Research and Markets has announced the addition of Frost & Sullivan's new report, Global EMS Provider Market for the Medical Device Industry, to their offerings.

This report provides an overview of transitioning demands and original equipment requirements for the medical industry. The study covers diversification strategies, analysis of new growth opportunities, product and geographic wise analysis, market dynamics, key selection criteria and competitive trends affecting growth strategies for the EMS markets in healthcare. In this research, Frost & Sullivan's analysts thoroughly examine the cardiovascular, imaging, endoscopes, patient monitoring, infusion systems, audiology, respiratory and anesthetic device sectors.

Market Overview

The escalating demand for healthcare devices, high prevalence of chronic diseases and the demographics of global ageing are factors propelling demand in the EMS provider market for the medical device industry. As medical OEMs intensify efforts to create new technologies and next generation devices, they are more open to the idea of outsourcing to EMS providers. This has triggered a wave of opportunities, especially in the diagnostic, patient monitoring and home care device segments, for EMS providers.

"As the relationship between OEM and EMS providers continues to evolve, the latter is taking charge and increasing service offerings to their customers," notes the analyst of this research service. "EMS providers' services include design, testing, new product introduction, manufacturing, assembly, distribution, logistics and aftermarket services."

The medical industry is growing at rapid speed and demand from orthopedics, cardiovascular, neurology, consumer medical devices, single use devices, optics, respiratory, patient monitoring systems, diagnostic devices and sensors markets is continuing on an upward trajectory. This has served to stimulate EMS participation within the medical industry, and penetration levels are likely to climb from 11 to 13% in the foreseeable future. With opportunities steadily narrowing in traditional markets, EMS providers are beginning to diversify into the medical industry. Despite the fact that penetration levels are lower than other EMS markets right now, the higher margins offered in this arena will ensure that this sector remains a high focus market for EMS providers.

OEMs are seeking greater agility and smarter strategies to circumvent disparities between maturing and evolving medical device sectors. "EMS providers are gaining steady traction within the medical industry and the OEM trust factor continues to increase," observes the analyst. "OEMs have become aware of the competitive edge EMS providers can bring, especially in a market scenario overshadowed by increasing price pressures and lowering profit margins; this has opened up new avenues for EMS providers."