According to the latest report by IMARC Group “Ambulance Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global ambulance services market size reached US$ 49.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.89% during 2023-2028.
Ambulance or paramedic services refer to emergency medical facilities deployed to transport patients requiring immediate medical attention due to an illness or injury. These services use specialized air, ground, and water vehicles to reach the emergency site. They are available for both emergency and non-emergency situations and are equipped with tools for Advanced Life Support (ALS) and Basic Life Support (BLS) for the patients to deal with medical and trauma-related emergencies. As a result, ambulance services are linked and coordinated with communication and transportation networks, specialty care centers, rehabilitation facilities, hospitals, and trauma centers to ensure patients receive quick and efficient care.
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Market Trends:
The market is primarily driven by the expanding healthcare sector. In addition, the growing instances of road accidents, natural calamities, and medical illnesses requiring immediate medical care are contributing to the market growth. Moreover, the increasing prevalence of chronic diseases, the growing geriatric population, and the recent onset of the coronavirus disease (COVID-19) pandemic represent other major growth-inducing factors. Besides this, the availability of multi-specialty ambulances equipped with innovative equipment and tools to provide prompt and high-quality patient care is also providing a positive thrust to the market growth. In line with this, the implementation of favorable government policies aimed at promoting public health, along with significant improvements in the healthcare infrastructure, are propelling the market growth. Furthermore, the widespread adoption of air ambulances to transport patients conveniently and safely with critical conditions and infectious diseases is influencing the market growth.
Breakup by Transport Vehicle:
- Ground Ambulance
- Air Ambulance
- Water Ambulance
Breakup by Emergency Services:
- Emergency Services
- Non-Emergency Services
Breakup by Equipment:
- Advanced Life Support (ALS) Ambulance Services
- Basic Life Support (BLS) Ambulance Services
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Acadian Ambulance Service Inc.
- Air Methods Corporation
- America Ambulance Services Inc.
- Babcock International Group PLC
- BVG India Limited
- Dutch Health B.V.
- Falck A/S
- Global Medical Response Inc.
- London Ambulance Service NHS Trust
- Medivic Pharmaceutical PVT LTD
- Ziqitza Healthcare Limited.
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