According to Future Market Insights, the global Emergency Medical Services Market demand will develop at a compound yearly growth rate of 6.2%, reaching a market worth of US$ 37.2 billion by 2032. Ground transport is predicted to maintain its dominance during the evaluation period, accounting for 86.2% of total market share in 2021.
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The global increase in cardiac arrests and accidents is driving the demand for Emergency Medical Services. Additional benefits of technological developments in emergency medical care software systems include projecting future health dangers, improved communication during emergencies, and real-time counselling during emergency scenarios.
A higher number of infection-related cases, increased morbidity risks among the elderly population, rising investments and funding for medical services, a surge in trauma cases, higher healthcare expenditures, and an increase in hospital establishments worldwide all contribute to the growth of the Emergency Medical Services market.
Furthermore, the availability of Emergency Medical Services via well-developed transportation infrastructure, increased communication channels, robust software solutions, and procedural assistance during emergency situations has a favourable impact on the market. Furthermore, the use of air ambulances, which provide critical medical transport services during emergencies, has contributed to the growth of the Emergency Medical Services industry.
“Rising adoption of air ambulances, along with growing demand for drone-based Emergency Medical Services will augment the growth in the market,” says an FMI analyst.
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Key Takeaways:
- Advance life support services accounted for approximately 56.6% of the global market share in 2021, mainly to increased demand caused by the COVID-19 pandemic.
- In terms of providers, hospital-based EMS retained a commanding 27.4% share in 2021. Pre-hospital care is provided by hospital-based EMS in times of emergency and trauma.
- Ground transportation services are a significant fleet category in the global industry, accounting for approximately 86.2% of the market in 2021.
- North America is expected to be the top region in 2021, with a value share of approximately 35.6%.
Competition Landscape
Market expansion will be hampered by increasing vendor competition. Because there are so many brands and regional and local vendors, there are a lot of rivalries. Furthermore, suppliers in the Emergency Medical Services industry are expanding their offerings to include mobile healthcare, medical educators, primary care extenders, and patient advocates. During the focused period, increased competition is expected to have a negative impact on the worldwide emergency medical service market growth. The Emergency Medical Services industry is fragmented, and providers are competing by using both organic and inorganic growth techniques.
More Insights:
The North American region is the largest emergency medical equipment market due to the presence of well-established healthcare infrastructure, high healthcare expenditure, and the adoption of advanced medical technologies.
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Key Market Segments Covered in Emergency Medical Services Industry Research
By Services:
- Basic Life Support
- Advance Life Support
- Mortuary Services
- Patient Transfer Services
By Providers:
- Fire-Department-Based EMS
- Government EMS
- Hospital-Based EMS
- Private Ambulance Service
- Other EMS Agencies
By Fleet:
- Ground Transport
- Air Transport
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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