LOS ANGELES, July 09, 2019 (GLOBE NEWSWIRE) -- The global emergency medical service products market size is estimated to grow at CAGR above 6.7 % over the forecast time frame 2019 to 2026 and reach the market value around USD 24.3 billion by 2026.
Recognized also as the vital government service known as emergency medical service (EMS). Medical emergency care is the care given in the first few hours after a medical issue has started. EMS is component of a complicated scheme of trauma services and transportation and organisations and agencies, as well as of hospitals, communication networks and rehabilitation centers.
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There is tremendous growth in the market for Emergency Medical Service (EMS) products. According to the Emergency Medicine Society, for example, India (SEMI), over 100,000 deaths linked to road transport, 98.5% of ambulances carrying dead bodies, 90% of ambulances without equipment / oxygen, and 95% of ambulances carrying inexperienced workers have been reported.
During the past decade, huge technological progress has been made in the field of emergency medical services, such as, the compact Wireless Biometrics package (containing all the leads, ECGs and sensor features and a backup screen), which is based in Bavaria, GS Elektromed Corpuls 3, is patient-friendly but can be redocked with a defibrillator and large screen if needed.
The main driving forces behind the emergency-medical services (EMS) industry are increased demand for emergency care, increased trauma and growing health care expenditure worldwide. Acute care of the patients includes emergency medical services. Patients with medical, obstetrical and surgical emergencies are managed in the EMS Department. The department is also fitted to treat acute pregnancy, accidents, diseases and heart attacks. For example, in the United States there are both hospital and non-hospital emergency services. CMS has divided emergency services into two segments Type A and Type B.
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The EMS product market should prevail over the forecast period in North America. Improved health infrastructure and increased emphasis on emergency care by healthcare suppliers are some of the driving factors of the regional economy. In order to increase product demand over the prediction period, excellent reimbursement coverage and the accessibility of qualified experts are expected. Asia Pacific is projected to be the fastest growing country in the forecast period, led by developing countries like India, China and Japan. More spending on health care in these nations is projected to encourage many significant businesses to enter untapped regions.
Key Players & Strategies
Bound Tree Medical; Strips, Inc., Smeraldia, Inc., McKesson Medical-Surgical, Inc., Henry Scheine, Inc., Medline Industries Inc., and Life-Assist. Prominent main businesses in this market. These firms undertook a number of approaches to enhance their place in the worldwide economy, including merger and acquisitions, contracts and alliances.
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Smiths Medical Inc., for example, signed a distribution contract in September 2017 with Sommetrics that will distribute its aerFree Airway Management System on the U.S. EMS product market. The FDA510(k) clearance for its ambulatory infusion pump CADD-Solis was obtained by Smiths Medical Inc. in August 2017. A wireless communication function is provided for the pump.
The DisImpactor Fecal Impaction Deletion System is offered to DisImpactor Medicines for hospice patient care in July 2017. Centurion's Hospice DisImpactor can alleviate patients' suffering and prevent unnecessary entry to emergency services owing to serious fecal impactions.
Dakota Nitinol Stone Retrieval Device with OpenSure Handle in South Africa was announced in November 2016 by Boston Scientific Corporation in the U.S. and Europe. This kidney stone recovery device has been intended to permit physicians to release and capture multi-size kidney stones, from 10 millimeter complicated stones to 1 millimeter tiny fragments.
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