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Ambulance Services Market

Ambulance Services Market: Information by Transport Vehicle (Ground Ambulance, Air Ambulance), Services (Emergency Services and Non-emergency Services), and Region — Forecast till 2030

Published At : 18 Aug, 2022
Updated At : 12 Sep, 2022
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Market Snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
10.72 %
Fastest Growing Market:
Asia-Pacific
Largest Market:
North America

The global ambulance services market size was valued at USD 41.40 billion in 2021. It is projected to reach USD 103.52 billion by 2030, growing at a CAGR of 10.72% during the forecast period (2022–2030). Ambulances are provided with the necessary amenities, including defibrillators, monitors, ventilators, continuous oxygen supply, and others, by service providers in this sector. Emergency pre-hospital treatment, stabilization of severe illnesses and injuries, and patient transport services are provided by ambulances or ambulance services. Pre-hospital care provided by ambulance services is a crucial link between medical care and disaster management systems.

The range of ambulance services includes providing emergency medical treatment and planning prompt patient transportation to the next level of care. Global emergency medical services (EMS) have developed, which can significantly improve the efficiency of the healthcare system. According to the World Health Organization, an efficient and effective healthcare system must include the EMS system.

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Market Dynamics

Global Ambulance Services Market Drivers

Growing Emphasis on Air Ambulance

The demand for emergency ambulance services using drones and helicopters for rescue operations and delivering blood and organs to patients and victims has increased ongoing improvements in the market. The market for ambulance services is anticipated to grow due to rising security concerns and the growing demand for fixed-wing aerial ambulances for long-distance medical missions. Additionally, the current market trend is focused on creating passenger drones, which is anticipated to help the air ambulance industry expand.

Growing Incidents of Trauma, Stroke, and Heart Attacks

The World Health Organization (WHO) estimates that a million people in Europe and 0.8 million Americans experience a stroke yearly and over 4 million suffer severe injuries in car accidents. In addition, the absence of timely ambulance services at various locations contributes to over 18 million deaths yearly from cardiovascular diseases. In many cases of trauma, stroke, and heart attacks, time-dependent medical or surgical intervention is necessary. As a result of the increase in heart attacks, strokes, and trauma cases, there is better space for expanding ambulance services globally.

Global Ambulance Services Market Restraint

High Cost of Air Medical Services

Ambulance service charges are significantly more expensive than other types of services. Also, the reimbursement rates for ambulance services in the United States are low compared to the billing of air medical service providers. Medicare and Medicaid only cover 60% and 34% of the average cost of air medical transport, leaving patients with a significant financial burden. These factors are hampering the global ambulance services market's growth.

Global Ambulance Services Market Opportunities

Rapid Technological Advancements

As a result of advanced medical technology, the standard of care provided to patients being transported in air ambulances is rising. Additionally, real-time information about a patient's health can be transmitted to hospital specialists thanks to technologically advanced communication systems, allowing the medical staff to prepare for emergencies. Air ambulances are now prepared with critical care tools like a ventilator, heart monitor, and defibrillator to provide patients with emergency medical care.

Segmental Analysis

The global ambulance services market is segmented by transport vehicles, emergency services, and equipment.

By Vehicle

Based on vehicle, the market is divided into ground ambulance, air ambulance, and water ambulance.

The ground ambulance segment dominates the global ambulance service market. Ground ambulances include Vans, pickup trucks, cars, SUVs, motorcycles, bicycles, all-terrain vehicles, golf carts, and buses. Increased cardiovascular disease cases in this area are predicted to drive segment growth.

By Services

Based on services, the market is categorized into emergency services and non-emergency services.

The emergency services segment dominates the market and is expected to grow significantly during the forecast period. The growth of the emergency services industry is related to the prevalence of cardiovascular diseases like cardiac arrest, stroke, congestive heart failure, and an increase in COVID-19 cases globally. Emergency ambulance services are provided to patients needing immediate medical attention and severe injuries or illnesses.

By Equipment

Based on the equipment segment, the market is bifurcated into Advanced Life Support (ALS) and Basic Life Support (BLS) ambulance Services. Advanced Life Support (ALS) ambulance services dominates the global ambulance services market during the forecast period. The number of people suffering from cardiac arrest is anticipated to boost the ALS market.

Regional Analysis

The global ambulance services market is segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

Regional Growth Insights Request Sample Pages

North America is the largest global ambulance services market shareholder, generating the highest revenue share. The growth can be attributed to several key market players, the increasing demand for high-quality healthcare services, well-established healthcare infrastructure, and favorable reimbursement policies and regulatory reforms in the healthcare sector. The Asia-Pacific region is expected to experience the highest CAGR due to increasing geriatric populations in China, India, and Japan.

Competitive Analysis of the Global Ambulance Services Market

  • 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

Recent Developments

  • January 2022- Acadian Ambulance Expands Operations to Nashville. Acadian Ambulance Service acquired MedicOne Medical Response's operations in Tennessee, Mississippi, and Texas.
  • April 2022- Envision Healthcare, a leading national medical group, announced that certain of its subsidiaries entered into new senior secured first and second lien financing facilities. The new first-lien credit facility in the aggregate amount of USD 1.3 billion consists of an initial USD 1.1 billion funding and a USD 200 million delayed draw term loan. Separately, the new second lien facility consists of loans in the aggregate amount of approximately USD 1.3 billion.
  • June 2022- Paramedic's passionate plea to cut road deaths A London Ambulance Service NHS Trust paramedic is supporting a campaign to improve safety and reduce deaths on London roads after responding to 999 calls.

Global Ambulance Services Market: Segmentation

By Transport Vehicle 

  • Ground Ambulance
  • Air Ambulance
  • Water Ambulance

By Services 

  • Emergency Services
  • Non-emergency Services

By Equipment 

  • Advanced Life Support (ALS) Ambulance Services
  • Basic Life Support (BLS) Ambulance Services

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
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