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Classified in: Ebola virus, Health, Covid-19 virus
Subject: MRR

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:

Ambulance Services Market Sizing
Ambulance Services Market Forecast
Ambulance Services Market Analysis

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. 

Ambulance Services Market 2023-2027 - Market Dynamics

Major Trends

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? -

Ambulance Services Market 2023-2027 : Market Segmentation

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).

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

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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

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Service Type

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio


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