Ambulance Services Market Size And Forecast
Ambulance Services Market size was valued at USD 28.7 Billion in 2020 and is projected to reach USD 55.5 Billion by 2028, growing at a CAGR of 8.58% from 2021 to 2028.
The rising geriatric population coupled with an increasing prevalence of chronic diseases such as diabetes and cancer and complex medical needs are expected to propel the growth of the global market over the predicted years. The Global Ambulance Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Ambulance Services Market Definition
Ambulance services also are known as emergency medical services or paramedic services. Ambulance services are the ones that help to treat illness and injuries requiring urgent responses. These services are usually provided out of the hospital through transport and definitive care. These ambulance services are ported to the required sites with the help of specialized vehicles via ground, air, and water. Ambulance services consist of the ambulance, emergency air ambulance, emergency surface ambulance, non-emergency surface ambulance, non-emergency air ambulance, and other services.
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Global Ambulance Services Market Overview
The rising geriatric population coupled with an increasing prevalence of chronic diseases such as diabetes and cancer and complex medical needs are expected to propel the growth of the global Ambulance Services Market over the predicted years. Moreover, the growing number of road accidents and an increasing number of alcohol and mental health-driven issues expect a boost to the market in the coming years.
Additionally, owing to the favourable reimbursement policies and rising medical tourism is predicted to drive the Ambulance Services Market during the forecasted period. There are certain restraints and challenges faced which can hinder the market growth. Factors such as the risk of errors in medication by a pharmaceutical professional and the lower medical reimbursement rates in developing countries are some restraining factors that might impede the market growth.
Global Ambulance Services Market Segmentation Analysis
The Global Ambulance Services Market Segmented on the basis of Mode of Transport, Emergency Services, Equipment, And Geography.
Ambulance Services Market, By Mode of Transport
• Ground Ambulance Services
• Air Ambulance Services
• Water Ambulance Services
Based on the Mode of Transport, the market is bifurcated into Ground Ambulance Services, Air Ambulance Services, and Water Ambulance Services. The Ground Ambulance Services segment is expected to hold the largest market share. The factors can be attributed to their effectiveness and high usage rates.
Ambulance Services Market, By Emergency Services
• Emergency Services
• Non–Emergency Services
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Based on the Emergency Services, the market is bifurcated into Emergency Services and Non–Emergency Services. Emergency Services are predicted to hold the most significant CAGR in the forecasted period due to the prevalence of cardiovascular diseases such as cardiac arrest, stroke, and congestive heart failure.
Ambulance Services Market, By Equipment
• Basic Life Support (BLS) Ambulance Services
• Advanced Life Support (ALS) Ambulance Services
Based on Equipment, the market is bifurcated into Basic Life Support (BLS) Ambulance Services and Advanced Life Support (ALS) Ambulance Services. The Advanced Life Support (ALS) Ambulance Services is anticipated to hold the largest market share. The factors can be credited for an increase in technologically advanced equipment and trained personnel, the growing awareness about life support services, and the high incidence of cardiovascular disorders.
Ambulance Services Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
Based on Regional Analysis, the Global Ambulance Services Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by North America owing to the favourable reimbursement policies and regulatory reforms in the healthcare sector, increasing demand for high-quality healthcare facilities, and well-established healthcare infrastructure in this region.
Key Players
The “Global Ambulance Services Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Envision Healthcare Corporation, Falck Holding A/S, Acadian Ambulance Service, Inc., Ziqitza Health Care Limited, Medivic Aviation, London Ambulance Service NHS Trust, America Ambulance Services, Inc., BVG India Ltd., Air Methods Corporation, and Air Medical Group Holdings, Inc.
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