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Road Accident Driving Growth In The Emergency Medical Services Products Market: Pivotal Factor Influencing Emergency Medical Services Products Market Growth in 2025
Emergency Medical Services Products
Emergency Medical Services Products Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size of emergency medical services products has experienced considerable growth. The market, which is predicted to escalate from $26.47 billion in 2024 to $28.81 billion in 2025, is expected to do so at a compound annual growth rate (CAGR) of 8.8%. Factors responsible for this trend in the historical period include regulatory modifications, urban growth, natural catastrophe, human-induced crises, an increase in healthcare spending, and population expansion.
How Will the Emergency Medical Services Products Market Size Evolve and Grow by 2029?
The market size for products related to emergency medical services is anticipated to experience significant growth in the coming years. It is projected to reach an estimated value of $40.19 billion in 2029, with a compound annual growth rate (CAGR) of 8.7%. Factors contributing to this growth over the forecast period include an increasing elderly population, a higher number of chronic disease cases, advancements in technology, government policies and funding, along with an increase in consciousness and training initiatives. The prediction period also sees major trends like rising acceptance of telemedicine, progress in portable diagnostic machinery, development in wearable health tech, and improved training and simulation programs.
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What Drivers Are Propelling the Growth of Emergency Medical Services Products Market Forward?
The escalation in road accidents is predicted to spur the expansion of the emergency medical services products market. A road mishap, often unanticipated, that takes place on a road or highway and involves one or more vehicles, pedestrians, or cyclists, results in damage, injury, or even death. The surge in road accidents is attributable to higher vehicle usage, inattentive driving, and substandard road infrastructure. Products for emergency medical services play a pivotal role in road accidents, enabling swift intervention, trauma care, and conveyance of injured persons, consequently preserving lives and reducing permanent health problems. For example, in May 2022, the National Highway Traffic Safety Administration, a US government agency, stated that an estimated 42,915 individuals lost their lives in motor vehicle crashes in the US last year, marking a 10.5% increase from the 38,824 fatalities in 2020. Hence, the escalation in road accidents is fueling the growth of the emergency medical services products market.
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Which Fast-Growing Trends Are Poised to Disrupt the Emergency Medical Services Products Market?
Companies dominating the emergency medical services products market are focusing on the development of cutting-edge technologies like generative artificial intelligence (AI)-enabled emergency solutions to bolster their market earnings. This groundbreaking technology refers to a complex system that utilises AI algorithms to dynamically create responses tailored for emergency situations. For example, Augmedix Inc., a US-based medical documentation firm, introduced Augmedix Go, a fully self-operational medical documentation product for emergency departments (EDs) that harnesses generative AI technology, in December 2022. This novel product is designed to streamline operations and improve patient care in EDs by automating the creation of patient notes in real time.
What Are the Key Segments in the Emergency Medical Services Products Market?
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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Who Are the Key Players Shaping the Emergency Medical Services Products Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Emergency Medical Services Products Market?
North America was the largest region in the emergency medical services products market in 2024. 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.
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