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Emergency Medical Services Products Market Size, Trends, Drivers, Growth Rate And Future Expansion To 2033
Emergency Medical Services Products Market
As per the report, 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 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%.
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Road Accident Driving Growth In The Emergency Medical Services Products Market
The increase in the number of road accidents is expected to propel the growth of the emergency medical services products market going forward. A road accident is an unplanned event that occurs on a road or highway and involves one or more vehicles, pedestrians, or cyclists, resulting in damage, injury, or death. Road accidents are rising due to increased vehicle usage, distracted driving, and poor road infrastructure. Emergency medical services products are crucial in road accidents, facilitating rapid response, trauma care, and transportation of injured individuals, ultimately saving lives and minimizing long-term health complications. For instance, in May 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, an estimated 42,915 people died in motor vehicle traffic crashes last year in the US, marking a 10.5% rise from the 38,824 fatalities in 2020. Therefore, the increase in the number of road accidents is driving the growth of the emergency medical services products market.
Innovative Solutions Transforming Emergency Medical Services Landscape
Major companies operating in the emergency medical services products market are focusing on developing innovative technologies, such as a generative artificial intelligence (AI)-enabled emergency solution, to maximize their revenues in the market. A generative artificial intelligence (AI)-enabled emergency solution refers to a sophisticated technological system that leverages AI algorithms to dynamically generate responses and actions tailored to emergency situations. For instance, in December 2022, Augmedix Inc., a US-based medical documentation company, launched Augmedix Go, a fully automated medical documentation product for emergency departments (EDs) that leverages generative AI technology. This innovative product aims to streamline workflows and enhance patient care in EDs by automating the drafting of patient notes in real time.
The emergency medical services products market covered in this report is segmented -
1) By Type: Life Support And Emergency Resuscitation Equipment, Patient Monitoring Systems, Wound Care Consumables, Patient Handling Equipment, Infection Control Supplies, Personal Protection Equipment
2) By Application: Cardiac Care, Trauma Injuries, Respiratory Care, Oncology, Other Applications
3) By End User: Hospital, Trauma Centers, Ambulatory Surgical Centers, Others End Users
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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
Contents of the report:
1. Executive Summary
2. Emergency Medical Services Products Market Report Structure
3. Emergency Medical Services Products Market Trends And Strategies
4. Emergency Medical Services Products Market - Macro Economic Scenario
5. Emergency Medical Services Products Market Size And Growth
…..
27. Emergency Medical Services Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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