Latin America Ambulance Services Market Size & Outlook
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Latin America ambulance services market highlights
- The Latin America ambulance services market generated a revenue of USD 2,928.1 million in 2023.
- The market is expected to grow at a CAGR of 6.9% from 2024 to 2030.
- In terms of segment, ground ambulance was the largest revenue generating transport vehicle in 2023.
- Air Ambulance is the most lucrative transport vehicle segment registering the fastest growth during the forecast period.
- Country-wise, Colombia is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,928.1 million |
| Market revenue in 2030 | USD 4,647.3 million |
| Growth rate | 6.9% (CAGR from 2024 to 2030) |
| Largest segment | Ground ambulance |
| Fastest growing segment | Air Ambulance |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ground Ambulance, Air Ambulance, Water Ambulance |
| Key market players worldwide | Babcock International Group PLC, London Ambulance Service, Acadian Ambulance Service, BVG Group, Global Medical Response, Air Methods, American Ambulance Service, Falck, Ziqitza Health Care, Medivic ICU Ambulance |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.8% of the global ambulance services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,241.0 million by 2030.
Ground ambulance was the largest segment with a revenue share of 102.41% in 2023. Horizon Databook has segmented the Latin America ambulance services market based on ground ambulance, air ambulance, water ambulance covering the revenue growth of each sub-segment from 2018 to 2030.
The ambulance services market in Latin America is expected to grow at a lucrative rate over the forecast period. An increase in per capita healthcare spending, rise in prevalence of cardiovascular disorders, and increase in the number of road accidents are expected to boost the market in Latin America.
In addition, every year, around 6 million injuries and 130,000 deaths result from road accidents in Latin America. Road fatalities require immediate medical attention and EMS, which, in turn, propels the ambulance services market in the region.
Moreover, an increase in the incidence of heart failure also contributes to growth of the market. The region has varied healthcare infrastructure and emergency care centers, with some countries having more advanced systems than others. In many Latin American countries, the government is responsible for providing healthcare services.
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Ambulance Services Market Scope
Ambulance Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Medivic ICU Ambulance | View profile | 51-100 | https://www.medivicambulance.com/ | |
| Ziqitza Health Care | View profile | 5001-10000 | Mumbai, Maharashtra, India, Asia | http://www.zhl.org.in/ |
| Falck | View profile | 10001+ | Copenhagen, Hovedstaden, Denmark, Europe | http://www.falck.com |
| American Ambulance Service | View profile | 101-250 | Norwich, Connecticut, United States, North America | https://americanamb.com |
| BVG Group | View profile | 251-500 | Brecon, Powys, United Kingdom, Europe | https://www.bvg-group.co.uk/ |
| London Ambulance Service | View profile | 1001-5000 | London, England, United Kingdom, Europe | https://www.londonambulance.nhs.uk/ |
| Babcock International Group PLC | View profile | 26735 | 33 Wigmore Street, London, United Kingdom, W1U 1QX | https://www.babcockinternational.com |
| Global Medical Response | View profile | 10001+ | Lewisville, Texas, United States, North America | https://www.globalmedicalresponse.com |
| Acadian Ambulance Service | View profile | 5001-10000 | Lafayette, Louisiana, United States, North America | https://acadianambulance.com/ |
| Air Methods | View profile | 1001-5000 | Englewood, Colorado, United States, North America | http://airmethods.com |
Latin America ambulance services market size, by country, 2018-2030 (US$M)
Latin America Ambulance Services Market Outlook Share, 2023 & 2030 (US$M)
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