Ambulance Services Market Report

Ambulance Services Market Analysis by Transport Vehicle (Ground, Air, Water), by Emergency Services (Emergency & Non-Emergency), by Equipment (Advance & Basic Life Support (ALS & BLS)), and Segment Forecasts, 2014 - 2025

  • Published Date: Dec, 2017
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-052-1
  • Format: Electronic (PDF)
  • Historical Data: 2014-2016
  • Number of Pages: 137

Industry Insights

The global ambulance services market size was valued at USD 22.5 billion in 2016 and is expected to grow at a CAGR of 9.1% during the forecast period. Increasing geriatric population which may result in rising incidence of chronic diseases, the entrance of new ambulance service providers, rising medical tourism, and increasing number of road accidents are the key factors driving the market growth.

U.S. ambulance services market

Rising incidences of cardiovascular conditions is also expected to bolster growth of the ambulance services market. Such conditions require immediate medical attention and emergency medical services. According to the WHO, globally, CVDs are the leading cause of death and in 2015 and accounts for 31.0% of overall mortality. 6.7 million deaths were due to stroke and 7.4 million were due to coronary heart disease. As per the British Heart Foundation, there are approximately 200,000 hospital visits every year due to heart attacks, which is, one visit in every three minutes. CVD is amongst the leading causes of death in the world and requires immediate medical attention and ambulance services.

In addition, the ambulance services market growth is anticipated to increase due to favorable reimbursement policies in the developed nations. For instance, in the U.S., Medicare covers both emergency and non-emergency ambulance services, if it is medically necessary and the supplier fulfills Medicare ambulance requirements. In New Jersey, Pennsylvania, and South Carolina, for repetitive, non-emergency trips, the patient need prior authorization from the Medicare Administrative Contractor (MAC). However, Medicare does not pay for the ambulette services.

Transport Vehicle Insights

Transport vehicles in the market include ground, air, and water ambulance. Ground vehicle includes van or pickup trucks, car/SUV (Sports Utility Vehicle), motorcycle, bicycle, all-terrain vehicles, golf cart or bus. Ground ambulance accounted for the largest share in 2016 owing to the effectiveness and common usage of these services. Air and water ambulance services are niche segments.

Air ambulance is anticipated to witness healthy growth during the forecast period, due to increasing medical tourism in the developing countries such as Thailand, India, and Brazil.

Emergency Services Insights

On the basis of emergency services, the market is segmented into emergency and non- emergency. Emergency segment held the largest share and are expected to retain its leading position over the forecast period.

The growth of emergency ambulances is attributed to the prevalence of cardiovascular conditions such as cardiac arrest, stroke, and congestive heart failure. According to the Centers for Disease Control and Prevention (CDC), every year approximately 610,000 people die of heart disease in the U.S., which is 1 in every 4 deaths in the nation. Also, cardiovascular disease is the leading cause of death in both men and women. Therefore, such cases demand emergency ambulance services, which is expected to boost the market growth.

Equipment Insight

The equipment segment includes Basic Life Support (BLS) and Advanced Life Support (ALS) ambulance. ALS ambulance is expected to witness rapid growth owing to rising awareness of life support services among the patient and a high number of cardiovascular incidents, and increase in technologically advanced equipment and trained personnel. ALS is the extension of BLS which provides adequate ventilation and open airway, and require medical monitoring, drug therapy, and IV therapy. It also covers cardiac arrest conditions.

Global ambulance service market

Regional Insights

North America dominated the ambulance services market in 2016. The dominance of the market is mainly attributable to the presence of several key market players in this region, growing demand for quality healthcare services, and well-established healthcare infrastructure. The budding community of paramedicine in North America also contributes to the large market size in this region. The Community of paramedicine involves employing EMS (Emergency Medical Services) service providers to provide an array of services which include preventive and primary care. Such novel concepts coupled with growing consumer choices and demands in this region is anticipated to propel the North American ambulance services market.

Asia Pacific market is expected to witness the highest growth over the forecast period owing to huge untapped market potential and improving healthcare facilities. The increasing number of road accidents is likely to drive the growth in this region. As per a report on “Road Safety in the South-East Asia Region 2015”, published by the WHO, every year road traffic injury kills approximately 316,000 people in the South East Asia Region, defined by the WHO, which accounts for 23.0% of the global road traffic deaths. The high number of road traffic injuries, which require emergency medical services, is likely to drive the growth of ambulance services market in the Asia-Pacific region. The government spending on developing healthcare infrastructure is growing in this region. Also, this region is a favored destination for medical tourism. This factor may, in turn, improve the accessibility and affordability of healthcare in this region, which may benefit the ambulance services market in this region as well. Such factors are driving the growth of the Asia-Pacific market.

Competitive Outlook

Few of the major players operating in this market include, Envision Healthcare Corporation, London Ambulance Service NHS Trust, Acadian Ambulance Service, Inc., BVG India Ltd., America Ambulance Services, Inc., Falck Holding A/S, Air Medical Group Holdings, Inc., Air Methods Corporation, Ziqitza Health Care Limited, and Medivic Aviation.

Various strategies and collaborations are being adopted by these key players to maintain their market share. For instance, in Kenya, a start-up, ‘Capsule’, has launched an app named ‘Flare’ which is an “Uber for ambulances”. The app may be used to call for an ambulance. This app is integrated with google map and provides real-time location of the vehicle and traffic in the route.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, & MEA

Country scope

U.S., Canada, UK, Germany, , Japan, China, Brazil, Mexico, South Africa, and Saudi  Arabia

Report coverage

Revenue, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research, Inc. has segmented the medical ambulance services market on the basis of transport vehicle, emergency services, and equipment and region:

  • Transport Vehicle Outlook (Revenue, USD Million, 2014 - 2025)

    • Ground

    • Air

    • Water

  • Emergency Services Outlook (Revenue, USD Million, 2014 - 2025)

    • Emergency

    • Non-Emergency

  • Equipment Outlook (Revenue, USD Million, 2014 - 2025)

    • ALS

    • BLS

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa (MEA)

      • South Africa

      • Saudi Arabia

Key questions answered by the report
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