Global Ambulance Services Market Is Expected to Reach USD 89.2 Billion By 2030

The global ambulance services market size was worth around USD 42.4 Billion in 2022 and is expected to reach USD 89.2 Billion by 2030, growing at a compound annual growth rate (CAGR) of 9.76% during the forecast period.

An ambulance is a specially designed vehicle used to transport sick or injured people to medical facilities, typically in emergency situations. Ambulances are staffed by trained medical professionals, such as paramedics or emergency medical technicians (EMTs), who provide on-site medical care and transportation to hospitals or other medical facilities. Ambulances are equipped with a variety of medical equipment and supplies, including oxygen tanks, defibrillators, and medications. They may also be equipped with advanced technologies, such as telemedicine, to provide real-time medical consultation and support. Ambulances play a critical role in emergency medical services and are essential for ensuring the timely and safe transport of patients to medical care.

The global ambulance services market is expected to surge exponentially due to the increasing incidence of chronic diseases and injuries, aging populations, advancements in EMS technology, government initiatives to improve emergency medical services, and growing demand for emergency medical services in developing countries. Besides, the development of new and innovative technologies can improve the quality and efficiency of ambulance services, such as telemedicine and smart ambulances.

There is also growing demand for community paramedicine programs, which provide preventive and primary healthcare services in the community. Additionally, the aging population and the rise in chronic diseases create opportunities for ambulance services to provide more specialized and comprehensive care to these populations. However, the Ambulance Services Market also faces several restraints and challenges. These include the high cost of ambulance services, which can limit demand, especially for uninsured or underinsured patients. A shortage of qualified EMS personnel can also hinder the quality and availability of services.

The global ambulance services market is segmented into type, mode of transport, equipment, and region.

Based on type, the market is bifurcated into emergency and non-emergency medical transport. The emergency medical transport segment held the largest market share in 2022 and is further predicted to grow rapidly at a notable CAGR during the forecast period. This is mainly because the emergency segment is a critical component of the overall Ambulance Services Market, as emergency medical services (EMS) play a vital role in saving lives and improving patient outcomes. Advances in EMS technology, such as telemedicine and GPS tracking, have enhanced the ability of emergency services to respond quickly and effectively to medical emergencies. These factors drive the growth of the segment.

Based on equipment type, the market is segregated into basic life support ambulance service, and advanced life support ambulance.

Based on mode of transport, the market is segmented into ground, water, and air. The ground ambulance segment held the dominating market share in 2022 and is further projected to cite the fastest CAGR during the forecast period. The ground ambulance segment is a mode of transport in the Ambulance Services Market, which includes vehicles that travel on roads and highways to transport sick or injured individuals to medical facilities. Ground ambulances are the most common type of ambulance used in the market, providing a range of services from basic life support to advanced life support. The ground ambulance segment is a critical component of the overall Ambulance Services Market, as it provides timely and efficient transportation of patients to medical facilities, particularly in areas where air transportation is not practical or available. In addition, ground ambulances are equipped with a range of medical equipment and supplies, including oxygen tanks, defibrillators, and medications, and staffed by trained medical professionals, such as paramedics or emergency medical technicians (EMTs).

Based on region, the North American region held the largest market share in 2022 and is further predicted to grow notably during the forecast period. The Ambulance Services Market in North America is experiencing steady growth, driven by a range of factors such as the increasing demand for emergency medical services, advancements in technology, and favorable government initiatives. The region has a well-established healthcare infrastructure and a high prevalence of chronic diseases, which is contributing to the demand for ambulance services. Additionally, the increasing investment in healthcare facilities and infrastructure is further boosting the growth of the Ambulance Services Market in North America.

This review is based on a report by Zion Market Research, titled “Ambulance Services Market By Type (Emergency, Non-Emergency), By Mode Of Transport (Ground, Water, Air), By Equipment Type (Basic Life Support Ambulance Service, Advanced Life Support Ambulance), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/ambulance-market

Recent Developments

• In 2021, American Medical Response (AMR), one of the largest ambulance service providers in the U.S., announced the acquisition of LifeLine Ambulance, a private ambulance service provider based in Connecticut. The acquisition expands AMR's footprint in the Northeastern U.S. In addition, many ambulance service providers have formed partnerships with hospitals and healthcare organizations to improve patient care and outcomes.
• In August 2021, Falck, a dominant company that provides sustainable healthcare and reliable emergency response services announced that it had signed a five-year contract with the Welsh Ambulance Service, a national ambulance service for Wales, to provide emergency ambulance services in South East Wales region. The contract is valued at approximately £35 million and will provide emergency medical services to over 1.4 million residents.

The global ambulance services market is dominated by players such as:

• Babcock Scandinavian AirAmbulance
• Acadian Ambulance Service
• AMR
• Medline Industries Inc.
• Falck USA
• Lifeguard Ambulance
• Medivic Ambulance
• Medstar Ambulance
• Life Line Ambulance
• Priority Ambulance
• Dutch Health BV
• GVS
• Mobile Health Services
• AmeriCare Medical
• America Ambulance Services
• BVG India Limited
• Falck Denmark
• Air Methods
• Harmonie Ambulance
• Ziqitza Health Care
• Aeromedevac
• SHM Shipcare

Global ambulance services market is segmented as follows:

By Type

• Emergency
• Non-Emergency

By Mode Of Transport

• Ground
• Water
• Air

By Equipment Type

• Basic Life Support Ambulance Service
• Advanced Life Support Ambulance

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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