The global ambulance services market is envisioned to garner $94.2 billion by 2031, growing from $40.6 billion in 2021 at a CAGR of 8.9% from 2022 to 2031.
The increased use of commercial and personal automobiles has resulted in an increase in the frequency of accidents. Accidents frequently necessitate emergency hospitalization for medical care and assistance. As a result, patients require ambulance transportation to and from hospitals. In terms of road traffic accidents, the U.S. is one of the busiest countries in the world. Every year, around 10 million vehicle accidents occur in the U.S. Every year, between 2 million to 4 million of these drivers have lifelong injuries.
However, there are some limits to this mode of transportation that should be addressed while making patient care decisions. These constraints include the requirement for specialized equipment and skilled medical personnel, the cost of deploying an air ambulance, the possibility that air ambulances may be unable to fly in bad weather, and the absence of modern tracking systems.
Improving healthcare reforms in many regional markets such as the U.S., Japan, and China have boosted population life expectancy. The World Health Organization (WHO) estimates that the worldwide geriatric population was about 524 million in 2010 and is predicted to reach around 2 billion by 2050. As a result, the growing senior population is projected to increase demand for ambulance services, as the elderly are more vulnerable to illnesses and infections. The older population is also prone to physical limitations such as immobility, which is projected to increase demand for ambulance services for regular transportation to hospitals for medical care.
The COVID-19 outbreak had a substantial influence on the ambulance services industry due to the increased demand for ambulance services to offer emergency care to COVID-19 patients during the pandemic. According to a BMJ Journal article, hospitals and ambulance service in England declared major events and issued warnings about 12-hour patient wait times in emergency departments for around 10,000 patients in November 2021 owing to intense workloads and a substantial number of staff absences.
The key players profiled in this report include Babcock International Group PLC, Acadian Ambulance Service, BVG India, Falck A/S, Ziqitza HealthCare, Air Methods, Harmonie Ambulance, Envision Healthcare, Medivic Aviation, and Aeromedevac Air Ambulance.
The increased use of commercial and personal automobiles has resulted in an increase in the frequency of accidents. Accidents frequently necessitate emergency hospitalization for medical care and assistance. As a result, patients require ambulance transportation to and from hospitals. In terms of road traffic accidents, the U.S. is one of the busiest countries in the world. Every year, around 10 million vehicle accidents occur in the U.S. Every year, between 2 million to 4 million of these drivers have lifelong injuries.
However, there are some limits to this mode of transportation that should be addressed while making patient care decisions. These constraints include the requirement for specialized equipment and skilled medical personnel, the cost of deploying an air ambulance, the possibility that air ambulances may be unable to fly in bad weather, and the absence of modern tracking systems.
Improving healthcare reforms in many regional markets such as the U.S., Japan, and China have boosted population life expectancy. The World Health Organization (WHO) estimates that the worldwide geriatric population was about 524 million in 2010 and is predicted to reach around 2 billion by 2050. As a result, the growing senior population is projected to increase demand for ambulance services, as the elderly are more vulnerable to illnesses and infections. The older population is also prone to physical limitations such as immobility, which is projected to increase demand for ambulance services for regular transportation to hospitals for medical care.
The COVID-19 outbreak had a substantial influence on the ambulance services industry due to the increased demand for ambulance services to offer emergency care to COVID-19 patients during the pandemic. According to a BMJ Journal article, hospitals and ambulance service in England declared major events and issued warnings about 12-hour patient wait times in emergency departments for around 10,000 patients in November 2021 owing to intense workloads and a substantial number of staff absences.
The key players profiled in this report include Babcock International Group PLC, Acadian Ambulance Service, BVG India, Falck A/S, Ziqitza HealthCare, Air Methods, Harmonie Ambulance, Envision Healthcare, Medivic Aviation, and Aeromedevac Air Ambulance.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ambulance services market analysis from 2021 to 2031 to identify the prevailing ambulance services market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ambulance services market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global ambulance services market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Mode of Transportation
- Air Ambulance
- Ground Ambulance
- Water Ambulance
By Service Type
- Non-emergency Medical Transport
- Emergency Medical Transport
- Emergency Ground Ambulance
- Basic Life Support Ambulance
- Advance Life Support Ambulance
By Operating Type
- Public Private Partnership
- Government
- Private
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Babcock
- Acadian Ambulance Service
- BVG India
- Falck A/S
- Ziqitza Health Care
- air methods
- harmonie ambulance
- Envision Healthcare
- MEDIVIC Aviation
- aeromedevac air ambulance
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AMBULANCE SERVICES MARKET, BY MODE OF TRANSPORTATION
CHAPTER 5: AMBULANCE SERVICES MARKET, BY SERVICE TYPE
CHAPTER 6: AMBULANCE SERVICES MARKET, BY OPERATING TYPE
CHAPTER 7: AMBULANCE SERVICES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Ambulance Services Market," the ambulance services market was valued at $40.6 billion in 2021, and is estimated to reach $94.2 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031.Ambulances often transport patients to hospitals. Ambulances are driven by specially trained individuals known as emergency medical technicians, or EMTs. They provide emergency medical care to ill or injured persons before they get to the hospital. Many different types of equipment are used in ambulances to transport and treat patients. They are employed in emergency and non-emergency situations, and they work in conjunction with patient care tools such as basic life support (BLS) and advanced life support (ALS).
Key factors driving the growth of the ambulance services market include a growing number of accidents and improved senior population care services. The rising use of commercial and personal automobiles has increased the frequency of accidents. Accidents frequently necessitate emergency hospitalization for medical care and assistance. As a result, patients require ambulance transportation to and from hospitals. In terms of road traffic accidents, the U.S. is one of the busiest countries in the world. Every year, around 10 million vehicle accidents occur in the U.S. Every year, between 2 million to 4 million of these drivers have lifelong injuries. In 2015-2016, around 6,800 people died and 18,000 were wounded in drunk driving incidents in India, according to the Ministry of Road Transport & Highways (MORTH). Thus, an increase in the number of accidents is expected to boost the ambulance services market. All these factors are expected to drive the growth of the market during the forecast period.
The advent of multi-specialty ambulances, which are outfitted with cutting-edge instruments and technology to provide patients with quick and high-quality care, is another important growth element. Air ambulances are also used by many healthcare facilities to transport patients with infectious diseases and life-threatening situations, which increases patient safety, comfort, and flexibility. During the projected period, the adoption of supportive government policies to promote public health as well as major advancements in healthcare infrastructure are anticipated to fuel market expansion for ambulance services globally.
The sector of basic life support (BLS) accounts for a sizable portion of the global ambulance services industry. During the projection period, the industry is expected to increase at a modest rate. In BLS ambulances, emergency medical practitioners and partially trained workers offer medical services. Patients with complicated fractures, medical or surgical patients, patients being released home or to subacute care institutions, and mental patients are typically served by BLS ambulance services. As the number of operations increases across the world, BLS ambulance services may be required to transfer patients from hospitals to homes and vice versa. All these advancements in the ambulance services sector are projected to provide growth opportunities for the key players operating in the market in the coming years.
The ambulance services market is segmented into the mode of transportation, service type, emergency ground ambulance, operating type, and region. As per the mode of transportation, the market is classified into air ambulance, ground ambulance, and water ambulance. According to service type, it is divided into emergency medical transport and non-emergency medical transport. Depending on emergency ground ambulance, it is classified into basic life support ambulance, and advance life support ambulance. On the basis of operating type, it is classified into public private partnership, government, private, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, United Arab Emirates, South Africa, and rest of LAMEA).
The key players profiled in the study include Babcock International Group PLC, Acadian Ambulance Service, BVG India, Falck A/S, Ziqitza HealthCare, Air Methods, Harmonie Ambulance, Envision Healthcare, Medivic Aviation, and Aeromedevac Air Ambulance. The major players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launch, and expansion to remain competitive and gain an advantage over the competitors in the market. For instance, in July 2019, Babcock Scandinavian Air Ambulance was awarded the contract for Fixed Wing Air Ambulance Services in Norway and it started operating in July 2019.
Key Market Insights
- By mode of transportation, the ground ambulance segment was the highest revenue contributor to the market in 2021. However, the air ambulance segment is estimated to be the fastest growing during the forecast period.
- By service type, the emergency medical transport segment dominated the market share in 2021. This segment is also expected to be the fastest growing during the forecast years.
- Based on emergency ground ambulance, the advance life support ambulance segment was the highest revenue contributor to the market in 2021. This segment is also expected to be the fastest growing during the forecast years.
- Based on operating type, the government segment was the highest revenue contributor to the market in 2021. However, the private segment is projected to be the fastest growing during the forecast period.
- Based on region, the Asia-Pacific region accounted for the fastest market share in 2021 and is projected to maintain the position during the forecast period.
Companies Mentioned
- Babcock
- Acadian Ambulance Service
- BVG India
- Falck A/S
- Ziqitza Health Care
- air methods
- harmonie ambulance
- Envision Healthcare
- MEDIVIC Aviation
- aeromedevac air ambulance
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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