Global Emergency Medical Service Products Market is expected to grow at a CAGR of 6.36% during the forecast period from 2018-2025
A new research report published by Fior Markets with the title Emergency Medical Service Products Market by Type (Patient Monitoring Equipment, Life support & Emergency Resuscitation Equipment, Others), Application, End User, Regions, and Global Forecast 2018-2025.
As per the report, the global emergency medical service products market is expected to grow from USD 19.11 Billion in 2017 to USD 31.29 Billion by 2025, at a CAGR of 6.36% during the forecast period from 2018-2025. North America region led the global emergency medical service products market with a 38.82% share of market revenue in 2017.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Major players in the global emergency medical service product market are Stryker Corporation, Medtronic, Asahi Kasei, Cardinal Health, Philips, GE Healthcare, Smith & Nephew, 3M, Smiths Medical, Becton, Dickinson, Johnson & Johnson, B. Braun, C. R. Bard, Bound Tree Medical; McKesson Medical-Surgical, Inc.; Henry Schein, Inc., Emergency Medical Products, Inc., Life-Assist, Inc., Penn Care Inc. among others. To provide the excellent and affordable emergency medical services to the needy patients, the major firms are increasingly focusing on coming up with cost-effective products. For instance Phillips in 2015, announced the launch of its Respironics V680 Ventilator in Canada. Philips Respironics V680 Ventilator is designed for smoother transition from ventilation to natural breathing, which may help enhance patient care.
Type segment is divided into life support & emergency resuscitation equipment, patient monitoring systems, wound care consumables, patient handling equipment, infection control supplies, personal protection equipment, and others. Factors such as rising demand for the life-support equipment for preventing respiratory or heart failure in critically ill patients coupled with an increase in the number of emergency visits led life support & emergency resuscitation equipment to emerge as the leader in the global emergency medical service product with a 34.72% share of revenue in 2017. Application segment is categorized into cardiac care, trauma care, respiratory care, oncology, and others. On account of the growing prevalence of cardiovascular diseases as well as global rise geriatric population, the cardiac care segment led the global emergency medical service product with a 39.73% share of revenue in 2017. End user is segmented into hospitals & trauma centers, ambulatory surgical centers, and others. Factors such as increasing prevalence of chronic conditions and trauma injuries coupled with rising government investments for healthcare infrastructure development are anticipated to propel the hospitals & trauma centers segment to progress at an accelerated CAGR of 8.52% over the forecast period.
Factors such as growing incidences of road accidents and rising prevalence of cardiovascular and other such diseases are driving the global emergency medical service product market. However, the lack of integrated emergency medical response system in the developing economies and high prices of emergency equipment and product are anticipated to restrain the market growth.
About the report:
The global emergency medical service products market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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