The Emergency Medical Services Market is expected to reach US$ 86,146.29 million by 2031 from US$ 51,856.00 million in 2024; the market is estimated to grow at a CAGR of 7.5% during 2024-2031. Major factors driving the market growth include rising incidence of medical emergencies and growing government initiatives and investments. Further, growing strategic initiatives by companies is likely to boost the market during the forecast period. However, shortage of skilled healthcare personnel specialized in emergency care among the market deterrents.

Emergency medical services (EMS) involve the acute care of patients. EMS, also known as ambulatory services, is a critical system that provides urgent medical care and transportation in emergencies. The primary focus of EMS is on attending to patients with injuries and emergency illnesses, such as chronic diseases, stroke, cardiac arrest, and accidents. The growing geriatric population, increasing lifestyle changes, and rising healthcare demand is surging the urgent need for effective and efficient EMS.

Cardiovascular diseases (CVDs) remain the leading cause of death worldwide. According to the World Health Organization (WHO) factsheet 2021, CVD accounted for ~17.9 million deaths in 2019, which represents 32% of all global deaths. Notably, over 85% of these deaths were due to heart attacks and strokes. Additionally, as per the World Stroke Organization (WSO): Global Stroke Fact Sheet 2022, there are more than 12.2 million new cases of stroke globally every year, resulting in ~6.5 million deaths. Currently, over 110 million individuals worldwide have experienced a stroke. More than 60% of strokes occur in individuals under the age of 70, and 16% affect those between 15 and 49 years old. Alarmingly, one in four people over the age of 25 is expected to experience a stroke in their lifetime. In addition, the burden of stroke in Europe is expected to grow remarkably in the coming years. As per a report titled "The Burden of Stroke in Europe," the projected data indicates a 34% increase in the total number of stroke cases in the European Union during 2015-2035, as the case count is likely to reach 819,771 by 2035 from 613,148 in 2015. The rising incidence of these conditions has intensified the demand for efficient and timely EMS interventions.

According to the article titled "European Resuscitation Council Guidelines 2021," published in April 2021, the reported annual incidence of out-of-hospital cardiac arrest in Europe is ~67-170 per 100,000 individuals. The American Heart Association has released the Heart and Stroke Statistics - 2022 Update, focusing on out-of-hospital cardiac arrest in the US. The report reveals that cardiac arrest remains a public health crisis, with more than 356,000 out-of-hospital cardiac arrests occurring annually in the country, with ~90% of them resulting in death. This highlights the need for EMS to provide lifesaving interventions, such as defibrillation and advanced cardiovascular care, as quickly as possible to improve survival chances.

According to the WHO Noncommunicable Diseases Factsheet 2023, chronic diseases account for 41 million global deaths annually, equivalent to 74% of worldwide deaths. As per the article "Emergency Department Patients Are More Likely to Have Chronic Diseases," published in September 2022, older adults who went to the emergency department often had chronic conditions. The study examined data from 2017 to 2019 in the US, revealing that there were 107.3 million visits to emergency departments each year. Among these visits, 59.5% involved adults who had at least one chronic disease. The most common chronic conditions among patients in the emergency department were heart disease (11.4%) and substance use disorder (10.5%).

The need for prompt emergency medical intervention is increasing with the prevalence of medical emergencies, particularly chronic diseases, cardiac arrests, strokes, and other medical conditions, and drives the demand for EMS globally.

The comparative company analysis evaluates and categorizes the Emergency Medical Services Market based on product portfolio (product satisfaction, product features, and availability), recent market developments (merger & acquisition, new product launch & enhancement, investment & funding, award, agreement, collaboration, & partnership, recognition, and expansion), and geographic presence that aids better decision-making and understanding of the competitive landscape. The report profoundly explores the recent significant developments and innovations by the leading vendors in the global Emergency Medical Services Market. The key market players are RPM Holding, Lifestar Emergency Medical Services, ProTransport-1, Apollo Hospitals Enterprise Ltd, AMR, Hamilton Medical AG, Aero Medical Ambulance Service, Immediate Care Medical, Falck AS, Acadian Ambulance Service, Blueheights Aviation Pvt Ltd, American Ambulance Service Inc, Spark Medical Limited, Emergency Medical Care Inc., Ambulance Victoria

Based on product, the Emergency Medical Services Market is segmented into Basic Life Support, Advance Life Support, Mortuary Services, Patient Transfer Services, and Others. In 2024, the Basic Life Support, segment held the largest share of the market. Based on provider type, the Emergency Medical Services Market is segmented into Fire-department-based EMS, Government EMS, Hospital-based EMS, Private Ambulance Service, and Other EMS Agencies. In 2024, the government EMS segment held the largest share of the market. Based on application, the emergency medical services market is segmented into cardiac care, trauma injuries, respiratory care, oncology, and others. In 2024, the cardiac care segment held the largest share of the market.

Various organic and inorganic strategies are adopted by companies operating in the Emergency Medical Services Market. The organic strategies mainly include product launches and product approvals. Inorganic growth strategies witnessed in the market are acquisitions, collaboration, and partnerships. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, along with contributing to the overall market growth. Furthermore, strategies such as acquisitions and partnerships helped strengthen their customer base and extend their product portfolios. A few of the significant developments by key players in the Emergency Medical Services Market are listed below.

In July 2022, Nova Scotia has a new fleet of ambulances and response and transport vehicles, ensuring the right mix of resources to improve emergency care and relieve pressure on paramedics and the emergency health system. The Province has signed a contract with Tri-Star Industries in Yarmouth to lease 146 new ambulances.