Global Ambulance Services Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Transport, Emergency Services, Equipment & Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Forecast (2024 to 2029)

Updated On: January, 2024
ID: 12494
Pages: 190

Global Ambulance Services Market Size (2024 to 2029)

The global ambulance services market is predicted to be worth USD 73.08 billion by 2029 from USD 45.13 billion in 2024, growing at a CAGR of 10.12% during the forecast period.

Emergency medical services or paramedic services are other terms for ambulance services. Ambulance services assist in treating accidents and diseases that require immediate attention. Transport and ultimate care are frequently provided outside of the hospital for these services. These services are linked and integrated with communication and transportation networks, hospitals, trauma centers, specialist care centers, and rehabilitation facilities to provide the best treatment to patients. These service vehicles are designed for emergencies and are equipped with medical equipment to assist the patient. The medical professionals on these vehicles are professionally trained for first aid and the resurrector process and will do everything necessary to stabilize the patient's condition. These ambulance services include the vehicles, the professionals, the types of equipment, and the teams dedicated to emergency services. These services are often called through emergency numbers unique to every country. Therefore, they can be contacted directly by patients and also by hospitals and healthcare centers in need of immediate assistance. 

MARKET DRIVERS

The growing number of road accidents happening worldwide on a regular basis, the growing geriatric population, and favorable reimbursement policies majorly propel the ambulance services market growth.

Accidents on the road are becoming more common, necessitating prompt medical attention and ambulance assistance. In addition, CVD is one of the top causes of death worldwide, and it frequently necessitates emergency medical intervention, necessitating the usage of ambulance services. According to WHO statistics reports, 1.3 million people die yearly due to road accidents, and CVD claims around 17.9 million lives yearly. As a result, the market's growth is likely aided by increased cardiovascular diseases and accidents. The rising unhealthy lifestyles and obese populations worldwide led to more risks of strokes requiring emergency assistance. The growing geriatric population is also supporting the need for the market. According to statistics, the population aged 60 and above is expected to reach 2.1 billion by 2050, further necessitating the market as older people are more prone to emergencies. In addition, the growing cases of diabetes and epilepsy are leading to growing seizures that require emergency assistance to support the market growth. 

The introduction of multi-specialty ambulances equipped with modern tools and equipment to give timely and high-quality patient care has helped the healthcare industry immensely. Medical tourism is also rising due to improved healthcare facilities and ambulance services. The trip to the destination may be necessary to transfer patients to their treatment location due to the surge in medical tourism leading to growth in the market. In addition, the presence of a large population pool over the age of 60, which has a reduced immune level and is more susceptible to neurological disorders, heart difficulties, cancer, and spinal injuries, is also projected to be a high-impact rendering driver for market expansion over the forecast period. 

The growing climate change and rapid spread of pathogens leading to more patients and increased mortality rates support the need for these emergency ambulance services. In addition, the presence of trained paramedics in these vehicles helps stabilize the patients and save millions of lives. Additionally, the rising number of emergency centers with both public and private services with increased investment in improved healthcare leads to growth for the market. The different types of ambulance services, like air, ground, and water, cover an extensive range of problems leading to market growth. 

MARKET RESTRAINTS

Factors such as the risk of medication errors by a pharmaceutical expert and lower medical reimbursement rates in emerging countries are expected to impose an unfavorable impact on the growth rate of the global ambulance services market. In addition, the lack of ambulances in some of the geographies across the globe and qualified medical personnel is further estimated to hamper the aggressiveness of the market's growth rate.

Impact of COVID-19 on the Global Ambulance Services Market

The pandemic led to a severe impact on several markets due to the growing rates of unemployment and restrictions on production and sales. The healthcare department was one of the most strongly impacted sectors due to covid. The rapid influx of patients and the scarcity of available resources like, hospital beds and oxygen cylinders for the patients led to the need for faster and better emergency services. Therefore, the COVID-19 pandemic had a favorable effect on the market for ambulance services because of the increased need for ambulance services to provide emergency care to COVID-19 patients during the outbreak. The growing necessity and the focus on saving emergency covid patients led to more demand for ambulance services. As a result, the global ambulance services market is growing. Even if the crisis has eased, the market is projected to rise. Because of the new ambulance service providers worldwide, the rising number of accidents, the introduction of the latest ambulances, and the massive increase in hospitals owing to the epidemic, the global ambulance services market are expected to increase.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

Segments Covered

By Transport, Emergency Services, Equipment & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis; Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Market leaders profiled

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, and Medivic Aviation

 

SEGMENTAL ANALYSIS

Ambulance Services Market By Services

In 2023, the emergency services segment led the global ambulance services market. The segment is expected to increase at a significant rate during the forecast period The prevalence of cardiovascular disorders such as cardiac arrest, stroke, congestive heart failure, and increased incidence of COVID-19 can be ascribed to the rise of the emergency services segment. In addition, patients with severe injuries and diseases and those who require immediate medical attention are served by emergency ambulance services.

The non-emergency services are also expected to grow due to the rising cases of private ambulance services that work individually and can be arranged for the comfort of the patient in non-emergency cases. In addition, the growing cases of hospice care and remote care for older patients support the growth of this segment. 

Ambulance Services Market By Transport

During the forecast period, the air ambulance service segment is expected to grow faster among all medical transport services, such as air ambulances being critical in a medical emergency. Air ambulances have medical equipment and employees on board to offer medical care while in flight, whereas non-medically equipped and staffed planes transport patients and organs. Convenience, flexibility, and safety are just a few benefits of these services. In addition, the increased prevalence of chronic diseases such as cardiac arrests and other emergencies fuels the segment's growth.

Ground ambulance services are expected to dominate the market during the forecast period due to the growing cases of accidents and emergencies in households on the ground leading to market growth. 

Ambulance Services Market By Equipment

The Advanced Life Support (ALS) ambulance services segment led the market in 2023 in total revenue. Over the period, this segment is expected to increase at the fastest rate Due to increased awareness of life support services, a high incidence of cardiovascular diseases, and an increase in technologically advanced equipment and qualified personnel.

REGIONAL ANALYSIS

The presence of numerous significant market participants in this region, expanding demand for quality healthcare services, and well-established healthcare infrastructure have contributed to the North American ambulance services market  Furthermore, the prevalence of favorable reimbursement policies in developed countries is projected to fuel the market Medicare covers emergency and non-emergency ambulance services in the United States, provided they are deemed medically essential and the provider meets Medicare ambulance guidelines.

Every citizen in Germany must have public health insurance (Gesetzliche Krankenversicherung), which covers both non-emergency and emergency medical treatments Those with a high annual income frequently choose private health insurance (Private Krankenversicherung). Patients are more likely to seek emergency medical services due to the ease of payment provided by reimbursement rules, which is projected to boost the market's growth.

Over the forecast period, the market in the Asia Pacific ambulance services market is expected to develop at the fastest rate Huge untapped market potential, improved healthcare facilities and an increase in the incidence of road accidents are a few factors expected to propel the industry in the region forward Furthermore, road traffic injuries necessitate EMS, which is expected to fuel market expansion in the Asia Pacific In addition, government funding for healthcare infrastructure development is expanding, improving healthcare accessibility and affordability in this region.

KEY MARKET PARTICIPANTS

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, and Medivic Aviation are a few of the dominating companies operating in the global ambulance services market profiled in this report.

RECENT HAPPENINGS IN THIS MARKET

  • Mahindra introduced the BS-6 Supro ambulance in June 2020, which includes a foldable trolley, medical supplies, air conditioning, advertising, and internal lighting.
  • Air Methods announced the expansion of its collaboration with Anthem Blue Cross and Blue Shield in April of this year. As a result, in six states in the United States, its services may be included in its in-network health coverage advantages.
  • HIPPO Mobility, the United Kingdom's first technology-driven, specialized, asset-light, and cost-effective transportation service for disabled, aged, and non-emergency patients, debuted in October 2020 by Advatech Healthcare Europe.
  • In September 2020, the International Critical Air Transfer Team (ICATT) and the Kyathi in Bangalore, Karnataka, India, established the country's first integrated air ambulance service.
  • On April 12, 2023, Medic 1 took over the ambulance responsibilities for many health care services that had pride ambulance services after a meeting. The company is set on taking over the entire north Berrien region.

DETAILED SEGMENTATION OF THE GLOBAL AMBULANCE SERVICES MARKET INCLUDED IN THIS REPORT

This research report on the global ambulance services market has been segmented and sub-segmented based on transport, emergency services, equipment, and region.

By Services

  • Emergency Services
  • Non-emergency Services

By Transport

  • Ground Ambulance Services
  • Air Ambulance Services
  • Water Ambulance Services

By Equipment

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

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

Who are the major companies in the ambulance services market?

Companies playing a significant role in the global ambulance services market are 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, and Medivic Aviation.

What was the value of the global ambulance services market in 2024?

The global ambulance services market size was valued at USD 37.22 billion in 2022.

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