Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on ambulance services market provides in-depth
analysis of segments and sub-segments in the global as well as regional
ambulance services market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional ambulance services
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global ambulance services
market. According to the report, the global ambulance services market is
projected to grow at a CAGR of 8.9% over the forecast period of 2019-2025.
Ambulance services are the emergency response for the
transportation of medically injured or ill patients to and from hospitals to
ensure timely health treatment by healthcare professionals. Effective ambulatory
services lead to timely medical intervention for accident victims or patients
suffering from chronic illness. Ambulance services play a major role in health
service. The ambulance is a primary vehicle for delivering emergency medical
services, though some also use motorcycles, cars, aircraft or boats. The
ambulance services consist of standby ambulance, emergency surface ambulance,
emergency air ambulance (a rotary wing), emergency air ambulance (fixed wing),
nonemergency surface ambulance, nonemergency air ambulance, and other services.
The growth of the ambulance services market has been driven by the rising geriatric population coupled with growth in the prevalence of chronic
diseases such as cancer and diabetes and complex medical needs. Moreover, an increasing number of alcohol and
mental health-driven issues and a rising rate of road accidents are another
major factor responsible for the growth of the ambulance services market. As per the World Health Organization, approximately 1.35 million people die each year
as a result of road traffic crashes. Furthermore, the ambulance services market
includes private and public operators, which provides transportation services
to medically ill patients by air or surface, along with the primary medical
care. These vehicles are equipped with life-saving devices operated by
healthcare professionals. Private ambulance services have emerged in many
countries to provide ambulance services, particularly in rural areas which lack
sufficient funds to provide free ambulance services and also due to state
monetary issues. This ambulance privatization has enabled the operators to
focus on innovative technologies and thereby support long-term growth for the
market. In addition, increasing popularity for air ambulance services, and a large
number of patients with private health insurance are also expected to fuel this
market further in the coming years. However, there are certain restraining
factors that could hinder the market in the coming years, which includes lower
medical reimbursement rates in developing countries, and the risk of errors in
medication by a pharmaceutical professional. Going further, technological
advancements have raised the level of ambulance services which provides growth
opportunities for the ambulance services market in the coming years.
Among the geographies, the global ambulance service market
is segmented into North America, Europe, Asia Pacific, and RoW. The global
ambulance services market is dominated by the North America region. The growth
of this region is attributed to the presence of several major market
players, and well-established healthcare infrastructure. Additionally,
increased funding for urgent and emergency activity in developed counties also
amplify the growth of the market. According to the government of Jersey, it is
estimated that Ambulance Service received 8,852 emergency calls in 2016. Asia
Pacific region is anticipated to witness the highest growth during the forecast
period due to improving healthcare facilities. Moreover, a growing number of
roadside accidents, which require emergency medical services, is also
augmenting the growth of the Asia Pacific ambulance services market. Additionally, government spending on developing healthcare infrastructure contributes to
the growth of the ambulance service market in the Asia Pacific region.
The report on the global ambulance
services market covers segments such as transport vehicle, emergency
services, and equipment. On the basis of the transport vehicle, the
sub-markets include ground ambulance, water ambulance, and air ambulance. On
the basis of emergency services, the sub-markets include emergency and non-emergency. On the basis of equipment, the sub-markets include advanced
life support (ALS) ambulance services and basic life support (BLS) ambulance
services.
The report provides profiles of
the companies in the market such as Envision Healthcare
Corporation, Acadian Ambulance Service, Inc., London Ambulance Service NHS Trust, America Ambulance
Services, Inc., Falck Danmark A/S, BVG India Limited, Medivic Pharmaceutical Pvt. Ltd., Ziqitza Health Care Limited, Air Methods Corporation, Air Medical Group Holdings, Inc., Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of ambulance services market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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