Ambulance Services Market Analysis

Ambulance Services Market Analysis

The ground ambulance segment was valued 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.

The non-emergency medical services segment will expand at 1.3% growth rate 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.  

The nursing home segment accounted for more than 11% of the ambulance services market share in 2019. The rising number of nursing coupled with the growing adoption of ambulance services will boost the industry expansion. Furthermore, increasing healthcare spending in developing countries for nursing homes will further fuel the acceptance of ambulance services.

The private segment is estimated to attain a CAGR of 1% by 2025. 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 business revenue.

North America ambulance services market captured more than 35% of revenue share in 2019 led by 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 impel the regional expansion.