GVR Report cover Ambulance Services Market Size, Share & Trends Report

Ambulance Services Market Size, Share & Trends Analysis Report By Transport Vehicle (Ground Ambulance), By Emergency Services, By Equipment, By Region, And Segment Forecasts 2022 - 2030

  • Report ID: GVR-2-68038-052-1
  • Number of Pages: 90
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2020
  • Industry: Healthcare

Report Overview

The global ambulance services market size was valued at USD 42.3 billion in 2021, according to a new report by Grand View Research, Inc. The market is projected to witness a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The demand for ambulance services has increased due to the rising incidence of traumatic accidents, increase in a number of people suffering from various chronic diseases, and rise in the geriatric population. Additionally, the rise in medical tourism and the availability of reimbursement policies are also expected to boost the demand for ambulance services over the forecast period. The constant surge in traumatic accidents globally is expected to impel the market growth. For instance, according to National Health Portal, each year around 5 million people die due to various injuries globally.

U.K. ambulance services market size, by transport vehicle, 2020 - 2030 (USD Billion)

Moreover, as per a similar source, 20 million people in India are hospitalized to due injuries such as road accidents, burns, and falls. The rise in road accidents increases the demand for ambulance services, thereby impelling market growth during the forecast period. Cardiovascular diseases such as congestive heart failure, stroke, cardiac arrest, and coronary artery diseases, require immediate emergency medical services and medical attention. According to the WHO, globally, CVDs are the leading cause of death and in 2015, CVD comprised 31.0% of the total global deaths. As per CDC, every year, approximately 735,000 cases of heart attack are reported in the U.S.

As per British Heart Foundation, there are approximately 200,000 hospital visits every year due to heart attacks, which is, one visit every three minutes. It also reported that every year approximately 40,000 deaths are expected to take place due to stroke in the U.K. CVD is among the leading causes of death in the world and usually requires immediate medical attention, which increases the need for ambulance services. Therefore, the rising incidence of cardiovascular diseases is expected to bolster the growth of the market. The presence of a large population pool over 60 years, which typically has a lower immunity level and is prone to neurological diseases, cardiac problems, cancer, and spinal injuries, is also expected to be a high impact rendering driver for the growth of the market over the forecast period.

For instance, according to United Nations, Department of Economic and Social Affairs, by 2050, approximately 1 in every 6 people in the world are expected to be over 65 years of age. Moreover, as per a similar source, there were 703 million people who were above 65 years of age globally. Hence, the increasing geriatric population is likely to result in the growth of the market. Medical tourism is also rising due to developments in healthcare infrastructure and advanced reimbursement policies. For instance, as per The American Journal of Medicine, the number of medical tourist to all countries were expected to be 14-16 million in 2017. Moreover, according to a similar source, the number of U.S. medical tourists & number of medical tourists in the world is expected to increase by around 25% every year.

Furthermore, as to the Consulate General of India, India has emerged as top 6 medical tourism site globally in recent years. Therefore, due to the growth of medical tourism, ambulance services may be required in the travel destination to transport patients to their venue of treatment. This is expected to boost market growth. The COVID-19 pandemic increased the use of ambulance services. For instance, as per Quartz India, Accretion Aviation witnessed a growth of 20% during the COVID-19 pandemic. However, with a decline in the number of COVID-19 patients, the need for ambulance service is anticipated to reduce, thereby the market is expected to foresee a slightly negative impact in the year 2022-2023.

Even though the market declined, it is anticipated to witness a significant growth rate over the coming years. This can be attributed to the increase in a number of ambulances during the COVID-19 period. For instance, according to the Mint, Ziqitza Healthcare was going to provide 200 additional ambulances to the Madhya Pradesh government during the time of COVID-19. Thus, the aforementioned factors are expected to be responsible for the growth of the market.

Transport Vehicle Insights

The ground ambulance segment dominated the market and held the largest revenue share of 48.6% in 2021. Ground ambulance includes van or pickup trucks, car/SUV, motorcycle, bicycle, all-terrain vehicles, golf cart, and bus. Rising cases of cardiovascular disorders in this region is anticipated to impel the segment growth. For instance, as per CDC, every 30 seconds, one person dies in the U.S. due to cardiovascular disorder. Moreover, as per a similar source, around 18.2 million people aged 20 and above have coronary artery disease in the U.S.

Similarly, the rising geriatric population in this region is expected to drive the segment growth further. For instance, according to Statistics Canada, the number of people aged 85+ increased by around 12% from the year 2016-to 2021. Thus, due to the factors above, the ground ambulance segment is expected to dominate the market. The air ambulance segment is anticipated to witness the fastest CAGR of 10.64% over the forecast period. Increasing cases of various accidents are expected to increase the use of air ambulances, thereby propelling the segment growth. For instance, as per Association for Safe International Road Travel, more than 46,000 people in the U.S. die every year due to road accidents, whereas, more than 4.4 million people are seriously injured.

The number of crash deaths in the U.S. states in the year 2019 is represented in the below table:

States

Number of crash deaths

California

3,606

Florida

3,183

Georgia

1,491

Illinois

1,009

Texas

3,615

Tennessee

1,135

North Carolina

1,373

 

Air ambulance services are faster than ground ambulance and water ambulance services and can quickly reach remote areas where ground and water ambulance services are unable to reach. Thus, the aforementioned factors are anticipated to help the segment grow.

Emergency Services Insights

The emergency services segment dominated the market and held the largest revenue share of 60.9% in 2021. The segment is anticipated to witness a considerable growth rate over the forecast period. The growth of the emergency services segment can be attributed to the prevalence of cardiovascular diseases such as cardiac arrest, stroke, congestive heart failure and rising cases of COVID-19 across the globe. Emergency ambulance services are provided to patients with acute injury or illness and to those who are in urgent need of medical attention. For instance, according to the Heart and Strokes Organization, Canada, every year, approximately 35,000 people in Canada suffer from cardiac arrest, whereas, this number increases to around 62,000 people suffering from stroke every year.

Additionally, according to statistics by CDC, around 3.4 million people in the U.S. suffer from epilepsy. Similarly, as per the Government of Canada, the number of injuries tallied up to about 101,572 in 2020. Moreover, as per UC Davis Health, about 39,707 deaths occur in the U.S. due to firearm-related accidents. Thus, people suffering from emergency healthcare situations and various traumatic accidents are expected to boost the segment growth over the forecast duration. Nonemergency ambulance services are primarily for the transportation of pediatric and bariatric patients, transportation of patients from one healthcare facility to another, for patients requiring daycare treatments, and transportation of discharged patients from hospital to home. The segment is expected to witness significant growth rate of CAGR 9.19% during the forecast period.

An increasing number of geriatric populations in this region is expected to drive the segment growth. For instance, according to Administration of Community Living, in 2019, the geriatric population aged 65+ in the U.S. was 541 million which accounted for 30 million women &24.1 million men. This population accounted for approximately 16% of the total population in the U.S. Moreover, as per a similar source, the geriatric population in the U.S. is projected to touch the mark of 80.8 million by 2040, and further impel to reach a total population of 94.7 million in 2060. Thus, due to tremendous growth in the geriatric population, coupled with the rising number of discharged patients, the segment is anticipated to witness considerable growth over the forecast period.

Equipment Insights

The Advanced Life Support (ALS) ambulance services segment dominated the market and held the largest revenue share of 67.7% in 2021. Increase in a number of people suffering from cardiac arrest is expected to boost the ALS segment over the forecast period. For instance, as per St. John Ambulance, Canada, approximately, 40,000 people in Canada suffer from cardiac arrest. Moreover, according to Sudden Cardiac Arrest Foundation, approximately 356,000 out-of-hospital cardiac arrest occur in the U.S. every year, which is around 1,000 people every day.

Additionally, the rise in COVID-19 patients has helped the ALS segment propel over the past few years. For instance, according to Worldometer, the total COVID-19 cases in the U.S. have tallied up to 83,437,158 as of May 06, 2022. Patients suffering from COVID-19 are in continuous need of ventilators. Moreover, if a person suffers from additional comorbidities, continuous cardiac monitoring is required. The ALS provides patients with continuous cardiac monitoring and ventilator support along with emergency medical technician. Hence, as a result of the aforementioned factors, the segment is expected to dominate the market.

Global ambulance services market share, by equipment, 2021 (%))

Basic life support (BLS) is anticipated to witness a CAGR of 8.6% during the forecast period. Rising incidence rate of acute illness such as asthma attacks, bronchitis, burns, heart attacks, and pneumonia is expected to drive the segment growth. For instance, as per American Thoracic Society, approximately 1 million adults in the U.S. are admitted in the hospital to treat pneumonia, whereas, 50,000 people from pneumonia.

Moreover, as per data by WHO, around 3.24% of people died due to influenza, and pneumonia in Canada. Similarly, rising number of burn incidence is further increasing the use of BLS ambulances. For instance, according to U.S. Fire Administration, in the U.S. around 1.29 million burn injuries took place in the year 2019. Similarly, according to the Joye Law Firm, on an average, about 450,000 burn injuries are registered in the U.S. alone.

Regional Insights

North America dominated the ambulance services market and accounted for the largest revenue share of 48.0% in 2021. The growth can be attributed to factors such as presence of several key market players in this region, growing demand for high-quality healthcare services, well-established healthcare infrastructure, and favorable reimbursement policies and regulatory reforms in the healthcare sector. For instance, in February 2019, the U.S. Department of Health and Human Services (HHS), Center for Medicare and Medicaid Innovation (Innovation Center), announced a new payment model for emergency ambulance services that aims to allow Medicare Fee-For-Service (FFS) beneficiaries to obtain the most appropriate level of care at the right time and place with the potential for lower out-of-pocket costs. All of these reimbursement regulations make ambulance services accessible to the patient population, hence propelling the market’s growth.

However, in Asia Pacific, the market is projected to witness the fastest CAGR of 12.4% during the forecast duration. The growth rate can be attributed to the rising geriatric population in countries such as China, India, and Japan. For instance, as per Statistics Bureau of Japan, in 2020, the population aged 65+ was tallied up to 36.19 million which contributed around 28.8% of the total population. Similarly, according to WHO, the geriatric population in China is expected to reach 28% of the total population by 2040, as the geriatric population is more susceptible to various ailments, the Asia Pacific region is anticipated to have the fastest growth rate.

Key Companies & Market Share Insights

Key players are involved in adopting strategies such as merger and acquisitions, partnerships, and launching new products to strengthen their foothold in the market. For instance, in September 2017, BVG India Limited and the Andhra Pradesh government collaborated to provide emergency medical services in the state. The company provided 467 ambulances across Andhra Pradesh, which include 389 basic life support and 76 advanced life support ambulances. This joint venture is expected to boost the revenue of the company. Key players are investing heavily in research and development to manufacture technologically advanced products. Some of the prominent players in the ambulance services market include:

  • Envision Healthcare

  • London Ambulance Service NHS Trust

  • Acadian Ambulance Service

  • BVG India Limited

  • America Ambulance Services, Inc.

  • Falck Denmark A/S

  • AIR MEDICAL GROUP HOLDINGS, INC. (AMGH)

  • Air Methods Corporation

  • Ziqitza Healthcare Limited

  • MEDIVIC AVIATION

Ambulance Services Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 39.1 billion

Revenue forecast in 2030

USD 82.4 billion

Growth Rate

CAGR of 9.8% from 2022 to 2030

Base year for estimation

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Transport vehicle, emergency services, equipment, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Japan; China; India; Australia; South Korea; Brazil; Mexico; Argentina; Colombia; South Africa; Saudi Arabia; UAE

Key companies profiled

Envision Healthcare; London Ambulance Service NHS Trust; Acadian Ambulance Service; BVG India Limited; America Ambulance Services, Inc.; Falck Denmark A/S; AIR MEDICAL GROUP HOLDINGS, INC. (AMGH); Air Methods Corporation; Ziqitza Healthcare Limited; MEDIVIC AVIATION

Customization scope

Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global ambulance services market report on the basis of transport vehicle, emergency services, equipment, type and region:

  • Transport Vehicle Outlook (Revenue, USD Million, 2018 - 2030)

    • Ground Ambulance

    • Air Ambulance

    • Water Ambulance

  • Emergency Services Outlook (Revenue, USD Million, 2018 - 2030)

    • Emergency Services

    • Non-emergency Services

  • Equipment Outlook (Revenue, USD Million, 2018 - 2030)

    • Advance Life Support (ALS) Ambulance Services

    • Basic Life Support (BLS) Ambulance Services

  • Type Outlook (Revenue, USD Million, 2018 - 2030)

    • Public

    • Private

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

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