Emergency Medical Services Market Overview
Global Emergency Medical Services Market is expected to reach USD 74,742.22 Million by 2027 at a CAGR of 6.91% during the forecast period. In its report, Market Research Future (MRFR) offers an in-depth look into the market during the review period.
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Emergency Medical Services Market Segmentation
Global Emergency Medical Services Market has been segmented based on Product & Services, Application, and End User.
Based on Product & Services, the global emergency medical services market has been segmented into product and services. The product segment dominated with a valuation of USD 22,967.01 million in 2019; it is expected to reach a valuation of USD 46,252.27 million by 2027. Increasing funds and investments in medical service and growing cases of trauma injuries are likely to accelerate the growth of the EMS products are some of the main factors driving the demand for EMS.
Based on Application, the global emergency medical services market has been classified into cardiac care, trauma injuries, respiratory care, and others. The respiratory care segment is expected to exhibit the higher CAGR of 7.39% during the forecast period. Respiratory emergencies involve many conditions involving the respiratory tract or lungs, ranging from shortness of breath to complete respiratory arrest. The rise in pollution levels has led to an increase in respiratory infections and aggravation of chronic respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma.
By end user, the global emergency medical services market has been divided into hospitals & trauma centers, and ambulatory surgical centers, and others. The hospitals & trauma centers segment accounted for the largest market share in 2019. Large healthcare infrastructure investments across various regions are expected to encourage the hospitals & trauma centers segment growth during the forecast period.
Emergency Medical Services Market Regional Analysis
The geographic analysis of the Global Emergency Medical Services Market covers the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Americas led the market with a valuation of USD 16,728.67 Million in 2019, and the regional market is expected to reach USD 30,106.16 Million by 2027 at a CAGR of 6.40% during the forecast period. This can be attributed to the presence of major service providers, such as Johnson & Johnson Services, Inc., Stryker, and GE Healthcare, in the region.
Europe was the second-largest market with a valuation of USD 10,967.99 Million in 2019. The European market is projected to exceed USD 20,210.30 Million by 2027 at a 6.72% CAGR during the review period. Market growth in the region is driven by the increase in the geriatric population in the region that will increase the requirement for emergency medical services.
Competitive Analysis
The key players in the global emergency medical services market are Johnson & Johnson Services, Inc. (US), Stryker (US), Smiths Medical (US), Becton, Dickinson and Company (US), Smith & Nephew (UK), Cardinal Health (Ireland), Koninklijke Philips NV (Netherlands), 3M Company (US), Braun, R. Bard (US), Medtronic plc (Ireland), Asahi Kasei (Japan), and GE Healthcare (US).
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