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 Service (EMS) products are those engaged in the provision of out-of-hospital acute care, and other services related to patients with damages and sicknesses that resist their movement. Various EMS products are currently available in the market, which include pulse oximeters, transcranial dopplers, and temperature monitors.
According to Fact.MR, emergency medical service products market is projected to register a CAGR of over 7% in terms of value over the forecast period, 2017 to 2026. Volume sales of emergency medical service products is estimated to reach roughly 99,000 units by 2026-end.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
Although value-based purchasing is increasingly being implemented across hospitals, its foray into EMS is yet to be realized. However, the scrutiny peripheral to quality of care brought to hospitals by value-based purchasing is indirectly impacting demand for emergency medical services and thereby its products. As hospitals seek ensuring maximum reimbursement for services provided, EMS is likely to be considered as an imperative partner for steering patients toward appropriate and the most effective care venue. With growing popularity of emergency medical services, demand for their products will witness a significant rise in the near future.
Browse Full Report on Emergency Medical Services Products Market with TOC-
The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global emergency medical service products market. The global market for emergency medical service products has been segmented into application, end-user, product type, and region. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.
North America is expected to account for the largest revenue share of the market, followed by Europe and Asia-Pacific excluding Japan (APEJ). In terms of value, the emergency medical service products market in North America will record the highest CAGR through 2026, trailed by that in APEJ. In addition, the market in Europe will exhibit a steady expansion through the forecast period.
Cardiac Care and Trauma Injuries to Remain Largest Applications of Emergency Medical Service Products
In terms of revenues, emergency medical service products are poised to witness the largest application in cardiac care and trauma injuries, mainly because of growing prevalence of cardiovascular disorders and the surge in geriatric population globally. Oncology will also prevail as a major application of emergency medical service products.
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.