NEW
YORK, July 3, 2024 /PRNewswire/ -- The global
ambulance services market size is estimated to grow by
USD 13.74 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 6.79% during the forecast
period. Increasing number of road accidents is
driving market growth, with a trend towards rising
popularity of air ambulance services in developing countries.
However, high costs of ambulance services poses a
challenge. Key market players include Acadian Ambulance Service
Inc., Air Charter Service Group Ltd., Air Methods Corp., Air
Rescuers World Wide Pvt Ltd., American Air Ambulance, American
Ambulance Service Inc., Babcock International Group Plc, Bristow
Group Inc., BVG India Ltd., Envision Healthcare, Falck Danmark AS,
Harmonie Ambulance, Luxembourg Air Rescue Asbl, Medical Air
Service, MEDIVIC PHARMACEUTICAL PVT. LTD., Netcare ltd., PHI Group
Inc., Priority Ambulance, REVA Inc., and Ziqitza
Healthcare Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Service Type (Advance
life support (ALS) ambulance services and Basic life support (BLS)
ambulance services), Type (Emergency and Non-emergency), and
Geography (North America, Europe, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Acadian Ambulance
Service Inc., Air Charter Service Group Ltd., Air Methods Corp.,
Air Rescuers World Wide Pvt Ltd., American Air Ambulance, American
Ambulance Service Inc., Babcock International Group Plc, Bristow
Group Inc., BVG India Ltd., Envision Healthcare, Falck Danmark AS,
Harmonie Ambulance, Luxembourg Air Rescue Asbl, Medical Air
Service, MEDIVIC PHARMACEUTICAL PVT. LTD., Netcare ltd., PHI Group
Inc., Priority Ambulance, REVA Inc., and Ziqitza
Healthcare Ltd.
|
Key Market Trends Fueling Growth
Air ambulance services play a crucial role in reaching injured
individuals or those requiring specialized treatment in rural and
remote areas. Helicopter air ambulances (HAAs) transport patients
directly from accident sites or residences to healthcare
establishments, saving time and extending medical care. During
natural disasters, air ambulances reach affected areas faster than
road ambulances. The Flying Doctor Service offers air evacuation
and transfer services in medical emergencies and between medical
facilities worldwide. Market growth is driven by increasing chronic
diseases, income levels, healthcare awareness, private healthcare
sector investments, and government initiatives in rural areas.
Emerging economies like India,
China, and Brazil offer business expansion opportunities
due to low manufacturing and labor costs.
The Ambulance Services Market is experiencing significant growth
due to the increasing demand for emergency medical services. The
use of advanced technologies such as telemedicine and remote
monitoring is trending in the industry. These technologies enable
faster response times and improved patient care. Additionally, the
adoption of ambulance fleet management systems and the integration
of artificial intelligence and machine learning algorithms are key
trends shaping the market. The market is also driven by the rising
number of accidents and trauma cases, as well as an aging
population with chronic health conditions. The market is expected
to continue growing in the coming years, with a focus on enhancing
patient safety and comfort.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- Ambulance services entail substantial expenses due to
equipment, medical supplies, and skilled personnel. In the US,
costs range from hundreds to thousands of dollars per ride,
influenced by care level, distance, and additional fees. High costs
hinder patient access to essential medical care and strain
providers. Helicopter emergency medical services offer direct
pick-up but face challenges in remote areas due to inclement
weather, further increasing market complexity.
- The Ambulance Services Market faces several challenges in
delivering optimal healthcare solutions. Technology and location
are key areas of concern. With the increasing demand for quick
response times, the use of advanced technology in ambulance
services is essential. However, implementing and integrating
technology in ambulance services can be complex and costly.
Additionally, ensuring the availability of ambulances in remote or
under-served areas is a significant challenge. The need for a
centralized dispatch system and adequate funding for ambulance
services is crucial to address these issues. Furthermore,
maintaining a skilled workforce and ensuring their continuous
training is essential to provide high-quality care. Overall, the
Ambulance Services Market requires a collaborative effort from all
stakeholders to overcome these challenges and provide efficient and
effective healthcare services.
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challenges - Download a Sample Report
Segment Overview
This ambulance services market report extensively covers market
segmentation by
- Service Type
- 1.1 Advance life support (ALS) ambulance services
- 1.2 Basic life support (BLS) ambulance services
- Type
- 2.1 Emergency
- 2.2 Non-emergency
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Advance life support (ALS) ambulance
services- The ambulance services market is a significant
sector in the healthcare industry, providing essential emergency
medical transportation. It caters to various customer segments,
including hospitals, clinics, and individual patients. The market's
growth is driven by factors such as increasing population, rising
healthcare expenditures, and technological advancements. Ambulance
companies invest in modern vehicles and equipment to enhance
patient care and improve response times. The market is competitive,
with key players focusing on expanding their fleets and enhancing
customer service to gain a larger market share.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Ambulance Services Market encompasses a range of medical
transport solutions, including Central Ambulance and Air Ambulance
services. These services play a crucial role in responding to
emergencies, particularly in the context of road accidents and the
geriatric population. Reimbursement policies vary across regions
and insurers, impacting the utilization of these services. Advanced
ambulances are equipped with specialist medical tools and
electronic health records, enabling efficient emergency medical
care. The future scenario of the market includes the integration of
digitalization, climate change considerations, and the expansion of
services to include Fixedwing aircraft, Water ambulances, Mortuary
ambulances, and Neonatal ambulances. Health insurance providers and
healthcare services continue to shape the current and future
landscape of the Ambulance Services Market.
Market Research Overview
The Ambulance Services Market encompasses the provision of
emergency medical services and transportation using specially
equipped vehicles. These services play a crucial role in responding
to medical emergencies and delivering essential care to patients in
need. The market is driven by various factors, including an aging
population, increasing road accidents, and the growing prevalence
of chronic diseases. Technological advancements, such as
telemedicine and electronic health records, are also transforming
the ambulance services landscape. Additionally, governments and
private organizations are investing in expanding and improving
emergency medical services to ensure timely and effective care for
patients. The market is expected to grow significantly in the
coming years due to these factors and the increasing demand for
efficient and reliable emergency medical services.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Service Type
-
- Advance Life Support (ALS) Ambulance Services
- Basic Life Support (BLS) Ambulance Services
- Type
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio