Press Release

Ambulance Services Market to Flourish Owing to the Rising Chronic Disease Incidents & Accidents Worldwide

The Global Ambulance Services Market size is expected to be valued at around USD 68 billion by 2030 and is estimated to grow at a CAGR of about 8.7% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The burgeoning market growth in ambulance services is attributed to various factors, such as a global surge in traumatic accidents, the prevalence of chronic diseases, and the expanding elderly population. This growth is compounded by the escalating usage of both commercial & personal vehicles, leading to a rise in accidents, thereby necessitating immediate hospital visits and subsequently increasing reliance on ambulance services for transportation to healthcare facilities.

The burgeoning trend of medical tourism coupled with favorable reimbursement policies is anticipated to further drive the demand for ambulance services. Emergency medical services (EMS) heavily depend on ambulances to promptly respond to medical crises, highlighting the crucial role these services play in offering critical transportation. Moreover, established entities and emerging players in the healthcare sector are actively introducing advanced ambulance models & services aimed at enhancing patient comfort & medical care. This push for innovation is expected to fuel the growth trajectory of the Ambulance Services Market.

Furthermore, ongoing advancements in the market have spurred a heightened demand for emergency ambulance services utilizing drones, helicopters, and other air transport options. Additionally, the rising security concerns and the need for fixed-wing aerial ambulances to facilitate long-distance medical missions are significant contributors to market expansion. Also, the evolution of passenger drones stands out as a notable market trend expected to significantly contribute to the expansion of the air ambulance industry, further amplifying the market share in the years to come, further states the research report, “Global Ambulance Services Market Analysis, 2024.”

Global Ambulance Services Market Segmentation Analysis

Ground Ambulance to be the Prominent Mode of Transport in the Global Market

Based on Mode of Transport, the market is segmented into Air Ambulance, Water Ambulance, and Ground Ambulance. Among all, Ground Ambulance has emerged as the primary mode of transportation in the Ambulance Services Market, accounting for the largest revenue share in 2023. The rising prevalence of cardiovascular diseases is a major driving force behind the global expansion of this segment.

Also, ground ambulance is extremely important in the broader market landscape, serving as a critical conduit for rapidly delivering life-saving medical aid to individuals in critical situations. Furthermore, a rising percentage of road accidents and unforeseen incidents contribute significantly to the market's overall revenue growth.

North America to Account for the Largest Share

North America to capture a prominent share of the Global Ambulance Services Market. A growing number of emergency cases, a greater prevalence of chronic diseases, the presence of significant market participants, a rising need for high-quality healthcare services, and a robust healthcare infrastructure have an impact on the regional market. Furthermore, the elevated incidence of diabetes is expected to generate significant opportunities for ambulance services, stimulating market expansion in the region.

Furthermore, the proliferation of hospitals providing extensive air ambulance facilities and improving medical services across various nations within the region is poised to propel the growth of the North American Ambulance Services Market in the coming years.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Envision Healthcare Corporation, Scandinavian AirAmbulance, Acadian Ambulance Service Inc., BVG India Ltd, America Ambulance Services Inc., Falck Holding AS, Air Methods Corporation, Ziqitza Health Care Limited, Medivic Aviation, Dutch Health BV, Livonta Global Pvt. Ltd, Care4Parents, and others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Ambulance Services Market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?