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 the 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 (rotary wing), emergency air ambulance (fixed wing), nonemergency surface ambulance, nonemergency air ambulance, and other services.
The growth of ambulance services market has been driven by 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 is another major factor responsible for the growth of ambulance services market. As per World Healthcare Organizations, 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 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 due 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 ample 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 Asia Pacific ambulance services market. Additionally, the government spending on developing healthcare infrastructure contributes to the growth of ambulance service market in the Asia Pacific region.
The report on 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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