The emergency medical service market forecasts suggest it will likely traverse a moderately poised path at a CAGR of 6.2%, reaching US$ 41.66 billion by 2034. This advancement will ensure the market reaches US$ 22.76 billion by 2024.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | US$ 22.76 billion |
| Projected Market Value in 2034 | US$ 41.66 billion |
| Value-based CAGR from 2024 to 2034 | 6.2% |
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Based on the historical findings, the growth driver of the emergency medical service market was paced at a CAGR of 5.3%. This moderate advancement ensured the emergency medical service market size and growth progresses between US$ 16.63 billion and US$ 21.48 billion from 2019 to 2023.
The growing prevalence of people falling prey to the pandemic was the main growth driver of the emergency medical service market in the historical period. A spike in emergency cases was observed, which increased the demand for emergency medical services.
Natural disasters and calamities increased the number of accidental cases. Due to this, chronic demand was generated for emergency services. Hence, this was another demand generator in the historical period.
| Historical CAGR from 2019 to 2023 | 5.3% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 6.2% |
The need for emergency medical services in the forecasted period will be governed by disturbed and tense geopolitical issues and the probability of wars between them. Recent encounters between Russia and Ukraine, Israel and Palestine, etc., are evidence that the requirement for emergency medical service is likely to increase.
The growing government interest in developing healthcare sectors will govern the emergency medical service market size and growth forecast. Investments will leverage leading players in the emergency medical service market to innovate.
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With the emerging technology as a growth driver of the emergency medical service market, the North American region is the largest lucrative market projecting emergency medical service market size and growth forecast.
Sustainability trends in Europe emphasize community-based care models, which is a key growth driver of the emergency medical service market in Europe. Therefore, it is an essential market contributor.
The countries in the Asia-Pacific region invest in developing healthcare system. Hence, this region will also be a key contributor in the forecasted period.
Forecast CAGRs from 2024 to 2034
| Countries | Forecasted CAGR |
|---|---|
| The United States of America | 5.5% |
| China | 7.1% |
| Italy | 7.3% |
| Australia & New Zealand | 8.7% |
| India | 8.8% |
The United States market emphasizes the integration of telemedicine, which supports remote diagnosis and treatment. Also, the growing demand for specialized emergency medical services is fulfilled with the help of advanced technology, including drone technology.
This will likely increase the reach of emergency medical services in remote areas. Hence, the United States emergency medical service market size and growth forecast will be at a CAGR of 5.5%.
The Chinese government is expanding the healthcare infrastructure. Apart from this, mobile healthcare platforms are designed, enabling the healthcare industry to access remote areas.
Further, government initiatives will likely bolster the emergency response system. Thus, the Chinese emergency medical service market size and growth forecast will be at a moderate CAGR of 7.1%.
Italy is the European leader, ensuring the emergency medical service market size and growth forecast at a CAGR of 7.3%. The Italian government focuses on preventive measures, encouraging the healthcare sector to design early-detection diagnosis system.
Also, these factors drive the Italian population toward community-based care models. Hence, these are growth drivers of the emergency medical service market.
Australia and New Zealand create lucrative opportunities, ensuring the emergency medical service market size and growth forecast at a CAGR of 8.7%. Proactive healthcare systems are aimed to be designed, which will likely be a growth driver of the emergency medical service market.
The paramedicine sector is an emerging avenue that will generate demand for emergency medical service systems. Health education, chronic disease management, and reducing dependency on emergency department visits are the main aims of these programs.
The Indian government is leveraging monetary funding to bolster the healthcare sector. Private-public partnerships also raise enough funds to manage critical expenses, a growth driver of the emergency medical service market.
Promoting telemedicine is a part of the rising healthcare expenditure. It helps the bolstering of the sector. Due to this, the Indian emergency medical service market size increases at the highest rate. The emergency medical service market size and growth forecast suggest advancement at an impressive CAGR of 8.8%.
| Category | Services- Advanced Life Support |
|---|---|
| Market Share in 2024 | 56.9% |
| Market Segment Drivers |
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| Category | Providers- Hospital-Based EMS |
|---|---|
| Market Share in 2024 | 28.3% |
| Market Segment Drivers |
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Its competitive landscape determines the growth driver of the emergency medical service market. The fierce competition encourages leading players in the emergency medical service market to innovate, augmenting market verticals. It enhances the emergency medical service market size and growth forecast.
Partnerships, strategic collaborations, mergers, and acquisitions are key moves that help key marketers uplift their market occupancy. Moreover, these deliver assertive results to leading players in the emergency medical service market.
The new entrants hold decent negotiating power due to their ability to introduce services at a competitive price. Moreover, effective marketing and positioning might help them gain a better marketplace.
Competitive Landscape Analysis for Emergency Medical Service Providers
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 22.76 billion |
| Projected Market Valuation in 2034 | US$ 41.66 billion |
| Value-based CAGR 2024 to 2034 | 6.2% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
The emergency medical service market is estimated to progress at a CAGR of 6.2% through 2034.
The emergency medical service market will likely reach US$ 41.66 billion by 2034.
The emergency medical service market will attain a market size of US$ 22.76 billion in 2024.
The emergency medical service market's advanced life support segment will hold 56.9% of the market share in 2024.
The emergency medical service market's hospital-based EMS segment will likely secure 28.3% of the market space in 2024.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Services 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Services, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services, 2024 to 2034 5.3.1. Basic Life Support 5.3.2. Advance Life Support 5.3.3. Mortuary Services 5.3.4. Patient Transfer Services 5.4. Y-o-Y Growth Trend Analysis By Services, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Services, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Providers 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Providers, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Providers, 2024 to 2034 6.3.1. Fire-Department-Based EMS 6.3.2. Government EMS 6.3.3. Hospital-Based EMS 6.3.4. Private Ambulance Service 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By Providers, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Providers, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Fleet 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Fleet, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Fleet, 2024 to 2034 7.3.1. Ground Transport 7.3.2. Air Transport 7.4. Y-o-Y Growth Trend Analysis By Fleet, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Fleet, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Services 9.2.3. By Providers 9.2.4. By Fleet 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Services 9.3.3. By Providers 9.3.4. By Fleet 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Services 10.2.3. By Providers 10.2.4. By Fleet 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Services 10.3.3. By Providers 10.3.4. By Fleet 10.4. Key Takeaways 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Services 11.2.3. By Providers 11.2.4. By Fleet 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Services 11.3.3. By Providers 11.3.4. By Fleet 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Services 12.2.3. By Providers 12.2.4. By Fleet 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Services 12.3.3. By Providers 12.3.4. By Fleet 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Services 13.2.3. By Providers 13.2.4. By Fleet 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Services 13.3.3. By Providers 13.3.4. By Fleet 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Services 14.2.3. By Providers 14.2.4. By Fleet 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Services 14.3.3. By Providers 14.3.4. By Fleet 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Services 15.2.3. By Providers 15.2.4. By Fleet 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Services 15.3.3. By Providers 15.3.4. By Fleet 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Services 16.1.2.2. By Providers 16.1.2.3. By Fleet 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Services 16.2.2.2. By Providers 16.2.2.3. By Fleet 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Services 16.3.2.2. By Providers 16.3.2.3. By Fleet 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Services 16.4.2.2. By Providers 16.4.2.3. By Fleet 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Services 16.5.2.2. By Providers 16.5.2.3. By Fleet 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Services 16.6.2.2. By Providers 16.6.2.3. By Fleet 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Services 16.7.2.2. By Providers 16.7.2.3. By Fleet 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Services 16.8.2.2. By Providers 16.8.2.3. By Fleet 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Services 16.9.2.2. By Providers 16.9.2.3. By Fleet 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Services 16.10.2.2. By Providers 16.10.2.3. By Fleet 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Services 16.11.2.2. By Providers 16.11.2.3. By Fleet 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Services 16.12.2.2. By Providers 16.12.2.3. By Fleet 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Services 16.13.2.2. By Providers 16.13.2.3. By Fleet 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Services 16.14.2.2. By Providers 16.14.2.3. By Fleet 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Services 16.15.2.2. By Providers 16.15.2.3. By Fleet 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Services 16.16.2.2. By Providers 16.16.2.3. By Fleet 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Services 16.17.2.2. By Providers 16.17.2.3. By Fleet 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Services 16.18.2.2. By Providers 16.18.2.3. By Fleet 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Services 16.19.2.2. By Providers 16.19.2.3. By Fleet 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Services 16.20.2.2. By Providers 16.20.2.3. By Fleet 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Services 16.21.2.2. By Providers 16.21.2.3. By Fleet 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Services 16.22.2.2. By Providers 16.22.2.3. By Fleet 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2023 16.23.2.1. By Services 16.23.2.2. By Providers 16.23.2.3. By Fleet 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Services 17.3.3. By Providers 17.3.4. By Fleet 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Boston Scientific Corporation 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Terumo Corporation 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Diagmed Healthcare 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. ConvaTec Inc 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. Baxter 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Merit Medical Systems 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. Danaher 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Johnson & Johnson Services, Inc 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Asahi Kasei Corporation 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Koninklijke Philips N.V 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
Healthcare
November 2016
REP-NA-2158
111 pages
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Emergency Medical Service Market
