Emergency Medical Services Product Market Size, Share & Trends Analysis Report By Product, By End-use (Hospitals, Emergency Clinics, Ambulatory Surgical Centers (ASCs)), By Region, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The global emergency medical services product market size was valued at USD 22.5 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030. The market growth can be attributed to the increasing prevalence of chronic diseases and the aging population, which are likely to increase the demand for emergency medical services. Technological advancements in medical equipment and devices are also expected to contribute to the market growth. Furthermore, the rising number of accidents and trauma cases worldwide necessitates efficient and rapid emergency medical services, thereby fueling the market expansion. The government initiatives and funding for the development of healthcare infrastructure and services are also expected to propel the growth of this market.

The increasing incidence of trauma injuries, such as traumatic brain injuries, is playing a crucial role in expanding the market and driving the demand for emergency medical equipment. According to the American Association for Surgery Trauma, trauma remains a leading cause of death up to the age of 45. Furthermore, recent CDC reports estimate that there are 561 hospitalizations and 190 deaths related to traumatic brain injury (TBI) each day. These statistics heighten concerns about the disease, thus enabling industry players to provide solutions and increase their market share.

In addition, the rise of digitization and rapid technological advancements across all sectors have also equipped emergency medical service equipment with enhanced features that aid in improving the overall emergency management process. Portable diagnostic devices, such as portable ultrasound devices and point-of-care testing (POCT), have revolutionized the emergency medical treatment process, particularly in cases of trauma and internal injuries. Moreover, advancements in communication systems, such as mobile applications with ECG image features and advanced dispatch systems with real-time navigation, are expected to be in high demand in the coming years. Other technological advancements, such as IoT integration through wearable devices, the use of drones in emergency care, and automated external defibrillators (AEDs), are also playing a pivotal role in shaping the market.

Product Insights

The life support & emergency resuscitation product segment accounted for a 34.4% revenue share in 2023 attributed to the critical role these products play in life-saving procedures and emergency care. They are essential in situations of cardiac arrest, respiratory failure, and other life-threatening emergencies. The demand for these products is expected to remain high due to the increasing incidence of cardiovascular diseases, trauma injuries, and other medical emergencies.

The patient monitoring systems product segment is anticipated to grow at a CAGR of 6.6% from 2024 to 2030 driven by the increasing prevalence of chronic diseases, advancements in technology leading to the development of more sophisticated and reliable monitoring systems, and the growing need for rapid and efficient patient assessment in emergency situations. The shift towards patient-centered care and the integration of artificial intelligence and machine learning in patient monitoring systems are also expected to contribute to the growth of this segment.

End-use Insights

The hospitals segment dominated the market in 2023 driven by a competitive market that encourages innovation to offer superior products and gain a competitive edge. Necessary regulatory changes tailored to patient needs regarding devices also ensure that patients opt for treatment in hospitals. Moreover, demographic shifts towards an aging population, which are leading to an increase in chronic disease cases and healthcare expenditure, are playing a crucial role in the overall growth of this segment. Partnerships between emergency medical services and hospitals aimed at improving communication, sharing resources, and training professionals are also expected to contribute to the growth of this segment in the coming years.

The ambulatory surgical centers (ASCs) end use segment is projected to witness the fastest growth from 2024 to 2030. The driving forces for the exceptional growth of this segment in the upcoming years are expected to be the rising demand for outpatient surgery, cost-saving measures, the development of new technologies, patients' desire for convenience, government support and reimbursement policies, concerns with quality, an aging population, and expansion to new areas of practice. These factors combine to make a significant impact on the segment's growth in the future.

Regional Insights

North America emergency medical services product market dominated with revenue share of 50.25% in 2023 attributed to several factors, including substantial investments in healthcare infrastructure, enhanced emergency preparedness measures implemented in response to the COVID-19 pandemic, a rising incidence of traumatic injuries, and the increasing integration of EMS practices with telemedicine solutions.

U.S. Emergency Medical Services Product Market Trends

The U.S. emergency medical services product market dominated the North American market with a revenue share of 74.8% in 2023 pertaining to the surge in demand for emergency care in acute health conditions, continuous advancements in medical technology enhancing EMS product capabilities, increased healthcare infrastructure investments in emergency medical equipment, and the integration of AI technologies driving demand for EMS products in chronic disease management.

Canada emergency medical services product market is expected to grow at a CAGR of 5.8% from 2024 to 2030. Key drivers for this growth trajectory include heightened public awareness of respiratory, cardiovascular, and other health conditions, amplified government investments in healthcare infrastructure, and collaborative efforts between public and private healthcare sectors.

Europe Emergency Medical Services Product Market Trends

Europe emerged as a promising market for emergency medical services (EMS) products in 2023. Market growth was spurred by several key factors, including expanded training programs enhancing healthcare professionals' emergency management capabilities, the enforcement of stringent medical device standards for emergency applications, and increased healthcare spending facilitating the development of innovative EMS product solutions.

The UK emergency medical services product market is expected to grow rapidly in the coming years. The rise in cases of trauma injuries and critical respiratory conditions such as acute respiratory distress syndrome (ARDS), chronic obstructive pulmonary disease (COPD), and pneumonia are driving the demand for emergency medical services. Additionally, the UK government’s initiatives and investments in healthcare, coupled with an increase in healthcare expenditure, are expected to boost the market.

Asia Pacific Emergency Medical Services Product Market Trends

The emergency medical services product market in Asia Pacific is anticipated to grow at a CAGR of 7.2% from 2024 to 2030. The growth of the market in the region can be attributed to the growing geriatric population, which leads to rising cases of emergency chronic diseases such as diabetes, respiratory diseases, and others. Moreover, technological advancements in medical technology, such as IoT-enabled devices, are increasing the demand in the market.

China's emergency medical services product market held a substantial market share in 2023 owing to technological advancements such as integrated mobile health solutions to capture and forward real-time data to paramedics and hospitals. Rapid urbanization and infrastructure development in the country are increasing the demand for the urban population, thus creating an opportunity for new hospitals and trauma centers, impacting the demand for the products in the country.

Key Emergency Medical Services Product Company Insights

Some of the key companies in the emergency medical services product market include BD., GE Healthcare., Stryker, Cardinal Health, and other companies. Organizations are focusing on increasing customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies. 

• Stryker Corporation is a medical equipment company that offers a vast portfolio of products and services for several healthcare niches, such as the emergency medical services (EMS) product market. In the implementation of the EMS product market, Stryker additionally provides solution services such as stretcher systems and AED, which focus on the development of patient care and efficiency for first responders’ patient transportation equipment.

• GE Healthcare is a global business that provides medical technologies and digital solutions to improve healthcare and patient outcomes. In the emergency medical services (EMS) segment, GE Healthcare aims to provide expert medical solutions, including diagnostic imaging systems, patient monitors, and portable ultrasound systems, which can be invaluable for EMS caregivers. 

Recent Developments

• In June 2024, Tri-Tech Forensics, Inc. acquired SAM Medical, a leading innovator in medical devices and trauma care solutions. SAM Medical significantly expands Tri-Tech's emergency medical product portfolio. This strategic move reinforces Tri-Tech's market position following the recent acquisition of Hartwell Medical.

• In May 2024, Bound Tree Medical, LLC completed the acquisition of QuadMed, a prominent supplier to emergency medical services (EMS) agencies, fire departments, law enforcement, military units, and other healthcare professionals. QuadMed brings a strong industry reputation to the Bound Tree portfolio.

Emergency Medical Services Product Market Report Scope

Global Emergency Medical Services Product Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global emergency medical services product market report based on product, end-use, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Life Support & Emergency Resuscitation

    • Defibrillators

    • Endotracheal Tubes

    • Ventilators

    • Resuscitators

    • Laryngoscopes

  • Patient Monitoring Systems

  • Wound Care Consumables

    • Dressings & Bandages

    • Sutures & Staples

    • Others

  • Patient Handling Equipment

    • Medical Beds

    • Wheelchairs and Scooters

    • Other Equipment

  • Infection Control Supplies

    • Disinfectant and Cleaning Agents

    • Personal Protection Equipment

    • Others

  • Other EMS Products

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Emergency Clinics

  • Ambulatory Surgical Centers (ASCs)

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Thailand

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • Saudi Arabia

    • UAE

    • South Africa

    • Kuwait