Ambulance Services Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2030

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

Global ambulance services market size surpassed at US$ 40 Bn in 2020 and expected to reach US$ 57 bn by 2030 with a CAGR of 4.3% during the forecast period of 2021 to 2030.

Increase in the number of accidents, rise in incidence of chronic diseases such as diabetes and cancer, and rise in the geriatric population are anticipated to drive the global ambulance services market.

Ambulances help rescue injured or medically ill patients by transporting them to medical treatment centers. Established and new players are launching new and advanced ambulances and services to provide high level of comfort and medical services to patients. This is expected to drive the ambulance services market. For example, in 2019, in India, the State Government Health Department of Odisha launched the first ever boat ambulance service at Batighar in Kendrapara district. In Odisha, a large number of riverside villagers still depend on passenger boats, which are not available at night. This boat ambulance service helps them during medical emergencies. The government is planning to launch five more such boats at end of this year.

In terms of mode of transport, the ground ambulances segment held a major share of the global ambulance services market in 2020. This segment is likely to maintain its dominance during the forecast period. The ground ambulances segment is projected to be the most attractive segment during the forecast period. It is the most widely used method of emergency medical service, and is anticipated to offer lucrative opportunities, especially in developing countries.

Based on equipment, the basic life support (BLS) segment accounted for a major share of the global ambulance services market. This segment is projected to grow at a moderate CAGR during the forecast period. Medical services are provided by emergency medical practitioners and partially-trained personnel in BLS ambulances. BLS ambulance services are usually provided to patients with complex fractures, medical or surgical patients being discharged for home or some sub-acute care facilities, and psychiatric patients. Increase in the number of surgeries, globally, is likely to fuel the growth of the segment, as BLS ambulance services would be needed to transport patients from hospitals to homes and vice-versa. Patients who have undergone surgery and do not require medical monitoring are advised to avail BLS ambulance services, as personal vehicle transport may create post medical surgery complications (because of their built). This would further drive the demand for BLS ambulance services.

Tele-EMS Helps Reduce Costs and Improve Productivity

Emergency medical cases can lead to panic and trauma in many individuals. Complex post-hospital formalities and procedures only add to more stress for these individuals. These challenges have led to the demand for tele-EMS. Healthcare companies in the ambulance services market are offering tele-EMS in healthcare institutions to improve productivity and reduce overall costs.

China, the U.S., and India take the lead in the total number of ambulances that respond to stroke calls. However, the number of stroke cases is much higher than the calls that are actually answered by ambulances. To reduce the severity of this problem, healthcare providers in the ambulance services landscape are increasing the availability of tele-EMS.

Companies in the ambulance services market are helping healthcare institutions introduce reimbursement incentives. With the help of tele-EMS, healthcare providers can educate patients about the various financial incentives available, and offer them a wide range of transport options in case of emergencies. Efforts are being made to implement new reforms in the delivery system to provide patient-centric and cost-efficient care, so that patients need not suffer due to increasing costs of pre-hospital care.

WSNs Gain Popularity as Energy-efficient Solution for Successful Medical Diagnosis

The Internet of Things (IoT)revolution is transforming the ambulance services market. IoT is found to be helpful in delivering quality and accurate information to achieve successful medical diagnosis in case of emergencies.

More and more individuals are seeking the delivery of patient-centric medical care. Hence, companies in the ambulance services ecosystem are using various techniques of IoT to deliver EMS. As such, the technique of wireless sensor network (WSN) is gaining traction in medical applications. WSNs are being increasingly used by healthcare industries in the ambulance services space to measure a patient’s vital parameters through medical sensors attached to the body.

Companies in the ambulance services market are increasing their production capabilities to manufacture end-point devices such as audio and video devices that aid in processes of advanced patient monitoring. Multi-tier WSNs are gaining increasing popularity due to their cost-effectiveness, owing to low-energy consumption.

Prominent Regions

North America held a major share of the global ambulance services market in 2020. This can be attributed to increase in the adoption of advanced treatment approaches, and favorable reimbursement policies due to increase in geriatric and obese populations that are more susceptible to various chronic and acute diseases.

Europe held the second-largest share of the global ambulance services market in 2020. Major markets in Europe include Germany, France, the U.K., Spain, and Italy. According to the European Commission (EC), around 100 million people in Europe suffered from one or more physical disability in 2015, and this number is likely to increase during the forecast period due to rise in the incidence of accidents. This is likely to increase the demand for ambulances for transportation to hospitals. Therefore, the ambulance services market is anticipated to witness strong growth in Europe during the forecast period.

Asia Pacific accounted for a significant share of the global ambulance services market in 2020, and this market is expected to grow at rapid pace during the forecast period. Major markets in Asia Pacific include Australia & New Zealand, India, China, and Japan. Japan is a mature market for ambulance services due to the presence of various government rebates and favorable reimbursement policies for availing ambulance services by patients. The National Health Insurance (NHI) and Employees’ Health Insurance (EIS) Systems of Japan help provide reimbursements for the ambulance services fees entailed. Economic development in various countries such as India and China has led to rise in the disposable income of the population, which, in turn, has increased the affordability for various medical services by the patient population.

Key Players

Key players are expanding their footprint to strengthen their position in the global ambulance services market. Increase in the patient population and rapidly increasing number of trauma cases offer lucrative opportunities to key players to increase their share in the ambulance services market. Manufacturers engage in strategic acquisitions, collaborations, and distribution to expand their market share in the ambulance services market.

Prominent players operating in the global ambulance services market are Acadian Ambulance Service, Inc., Air Methods Corporation, Dutch Health B.V., Envision Healthcare Corporation, Falck A/S, London Ambulance Service NHS Trust, Air Medical Group Holdings, Inc., Scandinavian AirAmbulance, and Lufttransport AS.

Market Segmentation

By Mode of Transport

  • Ground Ambulances
  • Air Ambulances
  • Water Ambulances

By Equipment

  • Basic Life Support (BLS)
  • Advanced Life Support (ALS)

By Service

  • Emergency
  • Non-emergency

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Croatia
    • Greece
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • ANZ
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Report Scope

The Ambulance services market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Ambulance services market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Ambulance services market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ambulance services market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ambulance services market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Ambulance services capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Ambulance services by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ambulance services market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ambulance services market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ambulance services market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Ambulance services industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Ambulance services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ambulance services market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ambulance services market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ambulance services market. These factors have benefited the growth of the global market for Ambulance services. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ambulance services. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Ambulance services are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Featured Research Reports

  • Featured Research Reports

    Orthopedic Soft Tissue Repair Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Coagulation Analyzer Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Biological Implants Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Automated Dispensing Machines Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Neurodiagnostics Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...