Emergency Medical Services Market Analysis

Global Emergency Medical Services Market Overview

Emergency Medical Services Market Valued at USD 44.4 billion in 2023, projected to grow from USD 46.6 billion in 2024 to USD 76.47 billion by 2032, exhibiting a CAGR of 4.90% during the forecast period (2024 - 2032).The increasing prevalence of trauma injuries, advancements in healthcare facilities, and a rise in the demand for emergency care are some key factors driving the growth of the emergency medical services market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Zenzo, a leading provider of dependable and all-encompassing pre-hospital care for patients, is poised to bring about a paradigm shift in emergency medical services in September 2023 with its fleet of cutting-edge ambulances outfitted with cutting-edge 5G technology. Cutting-edge ambulances are equipped with advanced life-saving technology and 5G connectivity, ushering in an unprecedented era of real-time data transmission, patient monitoring, and superior emergency medical care. Zenzo has developed its ambulances, which are outfitted with 5G technology, with the explicit purpose of addressing the growing demand for immediate and effective emergency medical aid. The ambulances under consideration have undergone precise engineering to provide advanced medical services while in motion, enabling timely treatment to be administered during the journey. This functionality improves patient outcomes, especially in critical situations, through the facilitation of prompt interventions.

Apollo Multispecialty Hospitals Kolkata unveiled a technologically advanced ambulance featuring 5G connectivity in June 2023. The primary objective of this pioneering endeavor is to enhance the provision of healthcare services to individuals in urgent need of medical attention. The ambulance is purposefully constructed with cutting-edge technology, such as 5G connectivity, to augment its functionalities. The facility is furnished with cutting-edge medical apparatus, patient monitoring applications, and telemetry devices that enable the hospital to receive health data during patient visits. This expedites the delivery of the information to the hospital by ensuring that the transmission takes place with minimal delay. In addition, the ambulance is equipped with infrared cameras that are linked to a fifth-generation network, which is renowned for its exceptionally rapid transmission rates and minimal latency. HealthNet Global Limited has supplied the technology utilized in the ambulance.

Emergency Medical Services Market Trends

• The rise in the number of accidents and trauma cases drives the market growth

Accidents are among the leading causes of death worldwide. In developing economies, reckless driving, driving while intoxicated, and poor enforcement of traffic laws and regulations have contributed to an exponential rise in traffic accidents and premature deaths of citizens. Rapid response and primary patient care at accident sites can save patients' lives before they receive proper hospital treatment. Rapid transportation of patients to hospitals without delays can also save lives. Emergency ambulance vehicles play an important role in early patient care and transportation, and the number of accidents and trauma cases is expected to rise globally.

According to the American Association for the Surgery of Trauma, injury is a significant public health issue in the US, accounting for more than 150,000 fatalities and more than 3 million non-fatal injuries yearly. Each year, injuries cause more than 5 million fatalities worldwide. Rising demand for emergency medical equipment and an increase in government spending is expected to drive the market to combat this scenario improvement in healthcare facilities. Additionally, the government's increasing support for constructing emergency care facilities will increase the market's competitiveness during the projection period. This demands that government agencies take the most thorough measures possible involving industries like emergency health services, which deal with safety precautions in the event of any incidents.

Furthermore, the growing popularity of air ambulance services and many private insurance patients are expected to drive the ambulance services market forward.

Emergency Medical Services Market Segment Insights

Emergency Medical Services End User Insights

Based on end users, the emergency medical services market segmentation includes hospitals & trauma centers, and ambulatory surgical centers. The hospitals & trauma centers segment held the majority share in 2021, contributing to around ~60-63% of the emergency medical services market revenue. The rapidly increasing prevalence of chronic conditions and trauma injuries, as well as an increase in government investments, funds, and grants for hospital infrastructure development worldwide, are the major factors driving the expansion of this market segment. Rising road accidents, suicidal attempts, cardiac arrests, industrial accidents, and other occurrences drive up demand for immediate response and emergency medical care worldwide. Additionally, traumatic brain injuries account for 30% of all injury-related fatalities in the US and are the leading cause of disability and death. Many disabilities and fatalities brought on by trauma are likely to increase demand for hospitals and trauma centers.

Emergency Medical Services Application Insights

Based on application, the emergency medical services market segmentation includes cardiac care, trauma injuries, and respiratory care.Cardiac care dominated the market in 2021 and is predicted to grow fastest from 2024 to 2030. The increasing geriatric population and the rising prevalence of diabetes and cardiovascular disease are the primary factors driving the expansion of this market segment. Increased emergency visits and a greater need for life-support equipment are the further drivers of this segment's expansion.

Figure 2: Emergency Medical Services Market, by Application, 2023 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

In addition, respiratory emergencies include a wide range of severe conditions affecting the respiratory tract or lungs, from shortness of breath to complete respiratory arrest. Moreover, rising levels of air pollution have resulted in an increase in respiratory infections and rapidly deteriorating chronic respiratory diseases, which has boosted segment growth.

Emergency Medical Services Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Emergency Medical Services market accounted for USD 43.2 billion in 2021 and is anticipated to exhibit a significant CAGR growth over the projection period. High rates of trauma injuries, an increase in emergency room visits, the presence of notable/key players, technological advancements, and an established hospital infrastructure are all factors in the North American regional market growth. Additionally, it is anticipated that strong reimbursement coverage and the availability of qualified professionals will increase product demand during the forecast period.

In addition, the United States, Germany, Canada, France, the United Kingdom, India, Italy, Spain, Australia, Japan, South Korea, and Brazil are among the major nations covered in the market report.

Figure 3: EMERGENCY MEDICAL SERVICES MARKET SHARE BY REGION 2023 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The European emergency medical services market is the world's second-largest. This is due to increased medical emergencies, accidents, sports injuries, workplace injuries, and people using emergency medical services. In addition to these elements, the development of the European emergency medical services market can be attributed to strong software solutions, well-developed communication channels, and well-trained and educated healthcare workers. Furthermore, the UK emergency medical services market held the largest market share, while the France emergency medical services market is the fastest-growing market in the European region.

The Asia-Pacific Emergency Medical Services Market is anticipated to grow at the fastest CAGR between 2024 and 2032 due to the rapidly increasing geriatric population, high exposure to medical emergencies, and increasing government funding in China and India. According to the WHO, China had more than 270 million patients with hypertension as of 2018. In China, it was anticipated that cardiovascular diseases would be responsible for 41% of all fatalities. These disease prevalence metrics have thus pushed the country's emergency medical services market. Increased healthcare spending in these countries is expected to encourage many large corporations to enter previously untapped markets. China’s emergency medical services market held the largest market share, and the Indian emergency medical services market was the fastest-growing market in the Asia-Pacific region.

Emergency Medical Services Key Market Players & Competitive Insights

The market for emergency medical services is relatively fragmented, with a few large-scale companies and several small-scale regional competitors. They have long-term contracts with medical care organizations worldwide and are forming strategic alliances and collaborations with businesses in various countries to expand their business. Significant market innovations will also fuel the growth of the industry. Collaborations, mergers, acquisitions, and the development of new products are all used by major corporations to strengthen their position in the industry. Key players in the emergency medical services market invest heavily in research and development to create technologically advanced products. In addition, providers in the emergency medical services sector are increasing the range of services they offer by adding mobile healthcare, patient advocates, primary care extenders, and medical educators.

Safeguard Medical is a alliance of leading trauma care organizations that provide services to combat medicine, emergency services, law enforcement, community first responders, as well as private and corporate clients. Safeguard Medical is the world's leading provider of battle-proven emergency medical equipment services, training, and support for tactical and sterile environments. Safeguard Medicals, a leading healthcare organization, announced the acquisition of PERSYS MEDICAL, an emergency medical service provider, in June 2020. The purchase broadens Safeguard Medical's product line and reach.

Stryker is one of the world's leading medical technology companies, providing innovative services and products in orthopedics, medicine, surgery, neurotechnology, and spine to help improve patient and hospital outcomes. Stryker's products include joint replacement and trauma implants, surgical equipment, navigation systems, endoscopic and communications systems, patient handling & emergency medical equipment, neurosurgical, neurovascular, and spinal devices, and other medical device products in a wide range of medical specialties. Stryker developed a low-cost, limited-release emergency response bed in April 2020 to help healthcare providers quickly provide efficient care during the COVID-19 pandemic. Stryker's Emergency Relief Bed is a low-cost solution for those on the front lines, from emergency departments in hospitals to triage and pop-up care areas. It has a six-inch thick foam surface with a 30-degree head feature.

Key Companies in the emergency medical services market include

• Bound Tree Medical


• McKesson Medical-Surgical


• Henry Schein


• Medline Industries Inc


• Stryker Corp.

Emergency Medical Services Industry Developments

October 2020:Advatech Healthcare Europe launched HIPPO Mobility, the UK's first technology-driven, specialized, cost-effective transportation service for elderly, disabled, and non-emergency patients.

April 2020:Demers Ambulances USA Inc. introduced a new ambulance model from Crestline's CCL 150 product line. The CCL 150 ambulance line is designed to help EMS organizations in the United States that need safe, long-lasting ambulances at a low cost.

July 2020:Babcock Scandinavian has announced a six-year contract for fixed-wing air ambulance services in Norway. Babcock Scandinavian AirAmbulance will oversee all fixed-wing air ambulance operational processes in Norway, transporting approximately 9,000 patients annually.

September 2017:Smith's Medical Inc has agreed to distribute Sommetrics' aerFree Airway Management System in the United States emergency medical services (EMS) product and services market.

August 2017:Smith's Medical Inc's CADD-Solis hospital outpatient infusion pump has received FDA 510(k) clearance. The pump includes a modern communications feature.

Emergency Medical Services Market Segmentation

Emergency Medical Services End User Outlook

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  Hospitals & Trauma Centers

  
  


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  Ambulatory Surgical Centers

  
  

Emergency Medical Services Application Outlook

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  Cardiac Care

  
  


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  Trauma Injuries

  
  


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  Respiratory Care

  
  

Emergency Medical Services Regional Outlook

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  North America

  
  

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  US

  
  


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  Canada

  
  

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  Europe

  
  

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  Germany

  
  


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  France

  
  


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  UK

  
  


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  Italy

  
  


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  Spain

  
  


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  Rest of Europe

  
  

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  Asia-Pacific

  
  

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  China

  
  


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  Japan

  
  


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  India

  
  


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  Australia

  
  


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  South Korea

  
  


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  Australia

  
  


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  Rest of Asia-Pacific

  
  

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  Rest of the World

  
  

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  Middle East

  
  


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  Africa

  
  


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  Latin America