According to the latest report by IMARC Group “Ambulance Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global ambulance services market size reached US$ 49.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.89% during 2023-2028.
Ambulance services are emergency medical facilities that are widely used to transport patients that require immediate attention due to medical emergencies. They are ported to the site using specialized vehicles on the ground, air, and water. They are incorporated with instruments for basic life support (BLS) and advanced life support (ALS) for patients. They are also connected with communication and transportation systems, hospitals, trauma centers, specialty care centers, and rehabilitation facilities to offer optimal care to patients. At present, due to the increasing number of hospitals, ambulance services are gaining traction in the healthcare sector across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
At present, the expanding number of chronic medical disorders and viral infections, including cardiac arrest, congestive heart failure, stroke, arthritis, cancer, and coronary artery disease, among the masses represent one of the major factors driving the demand for ambulance services around the world. The increasing aging population, which is more prone to such severe health issues, is also favoring the growth of the market. Moreover, rising incidents of road accidents and natural calamities that require immediate medical attention for both unscheduled and irregular non-emergency and emergency situations are contributing to the market growth. In addition, key players are introducing multi-specialty ambulances that are equipped with advanced tools and equipment to support prompt and high-quality care to patients, which is bolstering the market growth. Leading players are introducing air ambulance services to transport patients with infectious diseases and critical conditions with enhanced convenience, flexibility, and safety for the patient, which is providing a thrust to the market growth.
Apart from this, governing agencies of numerous countries are undertaking initiatives to promote public health, which is impelling the market growth. Along with this, initiatives are undertaken by governments and non-governmental organizations (NGOs) of several countries to make quality healthcare facilities accessible to all, which is influencing the market positively. Furthermore, the growing adoption of mobile applications for online booking of ambulance services for smooth transportation of patients to the nearest cure facility quickly is creating a positive outlook to the market. These mobile applications are incorporated with various advanced technologies, including artificial intelligence (AI), the internet of things (IoT), voice assistants, and a global positioning system (GPS). These advanced solutions help improve the availability and reach of medical facilities to even the most remote locations. This, in turn, is providing lucrative growth opportunities to key players operating in the industry.
Breakup by Transport Vehicle:
- Ground Ambulance
- Air Ambulance
- Water Ambulance
Breakup by Emergency Services:
- Emergency Services
- Non-Emergency Services
Breakup by Equipment:
- Advanced Life Support (ALS) Ambulance Services
- Basic Life Support (BLS) Ambulance Services
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Acadian Ambulance Service Inc.
- Air Methods Corporation
- America Ambulance Services Inc.
- Babcock International Group PLC
- BVG India Limited
- Dutch Health B.V.
- Falck A/S
- Global Medical Response Inc.
- London Ambulance Service NHS Trust
- Medivic Pharmaceutical PVT LTD
- Ziqitza Healthcare Limited.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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