Ambulance Services Market

Introduction of the Ambulance Services Market Report

Ambulance services are the type of services in which the medical transportation is required by the patient in which the usage of specialized medical skills and equipment is medically necessary and important for the safe transportation of the patient. Emergency transportation needs immediate attention owing to the patient’s condition.

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Market Dynamic

Key Drivers and Emerging Trends

The key factors that are responsible for bolstering the growth of the global ambulance services market size include the increasing geriatric population requiring emergency medical attention and growth in the number of road accidents which is surging the demand of ambulance services for carrying the patient to the hospitals or clinics. In addition, the rise in the spending on healthcare across the developing economies and growth in medical tourism are some other factors that are drastically increasing the demand for ambulance services during the forecast period. The medical tourism in India is expected to be USD 9 billion by 2020 and 20% of the global market share in 2020.

Favorable policies for the reimbursement across the world and the rising penetration of cardiovascular diseases in the population are proliferating the growth of the global ambulance services market. Amerigroup allows the reimbursement for carrying the patient by ambulance and the supplies & services which are associated with transportation to the nearest location for the treatment of the member.

Restraint in the Ambulance Services Market

The factors which are responsible for hampering the growth of the global ambulance services market include the lack of ambulance services and trained medical staff.

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Mode of Transport – Segment Analysis

Based on the mode of transport, ground ambulance segment is expected to increase at a higher CAGR during the forecast period. The increasing number of road accidents and high accessibility & availability of ground ambulance are the key factors that are bolstering the growth of the market. In addition, the high-quality standards for transporting the patients by ground ambulance is a significant factor that is driving the market growth. More than 38,000 people die in the crashes every year on the US roadways and the ratio of death in the US traffic is around 12.4 deaths per 100,000 inhabitants.

Services – Segment Analysis

On the basis of the services, the emergency services segment is projected to increase at a higher CAGR during the forecast period. The factor driving the growth of the market is the rising demand for such services by the patients as they are critical for the management of acute injury or illness and provides access to the health system. Moreover, the rising incidences of cardiovascular diseases like heart failure, stroke, and coronary artery diseases across the world requiring emergency services is a driver that is fuelling the market growth in the upcoming years.

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Regional – Segment Analysis:

Based on the region, North America is expected to increase at a higher CAGR during the forecast period. The availability of well-established healthcare infrastructure and rising demand for ambulance services across countries like the United States are driving the growth of the market. In addition, the availability of several major players like America Ambulance Service and AMGH is another factor that is responsible for propelling market growth.

Top Market Players

Various notable players operating in the market include Babcock International Group PLC, BVG India Limited, Acadian Ambulance Service, Falck A/S, America Ambulance Service, Ziqitza Health Care Limited, Air Methods, Medivic Pharmaceutical Pvt. Ltd., AMGH, and Aeromedevac, among others.

Key Developments: 

• • In 2019, AMGH announced at the Heli-Expo 2019 that the company is adding 21 helicopters to its fleet for the air medical transport. This agreement consists a mix of single-engine H125 and twin-engine H135 helicopters; this supports the company’s fleet growth and replacement in the air medical market.
  • In 2020, Air Methods, along with the University of Washington, renewed the established partnership with Airlift Northwest, the leading emergency medical service in the Pacific Northwest. UW Medicine and Air Methods have been collaborating since 2015 to serve the communities.   

Segments covered in the Report:

The global ambulance services market has been segmented on the basis of mode of transport, equipment, services, and regions. Based on the mode of transport, the market is segmented into water ambulance, air ambulance, and ground ambulance. Based on equipment, the market is segmented into advanced life support (ALS) ambulance services and basic life support (BLS) ambulance services. Based on the services, the market is segmented into non-emergency services and emergency services. 

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Key questions answered in this research report:

• • At what pace is the global ambulance services market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the ambulance services market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global ambulance services market?
  • Which mode of transport generated maximum revenues in 2019 and identify the most promising mode of transport during the forecast period?
  • What are the various services of the global ambulance services market, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Mode of Transport, By Equipment, By Services, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Babcock International Group PLC, BVG India Limited, Acadian Ambulance Service, Falck A/S, America Ambulance Service, Ziqitza Health Care Limited, Air Methods, Medivic Pharmaceutical Pvt. Ltd., AMGH, and Aeromedevac, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Ambulance Services Market by Mode of Transport

• • Water Ambulance
  • Air Ambulance
  • Ground Ambulance

Global Ambulance Services Market by Equipment

• • Advanced Life Support (ALS) Ambulance Services
  • Basic Life Support (BLS) Ambulance Services

Global Ambulance Services Market by Services

• • Non-Emergency Services
  • Emergency Services

Global Ambulance Services Market by Region

• • North America Ambulance Services Market (Option 1: As a part of the free 25% customization)
    • North America Ambulance Services Market by Mode of Transport
    • North America Ambulance Services Market by Equipment
    • North America Ambulance Services Market by Services
    • US Ambulance Services Market All-Up
    • Canada Ambulance Services Market All-Up
  • Europe Ambulance Services Market (Option 2: As a part of the free 25% customization)
    • Europe Ambulance Services Market by Mode of Transport
    • Europe Ambulance Services Market by Equipment
    • Europe Ambulance Services Market by Services
    • UK Ambulance Services Market All-Up
    • Germany Ambulance Services Market All-Up
    • France Ambulance Services Market All-Up
    • Spain Ambulance Services Market All-Up
    • Rest of Europe Ambulance Services Market All-Up
  • Asia-Pacific Ambulance Services Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Ambulance Services Market by Mode of Transport
    • Asia-Pacific Ambulance Services Market by Equipment
    • Asia-Pacific Ambulance Services Market by Services
    • China Ambulance Services Market All-Up
    • India Ambulance Services Market All-Up
    • Japan Ambulance Services Market All-Up
    • Rest of APAC Ambulance Services Market All-Up
  • RoW Ambulance Services Market (Option 4: As a part of the free 25% customization)
    • RoW Ambulance Services Market by Mode of Transport
    • RoW Ambulance Services Market by Equipment
    • RoW Ambulance Services Market by Services
    • Brazil Ambulance Services Market All-Up
    • South Africa Ambulance Services Market All-Up
    • Saudi Arabia Ambulance Services Market All-Up
    • UAE Ambulance Services Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Ambulance Services Market All-Up

Major Players Operating in the Ambulance Services Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Babcock International Group PLC
  • BVG India Limited
  • Acadian Ambulance Service
  • Falck A/S
  • America Ambulance Service
  • Ziqitza Health Care Limited
  • Air Methods
  • Medivic Pharmaceutical Pvt. Ltd.
  • AMGH
  • Aeromedevac