Emergency Medical Services (EMS) Vehicles Market Insights Focusing on Trends unt

Posted by Arslan on July 11th, 2019

In order to dissert the market scenario prevailing across the emergency medical services (EMS) vehicles market sector, FactMR has evenly presented a comprehensive emergency medical services vehicles market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the emergency medical services vehicles market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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Vehicles catering to emergency medical services (EMS) are finding widespread adoption across the global healthcare sector. Innovations and technological advancements are redefining the paradigms of EMS vehicles deployment for critical care functions. A new trend governing the global EMS market is the introduction of bike ambulances – basically two-wheeler EMS vehicles that ply on roads with congested traffic. Especially in countries like India, the increased vehicle population on roads warrants the use of two-wheeled EMS vehicles to address emergency medical issues with speed and efficiency.

Another trend in the global market for EMS vehicles pertains to the launch of driverless automobiles. The global automotive industry has witnessed the introduction of autonomous vehicles and this concept has proliferated the EMS vehicles market as well. The increasing demand for EMS vehicles across various regional healthcare markets – in both developed as well as emerging economies – has created the need to deploy autonomous EMS vehicles in the healthcare industry across the globe. By going driverless, EMS vehicles can free up the paramedical staff to focus on administering critical care without loss of time, thereby increasing the chances of survival of victims and patients. The use of drones to transport medical equipment is also seen as a revolution in the global EMS vehicles market, thereby boosting the growth in adoption and subsequently revenue share of EMS vehicles in the global market.

Across the world, healthcare and medical regulatory bodies are beefing up investments in structured emergency medical services to provide prompt medical aid to patients. With patient convenience and speedy and timely services being the paramount objective behind emergency medical services, healthcare organizations are deploying the necessary services and tools to cater to the needs of patients more efficiently. One of the critical components of emergency medical services are EMS vehicles, which are finding increasing use across hospitals and medical facilities worldwide. Institutions like the World Bank are extending the necessary financial support for emergency medical services across certain regions. This growing leverage on emergency medical services to facilitate critical care is driving revenue growth of the global EMS vehicles market.

While EMS vehicles are being manufactured in large numbers to cater to the rising demands from the global healthcare industry, the pricing structure of EMS vehicles is driven by several key factors. Cost is paramount here – prices of various components and raw materials used in the automotive sector are increasing by the day. Producer price indices for core raw materials such as plastic, aluminum, rolled steel, and resins have skyrocketed in the last 10 years, and this is anticipated to have a cascading effect on the pricing structure of EMS vehicles. Then again, the deployment of advanced technology in the automotive sector potentially impacts the pricing structure of automobiles and vehicles such as EMS vehicles. State-of-the-art medical equipment installed in EMS vehicles boosts up costs and with healthcare institutions focusing on customization of their EMS vehicles, the price per EMS vehicle is likely to remain Northward in the coming years. Regulatory compliance is yet another price driver. Manufacturers of EMS vehicles are mandated to cater to the norms and standards prescribed by national traffic authorities as well as the international acts governing motor vehicle safety.

Over the years, the instances of strokes and cardiovascular emergencies have increased in developed economies such as North America and Japan. This presents potential growth opportunities to manufacturers of EMS vehicles in these regions. The deployment of EMS vehicles and subsequent provision of prompt medical aid has successfully reduced the instances of strokes and other emergency medical issues. This has not only augmented the growth trajectory of the EMS vehicles market in North America, but has also boosted manufacturer initiatives in facilitating innovations in the technology underpinning the production of EMS vehicles.

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Arslan

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Arslan
Joined: December 18th, 2017
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