Emergency Medical Services Products Market Size, Share, Growth, and Industry Analysis, By Type (Life Support and Emergency Resuscitation, Infection Control Supplies, Wound Care Consumables, Other EMS Products), By Application (Intensive Treatment, Critical Care), and Regional Forecast to 2032

Updated On: 04 November 2024

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EMERGENCY MEDICAL SERVICES PRODUCTS MARKET REPORT OVERVIEW

The Emergency Medical Services Products Market Size is Projected to be worth US$ 10691.52 Million in 2023. The market is likely to surpass US$ 16621.2 Million by 2032 at a CAGR of 4.51% During the Forecast period [2024-2032].

The Emergency Medical Services Products Market is gradually rising owing to the rising demand for improved medical equipment particularly in critical conditions. This growth is occasioned by the need of people to seek more of urgent health services. The range of products that the market offer includes mainly lifesaving products, infection control products, and wound care products. Due to increase in incidence of emergencies that requires quick and effective responses there is increasing concern on new technologies and effective tools. One region is more developed than others, and currently, North America is dominating the market, but Asia Pacific is growing fast due to more concern regarding health and higher investment in it.

GLOBAL CRISES IMPACTING EMERGENCY MEDICAL SERVICES PRODUCTS MARKET

Delayed Procedures and Supply Chain Disruptions Lead to Negative Market Instability

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 has had quite a significant impact towards disrupting most industries including the Emergency Medical Services Products Market. Surgery and other optional treatments were said to have been delayed therefore lowering hospital incomes and demand for such equipment. Global manufacturing and disruptions of the medical supply chain, particularly in China, have been hindered by lockdowns. This was because many countries put in place measures that banned exports with a view of ensuring they stocked adequate quantities for their domestic markets, which resulted to augmentation of the shortages in the market and lack of stability in the market.

LATEST TRENDS

"Smart technology adoption enhances emergency response speed, driving demand growth"

One of the emerging trends that can be seen to positively contribute to the Emergency Medical Services Products Market growth is integration of smart technology in emergency equipment. This has assisted the medical teams in decision making especially in emergency situations hence enhancing patient care. This growth is due to the advancing usage of these smart tools in providing faster and efficient emergency responses thereby fueling the expansion of this market.

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EMERGENCY MEDICAL SERVICES PRODUCTS MARKET SEGMENTATION

By Product Types

• "Life Support and Emergency Resuscitation": This segment includes products crucial for keeping patients alive and reviving them in emergencies. It covers devices like ventilators and defibrillators that help restore breathing and heart function during critical situations.
• "Infection Control Supplies": These products are designed to prevent the spread of infections. They include items such as gloves, masks, and sanitizers used by medical professionals to maintain hygiene and protect both patients and healthcare workers from infections.

• "Wound Care Consumables": This category encompasses products used for treating and managing wounds. It includes bandages, dressings, and antiseptics that help heal injuries and prevent infections.
• "Other EMS Products:" This includes a variety of other emergency medical items that don’t fall into the previous categories. It might consist of diagnostic equipment, patient transport devices, and specialized tools used in emergency medical situations.

By Downstream Industries

• "Intensive Treatment": Intensive treatment refers to care provided in environments like intensive care units (ICUs) where patients with severe health issues receive constant monitoring and advanced medical support. Products used here include high-tech life support systems and monitoring equipment.
• "Critical Care": Critical care involves treatment for patients with life-threatening conditions who need immediate and complex interventions. This includes equipment for monitoring vital signs, administering medication, and supporting vital functions, essential for managing serious health crises.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Rising emergencies boost demand for advanced, reliable medical equipment"

Growing emergency conditions around the world, related to both natural and man-made conditions, create the need for the products that are Emergency Medical Services (EMS). The increasing cases of such occurrences call for proper and accurate medical equipment for life saving services. This increasing demand continues to experience constant growth in the market for life support systems, emergency resuscitation tools and infection control supplies.

"Aging population drives demand for advanced emergency medical solutions"

The maturity of the EMS products market is fundamentally helped by the aging global population. The Aged is vulnerable to health crises such as chronic diseases and accidents which require effective and viable ambulance services. Investments are being made in health care infrastructure and in developing the higher end EMS products that are needed to serve the elderly population and thereby are expanding the market opportunity and driving product development in this segment.

RESTRAINING FACTOR

"High equipment costs limit access, slowing adoption and growth"

The high cost of advanced emergency medical products is a big challenge. Expensive equipment makes it hard for many hospitals and patients, especially in poorer areas, to afford the latest tools. This can slow down the market’s growth since not everyone can buy or use these costly items, affecting the overall expansion of the emergency medical services sector.

OPPORTUNITY

"Home healthcare demand boosts growth for portable, easy-to-use devices"

This indicates that there is a good prospect for increase in the products under the Emergency Medical Services market share in homes. Companies can thus seize this chance to provide industries for people to get the medical equipment they need for home use that are easy to use and portable. This shift aims in catering the needs of people who seek health solutions outside the hospitals and at the same time has a possibility in catering a larger market to increase the sales.

CHALLENGE

"Supply chain disruptions delay delivery, raising costs and limiting access."

A major challenge in the Emergency Medical Services Products Market is disruptions in supply chains, which have been especially noticeable during global emergencies like pandemic. These disruptions affect how quickly and reliably critical equipment can be delivered. Additionally, the high cost of advanced Emergency Medical Services products makes it hard for many, especially in poorer areas, to access the needed equipment.

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MARKET REGIONAL INSIGHTS

• "NORTH AMERICA"

North America leads the EMS Products market, driven by advanced healthcare infrastructure and high adoption of innovative medical technologies. The United States Emergency Medical Services Products Market plays a significant role, with substantial investments in emergency medical services and research. The region’s strong regulatory framework and high healthcare spending support market growth, making it a dominant player in the global market.

• "EUROPE"

Europe shows robust market performance due to significant healthcare investments and a growing focus on emergency medical care. Countries like Germany, the UK, and France lead in adopting advanced Emergency Medical Services products. The region benefits from a well-established healthcare system and regulatory support, although varying economic conditions across countries can influence market dynamics.

• "ASIA"

The Asia-Pacific accounts for the largest growth rate in the Global Emergency Medical Services Products Market due to upsurge in healthcare expenditure and awareness. Currently, there is increased investment in the manufacture of new hospitals for example, in countries such as China and India, therefore increasing demand for EMS products. Enhancements in the technology in the medical field, and efforts by the governments to improve the systems in the emergency medical facilities also supports the growth of the region.

KEY INDUSTRY PLAYERS

"Innovation and acquisitions drive leading companies' sustained industry leadership"

Since there is stiff competition in the market, in a bid to maintain its market position and to introduce new products to the market market leaders like Medtronic Philips and Stryker constantly renew their equipment and products and acquire other firms who they can source their products from. While Medtronic aims at improving the solutions that the products bring to people’s lives, Philips concentrates on the creation of a smart connected menu and Stryker has adoption of a new generation of emergency equipment. They help them to continue running their businesses in the market in order that they can supply the needs of the market.

"LIST OF TOP EMERGENCY MEDICAL SERVICES PRODUCTS COMPANIES"

• Medtronic (U.S.)
• Philips (Netherlands)
• GE Healthcare (U.S.)
• Stryker (U.S.)
• Abbott (U.S.)
• Siemens (Germany)
• Smiths Group (U.K.)
• ResMed (U.S.)
• McKesson (U.S.)
• Cardinal Health (U.S.)

KEY INDUSTRIAL DEVELOPMENT

"March 2023", Medtronic came up with a new brand of portable ventilator known as the Puritan Bennett 980. This new device aims at bringing easy solution to the challenging task of supporting patients in incidents. To achieve this, it uses some customer-oriented technologies to help patients, as a way of illustrating Medtronic’s dedication to developing life-support devices.

REPORT COVERAGE

The report provides an in-depth analysis of market trends, segmentation by product type and industry, and regional growth insights. It includes a review of driving factors, restraints, opportunities, and challenges. Additionally, the report covers competitive landscape, key industry players, and significant developments, offering a comprehensive overview of the Emergency Medical Services Products Market.