The global ambulance services market is anticipated to grow at a CAGR of around 4.5% during the forecast period 2020 to 2027 and to reach around US$ 34.7 Bn by 2027.

Market Dynamics

Increasing number of road accidents across the globe, along with adoption of ambulance from highway road authorities during emergency are major factors expected to drive the growth of global market. According to road ministry’s data in 2018, India had 467,044 reported road accidents, an increase of 0.5% from 464,910 in 2017. In 2018, of all road deaths, the most were of those riding two-wheelers (36%), followed by pedestrians (15%).

In addition, favorable reimbursement policy by the government in order to facilitate the adoption of service is expected to support the target market growth. According to National Center for Biotechnology Information a total of 61,013 ED (emergency departments) visits were included, representing a national sample of approximately 70 million annual ED visits over three years. Ambulance transport was used in 11% of private insurance visits, 16% of Medicaid visits, and 13% of uninsured visits.

Gradual increase in number of patients suffering from cardiovascular diseases, increasing number of geriatric population in developing countries, coupled with rise in number of medical emergency cases due to old age problems are factors responsible to support the market growth. In addition, government is spending high for the development of present healthcare infrastructure and increasing initiatives in order to provide ambulance service to rural areas are factors positively impacting the target market growth.

Business development activities by major players in order to enhance the business presence are expected to augment the growth of target market.

In 2017, KKR & Co LLP acquired Envision Healthcare Corp’s ambulance business and signed a strategic merger with Air Medical Group. This is expected to help the company to enhance the business presence.

In 2019, AmeriPro EMS, a provider of innovative and high-performance medical transportation and emergency services acquired Ambulance Service, Inc. This acquisition is expected to help the company to expand its services throughout the U.S. and enhance the customer base.

However, factors such as lack of ambulance and trained staff are expected to hamper the growth of global ambulance services market. In addition, stringent government regulation and lack of reimbursement policies in developing countries are other factors expected to challenge the growth of target market

Major players approach towards developing countries, favorable business policies by the government is resulting in emergence of small and mid-size players with innovative solutions are factors responsible to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership and agreements between regional and international players is expected to support the revenue traction of target market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to availability of advanced healthcare sector. In addition, increasing number of people suffering from chronic illness and availability of favorable reimbursement policies are factors expected to support the growth of target market.

Major players approach towards strategic partnership and agreements in order to enhance the business presence along with introduction of advanced ambulance from manufacturers are factors expected to impact the growth of target market.

Competitive Landscape                                                                                 

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market	Global Ambulance Services Market
Analysis Period	2016 – 2027
Base Year	2019
Forecast Data	2020 – 2027
Market Stratification	Mode Of Transportation, Service, Payers, End Use and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Ambulance Services Market Segment Analysis, 2019

The global market is segmented into mode of transportation, service, payers, and end use. The mode of transportation segment is bifurcated into air ambulance, ground ambulance, and water ambulance. Among the mode of transportation the ground ambulance segment is expected to account for major revenue share in the global market.

The service segment is further divided into emergency medical services and non-emergency medical services where the emergency medical services segment is expected to witness faster growth in the target market.

The players profiled in the report are Acadian Ambulance Service, BVG India Limited, America Ambulance Services, Falck Danmark, Air Methods, Ziqitza Health Care, Harmonie Ambulance, Babcock Scandinavian AirAmbulance, Aeromedevac, and SHM Shipcare.

Market Segmentation

Market By Mode of Transportation

Air Ambulance

Ground Ambulance

Water Ambulance

Market By Service

Emergency Medical Services

Non-Emergency Medical Services

Market By Payers

Public

Private

Market By End User

Hospitals

Nursing Homes

Home Healthcare Settings

Market By Region

North America

• U.S.
• Canada

Europe

• U.K
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

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