The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Emergency Medical Services Products Global Market Report 2023, the emergency medical services products market is expected to show significant growth in the forecast period.

Market Growth and Projections

• Current Market Size:
  • Valued at $24.24 billion in 2023.
  • Expected to reach $26.47 billion in 2024, with a compound annual growth rate (CAGR) of 9.2%.
• Future Outlook:
  • Projected to grow to $37.87 billion by 2028, reflecting a CAGR of 9.4%.
  • Growth driven by an aging population, rising incidence of chronic diseases, technological advancements, government initiatives, and increasing awareness and training programs.

Key Drivers of Growth

• Increase in Road Accidents:
  • The rising number of road accidents is a significant driver for the EMS products market. These accidents require immediate and effective emergency response, trauma care, and transportation services.
  • Example: In May 2022, the National Highway Traffic Safety Administration (NHTSA) reported that 42,915 people died in motor vehicle traffic crashes in the US, marking a 10.5% increase from 2020.

View More On The Emergency Medical Services Products Market Report 2024 – https://www.thebusinessresearchcompany.com/report/emergency-medical-services-products-global-market-report

Major Trends in the Market

• Adoption of Telemedicine:
  • The integration of telemedicine into EMS enables remote diagnosis, treatment planning, and real-time communication between emergency responders and medical professionals.
• Advancements in Portable Diagnostic Equipment:
  • Development of more advanced portable diagnostic tools enhances the ability of EMS personnel to assess and treat patients on-site.
• Growth in Wearable Health Technology:
  • Wearable devices for monitoring vital signs are increasingly being used in emergency care to provide continuous data during patient transport.
• Enhanced Training and Simulation Programs:
  • Investment in advanced training and simulation programs is improving the preparedness of EMS personnel, leading to better patient outcomes.

Leading Companies

• Key Players:
  • Cardinal Health Inc.
  • Honeywell International Inc.
  • 3M Company
  • Medtronic plc
  • Medline Industries Inc.
• Others:
  • Philips Healthcare, Stryker Corporation, GE HealthCare Technologies Inc., Henry Schein Inc., and Mindray Medical International Limited, among others.

Recent Developments

• Innovative AI Solutions:
  • Companies are developing AI-enabled emergency solutions to enhance the efficiency of EMS.
  • Example: In December 2022, Augmedix Inc. launched Augmedix Go, a fully automated medical documentation product for emergency departments, leveraging generative AI to streamline workflows.
• Mergers and Acquisitions:
  • Companies are expanding their product portfolios through strategic acquisitions.
  • Example: In May 2024, Tri-Tech Forensics Inc. acquired SAM Medical Products, expanding its emergency medical product offerings.

Market Segmentation

• By Type:
  • Life Support and Emergency Resuscitation Equipment
  • Patient Monitoring Systems
  • Wound Care Consumables
  • Patient Handling Equipment
  • Infection Control Supplies
  • Personal Protection Equipment
• By Application:
  • Cardiac Care
  • Trauma Injuries
  • Respiratory Care
  • Oncology
  • Other Applications
• By End User:
  • Hospitals
  • Trauma Centers
  • Ambulatory Surgical Centers
  • Other End Users

Regional Insights

• Current Leader:
  • North America was the largest region in the EMS products market in 2023.
• Future Growth:
  • Asia-Pacific is expected to be the fastest-growing region during the forecast period.

The EMS products market is experiencing strong growth driven by the increasing number of road accidents, advancements in technology, and rising demand for efficient emergency care. Innovations such as AI-enabled solutions and strategic acquisitions are reshaping the landscape, enhancing the capabilities of EMS providers globally.

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