Revolutionizing Emergency Care: The Growing Importance of the EMS Market
The Emergency Medical Services (EMS) market is a vital component of the healthcare industry, providing emergency medical care to individuals in need. The market includes a range of products and services, including ambulances, medical equipment, and emergency medical personnel.
In recent years, the demand for EMS services has been on the rise, driven by factors such as an aging population, an increase in chronic diseases, and a growing number of accidents and emergencies. This has led to a surge in investments in the EMS market, with a particular focus on enhancing the quality and efficiency of services.
The Global Emergency Medical Services (EMS) Market is projected to grow from USD 19.41 billion in 2020 to USD 30.16 billion by 2026 at a CAGR of over 7.6% during the forecast period.
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Key Players
Key players operating in the global Emergency Medical Services (EMS) market are-
Bound Tree Medical (The US), McKesson Medical-Surgical, Inc. (The US), Henry Schein, Inc. (the US), Medline Industries, Inc. (The US), Emergency Medical Products, Inc. (The US), Stryker (The US), Smiths Medical, Inc. (The US), Cardinal Health (The US), Life-Assist (The US), and Penn Care, Inc. (The US).
Regional Analysis
By region, the North American market accounted for the largest market share in 2020 and is projected to register a considerable CAGR during the review period. This is mainly attributed to development in healthcare facilities and the growing focus of healthcare providers on emergency care. Furthermore, good reimbursement coverage and the easy availability of skilled medical professionals further augments the regional growth.
COVID-19 Impact on Global Emergency Medical Services (EMS) Market
The ongoing COVID-19 virus has had a positive impact on the Emergency Medical Services (EMS) industry. There has been a shortage of essential life-saving services & devices and other vital medical supplies to curb the spread of coronavirus and provide sufficient care. Also, ventilators play a key role in the treatment of COVID-19 patients, who may require critical care, further escalating the demand for EMS.
Overall, the EMS market is a critical component of the healthcare ecosystem, providing vital emergency medical services to individuals in need. With continued investments in technology and infrastructure, the market is expected to grow in the coming years, further enhancing the quality and efficiency of emergency medical services.
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