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 |
|
| Category | Providers- Hospital-Based EMS |
|---|---|
| Market Share in 2024 | 28.3% |
| Market Segment Drivers |
|
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
