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

Published Date : Apr 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Ambulance Services market size is expected to be worth around US$ 77.7 billion by 2030, according to a new report by Vision Research Reports.

The global Ambulance Services market size was valued at US$ 42.2 billion in 2020 and is anticipated to grow at a CAGR of 10.6% during forecast period 2021 to 2030.

Growth Factors

The growth of the market is due to favorable reimbursement policies in developed nations. In the U.S., Medicare covers both non-emergency and emergency ambulance services for medically necessary cases, if the supplier fulfills stipulated requirements. In some circumstances, Medicare also covers unscheduled and irregular non-emergency trips. Medicare covers 80.0% of the approved amount for emergency medical services and the remaining 20.0% is covered by the supplemental insurance policy of the patient. In New Jersey, Pennsylvania, and South Carolina, for repetitive, non-emergency trips, patients need prior authorization from Medicare Administrative Contractor (MAC). However, Medicare does not pay for ambulates (wheelchair-accessible vans that provide non-emergency transportation services).

In Victoria, Australia, patients can avail of emergency medical services by securing membership with Ambulance Victoria, which offers emergency medical services at subsidized prices. Ambulance Tasmania provides free emergency medical services to residents of Tasmania. Residents of Queensland (Australia) are covered with the cost of emergency services across Australia, by the QLD state government. Similarly, in the U.K., the public healthcare system provides free emergency and non-emergency medical services. In addition, patients receive NHS funding for their treatment. In Germany, public health insurance (Gesetzliche Krankenversicherung) is compulsory for every citizen and this insurance also covers non-emergency and emergency medical services. Private health insurance (Private Krankenversicherung) is usually opted by those who have high yearly income. Ease of payment through reimbursement policies encourages patients to opt for emergency medical services more frequently, which is likely to bolster the growth of the market.

Report Highlights

The ground ambulance segment dominated the market and held the largest revenue share of 49.5% in 2020. Ground ambulance includes van or pickup trucks, car/SUV, motorcycle, bicycle, all-terrain vehicles, golf cart, and bus. In the U.S., there are four types of ambulances—Type I, Type II, Type III, and Type IV. Type I includes vehicles with heavy truck chassis, which are used for rescue services, and Advanced Life Support (ALS). Type II includes vans or pickup trucks that are used to transfer patients for Basic Life Support (BLS). Type III is vehicles based on van-based chassis that function similarly to Type I ambulances. Type IV is for ad hoc patient transfer using small utility vehicles. Different regions have prescribed standards for the design of an ambulance pertaining to exterior marking, level of equipment, and crash resistance.

The air ambulance segment is anticipated to witness the fastest growth rate over the forecast period. Air ambulance services use airplanes, fixed-wing aircraft, or helicopters for patient transportation from the site of the accident to the healthcare facilities. These services are generally used to evacuate and rescue critically ill or injured patients and they are lesser used for patient transfer from hospital or healthcare facilities. Air ambulance services are faster than ground ambulance and water ambulance services and can quickly reach remote areas where ground and water ambulance services are unable to reach. The major pitfall associated with air ambulance services is its high operational cost.

The emergency services segment dominated the market and held the largest revenue share of 61.5% in 2020. The segment is anticipated to witness a considerable growth rate over the forecast period. The growth of the emergency services segment can be attributed to the prevalence of cardiovascular diseases such as cardiac arrest, stroke, congestive heart failure, and rising cases of COVID-19 across the globe.

Emergency ambulance services are provided to patients with acute injury or illness and to those who are in urgent need of medical attention. The emergency ambulance services are equipped with BLS, ALS, paramedics, and Emergency Medical Technicians (EMT). Every nation has emergency numbers for calling emergency ambulance services to the accident scene, such as 911 in the U.S., 999 in the U.K., and 108 in India. Emergency ambulance services provide on-site medical and healthcare treatment to the patient and transport them to the healthcare facilities. Some of the companies offering such services are Envision Healthcare Holdings, Inc.; Acadian Ambulance Service, Inc.; BVG India Ltd.; Falck A/S; Air Medical Group Holdings, Inc.; and Ziqitza Health Care Limited.

The Advanced Life Support (ALS) ambulance services segment dominated the market and held the largest revenue share of 67.5% in 2020. The segment is anticipated to witness the fastest growth rate over the forecast period. The segment is expected to witness rapid growth owing to rising awareness about life support services, high incidence of cardiovascular disorders, and an increase in technologically advanced equipment and trained personnel. ALS is the extension of BLS, which provides adequate ventilation and an open airway, and requires medical monitoring, drug therapy, and IV therapy. It also covers cardiac arrest conditions.

ALS is the next level of emergency care services and includes a set of life-saving skills and protocols. ALS ambulances are equipped with vascular access equipment, cardiac arrest treatment equipment, nebulizer, glucometer, large-bore needle, medications, and pre-loaded needles, over and above the BLS equipment. ALS ambulance is required for patients who need a higher level of care during transport such as a patient on a cardiac monitor, potential airway-compromised patient, and obstetrical patients.

North America dominated the ambulance services market and accounted for the largest revenue share of 47.9% in 2020. The segment is expected to witness a CAGR of 10.0% over the forecast period. The growth can be attributed to factors such as the presence of several key market players in this region, growing demand for high-quality healthcare services, well-established healthcare infrastructure, and favorable reimbursement policies and regulatory reforms in the healthcare sector. The emphasis of the U.S. healthcare system on quality of care and value-based services has led to market growth. In addition, the emergence of community paramedicine in North America has also contributed to the large market size of this region. Community paramedicine allows Emergency Medical Services (EMS) providers, who offer an array of services including preventive and primary care, to function outside their traditional emergency response and transport roles. The introduction of such novel concepts and growing consumer demand for better services in this region have propelled the growth of the market in North America.

In Asia Pacific, the market is expected to witness the fastest growth over the forecast period. Huge untapped market potential, improvements in healthcare facilities, and an increase in the number of road accidents are some of the factors likely to drive the growth of the market in the region. In addition, road traffic injuries require EMS, which is likely to drive the growth of the market in Asia Pacific. Government spending on the development of healthcare infrastructure is increasing, which may improve the accessibility and affordability of healthcare in this region.

Key Players

  • Envision Healthcare

  • London Ambulance Service NHS Trust

  • Acadian Ambulance Service

  • BVG India Limited

  • America Ambulance Services, Inc.

  • Falck Denmark A/S

  • AIR MEDICAL GROUP HOLDINGS, INC. (AMGH)

  • Air Methods Corporation

  • Ziqitza Healthcare Limited

  • MEDIVIC AVIATION

Market Segmentation

  • Transport Vehicle Outlook

    • Ground Ambulance

    • Air Ambulance

    • Water Ambulance

  • Emergency Services Outlook 

    • Emergency Services

    • Non-emergency Services

  • Equipment Outlook 

    • Advanced Life Support (ALS) Ambulance Services

    • Basic Life Support (BLS) Ambulance Services

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

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 2030. 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 2017 to 2030. 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.

The 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:

  • Historic 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.

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