The Global Market for Ambulance Services is Projected to Exceed US$63 Billion by 2020

Aging World Population & the Rising Need for Geriatric Emergency Care Drive Demand for Ambulance Services, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Ambulance Services.  The global market for Ambulance Services is projected to exceed US$63 billion by 2020, driven by the growing demand for emergency and non-emergency medical care by the elderly. 

Ambulance services represent an integral and the most mobile part of a country’s healthcare system. Offered by either a private or public agency, ambulance services play a pivotal role in meeting emergency healthcare needs. These services are characterized by its distinctive capacity to coordinate, manage and provide critical care under extreme circumstances. Advancements in healthcare systems, high awareness and focus on improving patient outcomes will drive future growth in the market. Demand for ambulance services across developed and developing countries will also be driven by changes in social support, rise in road accidents and natural calamities, prevalence of critical health conditions, and growing community health awareness. Rise in the number of elderly patients and their complex medical needs will also benefit demand for ambulance services in the coming years. Also driving growth in the market are anticipated legislative changes focusing on providing improved paramedic care, and increased private insurance coverage of ambulance expenditure. 

Modern day ambulance services fulfil a broad range of healthcare needs including non-emergency and emergency patient transport, urgent primary care and shifting to alternative healthcare sites in case of referrals. Technological advancements have raised the level of sophistication of ambulance services beyond mere patient transportation to providing pre-hospital emergency care. Today, ambulance vehicles are equipped with hi-tech lifesaving equipment operated by trained paramedical personnel. Another important area that will significantly benefit market expansion in the coming years is the integration of mobile technology for more efficient and innovative service offerings.

As stated by the new market research report on Ambulance Services, Europe represents the largest market worldwide, followed by the United States, supported by robust ambulance infrastructure at national, regional, and local/municipal levels.  The growth in these markets is led by the increase in the number of hospital admissions among the elderly.  

Key players covered in the report include Acadian Ambulance Service Inc., AirMed International LLC, Air Methods Corporation, Envision Healthcare, American Medical Response, Falck A/S, London Ambulance Service NHS Trust, and Rural/Metro Corporation, among others.

The research report titled “Ambulance Services: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Australia and Rest of World.