Ambulance Market Report Overview
The global ambulance market, valued at USD 36.83 billion in 2023, is poised for remarkable growth, reaching an estimated USD 67.32 billion by 2030, expanding at a CAGR of 9% from 2024 to 2030. The rise in population, the surge in chronic diseases like cancer and diabetes, and growing rates of road accidents are key factors fueling this growth.
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Key Drivers of the Ambulance Market Growth: Population Surge and Rising Medical Needs
The demand for ambulance services is driven by the expanding global population, an increase in chronic health conditions, and the need for time-sensitive medical transport services. Furthermore, policies like Medicare in the U.S. are covering non-emergency ambulance expenses, contributing to market growth.
Growth in Ambulance Market Led by Increasing Chronic Diseases and Road Accidents
Chronic diseases, especially cancer and diabetes, along with rising road accident rates, are significant contributors to the growing demand for ambulance services worldwide. As the market evolves, the urgent need for both emergency and non-emergency services is expected to continue increasing, boosting market revenue.
North American Ambulance Market Set to Dominate, Supported by Advanced Medicare Policies
North America leads the global ambulance market, with its well-established healthcare systems and comprehensive insurance policies that cover emergency and non-emergency medical transport services. This trend is expected to foster steady market growth, particularly in regions like New Jersey, South Carolina, and Pennsylvania.
Mergers and Acquisitions Driving Innovation in the Ambulance Market
In a series of strategic moves to enhance their service offerings and market share, major ambulance service providers are expanding their capabilities through acquisitions:
• Air Medical Group Holdings has acquired Seven Bar Aviation LLC, enhancing their air medical facility operations.
• Acadian Ambulance Service acquired Emergency Mobile Health Care (EMHC), increasing their service coverage area.
• Air Medical Resource Group was acquired by Air Medical Group Holdings, strengthening their presence in the Alaska and Hawaii regions.
Regional Distribution of Ambulance Services
North America: Dominates the market due to comprehensive insurance coverage and high demand for air ambulance services.
Europe: Strong growth driven by advances in emergency medical response systems and government policies.
Asia Pacific: Rapid development in healthcare infrastructure, especially in China, India, Vietnam, and Japan, is fueling demand for ambulance services.
Middle East & Africa: Growing medical tourism and healthcare developments drive market growth in this region.
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Ambulance Market Segmentation
by Urgency
Emergency Ambulance Services
Non-Emergency Ambulance Services
by Transport Type
Ground Ambulance Services
Air Ambulance Services
Water Ambulance Services
by Equipment
Advance Life Support
Basic Life Support
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Ambulance Market Key Players
1. Falck A/S
2. Babcock International Group PLC (Scandinavian AirAmbulance)
3.Acadian Ambulance Service, Inc. (Acadian Companies)
4. Medivic Pharmaceutical Pvt. Ltd. (Medivic Aviation)
5. BVG India Ltd.
6. America Ambulance Services, Inc.
7. Air Methods Corporation (ASP AMC Intermediate Holdings, Inc.)
8. Global Medical Response, Inc.
9. Ziqitza Health Care Limited
10. Dutch Health B.V.
11. Envision Healthcare
12. London Ambulance Service NHS Trust
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Key questions answered in the Ambulance Market are:
- What is Ambulance?
- Who are the leading companies and what are their portfolios in Ambulance Market?
- What segments are covered in the Ambulance Market?
- Who are the key players in the Ambulance market?
- Which application holds the highest potential in the Ambulance market?
- What are the key challenges and opportunities in the Ambulance market?
- What growth strategies are the players considering to increase their presence in Ambulance?
- What is the growth rate of the Ambulance Market?
- Which are the factors expected to drive the Ambulance market growth?
- What are the upcoming industry applications and trends for the Ambulance Market?
- What will be the CAGR at which the Ambulance market will grow?
- What are the different segments of the Ambulance Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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