Market Overview:
The Emergency Medical Services Products Market size is estimated to reach $38.3 billion by 2030, growing at a CAGR of 7.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Emergency Medical Services Products Market – By Mode of Service (Ground Ambulance, Air Ambulance, Water Ambulance), By Service Type (Basic Life Support (BLS), Advanced Life Support (ALS), Others), By Type (Life Support and Emergency Resuscitation Equipment, Patient Monitoring Systems, Patient Transport Equipment, Wound Care Products, IV Supplies, Personal Protective Equipment (PPE), Others), By Application (Cardiac Care, Trauma Injuries, Respiratory Care, Others), By End User (Hospitals and Trauma Centers, Ambulatory Surgical Centers, Military and Defense, Home Care Settings, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
The EMS products market is experiencing growth due to a surge in health emergencies, requiring immediate medical intervention and advanced equipment. A growing number of accidents, both on roads and in workplaces, is increasing the demand for rapid-response devices. Additionally, the rise in chronic diseases, particularly among the aging population, is driving the need for more portable and automated medical equipment. Lastly, the increasing trend towards home care is further fueling demand for user-friendly devices that can be operated in non-hospital settings.
APAC Dominated the Market in 2023:
APAC accounted for the largest share of 37% of the Emergency Medical Services Products Market in 2023. The Asia-Pacific region dominates the EMS products market because of the emergent public health crises such as traffic collisions and chronic diseases. Furthermore, World Health Organization (WHO) reports that, chronic diseases in the region contribute to a high proportion of deaths with 34% in Timor-Leste and 79% in Maldives, indicating that cardiovascular diseases, cancers, and chronic obstructive pulmonary disease rank high in the cause-of-death chart. This leads to significant EMS product requirements.
Emergency Medical Services Products Market: Key Takeaways
Increasing Number of Accidents
The increasing frequency of accidents is another reason that drives the growth of the EMS Products Market because these events require medical equipment and response services. In the year 2022, the total number of road accidents recorded was 4,61,312, causing 1,68,491 deaths and 4,43,366 injuries, as per the Ministry of Road Transport and Highways. There is an increase of 11.9% in accidents, 9.4% in fatalities, and 15.3% in injuries compared to the previous year’s figures. This has created a need to develop enhanced EMS products for addressing emergency situations and the progress of the market where healthcare facility has shifted to enhance its facade in emergencies, fast response times and general emergency management.
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Increasing Prevalence of Chronic Diseases:
The increase in number of patients with chronic diseases such as asthma is a driver for the Emergency Medical Services (EMS) Products Market. Asthma alone is the most dominant contemporary childhood chronic disease as per World Health Organization (WHO) report of May 2024 that shows in 2019, 262 million people were affected and 455,000 deaths occurred due to asthma. The persistent and acute symptoms such as wheezing and shortness of breath that arise as a result of asthma are propelling the demand for emergency medical services products, hence the increased need for the services of EMS.
Scope of the Report:
Recent Developments:
- In June 2024, Tri-Tech Forensics, Inc., acquired SAM Medical, a global medical devise and trauma care solutions company involved in the provision of tourniquets, haemostatics, and splints among other products. This acquisition complemented Tri-Tech’s existing range of emergency medical products and came on the heels of Its acquisition of Hartwell Medical.
- In May 2024, Bound Tree Medical, LLC, an emergency medical equipment, supply and pharmaceuticals distributor in the United States, reported that the firm had entered into a definitive agreement to acquire QuadMed, Inc. The management of Bound Tree provided full operation of QuadMed’s business after 60-90 days of integration, and started operating under the new name Bound Tree Medical LLC.
- In March 2024, Stryker, a global leader in medical technologies, launched and showcased two new products: the Automated External Defibrillator (LIFEPAK CR2) for providing cardiac care and the Evacuation Chair for patient transfer of emergencies
Emergency Medical Services Products Market: Competitive Landscape
Key companies profiled in the Emergency Medical Services Products Market are Medtronic, Stryker Corporation, Philips Healthcare, Cardinal Health, ZOLL Medical Corporation, GE Healthcare, Ferno-Washington, Inc., Ambu A/S, 3M Health Care, Honeywell International Inc and others.
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