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Emergency Medical Services Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71811
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The emergency medical services market share is expected to increase by USD 8.39 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.52%.

This emergency medical services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers emergency medical services market segmentation by product (life support and emergency resuscitation, patient monitoring systems, wound care consumables, patient handling equipment, and others) and geography (North America, Europe, Asia, and ROW). The emergency medical services market report also offers information on several market vendors, including 3M Co., Asahi Kasei Corp., Cardinal Health Inc., General Electric Co., Johnson and Johnson Inc., Koninklijke Philips NV, Medtronic Plc, Smith and Nephew plc, Smiths Group Plc, and Stryker Corp. among others.

What will the Emergency Medical Services Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Emergency Medical Services Market Size for the Forecast Period and Other Important Statistics

 

Emergency Medical Services Market: Key Drivers and Trends

The increasing prevalence of infectious diseases is notably driving the emergency medical services market growth, although factors such as intensifying vendor competition may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the emergency medical services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Emergency Medical Services Market Driver

The rise in the prevalence of infectious diseases is one of the key factors driving the emergency medical services market share growth. The rise in new bacterial and viral diseases is a primary cause of the increase in infectious diseases worldwide. Moreover, the rapid growth of population, changes in lifestyle, and climate change are contributing to the spread of various microorganisms that are multi-drug resistant. The incidence of infectious diseases is expected to elevate the growth of the emergency medical services market and provide growth opportunities to the vendors during the forecast period.

Key Emergency Medical Services Market Challenge

The intensified vendor competition in the emergency medical services market is one of the key challenging factors for the market growth. The high competition is due to the presence of numerous brands and several regional and local vendors. Moreover, the vendors in the emergency medical services market are advancing towards mobile healthcare services, medical educators, primary care extenders, and patient advocates. Although several large vendors have set up partnerships with local emergency services, the entry of new regional vendors is still a threat as they can usually offer services at considerably low rates. Hence, such intensified competitions are estimated to impact negatively on the global emergency medical service market growth during the focused period.

This emergency medical services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Emergency Medical Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Asahi Kasei Corp.
  • Cardinal Health Inc.
  • General Electric Co.
  • Johnson and Johnson Inc.
  • Koninklijke Philips NV
  • Medtronic Plc
  • Smith and Nephew plc
  • Smiths Group Plc
  • Stryker Corp.

 

This statistical study of the emergency medical services market encompasses successful business strategies deployed by the key vendors. The emergency medical services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The emergency medical services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Emergency Medical Services Market?

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44% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for emergency medical services market in North America. Market growth in this region will be slower than the growth of the market in the rest of the regions.

The favorable reimbursement policies availability will facilitate the emergency medical services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Emergency Medical Services Market?

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The emergency medical services market share growth by the life support and emergency resuscitation segment will be significant during the forecast period. These services provide medical emergency services in cases of accidents, cardiac arrests, strokes, and other cases. Furthermore, due to pollution and the adoption of sedentary lifestyle, there has been a growth in cardiovascular disorders (CVDs), which is also one of the key factors contributing to the segment growth in the medical emergency services market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the emergency medical services market size and actionable market insights on post COVID-19 impact on each segment.

 

Emergency Medical Services Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.52%

Market growth 2022-2026

$ 8.39 billion

Market structure

Fragmented

YoY growth (%)

5.95

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 44%

Key consumer countries

US, Germany, China, UK, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., Asahi Kasei Corp., Cardinal Health Inc., General Electric Co., Johnson and Johnson Inc., Koninklijke Philips NV, Medtronic Plc, Smith and Nephew plc, Smiths Group Plc, and Stryker Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Emergency Medical Services Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive emergency medical services market growth during the next five years
  • Precise estimation of the emergency medical services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the emergency medical services industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of emergency medical services market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Life support and emergency resuscitation - Market size and forecast 2021-2026
    • Patient monitoring systems - Market size and forecast 2021-2026
    • Wound care consumables - Market size and forecast 2021-2026
    • Patient handling equipment - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • Asia - Market size and forecast 2021-2026
      • ROW - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 3M Co.
      • Asahi Kasei Corp.
      • Cardinal Health Inc.
      • General Electric Co.
      • Johnson and Johnson Inc.
      • Koninklijke Philips NV
      • Medtronic Plc
      • Smith and Nephew plc
      • Smiths Group Plc
      • Stryker Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The emergency medical services market growth will increase by $8388.87 million during 2021-2026.
      The emergency medical services market is expected to grow at a CAGR of 6.52% during 2021-2026.
      Technavio has segmented the emergency medical services market by product (Life support and emergency resuscitation, Patient monitoring systems, Wound care consumables, Patient handling equipment, and Others) and geographic (North America, Europe, Asia, and ROW).
      3M Co., Asahi Kasei Corp., Cardinal Health Inc., General Electric Co., Johnson and Johnson Inc., Koninklijke Philips NV, Medtronic Plc, Smith and Nephew plc, Smiths Group Plc, Stryker Corp. are a few of the key vendors in the emergency medical services market.
      North America will register the highest growth rate of 44.16% among the other regions. Therefore, the emergency medical services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the emergency medical services market growth are:
      • Increasing prevalence of infectious diseases
      The emergency medical services market vendors should focus on grabbing business opportunities from the life support and emergency resuscitation segment as it accounted for the largest market share in the base year.
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