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Industry Developments
In recent months, the US Emergency Medical Device Services Market has witnessed significant developments, particularly with the advancements in technology and increased demand for telemedicine solutions. Companies like Medtronic and Siemens Healthineers are focusing on enhancing their product offerings, which has driven growth in market valuations. In a notable merger, Cardinal Health announced its acquisition of a smaller medical device firm in July 2023, strengthening its position in the market. Additionally, Boston Scientific and Abbott Laboratories have been actively engaging in partnerships aimed at innovation in cardiovascular devices, responding to the growing need for emergency care solutions. The surge in demand for life-saving devices during healthcare emergencies, coupled with advancements in manufacturing processes, has also affected various companies positively, including GE Healthcare and Baxter International. Over the past two to three years, regulatory bodies like the FDA have made strides in expediting the approval processes for emergency medical devices, which has supported quicker entry into the market. As a result of these developments, the market is poised for continued growth, fostering a competitive environment among key players such as Johnson Johnson, Zoll Medical, and Terumo.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 12.43(USD Billion) |
| MARKET SIZE 2024 | 13.05(USD Billion) |
| MARKET SIZE 2035 | 24.72(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.09% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Baxter International, Medtronic, Smith and Nephew, Philips, Boston Scientific, Johnson and Johnson, Siemens Healthineers, Terumo, Cardinal Health, GE Healthcare, Abbot Laboratories, Stryker, Fresenius Medical Care, Zoll Medical, Roche |
| SEGMENTS COVERED | Emergency Medical Services End User Outlook, Emergency Medical Services Application Outlook |
| KEY MARKET OPPORTUNITIES | Telemedicine integration, AI-driven diagnostics, Mobile medical unit expansion, Enhanced data analytics, Wearable health technology |
| KEY MARKET DYNAMICS | Growing aging population, Technological advancements, Increasing incidence of emergencies, Rising healthcare expenditure, Regulatory challenges |
| COUNTRIES COVERED | US |
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FAQs
What is the projected market value of the US Emergency Medical Device Services Market in 2024?
The US Emergency Medical Device Services Market is expected to be valued at 13.05 billion USD in 2024.
What will be the market size of the US Emergency Medical Device Services Market by 2035?
By 2035, the market size is projected to reach 24.72 billion USD.
What is the expected compound annual growth rate (CAGR) for the US Emergency Medical Device Services Market from 2025 to 2035?
The market is expected to grow at a CAGR of 6.09 percent from 2025 to 2035.
Which segment of the market holds a larger value: Hospitals & Trauma Centers or Ambulatory Surgical Centers in 2024?
In 2024, the Hospitals & Trauma Centers segment is valued at 6.5 billion USD, while Ambulatory Surgical Centers is valued at 6.55 billion USD.
What will be the market value for Hospitals & Trauma Centers in 2035?
The market value for Hospitals & Trauma Centers is projected to be 12.4 billion USD by 2035.
What is the expected market value for Ambulatory Surgical Centers by 2035?
Ambulatory Surgical Centers are expected to reach a market value of 12.32 billion USD by 2035.
Who are the major players in the US Emergency Medical Device Services Market?
Key players in the market include Baxter International, Medtronic, Philips, Boston Scientific, and Johnson & Johnson.
What are the primary applications driving the growth of the US Emergency Medical Device Services Market?
The primary applications driving growth include services related to hospitals, trauma centers, and ambulatory surgical centers.
How does the US Emergency Medical Device Services Market growth rate compare across different user segments?
The growth rate varies, but Hospitals & Trauma Centers and Ambulatory Surgical Centers are both critical segments contributing to the overall market growth.
What are the opportunities for innovation within the US Emergency Medical Device Services Market?
Opportunities for innovation include advanced medical technologies, improved service delivery models, and enhanced emergency response solutions.
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