Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Ambulance Services Market, The Global Ambulance Services Market size is expected to be valued at around USD 68 billion by 2030 and is estimated to grow at a CAGR of about 8.7% during the forecast period, i.e., 2024-30. Along with this, the market is estimated to grow at a CAGR of around 8.7% during the forecast period. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Ambulance Services Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2024-2030
- Market Size by 2030: USD 68 billion
- CAGR (2024-2030): 8.7%
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Global Ambulance Services Market Segmentation Breakdown:
The Ambulance Services Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Mode of Transportation
- Air Ambulance- Market Size & Forecast 2019-2030, USD Million
- Ground Ambulance- Market Size & Forecast 2019-2030, USD Million
- Water Ambulance – Market Size & Forecast 2019-2030, USD Million
The Ground Ambulance segment emerged as the leading mode of transport in the Ambulance Services Market, commanding the largest revenue share in 2023.
- By Service
- Emergency Medical Services- Market Size & Forecast 2019-2030F, USD Million
- Non-Emergency Medical Services- Market Size & Forecast 2019-2030F, USD Million
The Emergency Medical Services (EMS) segment holds a commanding position within the Ambulance Services Market.
- By Equipment
- Advance Life Support (ALS) Ambulance Services- Market Size & Forecast 2019-2030F, USD Million
- Basic Life Support (BLS) Ambulance Services- Market Size & Forecast 2019-2030F, USD Million
- By Payer
- Public-Market Size & Forecast 2019-2030F, USD Million
- Private- Market Size & Forecast 2019-2030F, USD Million
- By End User
- Hospitals-Market Size & Forecast 2019-2030F, USD Million
- Nursing Homes- Market Size & Forecast 2019-2030F, USD Million
- Home Healthcare Settings- Market Size & Forecast 2019-2030F, USD Million
Geographical Growth Insights:
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia Pacific
North America to dominate the Ambulance Services Market. It is attributed to several factors, such as the escalating number of emergency cases, a higher prevalence of chronic illnesses, the presence of major market players, increasing demand for superior healthcare services, and a well-established healthcare infrastructure.
MarkNtel Advisors Highlights Key Market Drivers for Ambulance Services Market:
Surge in Accident Rates to Amplify Global Ambulance Services Market Growth – Increased use of commercial and personal vehicles has resulted in a sharp rise in the number of accidents, necessitating immediate hospital visits for medical care and assistance. As a result, patients rely on ambulance services to get to and from healthcare facilities. The US is one of the busiest countries in the world in terms of road traffic accidents, with approximately 10 million such incidents occurring each year. Hence, this spike in the number of accidents is expected to drive the ambulance services market during the estimated period.
A Comprehensive Analysis of Leading Companies in Global Ambulance Services Market
- Acadian Ambulance Service
- BVG
- America Ambulance Service
- Falck A/S
- Air Methods
- Ziqitza Healthcare Limited
- Harmonie Ambulance
- Aeromedevac
- SHM Shipcare
- Gama Aviation Plc
- Medivic Pharmaceutical Pvt Ltd
- MetroAtlanta Ambulance Service
- London Ambulance Service NHS Trust
- Fresenius Medical Care Ltd.
- MedTrans Corporation
- Others
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Ambulance Services Market Recent Development:
- June 2022: Care4Parents, a platform providing eldercare services in India, joined forces with Dial4242 Ambulance service. Through this collaboration, Care4Parents users can swiftly book an ambulance within seconds, ensuring the round-the-clock availability of this service (24X7).
- 2022: Acadian Ambulance Serviceextended its operations to Nashville and acquired the operational assets of MedicOne Medical Response in Tennessee, Mississippi, and Texas.
What are the growth Challenge driving the Global Ambulance Services Market?
Growing Workload & Resource Constraints to Negatively Affect the Market – The growing demand for ambulance services, caused by an aging population, rising chronic illnesses, and expanding urbanization, is putting a strain on available resources. This pressure may result in longer response times, delayed patient care, and increased stress among ambulance personnel, ultimately limiting the Ambulance Services Market’s growth potential. Furthermore, the difficulty in recruiting & retaining skilled ambulance personnel stems from the demanding nature of the job, lower remuneration, and limited opportunities for career advancement, also aids in impeding market expansion.
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