U.S. Emergency Medical Services Products Market Growth & Trends
The U.S. emergency medical services products market size is expected to reach USD 24.49 billion by 2030, registering a CAGR of 9.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Burgeoning demand for emergency care, mounting cases of trauma, and growing healthcare spending are the key factors escalating the growth of the market.
Emergency departments manage patients with medical, obstetric, and surgical emergencies. The department is also equipped to treat injuries, infections, heart attacks, asthma, and acute pregnancy complications. The U.S. has hospital-based emergency departments as well as independent emergency departments that operate outside hospital premises. According to the Centers for Disease Control and Prevention (CDC), 141.4 million patients visited emergency rooms in the U.S. in 2014.
Surging demand in the U.S. for emergency medical services creates a favorable environment for market growth. The Centers for Medicare and Medicaid Services (CMS) has divided emergency departments in the U.S. into two segments: Type A and Type B. Type A functions 24 × 7 and Type B includes emergency departments, which operates during a specified period of time. As per Becker’s Hospital Review, a magazine for hospital business news, in 2016, the number of emergency department visits in the U.S. was 136.3 million. These figures indicate a strong demand for EMS products.
Moreover, in 1986, the government had introduced the Emergency Medical Treatment and Labor Act (EMTALA). As per the law, anyone going to emergency department has to be treated, regardless of their ability to pay or their insurance status. Such laws are improving the accessibility to emergency care, which in turn can propel the market.
U.S. Emergency Medical Services Products Market Report Highlights
Life support & emergency resuscitation products accounted for the largest share in 2022 owing to their requirement in most of the emergency medical cases.
Based on end use, Fire department represented the largest share in 2022 as they are usually the first responders and also attend casualties at accident sites.
The hospitals and trauma centers segment dominated the market with the largest revenue share of 46.8% in 2022, owing to an increase in the number of hospitals in the U.S. in recent years.
U.S. Emergency Medical Services Products Market Segmentation
Grand View Research has segmented the U.S. emergency medical services products market based on product and end-use:
U.S. Emergency Medical Services Products Product Outlook (Revenue, USD Million, 2018–2030)
Life Support & Emergency Resuscitation
Defibrillators
Endotracheal Tubes
Ventilators
Resuscitators
Laryngoscopes
Patient Monitoring Systems
Wound Care Consumables
Dressings & Bandages
Sutures & Staples
Others
Patient Handling Equipment
Medical Beds
Wheelchairs & Scooters
Other Equipment
Infection Control Supplies
Disinfectant & Cleaning Agents
Personal Protection Equipment
Others
Other EMS Products
U.S. Emergency Medical Services Products End-use Outlook (Revenue, USD Million, 2018–2030)
Hospitals & Trauma Centers
Ambulatory Surgical Centers
Others
List Of Key Players Of U.S. Emergency Medical Services Products Market
The U.S. solar PV market size is expected to reach USD 96.6 billion by 2030, expanding at a CAGR of 13.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Reducing prices of solar PV systems has accelerated the adoption of US solar photovoltaic (PV). An increase in government incentives and other financing options is expected to boost the industry’s growth.
The U.S. government has planned to reduce the country’s dependence on conventional energy sources and increase the use of renewable energy sources such as solar, wind, and hydrogen. The government has been constructing utility-scale projects for large-scale power generation.
The utility sector generates large-scale electricity to power entire communities. There have been high amounts of investment from the US government to invest more in utility-scale solar PV projects and phase out coal and gas power generation. Many companies have also started to invest in utility-scale solar to capitalize on the growing market. For instance, In April 2022, Primenergy announced the construction of the largest solar PV plant in the U.S. The project will be located in Nevada and will generate 690MW of electricity. The plant is expected to be operational by 2023.
The increasing demand for Solar PV in the country can be attributed to the decreasing prices of solar PV that are making them more viable. States with high irradiance such as California, Arizona, and Texas are expected to grow at a higher pace owing to the lower return of investment time frame. States such as New York, New Jersey, and Massachusetts are expected to witness growth in the residential segment owing to the higher concentration of people in these states and relatively lower land available for utility projects.
The industry players are focusing on innovation and technological advancements to reduce the cost of solar PV and to make it competitive with traditional power sources such as natural gas and coal. In addition, the market participants are emphasizing practicing several strategic initiatives such as joint ventures, partnerships, mergers & acquisitions, and others to gain a greater foothold in the forthcoming years.
In 2022, utility emerged as the largest segment with a revenue share of 66.68%, owing to the utility segment being the most cost-effective and higher investments from the government and private companies
Texas held a dominant market in 2021 due to a higher irradiance factor of the state and the increasing demand for sustainable energy is expected to boost the growth during the forecast period
New Mexico is estimated to grow at a significant CAGR over the forecast period owing to the lower penetration of renewable energy in the state boosting market demand and the high amount of sunlight in the state
U.S. Solar PV Market Segmentation
Grand View Research has segmented the U.S. Solar PV market based on application & state:
U.S. Solar PV Application Outlook (Volume, MW; Revenue, USD Billion, 2018–2030)
Residential
Non-residential
Utility
U.S. Solar PV State Outlook (Volume, MW; Revenue, USD Billion, 2018–2030)
The U.S. solar films market size is anticipated to reach USD 1,404.52 million by 2030, growing at a CAGR of 6.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The U.S. market has increasing adoption of solar films across various industries and applications, including residential, commercial, and industrial sectors. This expansion is propelled by the growing awareness of renewable energy’s significance in reducing carbon emissions and addressing climate change. In addition, favorable government incentives and policies, such as tax credits and rebates, continue to incentivize solar energy adoption, making solar films an attractive investment. Technological advancements in solar film materials and manufacturing processes have also improved efficiency and reduced costs, making them more accessible to a wider range of consumers. Furthermore, heightened environmental concerns, coupled with the desire to reduce energy costs and enhance energy security, are further propelling the adoption of solar films in the U.S. These factors collectively contribute to the robust and sustainable growth of the market.
Based on type, the encapsulation solar film segment was a highly penetrated segment accounting for over 65% of the U.S. market share in 2022, due to its critical role in safeguarding solar cells from environmental factors. Encapsulation films provide essential protection against moisture ingress and physical damage, ensuring the long-term durability and reliability of solar panels. As the solar industry continues to expand, the demand for high-quality encapsulation materials remains strong, underscoring their significant market presence.
Based on polymer type, the Fluoropolymer segment held over 64% revenue of the U.S. market in 2022, due to its exceptional durability and resistance to environmental stressors. Fluoropolymers, such as polyvinyl fluoride (PVF) and ethylene-tetrafluoroethylene (ETFE), are well-suited for the demanding outdoor environment of solar panels, withstanding prolonged exposure to factors like UV radiation, extreme temperatures, and moisture. This durability ensures the long lifespan and reliability of solar installations, making fluoropolymer-based solar films the preferred choice for maximizing energy generation and ensuring the sustained success of solar projects in the U.S.
Based on thickness, the less than 100 mm segment dominated the market in 2022 with a revenue share of over 45%, due to the practicality and versatility of thinner solar films. These films are lightweight, flexible, and easier to install and integrate into various applications, including building-integrated photovoltaics (BIPV). Their adaptability to different surfaces, such as windows, facades, and roofing materials, allows for seamless integration without compromising the aesthetics or functionality of structures. Thinner films are cost-effective and space-efficient, appealing to both residential and commercial solar projects, where maximizing energy generation and cost savings are paramount.
Clear (Non-reflective) was a highly penetrated film type segment due to its aesthetic appeal and suitability for various applications. Unlike reflective films, clear solar films are designed to maintain the appearance of architectural elements like windows, facades, and building surfaces while harnessing solar energy. This seamless integration into existing structures without altering their visual aesthetics makes clear solar films an attractive choice for building-integrated photovoltaic (BIPV) applications. In addition, they mitigate issues related to glare and light pollution, particularly in urban areas, contributing to their preference for regulatory compliance and community acceptance, further bolstering their dominance in the U.S. market.
Based on type, the encapsulation film segment held the largest revenue share of over 65% in 2023, due to its crucial role in protecting solar cells from environmental factors, ensuring the long-term durability and reliability of solar panels. Encapsulation films safeguard against moisture ingress and physical damage, making them an essential component in solar installations
Based on polymer type, the fluoropolymer film segment held over 64% revenue share in 2023, due to the exceptional durability and resistance to environmental stressors offered by fluoropolymers, making them well-suited for the demanding outdoor environment of solar panels
Based on thickness, the less than 100 mm segment held over 45% revenue share in 2023, due to the practicality and versatility of thinner solar films, which are lightweight, flexible, and cost-effective, making them a preferred choice for a wide range of solar applications
Based on film type, the clear (Non-reflective) segment held over 30% revenue share in 2023, due to its ability to seamlessly integrate into architectural elements while minimizing glare and maintaining aesthetic appeal, making it an ideal choice for building-integrated photovoltaic (BIPV) applications and urban environments
In terms of application, the construction industry segment held over 56% revenue share in 2023, and the segment growth is driven by the construction industry’s growing focus on sustainability and energy efficiency. Solar films offer a versatile and cost-effective solution for energy generation and aesthetic enhancement, aligning with these industry priorities
Based on end-use, the commercial segment held over 39% revenue share in 2023, and the segment growth is driven by the commercial sector’s increasing emphasis on sustainability, energy efficiency, and long-term cost savings. Solar films offer a practical and eco-friendly solution for businesses to achieve these goals while generating clean, renewable energy
In June 2023, First Solar launched the world’s first advanced thin-film semiconductor bifacial solar panel, initiating a limited production run. This pioneering technology will be showcased at Intersolar Europe in Munich, Germany, through the pre-commercial Series 6 Plus Bifacial solar module.
U.S. Solar Films Market Segmentation
Grand View Research has segmented the U.S. solar films market on the basis of type, polymer type, thickness, film type, application, and end-use:
U.S. Solar Films Type Outlook (Volume, Million Square Meter; Revenue, USD Million, 2018–2030)
Frontsheet
Backsheet
Encapsulation
U.S. Solar Films Polymer Type Outlook (Volume, Million Square Meter; Revenue, USD Million, 2018–2030)
Fluoropolymer
Non-fluoropolymer
U.S. Solar Films Thickness Outlook (Volume, Million Square Meter; Revenue, USD Million, 2018–2030)
Less than 100 mm
100 mm to 500 mm
More than 500 mm
U.S. Solar Films Film Type Outlook (Volume, Million Square Meter; Revenue, USD Million, 2018–2030)
Clear (Non-reflective)
Dyed (Non-reflective)
Vacuum coated (Reflective)
High-performance Films
Others
U.S. Solar Films Application Outlook (Volume, Million Square Meter; Revenue, USD Million, 2018–2030)
Construction
Automotive
Marine
Others
U.S. Solar Films End-use Outlook (Volume, Million Square Meter; Revenue, USD Million, 2018–2030)
