According to the latest report by IMARC Group “Ambulance Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global ambulance services market reached a value of US$ 45.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 76.9 Billion by 2027, exhibiting a CAGR of 9.11% during 2022-2027.
Ambulance services, or paramedics, provide pre-hospitalization, clinical intervention and stabilization for fatal injuries and serious illnesses. These specialized vehicles are ported on the incident site through the ground, air, and water. Ambulance services are equipped with basic life support (BLS) and advanced life support (ALS) tools. They are also connected with various trauma centers, hospitals, communication and transportation networks, and rehabilitation facilities to effectively coordinate and offer emergent care.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The rising number of road accidents and natural calamities that lead to severe injuries are majorly driving the global ambulance services market growth. Additionally, increasing medical tourism and the implementation of favorable reimbursement policies are further fueling the market growth. Moreover, rising healthcare expenditure and the introduction of multi-specialty ambulances equipped with updated technological tools are contributing to the market growth. Furthermore, the sudden outbreak of coronavirus disease (COVID-19) is escalating the demand for ambulance services across the globe.
Breakup by Transport Vehicle:
- Ground Ambulance
- Air Ambulance
- Water Ambulance
Breakup by Emergency Services:
- Emergency Services
- Non-Emergency Services
Breakup by Equipment:
- Advanced Life Support (ALS) Ambulance Services
- Basic Life Support (BLS) Ambulance Services
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Acadian Ambulance Service Inc.
- Air Methods Corporation
- America Ambulance Services Inc.
- Babcock International Group PLC
- BVG India Limited
- Dutch Health B.V.
- Falck A/S
- Global Medical Response Inc.
- London Ambulance Service NHS Trust
- Medivic Pharmaceutical PVT LTD
- Ziqitza Healthcare Limited.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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