Emergency Medical Services (EMS) Market Analysis | 2021-2026

“The Emergency Medical Services (EMS) Market was estimated at USD 19.41 billion in 2020 and is expected to grow at a CAGR of 7.6% during 2021-2026 to reach USD 29.9 billion by 2026.”

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Market Dynamics

Introduction

Emergency Medical Services (EMS) are a crucial system of pre-hospital care that provides immediate medical assistance in emergencies. Comprising skilled healthcare professionals, including paramedics and emergency medical technicians, EMS responds rapidly to accidents, injuries, illnesses, and other critical incidents.

These services encompass a range of life-saving activities, such as administering first aid, assessing patients, stabilizing injuries, and transporting individuals to medical facilities. EMS plays a pivotal role in the continuum of emergency care, ensuring swift and effective interventions to maximize patient outcomes during urgent medical situations.

Market Drivers

The rising incidence of trauma injuries, development in healthcare facilities, and surging demand for emergency care are some of the key factors driving the EMS market growth.

• Also, increasing healthcare expenditure further boosts the need for better EMS services across the globe.

• Moreover, in the US, traumatic brain injury is the prime cause of disability and death, which accounts for 30% of all injury deaths. Such a high number of disability and death cases due to trauma is likely to propel the product demand.

• However, the dearth of trained medical professionals is one of the restraining factors affecting the market expansion.

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COVID-19 Impact

The ongoing COVID-19 virus has had a positive impact on the Emergency Medical Services (EMS) industry. There has been a shortage of essential life-saving services & devices and other vital medical supplies to curb the spread of coronavirus and provide sufficient care. Also, ventilators play a key role in the treatment of COVID-19 patients, who may require critical care, further escalating the demand for EMS.

Segments Analysis

Application Trends

“The respiratory care segment held the largest market share and is projected to grow at a healthy CAGR during the review period.”

• By application, the global emergency medical services market has been segmented into cardiac care, trauma care, respiratory care, oncology, and others.

• Respiratory emergencies include many severe conditions comprising the respiratory tract or lungs, ranging from shortness of breath to total respiratory arrest.

• Also, the increase in air pollution levels has further resulted in a surge in respiratory infections and worsening of chronic respiratory diseases, thereby positively stimulating the segment growth.

Regional Analysis

“The North American market accounted for the largest market share and is projected to register a considerable CAGR during the review period.”

This is mainly attributed to the development of healthcare facilities and the growing focus of healthcare providers on emergency care. Furthermore, good reimbursement coverage and the easy availability of skilled medical professionals further augment the regional growth.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the global emergency medical services (EMS) market (arranged alphabetically).

• Bound Tree Medical (The US),
• Emergency Medical Products, Inc. (The US),
• McKesson Medical-Surgical, Inc. (The US),
• Henry Schein, Inc. (the US),
• Medline Industries, Inc. (The US),
• Stryker (The US),
• Smiths Medical, Inc. (The US),
• Cardinal Health (The US),
• Life-Assist (The US), and
• Penn Care, Inc. (The US).

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Target Audience

Here is the list of the group of customers that the Emergency Medical Services (EMS) market hopes to have the greatest opportunity to convert-

• Emergency Medical Services (EMS) Companies
• Emergency Medical Services (EMS) Vendors
• Hospitals
• R&D Centers
• Laboratories

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. 

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.