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Ambulance Services Market 2020 By Regional Trend & Growth Forecast To 2026

Author : Ronak Bora | Published Date : 2020-09-02 

The ambulance services market is likely to witness considerable growth prospects owing to recurring incidences of disease outbreaks and the increasing frequency of road accidents. Over years, the number of workplace disasters has also increased which gives rise to industrial safety concerns thereby creating the need for efficient and reliable healthcare facilities supported by a robust ambulance network.

Statistics claim that the European Union has recorded as many as 3,552 workplace accidents in 2017 with around 20 percent occurring alone in the construction sector. Almost three quarters of these fatal accidents are noted to have caused wounds, dislocations, sprains, and superficial injuries, which throws light on the increasing need for emergency healthcare services.

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The ongoing SARS-Cov-2 pandemic and its daily casualties are yet another alarm for the deployment of prompt healthcare and ambulance services amid the globally changing health scenario. Several instances of disease outbreaks in the past have highlighted the significance of timely ambulance services for deployment of proper medical treatment and the well-being of affected people especially the aging population. According to a study by the All India Institute of Medical Sciences, as many as 28 per cent of the patients do not get access to quality emergency healthcare services due to the non-availability of ambulances.

As per the latest research conducted by GMI Inc., the ambulance services market is estimated to surpass the USD 50 billion mark by 2026.

With reference to transportation, water ambulance accounted for more than 8% industry share in 2019. Numerous remote regions of the world are very difficult to reach owing to a lack of roads. Such as the geographic regions that are surrounded by water, which are highly inaccessible, but can be accessed easily using alternat forms of transportation, which is where water ambulances come in.

Water ambulance is used at all such places to provide emergency medical services. A water ambulance is essentially a boat that is majorly used for delivering emergency medical services in remote areas that are surrounded by a body of water. This type of ambulance is essentially equipped with all equipment necessary to help patients, which are increasing their demand in such regions globally.

With reference to end-use, home healthcare settings contributed to more than 35% industry share in 2019. The ambulance services utilized by home-based healthcare settings aid individuals to enhance function and live with higher level of independence.

Home healthcare settings also allows the patients to stay at home and avoid being admitted to institutions that offer long-term care services. Moreover, as it facilitates a significant growth in patient satisfaction, home healthcare settings are likely to bolster the market share over the projected timeframe.

According to studies, North America has registered a 35 per cent share in the global ambulance services market in 2019. The air ambulance was introduced in the U.S. in 1972 before which ambulance services in the region were provided only through road transport.

Considering the payer perspective, the ambulance services market is divided into public, private, and out-of-pocket. As per the latest research, the public payer segment is expected to witness a CAGR of 0.4% over 2020-2026. Over the years, developing countries have been struggling to bridge the quality gap in healthcare between urban and rural areas. A difference has also been registered between the public and private sector healthcare services, which is a favorable opportunity to propel the demand of ambulance services.

Major market players are actively implementing strategies such as acquisitions, partnerships, and investments to expand their presence. Taking February 2019 for instance, Acadian Ambulance Service completed the acquisition of Memphis based EMHC (Emergency Mobile Health Care). Through the transaction, the company looked to enhance its ambulatory care portfolio.

The competitive landscape of the global ambulance services market is inclusive of players such as SHM Shipcare, Aeromedevac, Harmonie Ambulance, Ziqitza Health Care, Air Methods, Falck Danmark, America Ambulance Services, BVG India Limited, and Babcock Scandinavian AirAmbulance among others. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/ambulance-services-market

Partial Chapter of the Table of Content 

Chapter 4. Ambulance Services Market, By Mode of Transportation

4.1. Key segment trends

4.2. Air ambulance

4.2.1.  Market size, by region, 2015 – 2026 (USD Million)

4.3. Ground ambulance

4.3.1.  Market size, by region, 2015 – 2026 (USD Million)

4.4. Water ambulance

4.4.1.  Market size, by region, 2015 – 2026 (USD Million)

Chapter 5. Ambulance Services Market, By Services

5.1. Key segment trends

5.2. Emergency medical services

5.2.1.  Market size, by region, 2015 – 2026

5.3. Non-emergency medical services

5.3.1.  Market size, by region, 2015 – 2026

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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