(I-BusinessNews.Com, February 20, 2021 ) Factors driving the growth of this Emergency Medical Service Products Market include high demand for emergency care, increasing incidence of trauma injuries, and growing investments by government bodies on healthcare infrastructure development (including the establishment of and improvements in emergency care infrastructure.
According to market research report Emergency Medical Service Products Market is expected to reach USD 25.56 Billion by 2022 from USD 19.01 Billion in 2017, at a CAGR of 6.1%.
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Key players in the Emergency Medical Service Products Market include Stryker (US), Medtronic (Ireland), Asahi Kasei (Japan), Cardinal Health (US), Philips (Netherlands), GE Healthcare (US), Smith & Nephew (UK), 3M (US), Smiths Medical (UK), Becton, Dickinson (US), Johnson & Johnson (US), B. Braun (US), and C. R. Bard (US).
The cardiac care application segment is expected to hold the largest share of the market in 2017
By application, the market is segmented into cardiac care, trauma injuries, respiratory care, oncology, and other applications. The cardiac care segment is anticipated to account for the largest share of the global EMS products market in 2017. The increasing prevalence of cardiovascular disorders and the rising geriatric population are the major factors driving the growth of this market segment.
Life Support and Emergency Resuscitation Equipment are estimated to account for the largest market share in 2017
By type, the Emergency Medical Service Products Market is classified into life support and emergency resuscitation equipment, patient monitoring systems, wound care consumables, patient handling equipment, infection control supplies, personal protection equipment, and other EMS products. The life support and emergency resuscitation equipment segment is expected to hold the largest share of the global EMS products market in 2017. The rising number of emergency visits and the growing requirement of life-support equipment (especially to prevent respiratory or heart failure in critically ill patients) are the major factors supporting the growth of this market segment.
Hospitals & trauma centers are expected to dominate the market during the forecast period.
On the basis of end users, the Emergency Medical Service Products Market is segmented into hospitals & trauma centers, ambulatory surgical centers, and other end users. In 2017, the hospitals & trauma centers segment is estimated to account for the largest share of the global EMS products market. This segment is also expected to grow at the highest CAGR during the forecast period. The rising incidence of chronic conditions and trauma injuries and growth in investments, funds, and grants by government bodies worldwide for hospital infrastructure development are the two major factors driving the growth of this market segment.
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North America is estimated to command the largest share of the market in 2017
Based on region, the Emergency Medical Service Products Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is estimated to dominate the EMS products market in 2017. The large share of this regional segment can primarily be attributed to the rising number of emergency visits, rising geriatric population, increasing healthcare expenditure, improving hospital infrastructure, technological advancements, and the strong presence of major players in the region.
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