Ambulance Services Market Size By Mode of Transportation (Air Ambulance, Ground Ambulance, Water Ambulance), By Service (Emergency Medical Services, Non-Emergency Medical Services), By Payer (Public, Private, Out-of-Pocket), By End-use (Hospitals, Nursing Homes, Home Healthcare Settings), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI4724  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 220   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry trends

Ambulance Services Market size surpassed USD 28 billion in 2019 and is poised to grow at a CAGR of around 0.9% between 2020 and 2026. Increasing number of road accidents in the developing regions coupled with growing favourable reimbursement policies across the globe will drive the market growth.
 

Ambulance services refer to pre-hospital treatment provided for serious injuries and illness and transport to an emergency care unit. The ambulance service market will expand with a robust push from the public and private payers.
 

Ambulance Services Market

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Several advantages associated with the ground ambulance over others will foster the segment demand

The ground ambulance segment value was over USD 16 billion in 2019. Vehicles used as an ambulance must be equipped and designed to respond to medical emergencies. Also, in non-emergency situations are capable of transporting patients with acute medical conditions. Ground ambulance services have several advantages and ensure the smoothest journey with highest quality standards during all stages of the patient transfer. Ground ambulance service is considered more cost-effective, accessible, and available than air and water ambulance services, that is better suited to extreme emergencies.

 

Ambulance Services Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 29.6 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 0.9% 2026 Value Projection: USD 50.7 Billion
Pages: 220 Tables, Charts & Figures: 195
Geographies covered (15): U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, Australia, Brazil, Mexico, South Africa, Saudi Arabia
Segments covered: Mode of transportation, Services, End-use and Region
Companies covered (10): Babcock Scandinavian AirAmbulance, Acadian Ambulance Service, BVG India Limited, America Ambulance Services, Falck Danmark, Air Methods, Ziqitza Health Care, Harmonie Ambulance, Aeromedevac, SHM Shipcare
Growth Drivers:
  • Favorable reimbursement policies across the globe
  • Increasing number of road accidents in the developing regions
  • Growing medical tourism in the developing regions
  • Increasing geriatric population
  • Increasing incidence of chronic diseases
Pitfalls & Challenges:
  • Stringent government regulations
  • Shortage of ambulances and proper medical staff

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Increasing demand for nursing homes for effective patient management

The nursing home segment accounted for more than 11% ambulance services market share in 2019. The increasing number of nursing coupled with the growing adoption of ambulance services will propel the market growth. Furthermore, increasing healthcare spending in developing countries for nursing homes will further drive the adoption of ambulance services.
 

Non-emergency medical service is anticipated to show a lucrative growth trajectory

Ambulance Services Market By Services

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The non-emergency medical services segment is predicted to expand at 1.3% CAGR through 2026. Non-emergency services provide medically necessary, pre-scheduled inter-facility services. Non-emergency services are provided to facilities such as nursing homes, hospitals, surgical centers, dialysis centers, and others. Some of the situations in which one can avail of a non-emergency ambulance for safe and convenient transportation are to travel long distances, for special events, for regular medical check-ups, patient logistic support, neonatal transportation, and others.
 

Increasing demand for efficient services by private payers

The private payer segment is estimated to witness around 1% growth rate during the forecast timeframe. Private payers offer numerous types of plans to meet the basic standards specifically set by the government. The private sector has undertaken various initiatives to deliver efficient ambulance services at a certain price. In addition, growing strong presence of this sector in healthcare industry will surge the market revenue.
 

Presence of abundant ambulance services in North America proves beneficial for the regional market growth

Ambulance ServicGlobal Ambulance Services Market By Country

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North America ambulance services market dominated over 35% revenue share in 2019 attributed to the transition towards value-based care in the region. Presence of major industry service providers in the U.S., growing demand for high-quality healthcare facilities, well-established healthcare infrastructure, and favorable reimbursement policies in the healthcare sector will boost the regional market demand.
 

Increasing adoption of growth strategies among the industry players

Some of the eminent players operating in the market include Babcock Scandinavian AirAmbulance, Acadian Ambulance Service, BVG India Limited, America Ambulance Services, Falck Danmark, Air Methods, Ziqitza Health Care, Harmonie Ambulance, Aeromedevac and SHM Shipcare. The industry players are implementing various organic as well as in-organic growth strategies to maintain their market position and financial stability.
  

The market research report on ambulance services include an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:
 

Market, By Mode of Transportation

  • Air ambulance
  • Ground ambulance
  • Water ambulance

Market, By Services

  • Emergency medical services
  • Non-emergency medical services

Market, By Payer

  • Public
  • Private
  • Out-of-pocket

Market, By End-use

  • Hospitals
  • Nursing homes
  • Home healthcare settings
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
       

Frequently Asked Questions (FAQ) :

The market size of ambulance services surpassed USD 28 billion in 2019 and is poised to grow at a CAGR of around 0.9% between 2020 and 2026.
North America dominated over 35% market share in 2019 attributed to the transition towards value-based care in the region.
According to the analysts at GMI, the non-emergency medical services segment is predicted to expand at 1.3% CAGR through 2026.
The private payer segment is estimated to witness around 1% growth rate during the forecast timeframe, says this research report by Global Market Insights, Inc.
Some of the eminent players operating in the market include Babcock Scandinavian AirAmbulance, Acadian Ambulance Service, BVG India Limited, America Ambulance Services, Falck Danmark, Air Methods, Ziqitza Health Care, Harmonie Ambulance, Aeromedevac and SHM Shipcare.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 220
  • Tables: 178
  • Charts / Figures: 17
  • Companies covered: 10
  • Countries covered: 15

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