Ambulance Services Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Global ambulance services market is expected to register a CAGR of around 8% over the period of 2021-2027. This is mainly due to the rise in the incidence of traumatic accidents, an increase in the number of people suffering from various chronic diseases, a growing volume of patient data, technological advancements, coupled with the growth in the geriatric population, and the stringent government regulations coupled with the growing focus of major stakeholders in the healthcare industry to adopt to make products and services more sustainable and eco-friendlier in healthcare further supports the growth of this market. For instance, an estimated 1.2 million people are killed in road accidents every year, and an estimated 50 million are injured, receiving 30 to 70% of bone marrow transplants in developing countries. Thus, with the growing incidence of road accidents, disorders, and stroke, the demand for ambulance services will increase, thereby driving the ambulance services market. Moreover, growing demand for quality healthcare services, and well-established healthcare infrastructure. Therefore, the market for ambulance services is expected to witness significant growth during the forecast period.

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 According to UnivDatos Market Insights (UMI)’ research report “global ambulance services market”, the market is expected to witness a growth of around 8% during the forecast period 2021-2027. This is mainly due to the increasing geriatric population coupled with rising chronic disorders and traumatic accidents, stepping growth on the support of extensive use of ambulance services for identifying and managing medical equipment and medical staff that offer medical care in flight, while non-medically equipped and staffed aircraft that are growing at an alarming rate. For instance, In April 2019, Air Methods announced the expansion of its partnership with Anthem Blue Cross and Blue Shield. The company’s services may be part of its in-network health coverage benefits in six states in the United States. Under the terms of the partnership, Anthem-affiliated health plan members in California, Georgia, Nevada, Colorado, Virginia, and New York may receive Air Methods’ critical care air services at discounted in-network rates. Air ambulances are ambulance services that are vital for transportation in case of medical emergencies. Air ambulances are armed to assist in transporting patients and organs. These services offer various benefits, such as convenience, flexibility, and safety. Therefore, the market for ambulance services is expected to witness a significant CAGR of 8% during the forecast period.

Based on the services, the market is classified into emergency medical services and non-emergency medical services. The emergency medical services segment is expected to witness the highest CAGR during the forecast period. This is mainly due to the prevalence of cardiovascular disorders such as cardiac arrest, heart failure, stroke, and increased cases of coronavirus pandemics all over the world are all contributing to the expansion of the emergency services segment is expected to grow the market during the forecast period.

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Based on payer, the market is categorized into public, private, and out-of-pocket. Among these, the private payer segment is expected to witness the highest CAGR during the forecast period. The private payer is attributed to the growing popularity of ambulance services coupled with the various initiatives to deliver efficient ambulance services at a certain price. Private payers offer numerous types of plans to meet the basic standards specifically set by the government. The payers from the ambulance services market are anticipated to have lucrative growth opportunities in the future with the rising demand for the ambulance services market in the global market.

North America to witness extensive growth

For a better understanding of the market adoption of the Ambulance services industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. North America is expected to witness the highest CAGR during the forecast period on account of the growing incidence of chronic diseases coupled with the geriatric population, and rising burn-in countries like the U.S. and Canada. The rising clinical research activity and new product launches, easy accessibility to advanced technologies, government initiatives for healthcare services, and favorable reimbursement scenario for ambulance services diagnostic tests, owing to the presence of well-established market players and frequent service launches in the region. For instance, according to U.S. Fire Administration, in the U.S. around 1.29 million burn injuries took place in the year 2019. Similarly, according to the Joye Law Firm, on an average, about 450,000 burn injuries are registered in the U.S. alone. Furthermore, the increased consumer awareness regarding the availability of various ambulance services and treatments will drive market growth.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Ambulance services market are Acadian Ambulance Service, Inc., Air Methods Corporation, AirMed International LLC, American Medical Response, Babcock Scandinavian AirAmbulance, BVG India Ltd., European Air Ambulance, Express Air Medical Transport, LLC, Falck Danmark A/S, Global Medical Response are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Ambulance Services Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

1.     By Mode of transportation (Air Ambulance, Ground Ambulance, and Water Ambulance)

2.     By Services (Emergency Medical Services and Non-Emergency Medical Services)

3.     By Equipment (Basic Life Support (BLS), Advanced Life Support (ALS))

4.     By Payer (Public, Private, and Out-Of-Pocket)

5.     By End User (Hospitals, Nursing homes, Home Healthcare Settings, and Others)

6.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

7.     By Company (Acadian Ambulance Service, Inc., Air Methods Corporation, AirMed International LLC, American Medical Response, Babcock Scandinavian AirAmbulance, BVG India Ltd., European Air Ambulance, Express Air Medical Transport, LLC, Falck Danmark A/S, Global Medical Response)

Key questions answered in the study:

1.     What are the current and future trends of the global Ambulance services industry?

2.     How the industry has been evolving in terms of technology and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global Ambulance services industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global Ambulance services suppliers across various region and countries? 

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL AMBULANCE SERVICES MARKET COVID-19 IMPACT

6 GLOBAL AMBULANCE SERVICES MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY MODE OF TRANSPORTATION

8 MARKET INSIGHTS BY SERVICES

9 MARKET INSIGHTS BY EQUIPMENT

10 MARKET INSIGHTS BY PAYER

11 MARKET INSIGHTS BY END USER

12 MARKET INSIGHTS BY REGION

13 AMBULANCE SERVICES MARKET DYNAMICS

14 AMBULANCE SERVICES MARKET OPPORTUNITIES

15 AMBULANCE SERVICES MARKET TRENDS

16 POLICY & REGULATORY FRAMEWORK

17 DEMAND AND SUPPLY-SIDE ANALYSIS

18 VALUE CHAIN ANALYSIS

19 COMPETITIVE SCENARIO

20 COMPANY PROFILED

21 DISCLAIMER 

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