Global Emergency Medical Services (EMS) Market Expected to Reach USD 32.44 Billion by 2032, Driven by Rising Prevalence of Chronic Diseases and Trauma Cases

The Emergency Medical Services (EMS) Products Market size globally was USD 22.4 Billion in 2022 and is expected to grow rapidly with a revenue CAGR of 4.2% during the forecast period. The growth in market revenue is driven by major factors such as an aging population, an increase in chronic diseases, and a rise in trauma and accident cases. EMS provides healthcare services in emergency situations when needed. It offers emergency medical care to patients who require it due to some illness.

The demand for pre-hospital EMS services is rising, which is another factor contributing to the growth in market revenue. Pre-hospital EMS providers offer essential care to patients before they reach the hospital. Thus, pre-hospital EMS is in higher demand due to the surge in traffic accidents, natural disasters, and terrorist acts that require immediate medical assistance.

The market revenue growth is also attributed to the increasing use of telemedicine technologies. Telemedicine is significantly enhancing the delivery of emergency medical treatments in rural areas with limited access to medical facilities. Medical experts can remotely monitor and treat patients in real-time in urgent cases using telemedicine.

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Key players in the Emergency Medical Services (EMS) Products Market -

• Stryker Corporation
• Philips Healthcare
• Zoll Medical Corporation
• Fujifilm Holdings Corporation
• Physio-Control, Inc.
• Braun Industries, Inc.
• Smiths Medical
• General Electric Company
• Medtronic
• Becton, Dickinson and Company

The use of advanced medical tools and equipment, such as defibrillators, ventilators, and airway management systems, is on the rise. EMS providers are striving to provide patients with the best care possible, and hence these tools and equipment are in greater demand.

Moreover, the governments around the world are investing in enhancing EMS to ensure that patients receive prompt and efficient care in urgent situations. For instance, the Indian government established National Ambulance Service (NAS) in 2020 to offer patients in isolated locations emergency medical care.

However, the market revenue growth could be restrained by factors such as the high price of medical equipment and devices, limiting their use in low-income nations. Poor infrastructure and a shortage of educated medical personnel are other factors that could hinder the market revenue growth.

Segments Covered in the Report -

The global Emergency Medical Services (EMS) products market can be categorized based on several factors. Firstly, by product type, the market comprises defibrillators, patient monitoring devices, rescue and resuscitation equipment, personal protective equipment (PPE), and others.

Secondly, the market can be divided based on application outlook into prehospital care, hospitals, and others. Prehospital care includes emergency medical services provided outside of a hospital setting, whereas hospitals refer to EMS products used within hospital premises.

Lastly, the market can be segmented based on end-use outlook into hospitals, ambulatory surgical centers (ASCs), emergency medical service providers, and others. Hospitals and ASCs are healthcare facilities where EMS products are used, while EMS providers offer emergency medical services to patients.

Defibrillators are one of the key products in the EMS products market. They are used to deliver an electric shock to the heart in cases of cardiac arrest. Patient monitoring devices are also widely used in EMS, as they help track vital signs such as blood pressure, heart rate, and oxygen saturation levels.

Rescue and resuscitation equipment, such as stretchers, backboards, and immobilization devices, are used to safely transport patients in emergency situations. PPE is used to protect healthcare professionals and patients from infectious diseases and other hazards.

Prehospital care is a critical application of EMS products, as it is the first line of medical response in emergency situations. Hospitals use EMS products to provide advanced medical care to patients who require it. Other applications of EMS products include in-home healthcare services and long-term care facilities.

Hospitals and ASCs are major end-users of EMS products, as they require a wide range of products to provide quality medical care. EMS providers rely on these products to offer quick and efficient emergency medical services to patients.

In conclusion, the EMS products market can be segmented based on several factors, including product type, application outlook, and end-use outlook. Defibrillators, patient monitoring devices, rescue and resuscitation equipment, and PPE are some of the key products in the market. Prehospital care, hospitals, and EMS providers are major applications of EMS products, while hospitals, ASCs, and EMS providers are the primary end-users.

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Strategic development:

• In recent years, several medical device companies have made strategic acquisitions to enhance their product portfolios and expand their presence in various markets. For instance, in September 2021, Stryker Corporation acquired Gauss Surgical, a medical device company that specializes in real-time blood loss monitoring during surgery. This acquisition was intended to bolster Stryker's surgical solutions portfolio.
• Another example is Fujifilm Holdings Corporation, which announced in April 2021 that it had acquired Hitachi's Diagnostic Imaging Business for approximately USD 1.6 billion. This acquisition was aimed at improving Fujifilm's product offerings in the medical imaging market.
• In February 2019, Physio-Control, Inc. launched the Lifepak CR2 defibrillator with LIFELINKcentral AED program manager, a connected solution for emergency medical services. This solution enables remote monitoring, maintenance, and updates for AEDs in the field, which improves response times and reduces the risk of equipment failure.
• Finally, in December 2017, Medtronic acquired HeartWare International, Inc., a medical device company that specializes in advanced heart pumps. This acquisition was intended to enhance Medtronic's product offerings in the cardiovascular market. These examples demonstrate how strategic acquisitions can help medical device companies expand their product portfolios and improve their market position.

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