Global Ambulance Services Market expects CAGR of 7.5% during 2019-2025
Posted On June 24, 2019
Value Market Research, has recently conducted a study on the Global Ambulance Services Market based on certain sets of methodologies and facts. The report consists of micro and macro-economic factors which directly or indirectly shape the industry structure. The Global Ambulance Services Market was valued USD 28.5 BN (by revenue) in 2018 and is anticipated to reach USD 47 BN by 2025 with a CAGR of 7.5%. Ambulance services are a branch of emergency services that deliver out-of-hospital acute medical care or transport the patient to the emergency care unit. This is mostly similar to casualty at hospitals and it also encompasses services to transport patients from one medical facility to another. Ambulance service incorporates all the equipment or devices that are essential for providing temporary treatment during an emergency. Advancement in medical care and technology has expanded the parameter of the domain of emergency services over the last few decades.
Increase in morbidity rates, birth rate, and emergency medical events drive the demand for ambulance services. The rising number of baby boomers who are more likely to require emergency services along with the growing number of chronic disease which can lead to emergency circumstances if not treated well is again expected to favor market expansion. Additionally, advancement in emergency care services and technology has raised the number of ambulances services which is expected to pose opportunity over the forecast period.
The report "Global Ambulance Services Market Report By Transportation (Ground, Air, And Water), Equipment (ECG, Point Of Care, And Others), Sector (Private And Public), Services (Emergency And Non-Emergency) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2025" include impact, forecast, important information associated with the market, segmentation, top regions, and key vendors.
The market has been segmented based on transportation, equipment, sector, services, and region. Based on transportation, the market has been classified into ground, air, and water. A ground ambulance is accounted for the highest share in the market owing to its effectiveness and is the most common services which can be easily accessible. Based on equipment the market has been segregated into ECG, point of care, and others. Out of which, ECG is gaining high traction in the market owing to the rising number of cardiovascular and respiratory disorder. Based on the sector, the market has been categorized into private and public. The public sector is dominating the segment as it is the most efficient way of moving patients to the emergency care unit. Based on services the market has been bifurcated into emergency and non-emergency. The emergency segment held the largest share and are expected to maintain its leading position over the forecast period. The growth of this segment can be attributed to the rising cases of chronic disease and emergency cases which need immediate treatment. Regional segmentation covers North America, Europe, Asia-pacific, Latin America, the Middle East, and Africa. Currently, North America is dominating the overall market owing to presence of well-established healthcare infrastructure along with the rising investment by regulatory bodies in order to enhance the quality of healthcare services.
The Report Segments Global Ambulance Services Market -
Middle East & Africa
Players Profiled in the Report:
Air Methods Corporation, Envision Healthcare Corporation (AMR), and Falck A/S.
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