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2023

Ambulance Services Market

Ambulance Services Market Size, Share, Competitive Landscape and Trend Analysis Report by Mode of Transportation (Air Ambulance, Ground Ambulance, Water Ambulance), by Service Type (Emergency Medical Transport, Non-emergency Medical Transport), by Operating Type (Public Private Partnership, Government, Private, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Ankush Dilip Kawalkar| Neha Mittal | Surya Sanka
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Ambulance Services Market Statistics

The global ambulance services market size was valued at $40.6 billion in 2021, and is projected to reach $94.2 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031. Established and emerging players are offering new and sophisticated ambulance services to provide patients with a high degree of comfort and medical care. This is projected to fuel the demand for ambulance services. The Odisha State Government Health Department inaugurated the first-ever boat ambulance service in Batighar, Kendrapara district, in 2019. Many riverbank communities in Odisha continue to rely on passenger boats, which are not available at night. During medical situations, the boat ambulance service is critical. The government intends to launch five more of these vessels in the near future.

Ambulance Services Market

A medically equipped vehicle called an ambulance is used to transfer people to healthcare institutions like hospitals. Typically, the patient receives out-of-hospital care while being transported. Emergency medical services (EMS) use ambulances to respond and provide critical transportation in the event of a medical emergency. Air ambulances are outfitted with medical equipment and medical personnel to provide medical treatment in flight, whereas non-medically equipped and staffed aircraft aid in the transfer of patients and organs. These services provide a variety of advantages, including convenience, flexibility, and safety. The key difference is that they go farther and quicker. They are typically requested when a patient must travel great distances and requires specific medical care along the route.

Unfortunately, there are several limits to transferring a patient via air ambulance. One significant constraint of helicopter or aircraft transportation is the need for specialized equipment and skilled medical personnel to execute the essential procedures. Ambulance services are anticipated to restrain the market's growth because passengers on military or civilian transport aircraft are frequently unable to provide this level of care for patients.

Impact of COVID-19 on the Global Ambulance Services Industry

  • The COVID-19 outbreak had a positive impact on the ambulance services market. The growing demand for ambulance services to offer emergency care to COVID-19 patients during the outbreak is driving the market's growth.
  • The COVID-19 pandemic has had a significant impact on the air ambulance business. The operators must take additional caution to ensure that the patients do not contract the virus, as the danger of infection is increased owing to their critical situations.
  • Due of the COVID-19 health emergency, the majority of large manufacturers are focusing on numerous measures to combat the COVID-19 pandemic. For example, during the pandemic crisis in June 2020, Mahindra announced the debut of the BS-6 Supro ambulance.
  • The COVID-19 outbreak has placed unprecedented strains on National Health Service (NHS) workers and resources, and ambulance crews have been operating under constant operational stress. This study investigates the effect of current conditions on NHS worker health, well-being, and future job intentions, specifically whether to stay or quit the NHS.

Segments Overview

The global ambulance services market forecast report is segmented on the basis of mode of transportation, service type, emergency ground ambulance, operating type, and region. As per mode of transportation, the market is sub-segmented into air ambulance, ground ambulance, and water ambulance. According to service type, the market is classified into emergency medical transport, and non-emergency medical transport. Depending on emergency ground ambulance, the market is classified into basic life support ambulance, and advance life support ambulance. By operating type, the market is classified into public private partnership, government, private, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By Mode of Transportation

By mode of transportation, the ground ambulance sub-segment dominated the market in 2021. A ground ambulance is a vehicle that is prepared, cared for, and sufficiently permitted to carry patients by road to their destination, such as hospitals with resources. Land ambulances are ambulances that are used to transport injured or sick people. They can supply the medical assistance that is urgently required. The medical personnel who treat the patient initially are the backbone of every ambulance service. These are predicted to be the major factors affecting the ambulance services market size during the forecast period.

Ambulance Services Market by Mode of Transportation

By Service Type

By service type, the emergency medical transport sub-segment dominated the global ambulance services market share in 2021. Emergency medical transportation required for a client with an emergency medical condition as defined in the emergency medical services rule necessitates the use of a skilled medical professional such as an Emergency Medical Technician (EMT) and immediate transport to a location, usually a hospital, where appropriate emergency medical service is available. These are predicted to be the major factors affecting the ambulance services market size during the forecast period.

Ambulance Services Market by Service Type

By Operating Type

By operating type, the government sub-segment dominated the global ambulance services market share in 2021. Government regulations that support the healthcare industry and reimbursement strategies for healthcare services are driving market expansion. The rise in medical tourism and the expansion of healthcare infrastructure is driving up demand for ambulance services. Other factors, such as the implementation of favorable government policies to promote public health and major improvements in healthcare infrastructure are likely to drive the global ambulance services market growth over the forecast period.

Ambulance Services Market by Operating Type

By Region

By region, Asia-Pacific is projected to the fastest-growing segment during the forecast period. The region's high share may be attributed to a rise in the adoption of modern treatment procedures and advantageous reimbursement policies as a result of an increase in the elderly and obese population, which is more sensitive to numerous chronic and acute diseases. Large patient populations in countries like India and China make up a sizable portion of the Asia-Pacific market.

Ambulance Services Market by Region

The key players profiled in this report include A-Dec Inc., Babcock International Group PLC, Acadian Ambulance Service, BVG India, Falck A/S, Ziqitza HealthCare, Air Methods, Harmonie Ambulance, Envision Healthcare, Medivic Aviation, and Aeromedevac Air Ambulance.

    Key Benefits for Stakeholders

    • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ambulance services market analysis from 2021 to 2031 to identify the prevailing ambulance services market opportunity.
    • The market research is offered along with information related to key drivers, restraints, and opportunities.
    • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
    • In-depth analysis of the ambulance services market segmentation assists to determine the prevailing market opportunities.
    • Major countries in each region are mapped according to their revenue contribution to the global market.
    • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
    • The report includes the analysis of the regional as well as global ambulance services market trends, key players, market segments, application areas, and market growth strategies.

    Ambulance Services Market Report Highlights

    Aspects Details
    Market Size By 2031
    Market Size By 2031

    USD 94.2 billion

    Growth Rate
    Growth Rate

    CAGR of 8.9%

    Forecast period
    Forecast period

    2021 - 2031

    Report Pages
    Report Pages

    280

    Ambulance Services Market By Mode of Transportation
    By Mode of Transportation
    • Air Ambulance
    • Ground Ambulance
    • Water Ambulance
    Ambulance Services Market By Service Type
    By Service Type
    • Non-emergency Medical Transport
    • Emergency Medical Transport
      • Emergency Ground Ambulance
        • Basic Life Support Ambulance
        • Advance Life Support Ambulance
    Ambulance Services Market By Operating Type
    By Operating Type
    • Public Private Partnership
    • Government
    • Private
    • Others
    Ambulance Services Market By Region
    By Region
    • North America  (U.S., Canada, Mexico)
    • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
    • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
    • LAMEA  (Brazil, UAE, Saudi Arabia, South Africa, Rest of LAMEA)
    Key Market Players
    Key Market Players

    aeromedevac air ambulance, Babcock, air methods, Ziqitza Health Care, harmonie ambulance, MEDIVIC Aviation, Envision Healthcare, Acadian Ambulance Service, Falck A/S, BVG India

    Analyst Review

    The increase in the frequency of accidents, the introduction of new ambulance service providers with well-equipped ambulances, and advantageous reimbursement policies are some of the important drivers driving the worldwide ambulance services market. Because of the growing healthcare infrastructure in emerging nations, the global ambulance services market is likely to grow at a stable rate throughout the forecast period. Demand for ambulance services is being driven by an increase in the number of accidents, the arrival of new ambulances equipped with cutting-edge equipment that serve primary healthcare demands, and advantageous reimbursement rules. However, in undeveloped countries, it has been challenging to locate a single ambulance that could service a significant geographic area due to a shortage of sufficient ambulances. This is not possible because of the subpar infrastructure in these nations, which causes the ambulances to run poorly and quickly wear out. This is one of the factors expected to hamper the market growth during the forecast period.

    An ambulance is a medically prepared vehicle that is used to carry people to treatment facilities such as hospitals. Specialized medical personnel, such as EMTs (Emergency Medical Technicians) and Paramedics, will be on hand to manage serious crises. It is required to inspect the vehicle and perform routine maintenance on the equipment. The medical personnel on duty should be skilled. Appropriate training ensures that their skills are kept up to date. In the upcoming years, it is projected that a network of hospitals would offer lucrative prospects for information technology companies to maintain the pace of the market for ambulance services by connecting the ambulance services with the central control system. This network would guarantee that patients are treated at the proper time.

    Among the analyzed regions, Asia-Pacific is expected to account for the highest revenue in the market by the end of 2031, followed by Europe, North America, and LAMEA. Rapid industrialization and urbanization are the key factors responsible for leading position of Asia-Pacific and North America in the global ambulance services market.

    Author Name(s) : Ankush Dilip Kawalkar| Neha Mittal | Surya Sanka
    Frequently Asked Questions?

    Emergency medical services like ambulances carry individuals who need immediate medical attention due to illnesses or accidents. In order to give patients the best care possible, ambulance services are transported to the area using specialised water, ground, and air vehicles. These services are connected to and integrated with communication and transportation networks, specialty care facilities, hospitals, trauma centers, and rehabilitation facilities. These factors are expected to provide opportunities in the global ambulance services market.

    The major growth strategies adopted by ambulance services market players are investment and agreement.

    Asia-Pacific will provide more business opportunities for the global ambulance services market in future.

    Babcock International Group PLC, Acadian Ambulance Service, BVG India, Falck A/S, Ziqitza Health Care, Air Methods, Harmonie Ambulance, Envision Healthcare, MEDIVIC Aviation, and Aeromedevac Air Ambulance are the major players in the ambulance services market.

    Emergency Medical Transport sub-segment of the service type industry acquired the maximum share of the global ambulance services market in 2021.

    Emergency medical transport and hospitals are the major customers in the global ambulance services market.

    The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global ambulance services market from 2021 to 2031 to determine the prevailing opportunities.

    The use of ambulance services for the stabilization of serious illnesses & injuries, as well as patient transport service for definitive care, providing pre-hospital care for the injured, is estimated to drive the adoption of ambulance services.

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    Ambulance Services Market

    Global Opportunity Analysis and Industry Forecast, 2021-2031