Enjoy complimentary customisation on priority with our Enterprise License!
The emergency medical services market size is valued to increase by USD 7.37 billion, at a CAGR of 5.8% from 2023 to 2028. Increasing prevalence of infectious diseases will drive the emergency medical services market.
Get Key Insights on Market Forecast (PDF) Request Free Sample
In the realm of Emergency Medical Services (EMS), hypothermia management and pediatric emergency care are critical areas of focus. The effectiveness of hypothermia management in improving patient outcomes is evident in the reduction of mortality rates by 15%, as reported in a leading study. Similarly, pediatric emergency care has seen a significant improvement in compliance with trauma resuscitation protocols, with a ratio of 3:1 for adherence in hospitals with specialized pediatric care units. First responder training and emergency medical training are essential components of a robust EMS system. Airway management devices and ventilator support systems are integral to trauma care protocols, enabling efficient iv fluid administration and cardiac arrest management. Paramedic certification ensures a skilled workforce, leading to a 20% increase in ROI for emergency response organizations. Electronic health records and ambulance dispatch software streamline patient care, reducing response times and enhancing communication between emergency responders and healthcare facilities. Disaster preparedness plans, telemedicine integration, and medication administration systems further bolster the efficiency of EMS operations. Geriatric emergency care, sepsis management guidelines, stroke care protocols, and wound care techniques cater to specific patient populations, ensuring optimal care and minimizing complications. Neonatal transport, critical care transport, and prehospital care guidelines are essential for transporting and treating patients with complex medical needs. Emergency response protocols, patient monitoring devices, and defibrillation techniques are crucial components of effective emergency medical services. Burn injury treatment, poison control protocols, and trauma care protocols are vital in addressing various medical emergencies. EMT skill assessment and emergency medical dispatch ensure a well-prepared and competent workforce, ultimately contributing to improved patient outcomes.
The prevalence of infectious diseases is a significant factor driving market growth in this sector.
Favorable reimbursement policies are becoming a market trend. This means that companies are increasingly offering generous reimbursement plans to attract and retain talent.
The intensification of company competition poses a significant challenge to the industry's growth trajectory. In this highly competitive market, companies must differentiate themselves through innovative products, exceptional customer service, and strategic partnerships to maintain a competitive edge.
The emergency medical services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The life support and emergency resuscitation segment is estimated to witness significant growth during the forecast period.
The Emergency Medical Services (EMS) market is a dynamic and vital sector, continually advancing to address the evolving needs of various emergency situations. The life support and emergency resuscitation segment is a significant component, accounting for a substantial market share. This segment encompasses solutions for managing critical conditions like cardiac arrest, respiratory failure, and trauma injuries. Factors such as the increasing prevalence of cardiovascular diseases, trauma incidents, and other acute medical conditions fuel market growth. For example, approximately 350,000 out-of-hospital cardiac arrests occur yearly in many countries, emphasizing the importance of dependable resuscitation equipment, including defibrillators and ventilators.
Additionally, the EMS market incorporates various technologies and services, such as emergency medical training, airway management devices, trauma care protocols, iv fluid administration, emergency response protocols, geriatric emergency care, and patient transport systems. These advancements contribute to improved patient outcomes and enhanced prehospital care.
The Life support and emergency resuscitation segment was valued at USD 6.81 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 45% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
See How Emergency Medical Services Market Demand is Rising in North America Request Free Sample
The Emergency Medical Services (EMS) market in North America experienced significant growth in 2023, with key applications including ground and air ambulance services. The US and Canada were the major contributors to this market's expansion. Factors fueling this growth include increasing road accidents, the growing geriatric population, and the rising demand for air emergency medical services. In North America, there are substantial numbers of in-use vehicles, primarily light commercial and heavy commercial vehicles, which have resulted in increased traffic congestion and a corresponding rise in road accidents. Moreover, the large urban population in the region necessitates efficient emergency response systems.
The availability of favorable reimbursement policies further bolsters market growth. According to reports, road accidents accounted for over 50% of all injury-related deaths in North America in 2023. The implementation of advanced technologies, such as telemedicine and electronic health records, has led to operational efficiency gains and cost reductions within the EMS sector.
Customer Landscape of Emergency Medical Services Industry
Companies are implementing various strategies, such as strategic alliances, emergency medical services market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - This company specializes in providing a range of emergency medical solutions, including adhesive wound dressings, wound fillers, and foam dressings. Their product offerings aim to promote effective wound healing and patient recovery.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Emergency Medical Services Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
Market growth 2024-2028 |
USD 7368.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.5 |
Key countries |
US, Germany, China, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The emergency medical services (EMS) market is experiencing significant growth as healthcare providers strive to improve emergency response times and deliver high-quality care. New protocols, advanced training programs, and technology integrations are driving this evolution. One key area of focus is advanced cardiac life support (ACLS) training for EMS personnel. Effective triage procedures and patient data management systems enable efficient resource allocation and reduce patient transport time. These improvements lead to better patient outcomes and increased compliance with regulatory requirements. The implementation of telemedicine technology and electronic health records (EHRs) is another major trend. Telemedicine enables real-time consultation between emergency responders and medical professionals, optimizing resource allocation and enhancing staff communication. EHRs provide a centralized, accessible database for patient information, improving prehospital care quality and reducing errors. Measuring emergency response performance is crucial for continuous improvement. Best practices in neonatal transport, pediatric emergency care guidelines, managing geriatric emergencies, advanced stroke care protocols, and effective sepsis management are essential components of high-quality EMS. Disaster preparedness planning is another critical business function in the EMS market. Effective planning for mass casualty incidents and protocols for critical care transport are essential to minimize patient harm and ensure efficient response. Compared to traditional methods, the integration of technology in EMS operations offers substantial benefits. For instance, the use of telemedicine technology can reduce the need for on-site medical professionals in certain situations, leading to cost savings and increased operational efficiency. Similarly, effective triage procedures and patient data management systems enable faster and more accurate response, potentially saving lives.
What is the expected growth of the Emergency Medical Services Market between 2024 and 2028?
USD 7.37 billion, at a CAGR of 5.8%
What segmentation does the market report cover?
The report is segmented 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 Rest of World (ROW))
Which regions are analyzed in the report?
North America, Europe, Asia, and Rest of World (ROW)
What are the key growth drivers and market challenges?
Increasing prevalence of infectious diseases, Intensifying vendor competition
Who are the major players in the Emergency Medical Services Market?
3M Co., AliveCor Inc., American Diagnostic Corp., Asahi Kasei Corp., Becton Dickinson and Co., Braun and Co. Ltd., Cardinal Health Inc., General Electric Co., Johnson and Johnson Services Inc., Koninklijke Philips N.V., Life Assist Inc., MedSource Labs, Medtronic Plc, Recorders and Medicare Systems Pvt Ltd, Smith and Nephew plc, Smiths Group Plc, Stryker Corp., Terumo Corp., Veridian Healthcare, and Welch Allyn Inc.
We can help! Our analysts can customize this emergency medical services market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.