The global market for emergency medical service products will remain influenced by growing government investments on healthcare infrastructure development, mounting incidences of trauma injuries, and increasing demand for emergency care. However, high prices of emergency equipment and the rise in product recalls are expected to hinder the market growth. This Fact.MR report analyzes the expansion of global emergency medical service products market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.
Emergency medical services have becomAe popular for it include timely provision of appropriate intervention, rapid assessment and quick transportation to the nearest appropriate health facility through the best possible means to curb morbidity, improve survival and prevent disability. Development in medical care and technology in recent years have amplified the parameters of what had been the conventional domain of emergency services. These services have expanded beyond the actual in-hospital treatment from arrival to stabilization and including pre-hospital care and transportation.
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North America will continue to be the most remunerative region for growth of the emergency medical service products market, both in terms of value as well as volume. Europe and Asia-Pacific excluding Japan (APEJ) will also remain lucrative markets for emergency medical service products, with revenues collectively estimated to reach approximately US$ 15,000 Mn by 2026-end.
There are number of misconceptions with regards to emergency care which are used as a rationale for disparaging it in health sector, specifically in low-income countries. The most prevalent misconception is that emergency medical services is expensive and need advanced technology interventions against simple and effective strategies. As such, emergency medical system has addressed set of diseases spanning the spectrum of communicable infections, non-communicable conditions, injuries and obstetrics.
The WHO African region disproportionately carries lion’s share of global malaria burden. The region was home to 92% of malaria cases and 93% of malaria deaths in 2017, according to World Malaria Report published annually by WHO. Accordingly, effective emergency medical services can avert these deaths, chronic respiratory and diarrheal diseases in children and non-communicable diseases such as hypertension and diabetes.
Emergency Medical Services Market: Overview
The report provides a comprehensive assessment on the emergency medical services market with quantitative and qualitative analysis. Further, the report offers a clear picture with respect to dynamics of emergency medical services market, including drivers, trends, opportunities, and restraints. These aspects are indispensable and possess potency to impact the growth of the emergency medical services market. Besides, the report delves into the segregation of the emergency medical services market to provide a robust picture of emergency medical services market.
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The report incorporates exhaustive executive summary followed by market introduction section. The report also presents lucid picture of through market overview and market analysis. The market background section focuses on value chain analysis and macro-economic factors. The report also encompasses mergers and acquisitions along with technological advancements that have significant influence in the development of the emergency medical services market. The report also incorporates market structure analysis which throws light on market share analysis of leading players coupled market presence analysis of market players. Meanwhile, the report also reveals the technology roadmap of the emergency medical services market. The report also includes investment feasibility matrix along with Product life cycle analysis.
Validation of the information in the report is done through primary sources, including in-person interactions, surveys, view of seasoned analyst, interviews and in-person interactions and insights of analyst coupled with secondary sources incorporating trade journals, verified paid sources, resourceful databases and trade journals. Absolute dollar opportunity analysis has also formed basis for the robust analysis of the report.
Emergency Medical Services Market: Competitive Landscape
The global market for EMS products is highly fragmented and is characterized on the basis of clinical results of products and new product launches. Leading manufacturers of EMS products are therefore adhering to strategies such as clinical trials, research & development, acquisitions, partnerships, joint ventures for increasing their market footprint. Key players tracked by the report, which are contributing significantly to the market expansion, include 3M, Asahi Kasei Corporation, C. R. Bard, Inc., Cardinal Health, GE Healthcare, Medtronic, and Philips Healthcare.
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