Ambulance Services Market – Global Industry Forecast & Analysis over 2020 - 2026

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The report presenting a comprehensive exploration of the global Ambulance Services Market encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the Ambulance Services industry in the near future.
According to studies, North America has registered a 35 per cent share in the global ambulance services market in 2019. The air ambulance was introduced in the U.S. in 1972 before which ambulance services in the region were provided only through road transport. 

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The ambulance services market is likely to witness considerable growth prospects owing to recurring incidences of disease outbreaks and the increasing frequency of road accidents. Over years, the number of workplace disasters has also increased which gives rise to industrial safety concerns thereby creating the need for efficient and reliable healthcare facilities supported by a robust ambulance network.

The ambulance services market has a widespread end-use spectrum which includes nursing homes, hospitals, home healthcare settings, and others. It has been recorded that home healthcare settings prove beneficial to individuals as they help to improve the patient’s condition through home environment and greater independence. In 2019, the home healthcare settings segment accounted for up to 35 per cent of the total share in the ambulance services market.

Based on the services segment, the market is bifurcated into emergency medical services and non-emergency medical services. Of these two, emergency ambulance services form a crucial part of the spectrum as it provides immediate medical care to people in need. As per 2019 statistics, the emergency services segment has registered a valuation of around USD 18 billion.

The ambulance services market is also segmented on the basis of mode of transportation which comprises air ambulance, ground ambulance, and water ambulance services. The water ambulance services play a key role to access remote areas surrounded by water bodies.

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Considering the payer perspective, the ambulance services market is divided into public, private, and out-of-pocket. As per the latest research, the public payer segment is expected to witness a CAGR of 0.4% over 2020-2026. Over the years, developing countries have been struggling to bridge the quality gap in healthcare between urban and rural areas. A difference has also been registered between the public and private sector healthcare services, which is a favorable opportunity to propel the demand of ambulance services.

Major players in the ambulance services market comprise Acadian Ambulance Service, Falck Danmark, Babcock Scandinavian Air Ambulance, Air Methods, BVG India Limited, Ziqitza Health Care, and others, that are focused on the deployment of efficient and reliable ambulance services.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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