Press release
Emergency Medical Services Products Market Set to Reach $41.33 Billion by 2029 with 9.2% Yearly Growth
Emergency Medical Services Products
The rising number of road accidents is expected to drive the growth of the emergency medical services products market. Road accidents, which are often caused by increased vehicle use, distracted driving, and inadequate infrastructure, are on the rise. Emergency medical services products are essential for providing quick trauma care, transporting injured individuals, and improving overall survival rates. In 2022, the National Highway Traffic Safety Administration reported 42,915 motor vehicle fatalities in the U.S., marking a 10.5% increase from the previous year. Therefore, the increase in road accidents is fueling demand for emergency medical services products.
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What is the projected compound annual growth rate (CAGR) of the emergency medical services products market from 2025 to 2034, and what factors influence it?
The emergency medical services products market has grown significantly in recent years. It will rise from $26.47 billion in 2024 to $29.02 billion in 2025, at a CAGR of 9.6%. This growth is linked to regulatory changes, urbanization, natural disasters, man-made emergencies, rising healthcare expenditures, and population growth.
The emergency medical services products market is expected to grow significantly, reaching $41.33 billion by 2029 at a CAGR of 9.2%. The growth is attributed to an aging population, chronic disease prevalence, technological advancements, government initiatives, and increased awareness. Trends include telemedicine adoption, portable diagnostic equipment, wearable health technology, and enhanced training programs.
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How are the latest trends influencing the growth of the emergency medical services products market?
Companies in the emergency medical services products market are introducing generative AI-enabled solutions to optimize emergency responses and improve patient care. Augmedix Inc., a U.S.-based medical documentation company, introduced Augmedix Go in December 2022. This fully automated documentation tool uses generative AI technology to streamline workflows in emergency departments, automating the drafting of patient notes in real time.
What are the major segments of the emergency medical services products market and their role in driving growth?
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
Subsegments:
1) By Life Support And Emergency Resuscitation Equipment: Defibrillators, Ventilators, Oxygen Equipment, Rescue Breathing Equipment
2) By Patient Monitoring Systems: ECG Monitors, Blood Pressure Monitors, Pulse Oximeters, Temperature Monitors
3) By Wound Care Consumables: Dressings And Bandages, Gauze And Cotton, Antiseptic Solutions, Sterile Wound Care Kits
4) By Patient Handling Equipment: Stretchers, Wheelchairs, Lifting And Transporting Devices, Transfer Boards
5) By Infection Control Supplies: Disinfectants And Sterilizing Agents, Antiseptic Wipes, Hand Sanitizers, Disposable Gloves
6) By Personal Protection Equipment: Face Shields And Masks, Gloves, Gowns, Respirators
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Which regions are key players in the growth of the emergency medical services products market?
North America was the largest region in the emergency medical services products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the emergency medical services products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the emergency medical services products market?
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
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What Is Covered In The Emergency Medical Services Products Global Market Report?
•Market Size Forecast: Examine the emergency medical services products market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the emergency medical services products market for a structured understanding.
•Key Players Overview: Analyze major players in the emergency medical services products market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the emergency medical services products market.
•Segment Contributions: Evaluate how different segments drive overall growth in the emergency medical services products market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the emergency medical services products market.
•Industry Challenges: Identify potential risks and obstacles affecting the emergency medical services products market.
•Competitive Landscape: Review strategic developments in the emergency medical services products market, including expansions, agreements, and new product launches.
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