What is Ambulance Services Market Scope?
The ambulance services are also known as paramedic services, are used to provide urgent pre-hospital treatment and stabilization services for serious patients until they are transported to definitive care centers such as hospitals or clinics. These ambulances are medically equipped vehicles that provide life support services to the patients until they are reached to treatment facilities. The ambulance service has two main functions: an accident and emergency paramedical function, and the Patient Transport Service function which transfers immobile patients to and from their hospital appointments. The demand for advanced life support medical machine in ambulance service and improving healthcare facilities is expanding the market growth.
Influencing Trend:
Demand for Advance Life Support Ambulance Services (ALS) Owing to Ongoing COVID-19 Outbreak and Internet of Things (IoT) Revolution
Market Growth Drivers:
Rising Awareness About Life Support Services and Increasing Number of Road Accidents
Challenges:
Entrance of New Ambulance Service Providers Globally
Restraints:
High Cost of Air Ambulances
Opportunities:
Favorable Reimbursement Policies, Growing Geriatric Population and Demand for Efficient Emergency Medical Services (EMS)
The Ambulance Services market study is being classified by Type (Emergency Ambulance Services and General Ambulance Services), by Application and major geographies with country level break-up.
According to AMA, the Global Ambulance Services market is expected to see growth rate of 10.61% and may see market size of USD46.0 Billion by 2028.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Envision Healthcare Corporation (United States), Scandinavian AirAmbulance (Sweden), Acadian Ambulance Service, Inc., BVG India Ltd. (India), America Ambulance Services, Inc., Falck Holding A/S (United Kingdom), Air Methods Corporation, Ziqitza Health Care Limited (India), Medivic Aviation (India), London Ambulance Service (United Kingdom), Acadian Ambulance Service, Air Medical Group Holdings Inc., SA Ambulance Service (Australia), Lifeguard Ambulance Service (United States), Paratech Ambulance Service (United States) and Fallon Ambulance Service (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Ambulance Services market by Type, Application and Region.
On the basis of geography, the market of Ambulance Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 7 Janary 2022, Acadian Ambulance Service entered into an agreement to acquire MedicOne Medical Response's operations in Tennessee, Mississippi and Texas. Acadian expanded into Tennessee in 2018 when it acquired Memphis-based Emergency Mobile Health Care. The MedicOne acquisition will add Nashville to Acadian's Tennessee service area and will strengthen current operations in Memphis, northern Mississippi and Dallas.
On 23 April 2021, StanPlus, A private patient logistics and medical reponse company, is entering the bengaluru market with the launch of a Red Ambulance Service
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Ambulance Services Providers, Healthcare Service Providers, Ambulance Manufacturers, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
Ambulance Services Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Ambulance Services Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Ambulance Services industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.