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 was estimated over USD 28 billion in 2019 and the industry will grow by a CAGR more than 0.9% up to 2026. The drive-in healthcare industry is expanding its spectrum of services as the innovations in healthcare are treading new paths to enable the people of all ages and groups to receive comprehensive care. The ambulance services are considered an integral part of the emergency medicine department.
 

Ambulance Services Market

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There are generally three modes of transportation for ambulance services like an air ambulance, ground ambulance, and water ambulance. Service providers of this industry provide ambulance with the necessary facilities, like defibrillators, monitors, ventilators, continuous oxygen supply, and others that drives the market growth over the forecast period.
 

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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Favorable reimbursement policies propel the business expansion

Ambulance services include transport by ground, air, and water. The ambulance transportation benefit covers a medically essential transport of a beneficiary by air or ground ambulance to the nearest appropriate facility that can treat the patient's condition when any other methods of transportation are contraindicated.
 

The ground ambulance destination necessities must be met to qualify for the reimbursement. The patient must be transported to the nearby local facility that has appropriate services for treatment.
 

An ambulance provider may be a hospital-based ambulance service or an independent ambulance supplier. If an individual was pronounced dead before the time ambulance was called, then no reimbursement will be made. Thus, growing favourable reimbursement policies will drive the overall market growth. However, the shortage of ambulances and proper medical staff might hamper the ambulance services industry growth.
 

Ambulance Services Market Size

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Several advantages associated with the ground ambulance over others foster the segmental expansion

The ground ambulance segment was valued over USD 16 billion in 2019 and is estimated to show a similar market growth trend over the coming years. 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. The above-mentioned factors will thereby drive the segmental market growth over the forecast period.
 

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

The non-emergency medical services segment of the ambulance services market will expand at 1.3% CAGR. 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. The above-mentioned factors will thereby drive the market growth over the forecast period.
 

Ambulance Services Market Share

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Increasing demand for nursing homes for effective patient management will stimulate the business growth

The nursing home segment of ambulance services accounted for more than 11% revenue share in 2019 and is estimated to progress during the analysis timeframe. The increasing number of nursing coupled with the growing adoption of ambulance services will propel market growth. Furthermore, increasing healthcare spending in developing countries for nursing homes will further drive the adoption of ambulance services. Thus, above-mentioned aspects will boost the segment market growth over the forecast timeframe.
 

Increasing demand for efficient services by private payers will stimulate the business growth

The private segment will witness more than 1% CAGR over the analysis 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 overall market growth.
 

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

North America ambulance services market accounted for more than 35% revenue share in 2019. Regional growth is mainly 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 drive the regional market growth.
 

Increasing adoption of growth strategies will drive the market growth

Some of the eminent market players operating in the ambulance services market share 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 among others. These industry players are implementing various organic as well as in-organic growth strategies to maintain their market position and financial stability. 
 

  • In July 2019, Babcock Scandinavian announced its six-year fixed wing air ambulance services contract in Norway. Babcock Scandinavian AirAmbulance will be responsible for all fixed wing air ambulance operations in Norway, transporting around 9,000 patients per year.
     

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

By Mode of Transportation

  • Air ambulance
  • Ground ambulance
  • Water ambulance

By Services

  • Emergency medical services
  • Non-emergency medical services

By Payer

  • Public
  • Private
  • Out-of-pocket

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 nursing home segment of ambulance services accounted for more than 11% revenue share in 2019.
The private segment will witness more than 1% CAGR over the analysis timeframe.
North America was the leading region which accounted for more than 35% revenue share in 2019.
The non-emergency medical services segment will expand at 1.3% CAGR through 2026.

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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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