By 2028, the North American market size for ambulance services is expected to be worth USD 21.86 billion from USD 13.87 billion in 2023, showcasing a CAGR of 9.52% from 2023 to 2028.
Y-O-Y rise in the number of people suffering from chronic diseases in North American countries drives the ambulance service market. By 2022, the World Health Organization expects a 58% increase in the prevalence of chronic diseases. As a result, increased demand for healthcare systems due to chronic disease has become a significant concern. The vast US healthcare expenditures of $3.8 trillion annually are due to chronic diseases. According to the CDC, tobacco use, poor nutrition, inactivity, and alcohol are the four main preventable risk factors for chronic disease. All these factors rise the use of ambulance services in the region. In the United States, heart disease is the leading cause of death. One person dies every 34 seconds in the United States from cardiovascular disease. Nearly 697,000 people in the United States died from heart disease in 2020.
Y-O-Y growth in the number of road accidents is also anticipated to boost the development of the ambulance services market in North America. As per the statistics published by WHO, almost 1.3 million people's lives are ended because of traffic accidents each year. Also, around 20 to 50 million people suffer from non-fatal injuries. In the United States, there were 35,766 fatal motor vehicle accidents in 2020, leading to 38,824 deaths. As a result, there were 1.34 deaths per 100 million miles travelled and 11.7 fatalities per 100,000 people.
Increasing medical tourism is another factor promoting the ambulance services market in North America. Medical tourism is person travels to another country for medical care. Locations for medical tourism offer hospitals with the latest tech and highly skilled doctors or specialists. Medical tourists or patients can receive prompt, high-quality care from these professionals at very affordable prices. Millions of Americans travel abroad for medical care each year. Mexico, Canada, and nations in Central America, South America, and the Caribbean are popular places for medical tourists from the United States, requiring ambulance services.
On the other hand, climatic changes, lack of well-equipped ambulances, lack of sufficient ambulances, lack of funding, and widespread workforce are restraining the growth of the ambulance services market in North America.
This research report on the North American ambulance services market has been segmented and sub-segmented into the following categories.
Ground Ambulance Services
Air Ambulance Services
Water Ambulance Services
Basic Life Support (BLS) Ambulance Services
Advanced Life Support (ALS) Ambulance Services
The United States
Rest of North America
North America had the most significant global ambulance services market share in 2022 due to its high-quality healthcare services and increasing geriatric population. The increasing older population is another factor that drives the market forward. In the United States, ambulances provide medical care and transport to definitive care for those in need. About 14 percent of the U. S. population is 65 and older. This number is expected to grow to 88.5 million by 2050, when people over 65 will make up 20 percent of the population. The aging population is more prone to chronic diseases, which leads to the need for ambulance services driving the market forward. For example, asthma is present in 8.3% of Americans. 20.4, or 26.5 million, of those people are adults and require the urgent need of ambulances in severe conditions.
Air ambulance is an advanced ambulance service. Air Methods, the largest provider of air medical services in the US, said that it has expanded its partnership with Anthem Blue Cross and Blue Shield and is now approved by the plans' in-network health benefits in six more states. Over 550,000 patients in the United States use air ambulance services each year, according to the Association of Air Medical Services. In recent decades, demand for air ambulance services has increased significantly.
Each year, an estimated 35,000 cardiac arrests occur in Canada, resulting in the need for ambulances. As a result of the lack of immediate medical care, the market for ambulance services in Canada is expanding. The ambulance is equipped with advanced technologies like heart monitors, ventilators, and defibrillators that offer preliminary emergency medical care to the patients.
KEY MARKET PLAYERS:
Companies playing a notable role in the North American ambulance services market profiled in this report 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.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: firstname.lastname@example.org