Global Ambulance Services Market

Ambulance Services Market

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Author :

Raksha Sharma

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Vineet Pandey

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Vishal Golekar

The global ambulance services market size was valued at around USD 42.3 billion in 2021 and is expected to reach USD 95 billion by 2030, expanding at a CAGR of around 9.8% during the forecast period, 2022 – 2030. The growth of the market is attributed to the increasing number of people suffering from chronic diseases and the growing geriatric population.

Global Ambulance Services Market Outlook

The word ambulance is derived from the Latin word ambulare, which means to walk or to move about. Ambulances were first used by armed forces in Spain during the siege of Málaga in 1487 as an emergency transport. An ambulance refers to a vehicle outfitted with medical devices, which transports patients in need of urgent medical attention to treatment facilities such as hospitals.

Ambulance services, also referred to as emergency medical services or paramedic services, are transport services that provide emergency treatments and stabilization for serious injuries and illness, before transporting patients to healthcare facilities such as hospitals. Ambulance services are usually summoned by contacting an emergency telephone number. The emergency telephone number connects to an ambulance service facility, which then dispatches an ambulance to assist a patient in need of urgent medical care. Ambulance services operate rescue squads and non-emergency patient transport as well. They are equipped with sirens and flashing lights to aid them in navigating through traffic to reach the patients in time. Ambulance services played a major role in the COVID-19 pandemic situation, due to the rising number of patients in need for emergency medical assistance

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing number of road accidents is expected to drive the market during the forecast period.
  • Growing medical tourism in developing countries boosts the market.
  • Rising number of chronic diseases is estimated to fuel the market in the coming years.
  • Increasing geriatric population across the globe spur the market.
  • Favorable insurance policies for patients increase the demand for ambulance services, which drives the market.
  • Lack of trained medical staff and shortage of ambulances are anticipated to hinder the growth of the market during the forecast period.
  • Rising demand for highly equipped ambulances offers growth opportunities for the market players.

Scope of the Report

The report on the global ambulance services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Ambulance Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Types (Emergency Services and Non-emergency Services), Modes of Transport (Ground Ambulance, Air Ambulance, and Water Ambulance), Equipment (Basic Life Support Ambulance Services and Advanced Life Support Ambulance Services), and End-users (Hospitals, Home Healthcare, Nursing Homes, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

BVG India Limited; Envision Healthcare Corporation; Medivic Pharmaceutical Pvt., Ltd.; Ziqitza HealthCare Limited; Falck A/S; Acadian Ambulance Service; Babcock International Group PLC; American Ambulance Service, Inc.; Harmonie Ambulance; Air Methods Corporation; Advatech Healthcare Europe; and Others

Market Segment Insights

Emergency services segment dominates the market

Based on types, the market is bifurcated into emergency services and non-emergency services. The emergency services segment registered a large revenue share in 2021. The segment is expected to hold a key share in the market during the forecast period, owing to the growing prevalence of cardiovascular diseases such as stroke, cardiac arrest, congestive heart failure, and others. Rising cases of COVID-19 cases and the growing geriatric population around the globe aid in the expansion of the segment.

Global Ambulance Services Market by Types

Air ambulance segment holds a significant market share

In terms of modes of transport, the market is divided into ground ambulance, air ambulance, and water ambulance. The air ambulance segment is anticipated to register a high CAGR during the forecast period, due to the flexibility, convenience, and safety of the air ambulances. The increasing burden of chronic diseases and other emergencies boosts the air ambulance segment. In September 2020, the International Critical Air Transfer Team (ICATT) and Kyathi, an India-based aviation technology firm, launched the first air ambulance services in the country in Karnataka, India. The ground ambulance segment is projected to hold a significant market share during the forecast period, as ground ambulances are cost-effective, accessible, available, and a common mode of transporting patients.

Advanced life support ambulance services segment holds a key market share

On the basis of equipment, the market is segregated into basic life support ambulance services and advanced life support ambulance services. The advanced life support ambulance services segment is estimated to dominate the market during the forecast period, due to the rising number of people suffering from cardiac arrest. Patients suffering from COVID-19 need continuous access to ventilators. Patients suffering from chronic diseases need continuous cardiac monitoring. The advanced life support ambulance services provide cardiac monitoring and ventilator support, which aid in the expansion of the segment. The basic life support ambulance services segment is anticipated to register a significant CAGR in the coming years, due to the increasing number of people suffering from acute illnesses such as bronchitis, heart attacks, asthma attacks, pneumonia, and others.

Global Ambulance Services Market by Equipment

Nursing homes segment registers a significant CAGR

In terms of end-users, the market is divided into hospitals, home healthcare, nursing homes, and others. The nursing homes segment accounted for more than 11% of the market share in 2019. The segment is estimated to expand at a rapid pace during the forecast period, due to the rising geriatric population and increasing healthcare expenditure for nursing homes in developing countries.

North America dominates the market

Based on regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to register a high CAGR during the forecast period, due to the increasing presence of several key players in the region. Growing improved healthcare infrastructures, rising demand for quality healthcare, and favorable insurance policies in the region. The market in Asia Pacific is anticipated to register a 4% of CAGR during the forecast period, owing to the increasing prevalence of chronic diseases in countries such as China and India.

Global Ambulance Services Market by Regions

Segments

The global ambulance services market has been segmented on the basis of

Types
  • Emergency Services
  • Non-emergency Services
Modes of Transport
  • Ground Ambulance
  • Air Ambulance
  • Water Ambulance
Equipment
  • Basic Life Support Ambulance Services
  • Advanced Life Support Ambulance Services
End-users
  • Hospitals
  • Home Healthcare
  • Nursing Homes
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • BVG India Limited
  • Envision Healthcare Corporation
  • Medivic Pharmaceutical Pvt., Ltd.
  • Ziqitza HealthCare Limited
  • Falck A/S
  • Acadian Ambulance Service
  • Babcock International Group PLC
  • American Ambulance Service, Inc.
  • Harmonie Ambulance
  • Air Methods Corporation
  • Advatech Healthcare Europe
  • Others

Competitive Landscape

The global ambulance services market is fragmented with the presence of key players such as BVG India Limited; Envision Healthcare Corporation; Medivic Pharmaceutical Pvt., Ltd.; Ziqitza HealthCare Limited; Falck A/S; Acadian Ambulance Service; Babcock International Group PLC; American Ambulance Service, Inc.; Harmonie Ambulance; Air Methods Corporation; Advatech Healthcare Europe; and others. They use strategies such as mergers, partnerships, acquisitions, collaborations, and product launches to strengthen their hold on the market. For example, in October 2020, Advatech Healthcare Europe, a London-based healthcare facilitator and medical transporter, launched HIPPO Mobility, which is a technology-driven and cost-effective transportation service for elderly, disabled, and non-emergency patients. In April 2021, Babcock International Group PLC was awarded a contract to provide jet air ambulance service to the rescEU scheme, in which the company will provide aircraft maintenance, personnel training, and jet air ambulance services across the European Union.

Global Ambulance Services Market by Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ambulance Services Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Ambulance Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ambulance Services Market - Supply Chain
  4.5. Global Ambulance Services Market Forecast
     4.5.1. Ambulance Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ambulance Services Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Ambulance Services Market Absolute $ Opportunity
5. Global Ambulance Services Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Ambulance Services Market Size and Volume Forecast by Types
     5.3.1. Emergency Services
     5.3.2. Non-emergency Services
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Ambulance Services Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Ambulance Services Market Size and Volume Forecast by End Users
     6.3.1. Hospitals
     6.3.2. Home Healthcare
     6.3.3. Nursing Homes
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Ambulance Services Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Ambulance Services Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Ambulance Services Demand Share Forecast, 2019-2026
8. North America Ambulance Services Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Ambulance Services Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Ambulance Services Market Size and Volume Forecast by Types
     8.4.1. Emergency Services
     8.4.2. Non-emergency Services
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Ambulance Services Market Size and Volume Forecast by End Users
     8.7.1. Hospitals
     8.7.2. Home Healthcare
     8.7.3. Nursing Homes
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Ambulance Services Demand Share Forecast, 2019-2026
9. Latin America Ambulance Services Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Ambulance Services Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Ambulance Services Market Size and Volume Forecast by Types
     9.4.1. Emergency Services
     9.4.2. Non-emergency Services
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Ambulance Services Market Size and Volume Forecast by End Users
     9.7.1. Hospitals
     9.7.2. Home Healthcare
     9.7.3. Nursing Homes
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Ambulance Services Demand Share Forecast, 2019-2026
10. Europe Ambulance Services Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Ambulance Services Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Ambulance Services Market Size and Volume Forecast by Types
     10.4.1. Emergency Services
     10.4.2. Non-emergency Services
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Ambulance Services Market Size and Volume Forecast by End Users
     10.7.1. Hospitals
     10.7.2. Home Healthcare
     10.7.3. Nursing Homes
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Ambulance Services Demand Share Forecast, 2019-2026
11. Asia Pacific Ambulance Services Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Ambulance Services Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Ambulance Services Market Size and Volume Forecast by Types
     11.4.1. Emergency Services
     11.4.2. Non-emergency Services
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Ambulance Services Market Size and Volume Forecast by End Users
     11.7.1. Hospitals
     11.7.2. Home Healthcare
     11.7.3. Nursing Homes
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Ambulance Services Demand Share Forecast, 2019-2026
12. Middle East & Africa Ambulance Services Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Ambulance Services Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Ambulance Services Market Size and Volume Forecast by Types
     12.4.1. Emergency Services
     12.4.2. Non-emergency Services
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Ambulance Services Market Size and Volume Forecast by End Users
     12.7.1. Hospitals
     12.7.2. Home Healthcare
     12.7.3. Nursing Homes
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Ambulance Services Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Ambulance Services Market: Market Share Analysis
  13.2. Ambulance Services Distributors and Customers
  13.3. Ambulance Services Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. BVG India Limited
     13.4.2. Envision Healthcare Corporation
     13.4.3. Medivic Pharmaceutical Pvt., Ltd.
     13.4.4. Ziqitza HealthCare Limited
     13.4.5. Falck A/S
     13.4.6. Acadian Ambulance Service
     13.4.7. Babcock International Group PLC
     13.4.8. American Ambulance Service, Inc.
     13.4.9. Harmonie Ambulance
     13.4.10. Air Methods Corporation

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FAQ Section

Some frequently asked questions about this report!

BVG India Limited; Envision Healthcare Corporation; Medivic Pharmaceutical Pvt., Ltd.; Ziqitza HealthCare Limited; Falck A/S; Acadian Ambulance Service; and Babcock International Group PLC are some of the key players in the global ambulance services market.

North America dominates the global ambulance services market.

An ambulance refers to a vehicle equipped with medical devices, which transports patients from their houses to treatment facilities such as hospitals.

The global ambulance services market size was valued at around USD 42.3 billion in 2021 and is anticipated to reach around USD 95 billion by 2030.

The global ambulance services market is estimated to register a CAGR of around 9.8% during the forecast period.