Impact of COVID-19 on Emergency Medical Services Market Size, Outlook, Share, Demand 2025

Market Synopsis

The Global Emergency Medical Services Market is expected to cross USD 32.95 Billion by 2025 at a CAGR of 6.9%.Emergencies typically occur in cases such as cardiac arrests, road accidents, and others. Trained technicians or paramedics offer first aid to the patient, i.e., pre-hospital care and shift the patient to an appropriate facility. Pre-hospital medical services include acute medical care, transportation of the patients, and ambulatory services. Previously, emergency medical services were provided by road transport through hammocks and automobiles. In 1972, an air ambulance was introduced in the US. Later, safety standards were formed to improve the quality of services better.

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Market Influencer

Increasing prevalence of investments by government bodies on healthcare infrastructure is positively influencing the global emergency medical services market.

Market Drivers

The increasing number of road accidents and also rising incidences of cardiac arrest is driving the growth of the emergency medical services market. On an average 3,287 deaths takes place daily by road accidents and approximately 1.25 million deaths are caused by such accidents every year. Similarly, cardiac arrest claims more lives than breast cancer, pneumonia, colorectal cancer, influenza, and prostate cancer worldwide. More than 350,000 cardiac arrests occur outside of the hospital each year.

Increasing government support for the development of emergency care centers. In the US, the National Health Expenditure Accounts (NHEA) officially estimates the total healthcare spending. The NHEA reported that in 2016, the healthcare spending of the US increased by 4.3%, reaching USD 3.3 trillion, which is USD 10,348 per person. Rising healthcare spending in the country is estimated to improve the quality of emergency medical services in order to enhance health outcomes.

Market Restraints

Lack of trained professionals to handle the equipment is hampering the market.

Product recalls

Stringent regulations imposed by the government bodies on medical devices manufacturers is also hindering the growth of the emergency medical services market.

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Segmentation

By Product and Services

By Product

Emergency Revival Equipment: It is the largest segment due to the increasing number of emergency visits and the growing requirement of life-support equipment. Approximately 265,000 deaths are caused every year due to fire accidents. These are used to restore spontaneous blood circulation and breathing in a person suffering from cardiac arrest.Patient Monitoring Systems: It is the fastest-growing segment. They are used to measure and record heart rate, blood pressure, temperature. The blood pressure monitors cost between USD 40 to USD 75.Wound Care Consumables: Designed to cure and treat complex wounds, such as diabetic foot ulcers, venous ulcers, and pressure ulcers. In 2018, Smith & Nephew launched the PICO 7 in Europe in order to strengthen its position in the European region.

By Services

Land Ambulance: Land ambulance offers accident and emergency transfers, intensive care transfers, maternity transfers, pediatric transfers, and others.Air Ambulance: It is the fastest mode of moving patients to and from healthcare facilities and accident scenes. Many hospitals are partnering with various air aviators rescue team to provide the quickest method of medical services all over the world. For example, Chennai-based Apollo Hospitals has launched an air ambulance service to connect small cities in the South. The hospital chain has partnered with Bengaluru-based air aviators rescue for helicopters and logistics support. These developments will help in the growth of the emergency medical services market.

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By Application

Respiratory Care: It is the fastest-growing segment as more than 3 million people are suffering from chronic respiratory disorders and around 235 million people are suffering from asthma.Cardiac Care: It is estimated to be the largest segment. The Resuscitation Outcomes Consortium gathered data of EMS-assessed and EMS-treated out-of-hospital cardiac arrest (OHCA) from multiple regions of the US between June 2014 and May 2015. Approximately 356,461 people in the US experienced an out-of-hospital cardiac arrest in which 347,922 were adults, and 7,037 were children under the age of 18. The increasing number of emergency services registered for cardiac arrest is boosting the growth of the market.

Trauma Injuries: Trauma continues to be one of the major causes of death worldwide. In the US, injuries account for over 150,000 deaths every year. Every year trauma injury is responsible for more than 5 million deaths worldwide.

By End-User

Hospitals & Trauma Centers: The largest segment, hospitals, and trauma centers are usually the primary points for diagnosis, treatment, and rehabilitation of individuals suffering from ailments or injuries. Growing awareness and increasing efficiency of emergency medical services are projected to drive the growth of this segment during the forecast period.Ambulatory Surgical Centers: A small segment, these centers provide immediate pain relief and rudimentary surgical care.

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Others: This segment includes home care and senior citizen centers.

By Region

Americas: The largest regional market. Prevalence of emergency medical services is high in the Americas; the region also has a well-established healthcare industry.Europe: An increasing geriatric population is leading to a rise in the number of emergencies in medical services cases.Asia-Pacific: The fastest-growing regional market, Asia-Pacific is witnessing a surge in the number of people undergoing treatments for chronic disorders, and many market players are investing in Asia-Pacific region as it has a population of approximately 4.3 billion people.Middle East & Africa: The smallest market due to limited healthcare infrastructure, the dearth of technological advancements in the pharmaceutical sector.

Key Players

Stryker (US)

Smiths Medical (UK)

Becton, Dickinson (US)

Johnson & Johnson (US)

Smith & Nephew (UK)

Cardinal Health (US)

Philips (Netherlands)

3M (US)

Braun (US)

R. Bard (US)

Medtronic (Ireland)

Asahi Kasei (Japan)

GE Healthcare (US)

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