Ambulance Services Market to grow by USD 12,920.6 million from 2022 to 2027, Acadian Ambulance Service Inc. and Air Charter Service Group Ltd. emerge as key contributors to market growth - Technavio
NEW YORK, June 7, 2023 /PRNewswire/ -- The ambulance services market is set to grow by USD 12,920.6 million from 2022 to 2027. The market is projected to be progressing at a CAGR of 6.75% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by favorable reimbursement policies in ambulance services. When a patient needs to be transported to an emergency access hospital, hospital, or licensed nursing facility, medicare does not allow medical care because transporting the patient in any other vehicle could endanger their health. However, it includes ground ambulance transport that provides patients' needed services. It also covers the cost of air transportation for emergency services when ground transportation is not available. Furthermore, medicare may also pay for non-emergency ambulance transport if the patient receives written instructions from a physician that ambulance transport is required. - Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and the forecast period (2023-2027). Download Sample Report in minutes!
The ambulance services market covers the following areas:
The report on the ambulance services market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
A key trend influencing the growth of the ambulance services market is the increasing prevalence of infectious diseases. The leading causes of infectious diseases include multidrug resistance (MDR) and the rise of new bacterial and viral diseases. For instance, recent outbreaks of infectious diseases such as Ebola, Zika, Dengue, Middle East Respiratory Syndrome, Influenza, and Severe Acute Respiratory Syndrome have raised global health concerns. Other factors include rapid population growth, lifestyle changes, and climate change.
The demand for emergency medical services is driven by the increasing need for emergency medical assistance. Moreover, the COVID-19 outbreak opened up significant growth opportunities for the market vendors. Therefore, the prevalence of infectious diseases is expected to drive the growth of the global ambulance services market during the forecast period.
Significant Challenges
A major challenge impeding the growth of the ambulance services market include the lack of proper communication in ambulance services. In terms of the use of helicopter emergency medical services (HEMS), communication is fundamental to the decision-making process. HEMS dispatchers sometimes receive reports that do not accurately describe the patient's level of a medical emergency, which misleads and prevents medical emergency management centers from providing adequate care.
Furthermore, callers often describe the situation as a medical emergency when it is not, which leads to the termination of the air rescue service provider's mission, resulting in additional costs. Hence, a lack of proper communication is expected to hamper the growth of the global ambulance services market during the forecast period.
What's New? -
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!
The ambulance services market analysis includes service type (advance life support (ALS) ambulance services and basic life support (BLS) ambulance services), type (emergency and non-emergency), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the advance life support (ALS) ambulance services segment will be significant for overall market growth during the forecast period. These ambulance services provide medical care and transportation to patients who require medical care beyond that provided by basic life support (BLS) ambulance services. They are typically staffed by highly trained medical professionals, such as paramedics and emergency medical technicians (EMTs), and are equipped with the latest medical equipment and medicines to support critically ill patients. Hence, the rising demand for ALS will drive the growth of the segment during the forecast period.
This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report
Companies Mentioned
Acadian Ambulance Service Inc.
Air Charter Service Group Ltd.
Air Methods Corp.
Air Rescuers World Wide Pvt Ltd.
American Air Ambulance
American Ambulance Service Inc.
Babcock International Group Plc
Bristow Group Inc.
BVG India Ltd.
Envision Healthcare
Falck Danmark AS
Harmonie Ambulance
Luxembourg Air Rescue Asbl
Medical Air Service
MEDIVIC PHARMACEUTICAL PVT. LTD.
Netcare ltd.
PHI Group Inc.
Priority Ambulance
REVA Inc.
Ziqitza Healthcare Ltd.
Vendor Offerings
Acadian Ambulance Service Inc. - The company offers ambulance services such as Acadian emergency transport services.
Air Charter Service Group Ltd. - The company offers ambulance services such as ACS medical transportation.
Air Methods Corp. - The company offers ambulance services such as Medi Flight of Oklahoma air medical services.
Gain instant access to 17,000+ market research reports.
Related Reports: The global ambulatory healthcare service market size is estimated to increase by USD 1,207.02 billion growing at a CAGR of 6.38% between 2022 and 2027. This market report extensively covers market segmentation by type (primary care offices, emergency departments, medical specialty offices, and surgical specialty offices), application (ophthalmology, gastroenterology, orthopedics, pain management, and others), and geography (North America, Europe, Asia, and Rest of World). The increasing prevalence of infectious diseases is notably driving the ambulatory healthcare service market growth.
The air ambulance market is estimated to grow at a CAGR of 9.76% between 2022 and 2027. The size of the market is forecasted to increase by USD 5,952.31 million. This report extensively covers market segmentation by service (hospital-based service, community-based service, and others), aircraft type (rotary-wing aircraft and fixed-wing aircraft), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The increasing prevalence of infectious diseases is notably driving the market growth.
Ambulance Services Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 6.75%
Market growth 2023-2027
USD 12,920.6 million
Market structure
Fragmented
YoY growth 2022-2023(%)
5.57
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 38%
Key countries
US, China, Japan, Germany, and France
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Acadian Ambulance Service Inc., Air Charter Service Group Ltd., Air Methods Corp., Air Rescuers World Wide Pvt Ltd., American Air Ambulance, American Ambulance Service Inc., Babcock International Group Plc, Bristow Group Inc., BVG India Ltd., Envision Healthcare, Falck Danmark AS, Harmonie Ambulance, Luxembourg Air Rescue Asbl, Medical Air Service, MEDIVIC PHARMACEUTICAL PVT. LTD., Netcare ltd., PHI Group Inc., Priority Ambulance, REVA Inc., and Ziqitza Healthcare Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Service Type
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Type
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global ambulance services market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on global ambulance services market 2017 - 2021 ($ million)
4.2 Service Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size ? Service Type Segment 2017 - 2021 ($ million)
Exhibit 160: Priority Ambulance - Product / Service
Exhibit 161: Priority Ambulance - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 164: Currency conversion rates for US$
13.4 Research methodology
Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources
13.5 List of abbreviations
Exhibit 168: List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI In Life Science Analytics Market ? By Component (Software, Hardware, Services), By Deployment (On-premise, Cloud), By Application (Research and...
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global In Vitro Diagnostic (IVD) Reagents Market ? (By Type (Antibodies, Purified Proteins and Peptides, Oligonucleotides, Others), By Technology (Immunoassay,...
London, May 2, 2024 ? The Board of Shell plc (the "Company") today announced an interim dividend in respect of the first quarter of 2024 of US$ 0.344 per ordinary share. Details relating to the first quarter 2024 interim dividend Per...
Shell plc Shell announces commencement of a share buyback programme May 2, 2024 Shell plc (the ?Company') today announces the commencement of a $3.5 billion share buyback programme covering an aggregate contract term of approximately...