Emergency Medical Services Products Market: Introduction
Emergency medical services include intensive care of patients. EMS department oversees patients with obstetric, medical, and surgical crises. The facility is equipped to treat infections, wounds, strokes, heart attacks, extreme complications in pregnancy, and asthma. For example, the U.S. has clinic- and non-medical clinic-based emergency centers.
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Key Drivers, Restraints, and Opportunities of Global Emergency Medical Services Products Market
- Increase in development in emergency medical services products is projected to fuel the growth of the global emergency medical services products market during the forecast period. For instance, in September 2017, Smiths Medical, Inc. collaborated with Sommetrics to provide its aerFree Airway Management System in the emergency medical services (EMS) products market in the U.S. In August 2017, Smiths Medical, Inc. received FDA 510(k) approval for its CADD-Solis mobile implantation pump. This pump is outfitted with a remote communication feature.
- Evolution in technology fuels the growth of the emergency medical services products market. Technological evolution has enabled health care experts to opt for emergency medical services. Majority of patients prefer EMS. Hence, it has witnessed rapid incorporation into the general medical framework.
- Presently, the world is struggling with the COVID-19 pandemic. This infection leads to pneumonia, severe & acute respiratory disorders, multiple organ failure, and in severe cases death. The geriatric population is more prone to COVID-19. Demand for emergency medical services products has increased during the pandemic situation.
- Governments of developing countries are making significant investments to modernize health care infrastructure in their respective countries, which is likely to increase access to health care. This is expected to increase the demand for emergency medical services products. Rise in prevalence of chronic diseases such as cancer and heart & lung diseases in developing countries offers considerable opportunities in the global emergency medical services products market.
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North America to Capture Major Share of Global Emergency Medical Services Products Market
- North America is projected to dominate the global emergency medical services products market in the next few years. Improvement in medical framework and increase in focus of health care suppliers on emergency care fuel the growth in the market in the region. Moreover, favorable reimbursement policies and access to experienced personnel are anticipated to drive the demand for emergency medical services products in the near future.
- The market in Asia Pacific is expected to grow at a rapid pace during the forecast period driven by developing countries such as India and China. Increase in health care expenditure is likely to induce companies to expand in these untapped markets.
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Key Players Operating in Global Emergency Medical Services Products Market
Leading players in the global emergency medical services products market have adopted strategies such as merger & acquisitions and partnerships to reinforce their position. Companies are making significant investments in the global emergency medical services products market. Growth strategies adopted by leading players are likely to drive the global emergency medical services products market.
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Key players operating in the global emergency medical services products market are:
- McKesson Medical-Surgical
- Bound Tree Medical (Sarnova)
- Medline Industries, Inc.
- Smiths Group plc
- Stryker
- Cardinal Health
- Penncare, Inc.
- Henry Schein, Inc.
- Other prominent players
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