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Global Ambulance Services Market is Projected to Reach USD 50,000 Million by 2026

23-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Ambulance Services Market By Mode of Transport (Ground ambulance services, Air Ambulance Services, and Water Ambulance Services), By Equipment (Advance Life Support(ALS), and Basic Life Support(BLS)), and By Emergency type (Emergency, and Non-Emergency): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global ambulance services market in 2019 was above USD 30,000 million. The market is expected to grow above a CAGR of 7.9% and is anticipated to reach over USD 50,000 million by 2026.

Ambulance services are playing an important role in a patient's chances of surviving from severe illness or trauma. The ambulance services offer transport in response to unexpected injury and illness. Ambulance services provide equipment and expertise in emergency assessment, intervention, and management. It also transports patients in various uncontrolled, controlled and disaster environments. Modern ambulance services operate state of the art, 24/7 communication centers with experienced and highly trained call takers, clinicians and dispatchers. This makes them perfectly suited to co-ordinate the unplanned crew requests being placed on the health system. They can manage the response of the health system to guarantee the right medical resources are offered to the patient within the exact timeframe for their medical requirements. There have been considerable advancements inefficiencies of patient flow within the health system owing to the initiatives including web-based patient transfer status boards, electronic booking systems, changing timings of patient movement events and prioritizing patient discharge movements.

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Ambulance services are crucial to the healthcare industry in order to transport seriously injured or ill patients to hospitals. Ambulance services ensure health interventions within a time.  The rising number of the prevalence of chronic illnesses such as cancer and diabetes and the increasing geriatric population will also support the growth of ambulance services. The rising incidence of emergency cases due to diabetes, cancer and heart attacks has become a major factor for accelerating the market for ambulance services. One of the major reasons for the growth of the ambulance services market is the rise in the number of accidents worldwide. However, the imposition of stringent regulation by the Federal Aviation Administration (FAA) for air ambulance service providers may hamper the growth of the ambulance services market. In 2014, the FAA's final rule created stricter equipment and safety regulations for helicopter air ambulance operations. It will have a considerable impact on helicopter air ambulance services. On the other hand, ambulance equipped with advance life support which provides hospital facility can produce attractive opportunities in the market.

By mode of transport segment, the ground ambulance services held the market with more than a share of 80% of the global market, in 2019 and it is expected to grow over the forecast period owing rise in the number of road accidents.

By the equipment segment, the advance life support category headed the market in 2019. It was accounted for more than USD 18,000 million and projected to grow in the future years' attributed raising awareness about life support services and technological advance equipment.

By emergency type, in 2019, the emergency category led the market with a share of the above 75% of the global market, owing to increasing emergency facilities.

By geography, North America is expected to be the fastest-growing market for ambulance services during the years to come attributed to growing needs for healthcare facilities and reimbursement policies. In 2019, North America held the market with more than a share of 60%, of the global market.

Top key players operating in the market are Air Method Corporation, DUTCH HEALTH BV, Falck A/S, London Ambulance Service NHS Trust, Envision Healthcare Corporation, Rural/Metro Corporation, Acadian Ambulance Service Inc., Scandinavian AirAmbulance, Lufttransport AS., and others.

This report segments the ambulance services market as follows:

Global Ambulance Services Market: By Mode of Transport Segmentation Analysis

  • Ground ambulance services
  • Air Ambulance Services
  • Water Ambulance Services

Global Ambulance Services Market: By Equipment Segmentation Analysis

  • Advanced Life Support(ALS)
  • Basic Life Support(BLS)

Global Ambulance Services Market: By Emergency Type Segmentation Analysis

  • Emergency
  • Non-Emergency

Global Ambulance Services Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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