The Global Market for Ambulance Services is Projected to Reach US$42.6 Billion by 2024

January 02, 2018

Increase in Connectivity, Improvement in Emergency Preparedness and the Resulting Effective Use of Emergency Care to Drive the Global Market for Ambulance Services, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Ambulance Services market. The global market for Ambulance Services is projected to reach US$42.6 billion by 2024, driven by the increasing number of emergency calls, increasing government support, improving healthcare infrastructure and improvement in emergency preparedness.

Ambulance services are an integral and one of the most mobile components of a country’s health care system. Characterized by its distinctive capacity to coordinate, manage and provide critical care under extreme circumstances, demand for Ambulance Services is increasing worldwide. Offered by private or municipal agencies, ambulance services comprise a range of services, including emergency and emergency patient transport, treatment of patients at the point of incident, transport to an emergency department or a non-acute care facility, and shifting to alternative healthcare professionals in case of referrals. Overcrowding of Emergency Departments in healthcare facilities, increasing occurrences of road accidents and natural calamities, rising world population, increasing instances of critical health related issues, growing community health awareness and a rapidly aging population are the major factors driving growth. Societal and lifestyle transformations leading to disorders such as obesity and instances associated with alcohol and drug intoxications among others are also pushing demand for specialty ambulance services. Demographic changes such as significant growth in population, aging population and rapid urbanization are fueling demand for ambulance services in developed and developing markets.

Increasing demand for air ambulance services, which benefits from shorter transportation times and reach to more remote areas apart from featuring sophisticated equipment and well-trained personnel is surging the market for ambulance services. Growth in the future will be driven by technological advances assisting in improving safety and functionality of ambulances. Technological advancements have raised the level of sophistication of ambulance services, and they play an extremely crucial role that extends beyond patient transportation to hospitals, and treating patients. Provision of hi-tech lifesaving equipment operated by medically trained personnel, adoption of new software in dispatch centers, and installation of advanced medical assistance equipment are favoring service adoption. Growing integration of mobile technology and use of advanced wireless devices for more efficient and innovative service offerings are assisting in improving response times and in-ambulance medical attention. However, issues such as longer response times in certain markets, inaccessibility to remote locations, higher costs of air ambulance services, reimbursement issues and policy level implications in some markets threaten to derail growth in the market through the analysis period.

As stated by the new market research report on Ambulance Services, the U.S. represents the largest market worldwide. Regulatory support, established healthcare and ambulance services infrastructure, aging population, higher awareness and growing number of emergency incidents place developed markets in North America and Europe at the forefront of ambulance service adoption. Rest of World represents the fastest growing market worldwide, with a CAGR of 8% through the analysis period. Demand in the region is driven by growing population, rapid urbanization, increasing incidence and prevalence of chronic illnesses, improving healthcare and rising awareness.

Major players in the market include Acadian Ambulance Service Inc., Air Methods Corporation, AirMed International LLC, Envision Healthcare, American Medical Response, Rural/Metro Corporation, Falck A/S, and London Ambulance Service NHS Trust, 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 for Ambulance Services in value terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Australia and Rest of World. The report also analyzes the US market by the ambulance services market by service types – Emergency and Non-Emergency services.

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