Rising prevalence of chronic diseases and expansion of healthcare industry is expected to drive the India ambulance services market during the forecast period 2024-2028.
According to TechSci Research report, “India Ambulance Services Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, the India Ambulance Services Market stood at USD 1502.78 million in 2022 and is anticipated to grow with a CAGR of 5.12% in the forecast period 2024-2028.
The major factors driving the growth of India Ambulance Services Market include rising prevalence of chronic diseases, increase in road accidents, technological advancement, and growing number of hospitals. Additionally, the rise in the number of deaths that happened due to road accidents is creating the need for quick medical treatment. Also, the government policies boost the healthcare industry and reimbursement plans for availing healthcare services. The major segment holds for cardiovascular diseases comprising of cardiac arrest, coronary artery disease, heart failure, and stroke usually requires immediate medical attention.
Ambulances are employed basically in two situations. Firstly, it is used in emergency cases such as in accidents, cardiac attacks, and sudden trauma situations. Secondly, they are used in non-emergency ambulance services that are provided to patients, in cases such as transporting patients from their home to hospital and vice- versa, delivering the mother and baby home from the hospital or the maternity clinics, etc.
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The India Ambulance Services Market is segmented into Transport Vehicle, Services, Service Operators, Equipment Type, Region, and Company.
Based on transport vehicle, the market is segmented into ground, and air. In 2022, the ground segment holds the major revenue share i.e., 65.58%. Over the projected period, this segment is also expected to increase at a healthy rate. This is due to the increase in cases of road accidents and rate of surgeries in the country, are expected to bolster the growth of the market.
Based on services, the market is classified into following categories: emergency and non-emergency. With a market share of 61.95% in 2022, the emergency segment is dominating the India Ambulance Services Market. This is due to the conditions occurred from traumatic accidents and thus, leads to the growth of the market.
Based on service operators, the market is segmented into hospital-based service, government ambulance service, private ambulance service, and others (Third Party Ambulance, etc.). In terms of revenue share in 2022, hospital-based service segment dominated the India Ambulance Services market, followed by government ambulance services due to the largest number of ambulance services and medical assistance in emergency cases.
The leading companies operating in the India Ambulance Services Market are:
- Ziqitza Health Care Limited
- Stanplus Technologies Private Limited
- Medulance Healthcare Private Limited
- Air Rescuers Worldwide Private Limited
- Panchmukhi Air & Train Ambulance Services Pvt. Ltd.
- EMSOS Medical Pvt. Ltd.
- AmbiPalm Health Private Limited
- Goodmans Healthcare Services Pvt. Ltd.
- BVG India Limited
- Falcon Emergency
- EMRI Green Health Services
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“India Ambulance Services Market will see a robust growth during the forecast period of 2024-2028. The market for Ambulance Services is expected to develop due to rising prevalence of chronic diseases, increase in medical tourism in India and appropriate medical conditions for further treatment of the patients. The India ambulance services market has also been fueled by advancements in technology, treatments, and tourism.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Ambulance Services Market, By Transport Vehicle (Ground v/s Air), By Services (Emergency v/s Non-Emergency), By Service Operators (Hospital Based Service, Private Ambulance Service, Government Ambulance Service, Others (Third Party Ambulance, etc.), By Equipment Type (Advanced Life Support v/s Basic Life Support), By Company, By Region, Forecast & Opportunities, 2028F”, has evaluated the future growth potential of India Ambulance Services Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Ambulance Services Market.
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