Global Ambulance Services Market size is expected to be worth roughly USD 40.7 Billion by 2030, growing at a CAGR of more than 4.8% during the projected timeframe of 2022-2030, according to Ameco Research
The increase in the incidence of accidents, the emergence of new emergency services operators with well-equipped ambulances, as well as advantageous reimbursement policies is among the important drivers driving the worldwide ambulance services market growth.
Ambulance services are medical emergency transportation services that carry individuals who require immediate medical attention due to illnesses or injuries. To deliver the greatest available treatment to the patients, ambulance services are transferred to the location using specialized ground, water, and air vehicles. These services are connected and incorporated with transportation and communication networks, specialty care centers, healthcare facilities, trauma centers, and rehabilitation organizations. They are used in both emergency and non-emergency situations, as well as being incorporated with patient care equipment like basic and advanced life-sustaining treatment.
Road traffic accidents are the top cause of mortality and morbidity from injury issues and the tenth biggest cause of death globally, accounting for a shockingly significant portion of the load on the ill globe. Each year, an approximated 1.2 million people are killed in traffic accidents, and an additional 50 million are injured, with poor nations obtaining 30 to 70% of transplants of bone marrow. With increased hazards, there are also competent emergency services that result in the immediate intervention of injured individuals or chronic sickness patients. These timely treatments are critical in healthcare. Furthermore, the increased incidence of traffic incidents requiring immediate medical assistance is boosting the ambulance services market share.
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Global Ambulance Services Market Dynamics
The rising frequency of traumatic incidents, the growing numbers of persons suffering from different chronic illnesses, and the growing senior population have all boosted the demand for ambulance services market size. Furthermore, the increases in health tourism as well as the implementation of favorable reimbursement are projected to increase the desire for ambulance services market value over the projection period. The global increase in traumatic occurrences is likely to drive market expansion. According to the National Health Portal, approximately 5 million individuals worldwide die each year as a result of various accidents.
Besides that, the increased demand for ambulance services to offer emergency treatment to COVID-19 individuals during the outbreak is boosting market expansion. Even when the situation has subsided, the market is projected to continue growing. The ambulance services industry is expected to expand dramatically as a result of emerging ambulance service operators globally, a rise in the number of fatalities, the introduction of brand-new paramedics, and the massive increase in hospitals owing to the pandemic.
Another important and growing factor is the advent of multi-specialty ambulances, which are outfitted with contemporary instruments and technology to provide patients with speedy and high-quality care. Air ambulances are also used by various sorts of medical facilities to evacuate individuals with serious illnesses and critical situations, providing the patient with increased protection, convenience, as well as flexibility. Other variables, such as the adoption of supportive government policies to encourage public health and significant changes in the healthcare system, are likely to drive the global ambulance services market trend throughout the forecast period.
Ambulance Services Market Segmentation
Ameco Research has fragmented the global ambulance services market by mode of transportation, service, payers, and end user. In terms of mode of transportation, the market is sub-divided into air ambulance, water ambulance, and ground ambulance. A ground ambulance is a transportation that is adequately maintained, equipped, and authorized to transport individuals by roadway to their destinations, such as health facilities with capabilities.
Moreover, in terms of service, the market is further segmented into emergency medical services, and non-emergency medical services. By payers, the market is segmented into public, and private. Based on the end user, the segment is sub-categorized into hospitals, home healthcare settings, and nursing homes. According to the ambulance services market forecast, the hospitals segment is estimated to grow significantly in the market over the next few years.
Ambulance Services Market Regional Outlook
The global ambulance services market is divided into several five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to a review of the ambulance services industry analysis, North America dominated the global market and accounted for the largest revenue share during the projected years. The presence of multiple significant market participants in this region, growing adoption of high-quality quality healthcare, well-established sophisticated healthcare, as well as favorable reimbursement regulations, and policy improvements in the healthcare industry may all be attributed to the regional market growth.
Ambulance Services Market Competitors
Some of the most notable worldwide ambulance services market players are Acadian Ambulance Service, Ziqitza Health Care, America Ambulance Services, Air Methods, Harmonie Ambulance, Aeromedevac, Falck Danmark, Babcock Scandinavian AirAmbulance, BVG India Limited, and SHM Shipcare.
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