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.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more