Ambulance Services Market Analysis Report By Transport Vehicle, By Emergency Services, By Equipment, By Region And Segment Forecasts From 2021 To 2028

Synopsis

With reference to the report published, the global ambulance services market was prized by USD 32.2 billion in 2020. It is estimated to witness a 9.6% CAGR from 2021 to 2028.

Drivers

Due to a rising number of road mishaps, increasing geriatric populace, expanding medical tourism, and positive compensation strategy, the demand for ambulance services is growing.

Cardiovascular Diseases (CVDs) such as coronary artery disease, congestive heart failure, stroke, and cardiac arrest, necessitate urgent site checkup services and instant medicinal attention. Cardiovascular Diseases (CVDs) are one of the principal reasons for fatality in the world. Normally, it needs instantaneous medicinal attention. That intensifies the call for ambulance services. Hence, the increasing occurrences of cardiovascular sicknesses are estimated to boost the expansion of the market for ambulance services.

The existence of a huge population, having age above 60 years, normally possesses a lesser resistance level and is inclined to spinal injuries, neurological ailment, and cardiac troubles. These are the important influential factors for the enlargement of the market during the forecast period.

By the reason of improvement in healthcare infrastructure plus the superior repayment strategy, medical tourism is increasing. Usually, the citizens of developed nations think about medical tourism, when the price of the treatment is relatively on the higher side, in their own nation.

The leading medical tourism destinations are Thailand, Mexico, Malaysia, Israel, Costa Rica, the U.S., South Korea, Taiwan, Singapore, Turkey, and India. Consequently, because of the augmentation of medical tourism, ambulance services are possibly essential in the tour destinations, to carry the patients to their place of treatment. This is estimated to increase the expansion of the market.

Effect of Covid-19

Due to the increasing infection of Covid-19, the fear about the scarcity of necessary life-saving apparatuses, as well as additional crucial remedial provisions, so as to avert the distribution of this pandemic, as well as offer the best possible care to the infected patients moreover broadens. The ventilators perform such as the fundamental preference of the treatment for the Covid-19 patients, those might need essential treatment. Furthermore, there is an earnest requirement for speeding up the procedure of manufacturing a variety of test kits.

Emergency Services Insight

In 2020, the emergency services sector held the major revenue share of 61.5% and ruled the ambulance services market. The sector is expected to observe a significant development percentage, during the forecast period. The enlargement of the emergency services sector can be credited to the occurrence of cardiovascular sickness, for example, congestive heart failure, cardiac arrest, stroke, as well as the globally increasing COVID-19 cases.

Emergency ambulance services are given to those patients having a severe illness or injury and to the persons, who are in critical necessity of medicinal attention. The emergency ambulance services are ready with Emergency Medical Technicians (EMT), ALS, paramedics, and ALS. Intended for calling the emergency ambulance services at the accident site, each country has its own emergency numbers. These numbers are 108 in India, 911 in the U.S., and 999 in the U.K. The emergency ambulance services offer on-site healthcare along with medicinal treatment to the patient and carry them to the healthcare amenities.

Transport Vehicle Insight

The ground ambulance section held the biggest revenue share of 49.5% in 2020 and dominated the ambulance services market. Ground ambulances consist of all-terrain vehicles, motorcycles, pickup trucks or vans, buses, bicycles, and SUVs/cars. There are four categories of ambulances available in the U.S. These are Type I, Type II, Type III, and Type IV.

The air ambulance sector is expected to observe the highest development percentage, throughout the forecast period. Air ambulance services make use of various aircraft. It includes fixed-wing aircraft, as well as rotary wing aircraft i.e. helicopters, for the transportation of the patients from the location of the accident to the healthcare amenities. Normally, these services are utilized to rescue plus evacuate seriously injured or ailing patients. These services are rarely utilized for the transportation of patients from healthcare amenities or hospitals.

Equipment Insight

The Advanced Life Support (ALS) ambulance services division, retained the principal revenue share of 67.5% in 2020 and dominated the ambulance services market. The division is expected to observe the highest enlargement speed, during the forecast period. Due to the rise in scientifically superior apparatuses along with the qualified workforce, greater occurrences of cardiovascular complaints, and increasing consciousness regarding life support services, the division is estimated to observe fast expansion.

Advanced Life Support (ALS) is the subsequent stage of emergency care services. It comprises an arrangement of life-saving ability and the procedure. Advanced Life Support (ALS) ambulances are ready by means of BLS equipment, medicine & pre-loaded needles, large-bore needle, nebulizer, vascular access equipment, Glucometer, and equipment for cardiac arrest treatment.

Regional Insight

The Asia Pacific market for ambulance services is estimated to observe the highest enlargement, during the forecast period. Enormously available market prospective, enhancement in the healthcare services, and growth in the number of mishaps on the road are a few factors, expected to impel the enlargement of the market, within the region. Besides, the injury caused by the traffic on road needs emergency medical service (EMS). This is expected to push the expansion of the market for ambulance services, in the Asia Pacific.

The growing investment is done by the governments, for the improvement of the healthcare infrastructure. It possibly will increase the affordability and the convenience of the healthcare facilities, within this region.

In 2020, North America held the biggest revenue share of 47.9% and dominated the global ambulance services market. The region is estimated to observe a 10.0% CAGR for the period of the forecast. The encouraging compensation procedures and regulatory improvements in the healthcare division, entrenched healthcare infrastructure, increasing demand for high-class healthcare amenities, and the existence of some important companies in this region, are some of the factors, which can be credited to the development of the region.

The stress of the U.S. healthcare system on the excellence of the treatment and usefulness of the services has made possible the expansion of the market. Additionally, the appearance of community Paramedicine in North America has, furthermore, added to the outsized market scope of this region.

The community Para medicine permits the providers of Emergency Medical Services (EMS), who present a range of services, together with precautionary as well as initial treatment, to operate exterior to their habitual disaster reaction and transportation responsibility. The beginning of such new conception and increasing customer, insist for the enhanced services within this region, which have pushed the development of the market in North America.

Companies

The major companies are concerned about the implementation of the policies like mergers & acquisitions, joint ventures, along the induction of innovative products, to make stronger their grip, in the market. Additionally, these companies are significantly funding for the research and development activities to invent technically advanced products.

Some of the companies for ambulance services market are:

    • Ziqitza Healthcare Limited
    • AIR MEDICAL GROUP HOLDINGS, INC. (AMGH)
    • America Ambulance Services, Inc.
    • Acadian Ambulance Service
    • Envision Healthcare
    • MEDIVIC AVIATION
    • Air Methods Corporation
    • Falck Denmark A/S
    • BVG India Limited
    • London Ambulance Service NHS Trust

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Million Insights has segmented the global ambulance services market report on the basis of transport vehicle, emergency services, equipment, and region:

• Transport Vehicle Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)
    • Ground Ambulance
    • Air Ambulance
    • Water Ambulance

• Emergency Services Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)
    • Emergency Services
    • Non-emergency Services

• Equipment Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)
    • Advanced Life Support (ALS) Ambulance Services
    • Basic Life Support (BLS) Ambulance Services

• Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
    • The Asia Pacific
        • Japan
        • China
        • India
        • Australia
        • South Korea
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa
        • Saudi Arabia