, resulting in over 150,000 deaths each year.
Additionally, according to the CDC, in the United States, traumatic brain injury is a leading cause of death and disability, accounting for nearly 40% of all trauma deaths. The increasing number of deaths and disabilities due to trauma can propel the demand for emergency medical services. Additionally, associations like the American Trauma Society offer training and courses to prevent injuries, which may further increase the demand for EMS services and products in the years to come.
The significant costs of modern ambulance vehicles and the rising prices of advanced special assistive technologies in emergencies are major constraints. This leads to a huge disparity between different regional markets for emergency medical services. Strict government regulations on the manufacture of EMS further aggravate the situation.
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To reduce the number of infected people, the demand for various medical supplies has increased. Respiratory support devices, such as atomizers, monitors, and oxygen generators, are among the most widely deployed medical devices in primary clinical treatment.
COVID-19 has led to a massive increase in demand for medical supplies such as personal protective equipment such as gloves, goggles, and masks. With the increase in the number of infection cases around the world, the need for medical supplies continues to increase, both from medical professionals and from the civilian population in compliance with precautionary measures. Manufacturers of these supplies are trying to capitalize on this increased demand, working to ensure a continuous and adequate supply of personal protective equipment. Considering these factors, it is likely that the COVID-19 outbreak will have a huge impact on the emergency medical services industry.
By products and services:
Products and services are the major segments considered in the MRFR report.
With respect to the product, the dominant share of the global market belongs to the resuscitation and emergency resuscitation segment. The life support and emergency resuscitation section covers devices such as endotracheal tubes, defibrillators, resuscitators, laryngoscopes and ventilators. The life support system types are Advanced Life Support (ALS) as well as Basic Life Support (BLS). ALS is an advanced version of the BLS system and requires additional training and expertise to use.
Trauma, cardiac care and respiratory care are the main applications of emergency medical services.
The cardiac care segment can expect to get the largest share of the global emergency medical services market.
Per end user:
Ambulatory surgery centers, hospitals, and trauma centers, among others, are major end users in the emergency medical services industry.
The hospital and trauma center segment will thrive at the highest rate over the next few years, driven by surging cases of chronic diseases as well as traumatic injuries. Another factor may be the increase in funds, grants and investments from government agencies for the development of hospital infrastructure.
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The Americas, with the highest stake in the emergency medical services industry, secures the lead among all regions, thanks to the accelerating cardiovascular disease cases in the region. The regional market will show a high CAGR in the coming years, owing to the improvement in healthcare infrastructure as well as the growing attention of medical professionals towards emergency care. In addition to this, robust reimbursement coverage along with the availability of trained and qualified professionals can further bolster the market share over the forecast period.
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Led by rapidly developing economies like China, Japan, and India, Asia-Pacific can expect to experience the fastest growth between 2020 and 2027. Escalating healthcare spending in these countries has encouraged large companies to enter undeveloped areas. Other favorable factors include population growth, improved living standards, increased demand for quality medical care and increased government initiatives.
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