Ambulance service is gaining huge traction with the rising awareness among individuals regarding the benefits of maintaining decent health. The increasing prevalence of chronic diseases, such as cardiovascular diseases, cancer, and so on, primarily due to the growing geriatric population, is among the major forces promoting the growth of the global ambulance service market. With the increasing prevalence of chronic diseases, there is an increase noticed in the wide utility for immediate medical attention and emergency medical services to improve patients’ health and wellness on time. In such cases, the application of ambulance services is also gaining significant traction in terms of adoption. They are ported to the essential sites to benefit specialized vehicles that can run on the ground, air, and water.
Besides, there has been a rapid development undertaken by several manufacturers that have led to the incorporation of drone-based EMS (emergency drone system) and helicopter air ambulance service for rescue operations, along with the organ or blood transportation facilities. Factors such as rise in security concerns, preventing the ground traffic, and the increase in demand for fixed-wing aerial ambulances to cover up long distances medical missions have further penetrated the advancement of air ambulance services. However, these recent improvements in ambulance services have substantially improved its feasibility in the healthcare infrastructure. As such, it addresses the safety measures and provides better service before any mishaps occurred. Following these promising developments, the Global Ambulance Service Market is estimated to see healthy growth, pegged at a CAGR of around 6.8% throughout the forecast period 2020-2025.
Globally, governments are investing a large amount of capital in the development of the healthcare sector. With the huge investment in healthcare infrastructure and services, the demand for ambulance services is expected to increase rapidly, as they are able to get a quick medication facility before the medical condition of the patient getting worsens. Along with this, the benefits of ambulance services include cost-effective treatments, flexible timing, ease-in-access, reduced hospital stay, quick aid to patients, and many others, paving the way for huge investment and government initiatives in expanding the network of ambulance services across the developed and emerging markets.
Moreover, the occurrences of road fatalities and the increasing medical tourism all over the world are further supporting the market growth globally. The need for vehicles, lack of lane discipline, and other various factors demand quick medical facilities, which has paved the demand for ambulance services. As such, road accidents are the leading cause of mortality from injuries and are often the tenth leading cause of death globally, as they now form a surprisingly significant section of the burden on the sick world. With increasing risks of road accidents, there is an extensive need for effective emergency services that can lead to the timely intervention of accident victims or patients suffering from chronic illness. These convenient services play a crucial role in maintaining the health of individuals. In response to the COVID-19 pandemic, the adoption of ambulance service often increased for providing urgent medical attention on the back of frequent illness cases among people, which further led to expanding the market share for ambulance services across the globe.
Segmentation Overview of the Global Ambulance Services Market
The ambulance services market is segmented into a transport vehicle, services, and equipment. These major market segments are further categorized into various sub-segments to study the market in detail.
By Transport Vehicle Outlook (Ground Ambulance, Air Ambulance, and Water Ambulance)
By Services Outlook (Emergency Service, Non-Emergency Services)
By Equipment Outlook (Advanced Life Support (ALS) Ambulance Services, Basic Life Support (BLS) Ambulance Services)
Key Players Insights
Envision Healthcare, BVG India Limited, America Ambulance Services, Inc., Falck Denmark A/S, Air Medical Group Holdings, Inc. (AMGH), London Ambulance Service NHS Trust, Acadian Ambulance Service, Air Methods Corporation, Ziqitza Healthcare Limited, Medivic Aviation, among others, are some key market players included in the research study of the global ambulance services market.
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