SAN FRANCISCO, June 1, 2022 /PRNewswire/ — The global ambulance services market size is expected to reach USD 82.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.8% from 2022 to 2030. Rising cases of chronic disorders such as cardiovascular disorders, an increase in the global geriatric population, and rising cases of traumatic accidents are expected to be the key driving factors for the market.
Key Insights & Findings from the report:
On the basis of transport vehicles, the ground ambulance segment dominated the market and accounted for a revenue share of 48.7% in 2021. This can be attributed to rising accident cases globally.
Based on emergency services, the emergency services segment is projected to witness the fastest CAGR of 10.1% during the forecast duration.
On the basis of equipment, the advanced life support ambulance segment is expected to dominate the market in 2021 and is also projected to witness the fastest growth over the forecast period.
North America is expected to dominate the market in 2021, whereas, Asia Pacific is anticipated to witness a CAGR of 12.4% over the forecast period, owing to the rise in chronic disorders and geriatric population in this region.
Request a free sample copy or view report summary, “Ambulance Services Market Size, Share & Trends Analysis Report By Transport Vehicle (Ground Ambulance), By Emergency Services, By Equipment, By Region, And Segment Forecasts 2022 – 2030“, published by Grand View Research.
Ambulance Services Market Growth & Trends
The growth of the market is due to favorable reimbursement policies in developed nations. In the U.S., Medicare covers both emergency and non-emergency ambulance services for medically necessary cases, given that the supplier fulfills stipulated requirements. In some cases, Medicare also covers irregular and unscheduled non-emergency trips. Medicare covers around 80.0% of the amount for emergency services while the remaining 20.0% is covered by the insurance policy of the patient.
Moreover, there has been a constant increase in the number of traumatic accidents globally. For instance, as per Association for Safe International Road Travel, around 1.35 million people die due to road accidents, whereas 20-25 million people suffer injuries leading to permanent disability. Thus, with the rising number of road accidents, the demand for air ambulances is expected to increase, thereby impelling the market.
Furthermore, the market witnessed a tremendous spike during the COVID-19 pandemic. For instance, as per Maharashtra Emergency Medical Service (MEMS), during the second wave of COVID-19, there was a 33% spike from 2020 and an 18% increase from the pre-pandemic period. Additionally, with a decline in COVID-19 cases, the demand for ambulance services might affect negatively during the year 2022-2023. However, the market is expected to grow at a significant pace post-2023. This can be attributed to the increasing number of ambulances globally. For instance, as per The Hindu, in May 2021, the Greater Chennai Corporation launched 250 COVID-19 special ambulances for 15 zones of the city.
Ambulance Services Market Segmentation
Grand View Research has segmented the global ambulance services market on the basis of transport vehicle, equipment, emergency services, and region:
Ambulance Services Market – Transport Vehicle Outlook (Revenue, USD Million, 2018 – 2030)
Ground Ambulance
Air Ambulance
Water Ambulance
Ambulance Emergency Services Outlook (Revenue, USD Million, 2018 – 2030)
Emergency Services
Non-emergency Services
Ambulance Services Market – Equipment Outlook (Revenue, USD Million, 2018 – 2030)
Advance Life Support (ALS) Ambulance Services
Basic Life Support (BLS) Ambulance Services
Ambulance Services Market – Regional Outlook (Revenue, USD Million, 2018 – 2030)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Colombia
MEA
South Africa
Saudi Arabia
UAE
List of Key Players in Ambulance Services Market
Envision Healthcare
London Ambulance Service NHS Trust
Acadian Ambulance Service
BVG India Limited
America Ambulance Services, Inc.
Falck Denmark A/S
AIR MEDICAL GROUP HOLDINGS, INC. (AMGH)
Air Methods Corporation
Ziqitza Healthcare Limited
MEDIVIC AVIATION
Check out more related studies published by Grand View Research:
Ambulance Equipment Market – The global ambulance equipment market size is expected to reach USD 5.45 billion by 2026, expanding at a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. The rising cases of cardiovascular diseases, increasing medical tourism, and increasing cases of road accidents globally are the key driving factors for the ambulance equipment market.
Air Ambulance Services Market – The global air ambulance services market size is expected to reach USD 11.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.0% from 2021 to 2028. The increasing number of accidents, the impact of COVID-19, and technological advancements are the key driving factors for the market.
Fixed-wing Air Ambulance Service Market – The global fixed-wing air ambulance service market size is expected to reach USD 2.00 billion by 2025, expanding at a 9.4% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Growing prevalence of chronic health conditions, such as cardiac disorders, that require immediate medical response is expected to favourably influence the market over the forecast period.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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