Canada Emergency Medical Services Market is Expected to Reach the value of USD 853.42 million by 2029

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An emergency medical service is a system that offers the medical care that is needed at the time of the emergency. It is a proactive service provided to people experiencing any form of disease. An increase in the number of product launches with innovation and technologically advanced to meet the needs of the market is expected to foster the market’s growth. The key market players are increasingly interested in employing the new technologies to attract the end-users attention. The usage of medical devices in emergency medical service is rapidly growing and offers a tremendous opportunity in this sector. Consequentially, the growing in demand for the medical devices such as oximeter, blood pressure monitors, and hand held instruments have increased the market growth.

Data Bridge Market Research analyzes that the Canada emergency medical services market is expected to reach the value of USD 853.42 million by 2029, at a CAGR of 6.3% during the forecast period. Services accounts for the largest type segment in the market due to rapid demand of ambulance emergency medical services in Canada. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.

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Emergency medical services (EMS), also known as ambulance services or paramedic services, are emergency services that provide urgent pre-hospital treatment and stabilization for serious illness and injuries and transport to definitive care. The term emergency medical service evolved to reflect a change from a simple transportation system (ambulance service) to a system in which actual medical care occurred in addition to transportation. The most basic emergency medical services are provided as a transport operation only, simply to take patients from their location to the nearest medical treatment. Emergency medical services exists to fulfill the basic principles of first aid, which are to preserve life, prevent further injury, and promote recovery.

Drivers

• GROWING INCIDENCE OF GERIATRIC POPULATION NEEDS MORE EMERGENCY MEDICAL SERVICES
• In Canada, approximately 2.3% of the population is aged 85 and elder. Although the COVID-19 pandemic claimed a large number of older Canadian deaths, this group continued to expand quickly and over the next 25 years, the population aged 85 and older could triple to almost 2.5 million. With this, the rising geriatric population in this region is expected to drive the segment growth.

For instance,

• According to Statistics Canada, the number of people aged 85+ increased by around 12% from the year 2016-to 2021. Thus, due to the factors above, the ground emergency medical services segment is expected to dominate the market

The senior population group aged 65 and over can have an increased necessity of emergency medical services needs in Canada and other regions. Thus, the growing pace of the senior population demonstrates the escalation in demand for emergency medical services and solutions. Owing to this, it is estimated that the ever-increasing geriatric population is expected to drive the global bladder disorder market in the forecast period.

Recent Developments

• In September 2022, Medtronic announced that its LINQ II insertable cardiac monitor received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for pediatric patients who have heart rhythm abnormalities and require long-term, continuous monitoring. This has increased company sales
• In March 2022, Stryker announced the industry’s first connected ambulance cot. The Power-PRO 2 powered ambulance cot offers improved maneuverability, increased safety, and connectivity tools to help optimize time and budget. This new product will help the organization to generate more revenue

Fundamental Aim of this Market Report

• Factors influencing This Market Size and growth rate.
• Major alterations to this market in the near future.
• Notable Market rivals around the world.
• Future Scope and Product Outlook
• Future-promising emerging markets.
• The Market Presents Difficult Challenges and Threats.

Some of the key players operating in the Canada emergency medical services market are Stryker, Medtronic, Asahi Kasei Corporation, Koninklijke Philips N.V., General Electric Company, Demers Ambulances, Allied Medical Limited, Medline Industries, and Nonin among others.

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Canada Emergency Medical Services Market Scope

BY SERVICES

• Cardiac Care
• Respiratory Care
• Traumatic Injuries

On the basis of services, the Canada emergency medical services market is into cardiac care, respiratory care, traumatic injuries, infection control supplies and others.

BY LOGISTICS

• Ground Transport
• Air Transport

On the basis of logistics, the Canada emergency medical services market is segmented into ground transport and air transport.

BY SERVICES TYPE

• Basic Life Support
• Advance Life Support
• Patient Transfer Services
• Rescue And Evacuation Services
• Mortuary Services
• Other Services

On the basis of services type, the Canada emergency medical services market is segmented into basic life support, advance life support, mortuary services, patient transfer services, rescue and evacuation services and other services.

BY PROVIDER

• Hospital-Based EMS
• Private Ambulance Service
• Government Ems
• Fire-Department-Based Ems
• Others

On the basis of provider, the Canada emergency medical services market is segmented into fire-department-based EMS, government EMS, hospital-based EMS, private ambulance service and others.

BY END USER

• Hospital and Trauma Centers
• Ambulatory Surgical Centers
• Government Agencies
• Mining, Oil and Gas industry
• Others

REV GROUP, INC.

Rev Group, Inc. is headquartered in North Carolina, United States and was founded in year 2010. The company is focused on designs and manufacturers of specialty emergency vehicles and related aftermarket parts and services.

The company has the following business segments fire and emergency, commercial, recreation among which fire and emergency is the market focused segment. the company offers various products/services in the product/service category as type 1 ambulance, type 2 ambulance, type 3 ambulance, medium duty ambulances, Firstar ambulances, sustainable vehicles, rolled airbag systems, high risk infection control ambulances, trauma hawk telematics, remote country and type 1 ambulance, type 2 ambulance, type 3 ambulance, medium duty ambulances, Firstar ambulances, sustainable vehicles, rolled airbag systems, high risk infection control ambulances are the market-focused category. The company has a presence in the North America, Europe, Asia-Pacific, South America and Middle East and Africa.

• In March 2022, REV Group, Inc. company announced that REV Ambulance delivers all-electric zero-emission ambulance to DocGo. The DocGo delivery and recent orders from American Medical Response and Hamad Medical (Qatar) further demonstrate REV’s leadership in bringing innovative technology to the EMS community

The company has various subsidiaries that are E-One, REV Recreation group, Holiday rembler, Ferrara fire apparatus, REV Parts LLC, Collins Industries among others.

GENERAL ELECTRIC

General Electronic is headquartered in New York, U.S., and was founded in the year 1892. The company is focusing on digitizing healthcare by innovating productivity to improve outcomes for patients, providers, health systems, and researchers around the world. The company offer various products/services in the following product/service categories Equipment, Pharmaceutical imaging agents, healthcare IT, services, accessories, product security portal. equipment, pharmaceutical imaging agents, healthcare IT, services are the market-focused category. The company has presence in North America, Europe, Asia-Pacific, South America and Middle East and Africa.

• In October 2017, General Electric and Sapphire collaborate to operate an emergency medical facility, this collaboration joined forces for a first-of-its-kind initiative, installing an emergency medical centre within the premises of 52.8 MW Sapphire Wind Farm, which has a potential to generate up to 50,000MW of electricity, per the Alternative Energy Development Board (AEDB)

The company has various subsidiaries that are GE Healthcare, GE Aviation, GE Capital, GE Digital, NBC Universal, and LM Wind Power, and GE Research, among others.

Key highlights of this Market report:

• Growth rate
• Remuneration prediction
• Consumption graph
• Market concentration ratio
• Secondary industry competitors
• Competitive structure
• Major restraints
• Market drivers
• Regional bifurcation
• Competitive hierarchy
• Current market tendencies
• Market concentration analysis

What benefits does the DBMR study is going to provide?

• Latest industry influencing trends and development scenario
• Open up New Markets
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments

Table of Contents:

1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Market Regulations
6. Market Overview

Continued…

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Key Benefits of the Report:

• This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
• The current market is quantitatively analyzed to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.

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