The rising prevalence of chronic disease along with the improving healthcare infrastructure is expected to offer an enormous growth opportunity to the market. Increasing road accidents and rising cases of cardiovascular disorder which require immediate medical attention are also expected to enhance market growth. Favorable reimbursement policies in developed regions, the advent of technologically advanced equipment and rising awareness regarding life support system are also expected to fuel the market demand.
As per the latest report added by Value Market Research, the Global Ambulance Services Market was valued USD 50.3 BN (by revenue) in 2020 and is anticipated to reach USD 79.57 BN by 2030 with a CAGR of 9.5%.
GROUND TRANSPORTATION HELD A MAJOR SHARE IN THE MARKET
Ground transportation is leading the segment since it is the most effective and efficient way to accommodate patients during an emergency. Also, its accessibility and easy availability than other transport system are also expected to propel the segment growth.
ECG IS GAINING TRACTION IN THE MARKET
The growth of this segment can be attributed to the rising prevalence of cardiovascular disorders such as stroke, cardiac arrest, and congestive heart failure. Therefore, the rising number of such cases demand the ECG equipment, which is expected to boost the segment growth.
PUBLIC AMBULANCE SECTOR IS DOMINATING THE SEGMENT
The public segment is accounted for the highest share in the market as it can be reached anywhere during an emergency. It is the most efficient way of transport patients to the hospital and is beneficial for the rural community as well.
EMERGENCY SERVICES LED THE SEGMENT
The emergency segment is dominating the segment and is expected to maintain its dominance over the forecast period. This can be attributed to the rising prevalence of medical conditions which required immediate medical assistance. Also, rising geriatric population base rate along with the advancement in equipment in terms of the life support system is further fueling the segment growth.
NORTH AMERICA IS DOMINATING THE OVERALL MARKET
North America market is currently dominating the global ambulance service market owing to the rising demand for improved healthcare services along with the well-established infrastructure of healthcare. Also, increasing trained personnel and expanded potential pool of patients coupled with the technological advancement in terms of equipment is further accelerating growth in this region.
COMPETITIVE LANDSCAPE
Air Methods Corporation, Envision Healthcare Corporation (AMR), and Falck A/S.
As per this study the Global Ambulance Services Market was valued USD 50.3 BN (by revenue) in 2022 and is anticipated to reach USD 79.57 BN by 2030 with a CAGR of 5.9%.
Ambulance services allow transport injured or ill patient's to-and-from hospitals to ensure timely health check-up and treatment by healthcare professionals. These services are avail by patients directly or by hospitals and other organizations. Pre-hospital patient care, emergency services, rescue services, injured or serious patient treatment services are some of the service offered by ambulance service. Owing to the immediate service it has as a boon in various situations for the injured person across the globe.
Market Dynamics
The rising geriatric population which results in increased incidence of chronic diseases, the entrance of new ambulance service providers, expanding medical tourism industry, and increasing number of road accidents are expected to fuel the market growth. Growing cases of cardiovascular disorder which require immediate medical attention and emergency medical services. Also, increased in technologically advanced equipment along with the rising awareness of the life support system is also expected to augment the market growth over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of ambulance services.
Market Segmentation
The broad ambulance services market has been sub-grouped into transportation, equipment, sector, and services. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Mode of Transport
- Air Ambulance
- Water Ambulance
- Ground Ambulance
By Type of Equipment
- Basic Life Support (BLS)
- Advanced Life Support (ALS)
By Service
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for ambulance services in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Ambulance Services Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the ambulance services market include Acadian Ambulance Service Inc, Badcock International Group plc, BVC India Limited, American Ambulance Service Inc, Air Methods, Aeromedevac. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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