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.
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
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Details
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Report Title
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Ambulance Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2022–2030
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Segmentation
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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)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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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
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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.
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.
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.
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.