Canada Emergency Medical Services Market Key Players, Growth Opportunities, Future Challenges, Application, CAGR, Forecast by 2029

Global 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.

The consistent CANADA EMERGENCY MEDICAL SERVICES report contains a variety of inhibitors as well as driving forces of the market which are analysed in both qualitative and quantitative approach so that readers and users get precise information and insights about ABC industry. In this marketing report, market overview is given in terms of drivers, restraints, opportunities and challenges where each of this parameter is studied scrupulously. This market research report is generated with the best and advanced tools of collecting, recording, estimating and analysing market data. Being a wide-ranging market research report, CANADA EMERGENCY MEDICAL SERVICES report is sure to help grow the business in several ways.

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Canada Emergency Medical Services Market Leading Key Players:

Stryker, Medtronic, Asahi Kasei Corporation, Koninklijke Philips N.V., General Electric Company, Demers Ambulances, Allied Medical Limited, Medline Industries, and Nonin 

The comprehensive CANADA EMERGENCY MEDICAL SERVICES business report provides key statistics on the market status of the global and regional manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The report reveals the nature of demand for the firm’s product to know if the demand for the product is constant or seasonal. With this market survey report not only an unskilful individual but also a professional can easily extrapolate the entire market within a few seconds. TOC, graphs, and tables included in the winning CANADA EMERGENCY MEDICAL SERVICES report helps understand the market size, share, trends, growth drivers and market opportunities and challenges.

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Canada Emergency Medical Services Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:     

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.

INCREASE IN NUMBER OF ACCIDENTS TO PROPEL EMERGENCY MEDICAL SERVICES MARKET

Growing usage of personal and commercial vehicles has led to an increase in accidents. Accidents frequently require urgent hospital admissions for medical care and support. As a result, patients need emergency medical services to get to and from hospitals. Around 1,591 fatal car accidents take place in 2020 in Canada. Among these, almost a third of all fatalities that occur on Canadian roads are a direct result of speeding. Every year the lives of approximately 1.3 million people are cut short as a result of a road traffic crash. Between 20 and 50 million more people suffer non-fatal injuries, thus, surge in number of accidents is anticipated to propel the emergency medical services market growth.

Restraint

HIGH COST OF AIR AMBULANCE MEDICAL SERVICES & REIMBURSEMENT CHALLENGES

Air ambulance emergency medical services are significantly costly than the ground ambulance services. Although some level of coverage is available in air ambulance services in Canada. But due to the under private and government health insurance, the reimbursement rates are significantly low compared to the billing of air or advance ambulatory medical services providers. Medicaid and Medicare cover about 60% and 34% of the average air medical transport cost leaving the patients to bear a huge out of pocket expense in various cases.

Therefore, the high cost of ambulance medical services for Canadian and health care is comparatively expensive and imposes enormous costs on for Canadians in the form of waiting for services, and limited access to physicians and medical technology. This isn’t something any country should consider replicating and reimbursement challenges creates a restrain for the growth of the market in Canada.

Opportunity

RISING PREVALENCE OF TRAUMA INJURIES AND DEMAND OF THEIR QUICK SERVICES IN EMERGENCY SITUATIONS

Emergency departments have become an essential frontline of medicine. The providers treat all the patients suffering from traumatic injuries. From techs, doctors, nurses, secretaries to therapists, every member makes split decisions and helps in patients’ survival. Life and death situations are shared every day in emergency care. Although it is still emerging slowly then also it plays an essential role in our medical world.

Emergency departments are under immense pressure as it is filled with critical cases of the hospital. But despite the situation, it has a significant impact on saving the lives of many people and run hospitals successfully. However, emergency medical services assisting patients who require emergency medical assistance at critical moments helping them to reach the hospital on time thus saving their life. Today, Private and public emergency medical transport services are operating in more numbers, as an inevitable service servicing the critical patients at crucial moments.

Challenge

SHORTAGE OF SKILLED PROFESSIONALS

The shortage of nurses and other unskilled healthcare professionals to operate the medical equipment’s is greater restraint of market, as many hospitals and clinics lack enough human resources. Various types of equipment’s are used in any emergency medical services setups includes ventilators, multipara monitor, foetal monitor, slit lamp, Tonometer, Monitor with defibrillator with external pacing facility. So the nurse or any healthcare professionals must be trained to operate with enough care. For an emergency medical services to be fully functional with the devices that requires superior power source and maintenance which only skilled professionals can enable. But various hospitals in rural areas and developing countries lack the knowledge and unawareness of modernized medical equipment’s thereby the healthcare professionals are not trained or skilled to operate such devices in their hospitals.

Thereby shortage of skilled professionals to operate the emergency medical equipment’s and devices for better outcome becomes a restraint for emergency medical services market.

Post-COVID-19 Impact on Canada Emergency Medical Services market

The COVID-19 outbreak had a drastic effect on Canada emergency medical services market. In Canada, the demand for emergency medical services with life support facilities has increased due to the global spread of the coronavirus pandemic, which is anticipated to grow the medical services market. Medical services such as ambulances care used to detect and prevent major illnesses that are hazardous to life, and they are categorized as either advanced life support with ventilators or basic life support without ventilators. Moreover, governments are also focusing on deploying additional medical services with emergency medical technicians who are suitable for the requirements of the pandemic, which is anticipated to offer profitable prospects for the expansion of the emergency medical services industry. Owing to this affirmative factors demand for emergency medical services. Thus, it is estimated that Canada emergency market anticipated to boom up in the forecasted year.

Industry market players are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple R&D activities and product launch and strategic partnerships to improve the technology and services involved in the emergency medical services market.

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

 

Global Canada Emergency Medical Services Market Scope and Market Size

The Canada Emergency Medical Services Market is segmented into service, logistics, service type, provider and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

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

Canada Emergency Medical Services Market Country Level Analysis

The Canada Emergency Medical Services Market is analyzed and market size insights and trends are provided by country, type, deployment and end user pas referenced above.

The countries covered in the Canada Emergency Medical Services Market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the Canada Emergency Medical Services Market because of the presence of favorable regulatory scenario and high adoption of HCIT solutions within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the presence of a large number of healthcare IT companies in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Table of Content:

Canada Emergency Medical Services Market Introduction

Canada Emergency Medical Services Market Research Scope

Canada Emergency Medical Services Market Segmentation

Canada Emergency Medical Services Market Research Methodology

Canada Emergency Medical Services Market Definitions and Assumptions

Canada Emergency Medical Services Market Executive Summary

Canada Emergency Medical Services Market Dynamics

Canada Emergency Medical Services Market Drivers

Canada Emergency Medical Services Market Restraints

Canada Emergency Medical Services Market Opportunities

Canada Emergency Medical Services Market Key Insights

Canada Emergency Medical Services Market Impact of COVID-19

Canada Emergency Medical Services Market Key Findings / Summary

Continued…

Browse the complete table of contents at Canada Emergency Medical Services Market – https://www.databridgemarketresearch.com/toc/?dbmr=canada-emergency-medical-services-ems-market

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The Canada Emergency Medical Services Market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Canada Emergency Medical Services Market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Canada Emergency Medical Services Market. The data is available for historic period 2010-2020.

Competitive Landscape and Canada Emergency Medical Services Market Share Analysis

The Canada Emergency Medical Services Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Canada Emergency Medical Services Market.

Report Coverage:

Major growth drivers, restraining factors, opportunities, and potential challenges for the market.

Comprehensive insights into the regional developments.

List of major industry players.

Key strategies adopted by the market players.

Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Why buy this report?

The report offers a comprehensive evaluation of the Global & Regional Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.

The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.

The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.

The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

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