Emergency Medical Service Products Market Revenue Continues to Dominate with CAGR value Globally To 2026
Emergency medical service (EMS) products are used in facilities outside hospital to provide acute care and other services. These facilities are availed by patients suffering from sickness and medical conditions that restrict their free movement. Different EMS products like pulse oximeter, temperature monitors and transcranial Doppler are readily available in market. Technological advancements have evolved emergency medical services, making them more rapid and responsive. Mobile responsive branches introduced in healthcare system curtails the need for response units dedicated to emergency services. Increasing adoption and integration of EMS in healthcare system indicates that ‘mobile integrated healthcare’ is a better form of emergency medical services.
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Electronic patient care records improve treatment
ESM takes care of different responsibilities like lifting and moving the patients. High quality data generated by such facilities is used to improve the existing patient care. Patient care records are electronically maintained which facilitates different paramedics and medical professionals with easy access to patient’s medical records. Medical professionals are able to provide required attention and accurate treatments to patients with this electronic records. Such use cases surge the demand for emergency medical care service products.
Latest Fact.MR reports predicts the global emergency medical service products market to grow at 6.7% CAGR between the periods 2017-2026. The volume of the global market is expected to witness growth at 6% CAGR for the same time period. Sale of different emergency services products is anticipated to generate US$ 34,000Mn by the end of year 2026.
Hospitals are leading end-user segment
The report highlights cardiac care along with trauma injury to be the largest revenue generating applications in the coming future owing to the different cardiovascular disorders and increased old age population. Oncology is considered to be the primary application of EMS products. Governments across the globe are making huge investments and providing grants to develop the infrastructure and facilities in hospitals. Growth in number of chronic health conditions and injuries caused by trauma have increased the number of hospital admissions worldwide. The growth in number of patients enhances the requirement of equipment and medical devices. Hospitals lead the end-user segment of emergency medical service products market in revenue generation. Cleaning agents and disinfectants are the most sold products in the market. ECG monitors hold a prominent position in the market in terms of revenue generation.
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North America is a lucrative region in global market in both the aspects i.e. value and volume. Asia-Pacific excluding Japan and Europe have surfaced as attractive regions in EMS products market. Fact.MR report forecasts both the regions to generate around US$ 15,000 Mn revenue by the end of forecast period. The global market is very fragmented in nature. Major stake holders are launching new products to gain greater market penetration. They are using strategies based on clinical trials, partnerships, collaborations and research & development in order to increase their market footprint. Major stake holders profiled in global market are 3M, C. R. Bard, Inc., GE Healthcare, Philips Healthcare and Medtronic.
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