The global emergency medical services products market size is expected to reach USD 34.15 billion by 2026 registering a CAGR of 7.0%, according to a new report by Grand View Research, Inc. Increasing demand for emergency care and increasing healthcare expenditure across the globe are the key factors driving the market. Increasing cases of trauma, caused by road accidents, natural disasters, and sports and other injuries, is also one of the key growth-driving factors for the market.
For
instance, as per the Centers for Disease Control and Prevention (CDC),
traumatic brain injury is the major cause of disability and death in U.S.,
accounting for 30.0% of all injury-related deaths. Emergency medical services
(EMS) and trauma centers work closely to initiate the pre-hospital treatment
process. In U.S., the government introduced Emergency Medical Treatment and
Labor Act (EMTALA) in 1986. As per the law, anyone going to the emergency
department has to be treated and stabilized, irrespective of their ability to
pay or their insurance status.
Such
laws are improving the accessibility of emergency care. In addition, rising
healthcare expenditure across the globe is likely to improve the quality of
emergency medical services. Such factors are expected to boost the EMS products
market over the forecast period. Moreover, associations, such as American
Trauma Society (ATS), offer courses and training for preventing injuries, which
drives the demand for EMS products. ATS offers a two-day course developed by
seasoned injury prevention professionals across the country.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/emergency-medical-services-ems-products-market
Emergency Medical
Services Products Market Report Highlights
- In terms of
revenue, life support & emergency resuscitation systems led the EMS
products market in 2018 and will continue its dominance throughout the
forecast years
- Increasing
cases of trauma and demand for emergency care contributes to the growth of
the life support & emergency resuscitation systems segment
- Defibrillators
segment is expected to witness the fastest growth over the forecast period
owing to the rise in number of Cardiovascular Diseases (CVDs).
- Asia Pacific
is expected to witness the fastest CAGR from 2019 to 2026 owing to rapid
development of healthcare infrastructure and rising number of start-ups in
this region
- Prominent key
companies in the market are Bound Tree Medical; McKesson Medical-Surgical,
Inc.; Stryker Corp.; and Medline Industries, Inc.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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