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Ambulance Services Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR45741
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The ambulance services market size has the potential to grow by USD 7.77 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (emergency and non-emergency) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Acadian Ambulance Service Inc., Air Methods Corp., America Ambulance Services Inc., Babcock International Group PLC, BVG India Limited, Falck AS, Global Medical Response Inc., Netcare ltd., PHI Inc., and Priority Ambulance LLC.

Market Overview

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Market Competitive Analysis

The ambulance services market is fragmented and has the presence of local and regional players. Vendors are focusing on expanding their service offerings by providing both ground and air ambulance services. Key vendors are primarily focusing on the implementation of lightweight fleet, advanced medical technologies onboard, and robust systems. Acadian Ambulance Service Inc., Air Methods Corp., and America Ambulance Services Inc. are some of the major market participants. Although the increasing number of road accidents will offer immense growth opportunities, the high cost and operational constraints of air ambulances will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this ambulance services market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this ambulance services market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

 

  • Acadian Ambulance Service Inc.
  • Air Methods Corp.
  • America Ambulance Services Inc.
  • Babcock International Group PLC
  • BVG India Limited
  • Falck AS
  • Global Medical Response Inc.
  • Netcare ltd.
  • PHI Inc.
  • Priority Ambulance LLC

 

Ambulance Services Market: Segmentation by Geography

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North America was the largest ambulance services market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Increasing road accidents, the rising demand for air ambulance services, the growing geriatric population, and the availability of favorable reimbursement policies will significantly drive ambulance services market growth in this region over the forecast period.

37% of the market’s growth will originate from North America during the forecast period. The US is a key market for ambulance services in North America. However, market growth in this region will be slower than the growth of the market in other regions.

Ambulance Services Market: Segmentation by Type

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The emergency service segment provides services for accident cases, strokes, cardiac arrest, and other cases that require urgent medical assistance. Vendors usually provide services such as advanced life support or paramedic care, and basic life support. One of the significant growth factors for the segment is the increasing prevalence of cardiovascular disorders (CVDs) owing to a rise in pollution and the adoption of sedentary lifestyles. 

Market growth in the emergency segment will be faster than the growth of the market in the non-emergency segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the ambulance services market size.

Ambulance Services Market: Key Drivers and Trends

The increasing number of road accidents will be one of the significant factors contributing to the ambulance services market growth. With the rising number of vehicles on the roads and roads being the primary mode of transportation, road accident injuries and fatalities have also increased. The increasing number of road accidents can be largely attributed to human errors such as speeding, drunken driving, and not following traffic and driving rules. Quick ambulance services in road accident-related cases are essential, as a delay in the treatment of the injured person can result in fatality or patients may lose their limbs due to serious injuries. Hence, with an increasing number of road accidents, the demand for ambulance services will also grow. The ambulance services market size is expected to grow at a CAGR of over 5% during the forecast period.

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Ambulance Services Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive ambulance services market growth during the next five years
  • Precise estimation of the ambulance services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ambulance services industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ambulance services market vendors

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1. Executive Summary                                           

2. Market Landscape                                             

                2.1 Market ecosystem                             

              Exhibit 01:  Parent market                        

                2.2 Market Characteristics                      

              Exhibit 02:  Market Characteristics                        

                2.3 Value chain analysis                           

              Exhibit 03: Value chain analysis of Specialized consumer services market                             

                                2.2.1 Inputs     

                                2.2.2 Operations           

                                2.2.3 Marketing and sales         

                                2.2.4 Support Activities              

                                2.2.5 innovations          

3. Market Sizing                                       

                3.1 Market definition               

              Exhibit 04:  Offerings of vendors included in the market definition                          

                3.2 Market segment analysis                 

              Exhibit 05:  Market segments                  

                3.3 Market size 2019                 

                3.4 Market outlook: Forecast for 2019- 2024                   

              Exhibit 06:  Global - Market size and forecast 2019- 2024 ($ billion)                        

Exhibit 07: ​​​Global ambulance services market 2019-2024 ($ billion), exclusive of COVID-19 impact                                

              Exhibit 08:  Global market: Year-over-year growth 2019- 2024 (%)                          

4. Five Forces Analysis                                          

                4.1 Five Forces Summary                        

              Exhibit 09: Five forces analysis 2020 & 2025                       

                4.2 Bargaining power of buyers                           

                4.3 Bargaining power of suppliers                       

                4.4 Threat of new entrants                    

                4.5 Threat of substitutes                         

                4.6 Threat of rivalry                   

                4.7 Market condition                

              Market condition - Five forces 2020                       

5. Market Segmentation by Type                                     

                ​The segments covered in this chapter are:                       

  • Emergency                      
  • Non-emergency​                            

​​The two segments have been ranked based on their market size in 2019. The emergency segment constituted the largest segment in 2019, while the smallest segment was non-emergency. The 2019 market position of all the segments will likely remain the same in 2024. The ranking of none of the segments will change by 2024, and this indicates that the market composition will see limited changes.               

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                5.1 Market segments               

              Exhibit 16: Type - Market share 2019- 2024 (%)               

                5.2 Comparison by Type                          

              Exhibit 17: ​Comparison by Type                              

                5.3 Emergency - Market size and forecast 2019- 2024                

              Exhibit 18: Emergency - Market size and forecast 2019- 2024 ($ billion)​                

Exhibit 19: ​Emergency - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact                                

              Exhibit 20: ​Emergency - Year-over-year growth 2019- 2024 (%)                

                5.4 Non-emergency - Market size and forecast 2019- 2024                      

              Exhibit 21: Non-emergency  - Market size and forecast 2019- 2024 ($ billion)​                     

Exhibit 22: ​​​​​​​​​​​​Non-emergency - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact                 

              Exhibit 23: Non-emergency  - Year-over-year growth 2019- 2024 (%)                     

                5.5 Market opportunity by Type                          

              Exhibit 24: ​Market opportunity by Type                              

6. Customer landscape                                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria                   

              Exhibit 25: ​Customer landscape​                              

7. Geographic Landscape                                     

                ​​The regions covered in the report are:                              

  • North America                               
  • Europe                              
  • APAC                 
  • South America                               
  • MEA​                   

The five regions have been ranked based on their market size in 2019. North America ranked first as the largest region, while MEA was the smallest region in 2019. In 2024, the five regions will maintain their position as that of 2019. This is indicative of limited changes in the geographical composition of the market, given that the ranking of no region will change by 2024.                      

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                7.1 Geographic segmentation               

              Exhibit 26: ​Market share by geography 2019- 2024 (%)                

                7.2 Geographic comparison                   

              Exhibit 27: Geographic comparison                       

                7.3 North America - Market size and forecast 2019- 2024​                         

              Exhibit 28: ​North America - Market size and forecast 2019- 2024 ($ billion)​                         

Exhibit 29: ​​​​Ambulance services market in North America 2019-2024 ($ billion), exclusive of COVID-19 impact                 

              Exhibit 30: ​​​​Key countries in North America - Market size forecast 2019 to 2024 ($ billion)             

              Exhibit 31: ​North America - Year-over-year growth 2019- 2024 (%)                         

                7.4 Europe - Market size and forecast 2019- 2024                         

              Exhibit 32: ​Europe - Market size and forecast 2019- 2024 ($ billion)                        

Exhibit 33: ​​​​​​​Ambulance services market in Europe 2019-2024 ($ billion), exclusive of COVID-19 impact                                

              Exhibit 34: ​​​​Key countries in Europe - Market size forecast 2019 to 2024 ($ billion)            

              Exhibit 35: ​Europe - Year-over-year growth 2019- 2024 (%)                        

                7.5 ​APAC - Market size and forecast 2019- 2024                            

              Exhibit 36: ​APAC - Market size and forecast 2019- 2024 ($ billion)​                           

Exhibit 37: ​​​​​​​​​Ambulance services market in APAC 2019-2024 ($ billion), exclusive of COVID-19 impact                                

              Exhibit 38: ​​​​Key countries in APAC - Market size forecast 2019 to 2024 ($ billion)               

              Exhibit 39: APAC - Year-over-year growth 2019- 2024 (%)                            

                7.6 South America - Market size and forecast 2019- 2024                          

              Exhibit 40: ​South America - Market size and forecast 2019- 2024 ($ billion)​                         

Exhibit 41: ​​​​​​​Ambulance services market in APAC 2019-2024 ($ billion), exclusive of COVID-19 impact                               

              Exhibit 42: ​​​​Key countries in South America - Market size forecast 2019 to 2024 ($ billion)             

              Exhibit 43: South America - Year-over-year growth 2019- 2024 (%)                         

                7.7 MEA - Market size and forecast 2019- 2024                             

              Exhibit 44: MEA - Market size and forecast 2019- 2024 ($ billion)                             

Exhibit 45: ​​​​​​​​Ambulance services market in MEA 2019-2024 ($ billion), exclusive of COVID-19 impact                               

              Exhibit 46: ​​​​Key countries in MEA - Market size forecast 2019 to 2024 ($ billion)                 

              Exhibit 47: MEA - Year-over-year growth 2019- 2024 (%)                             

                7.8 Key leading countries                        

              Exhibit 48: Key leading countries                            

                7.9 Market opportunity by geography                

              Exhibit 49: Market opportunity by geography ($ billion)                               

8. Drivers, Challenges, and Trends                                   

                8.1 Market drivers                     

              8.1.1 ​​​​Increasing number of road accidents                         

              8.1.2 Growing geriatric population                        

              8.1.3 Favorable reimbursement policies                             

                8.2 ​Market challenges                              

              8.2.1 ​​​​​​​High cost and operational constraints of air ambulances                  

              8.2.2 Operational challenges of road ambulance transportation services                              

              8.2.3 Intensifying vendor competition                 

              Exhibit 50: Impact of drivers and challenges                      

                8.3 Market Trends                     

              8.3.1 Rising popularity of air ambulance services in developing countries                             

              8.3.2 ​​Increasing prevalence of infectious diseases                          

              8.3.3 ​​Rising adoption of advanced onboard medical treatment                

9. Vendor Landscape                                             

                9.1 Competitive Scenario                        

                9.2 Vendor landscape                               

              Exhibit 51: Vendor landscape                  

                9.3 Landscape disruption                        

The potential for the disruption of the market landscape was low in 2019, and its threat is expected to remain unchanged by 2024.                   

              Exhibit 52: ​Landscape disruption​                            

                9.4 Landscape disruption                        

              Exhibit 53: Industry risks                            

10. Vendor Analysis                               

                10.1 Vendors covered                              

              Exhibit 56: Vendors covered                    

                10.2 Market positioning of vendors                    

              Exhibit 57: ​Market positioning of vendors​                          

                10.3 Acadian Ambulance Service Inc.                 

              Overview                         

              Business Segments                      

              Key Offering                   

                10.4 ​​​Air Methods Corp.                           

              Overview                         

              Business Segments                      

              Key Offering                   

                10.5 America Ambulance Services Inc.                              

              Overview                         

              Business Segments                      

              Key Offering                   

                10.6 Babcock International Group Plc                

              Overview                         

              Business Segments                      

              Key Offering                   

                10.7 ​BVG India Limited                             

              Overview                         

              Business Segments                      

              Key Offering                   

                10.8 ​​​Falck AS                

              Overview                         

              Business Segments                      

              Key Offering                   

                10.9​ Global Medical Response Inc.                     

              Overview                         

              Business Segments                      

              Key Offering                   

                10.10 ​​​Netcare ltd.                      

              Overview                         

              Business Segments                      

              Key Offering                   

                10.11 ​​PHI Inc.                               

              Overview                         

              Business Segments                      

              Key Offering   

                10.12 Priority Ambulance LLC                

              Overview                         

              Business Segments                      

              Key Offering   

11. Appendix                                            

                11.1 Scope of the report                         

              11.1.1 ​​​​Market definition                            

              11.1.2 ​​​​Objectives                          

              11.1.3 ​​​​Notes and caveats                           

                11.2 Currency conversion rates for US$                            

              Exhibit 92: ​Currency conversion rates for US$​                   

                11.3 Research Methodology                 

              Exhibit 93: ​Research Methodology                        

              Exhibit 94: ​​Validation techniques employed for market sizing​                    

              Exhibit 95: ​​Information sources                              

                11.4 List of abbreviations                        

              Exhibit 96: List of abbreviations                              

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The ambulance services market growth will increase by $7.77 billion during 2019-2024.
The ambulance services market is expected to grow at a CAGR of 5.11% during 2019-2024.
Technavio has segmented the ambulance services market by type (Emergency and Non-emergency) and geographic (North America, Europe, APAC, South America, and MEA).
Acadian Ambulance Service Inc., Air Methods Corp., America Ambulance Services Inc., Babcock International Group PLC, BVG India Limited, Falck AS, Global Medical Response Inc., Netcare ltd., PHI Inc., Priority Ambulance LLC are a few of the key vendors in the ambulance services market.
North America will register the highest growth rate of 36.81% among the other regions. Therefore, the ambulance services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the ambulance services market growth are:
  • Increasing number of road accidents
The ambulance services market vendors should focus on grabbing business opportunities from the emergency segment as it accounted for the largest market share in the base year.
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