According to a new report Global Ambulance Services Market, published by KBV research, The Global Ambulance Services Market size is expected to reach $31.8 billion by 2025, rising at a market growth of 4.9% CAGR during the forecast period. Owing to favorable reimbursement policies, rising medical tourism, increasing number of road accidents, and increasing geriatric population, demand for ambulance services is on the rise.
Emergency services retained a commanding share in 2019, and are predicted to see the highest rate of growth over the projected period. Segment growth can be linked to the prevalence of cardiovascular diseases such as heart arrest, stroke, and congestive cardiac failure.
Ground ambulance services served the largest market share in 2019, owing to their reliability and high usage levels. Ground ambulance includes trucks for van or pick-up, car/SUV, motorcycle, bicycle, all-terrain, golf cart, and bus.
Due to increased awareness of life support facilities, high incidence of cardiovascular disorders, and increased technologically advanced equipment and skilled staff, the ALS facilities segment is expected to see rapid growth. ALS is the extension of BLS, offering adequate ventilation and open airways and required medical monitoring, drug therapy, and IV therapy. It also includes conditions related to cardiac arrest.
In the regional market, North America had the largest market share in 2019. This growth can be attributed to factors like the presence of several main players on the market in this area, increased demand for high-quality healthcare facilities, well-established healthcare infrastructure, and favorable healthcare reimbursement policies and regulatory reforms. The Asia Pacific region is expected to see the highest rate of growth over the projected period. Some of the factors likely to drive demand growth in the Asia Pacific are massive untapped market potential, developments in healthcare facilities and an increase in the number of road accidents.
Structural Insights: https://www.kbvresearch.com/ambulance-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Falck A/S, Babcock International Group PLC (Scandinavian AirAmbulance), Acadian Ambulance Service, Inc. (Acadian Companies), Medivic Pharmaceutical Pvt. Ltd. (Medivic Aviation), BVG India Ltd., America Ambulance Services, Inc., Air Methods Corporation (ASP AMC Intermediate Holdings, Inc.), Global Medical Response, Inc., Ziqitza Health Care Limited, and Dutch Health B.V.
Global Ambulance Services Market Segmentation
By Transport Type
- Ground Ambulance Services
- Air Ambulance Services and
- Water Ambulance Services
- Emergency Ambulance Services and
- Non-Emergency Ambulance Services
- Advance Life Support and
- Basic Life Support
- Rest of North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Falck A/S
- Babcock International Group PLC (Scandinavian AirAmbulance)
- Acadian Ambulance Service, Inc. (Acadian Companies)
- Medivic Pharmaceutical Pvt. Ltd. (Medivic Aviation)
- BVG India Ltd.
- America Ambulance Services, Inc.
- Air Methods Corporation (ASP AMC Intermediate Holdings, Inc.)
- Global Medical Response, Inc.
- Ziqitza Health Care Limited
- Dutch Health B.V.
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AUTOR: KBV Research