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The ambulance services market size is estimated to grow at a CAGR of 6.75% between 2022 and 2027. The market size is forecast to increase by USD 12,920.6 million. The growth of the market depends on several factors, including the increasing number of road accidents, the growing geriatric population, and favorable reimbursement policies in ambulance services.
This ambulance services market report extensively covers market segmentation by service type (advance life support (ALS) ambulance services and basic life support (BLS) ambulance services), type (emergency and non-emergency), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Favorable reimbursement policies in ambulance services are notably driving the market growth, although factors such as the lack of proper communication in ambulance services may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Favorable reimbursement policies in ambulance services are notably driving the market growth. In the U.S., Medicare does not allow medical care when a patient needs to be transported to an emergency access hospital, hospital, or licensed nursing facility, because transporting the patient in any other vehicle could endanger their health. It includes ground ambulance transport that provides the services that patients need. Medicare also covers the cost of air transportation for emergency services when ground transportation is not available. Medicare may also pay for non-emergency ambulance transport if the patient receives written instructions from a physician that ambulance transport is required.
Many European countries offer cheap refunds for emergency services. For example, Germany, Switzerland, Sweden, Slovakia, and the Netherlands have special reimbursement policies for emergency medical services. The European National Health Service, known as Servizio Sanitario Nazionale (SSN), offers a free ambulance service in emergencies. Additionally, if the ambulance is owned by SSN, the air ambulance service fee will be refunded in case of an emergency. The existence of such favorable reimbursement policies increases patient acceptance of ambulance services. These factors are driving the growth of the global ambulance services market.
The increasing prevalence of infectious diseases is the key trend shaping the market. Multidrug resistance (MDR) and the rise of new bacterial and viral diseases are leading causes of infectious diseases worldwide. Recent outbreaks of infectious diseases such as Ebola, Zika, Dengue, Middle East Respiratory Syndrome, Influenza, and Severe Acute Respiratory Syndrome have raised global health concerns. In addition, rapid population growth, lifestyle changes, and climate change are increasing the prevalence of infectious diseases worldwide. As the need for emergency medical assistance increases, the demand for emergency medical services is also increasing. Additionally, the outbreak of COVID-19 opened up significant growth opportunities for the vendors in the market. Some countries, such as India, have introduced dedicated air ambulance services for emergencies.
Market participants are expanding their operations in emerging markets such as India, China, and Brazil to expand their portfolio of products and services by taking advantage of low manufacturing and labor costs. For example, JetSetGo launched air ambulance services in January 2022 to provide better emergency services and increase access to healthcare in remote areas of India. Hence, the prevalence of infectious diseases is expected to drive the growth of the global ambulance services market during the forecast period.
The lack of proper communication in ambulance services may impede the market growth. Communication is fundamental to the decision-making process regarding the use of helicopter emergency medical services (HEMS). HEMS dispatchers sometimes receive reports that do not accurately describe the patient's level of medical emergency. This is misleading and prevents medical emergency management centers from providing adequate care. Callers often describe the situation as a medical emergency when it is not. This will lead to the termination of the air rescue service provider's mission, resulting in additional costs.
Air ambulances can significantly reduce the time it takes to transport a patient to a medical facility, but the service is expensive compared to road or water ambulance services. Air ambulance services are, therefore, primarily used for critical medical emergencies that require time-bound medical intervention. Therefore, a lack of proper communication is expected to hamper the growth of the global ambulance services market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Ambulance Services Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acadian Ambulance Service Inc.: The company offers ambulance services such as Acadian emergency transport services.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the advance life support (ALS) ambulance services segment will be significant during the forecast period. ALS ambulance services provide medical care and transportation to patients who require medical care beyond that provided by basic life support (BLS) ambulance servcies. ALS ambulances are typically staffed by highly trained medical professionals, such as paramedics and emergency medical technicians (EMTs), and are equipped with the latest medical equipment and medicines to support critically ill patients.
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The advance life support (ALS) ambulance services segment was valued at USD 15,098.50 million in 2017 and continued to grow until 2021. ALS ambulances are equipped with advanced monitoring systems, such as electrocardiograms (ECGs) and pulse oximeters, allowing medical professionals to track patient vital signs and intervene immediately if needed. ALS ambulance services are essential when comprehensive medical care is needed to save a patient's life in emergencies such as cardiac arrest, major trauma, and respiratory distress. Emergency situations such as the 7.8-magnitude earthquake that struck Turkey and war-torn Syria in 2022, killing more than 20,000 people in both countries, have increased the demand for ambulances to provide advanced care to patients. Thus, the rising demand for ALS will drive the growth of the segment during the forecast period.
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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The regional Ambulance Services market witnessed strong growth in 2022 and is anticipated to witness the same growth during the forecast period. Major factors contributing to the growth of the market in this region include increasing traffic accidents, increasing demand for air ambulance services, increasing elderly population, and availability of favorable reimbursement policies.
In North America, the high number of vehicles in use and large urban populations cause traffic congestion on many major roads, leading to an increase in traffic accidents. Moreover, the increasing prevalence of rescue aircraft is opening up significant growth opportunities for the vendors in the market. According to the Air Medical Services Association, more than 550,000 patients in the United States use air ambulance services each year. The growth of the ambulance services market in North America is also driven by an aging population, declining emergency room visits in existing hospitals, and changes in rural healthcare delivery.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. A significant increase in the number of COVID-19 cases in countries such as the US, Canada, and Mexico had a positive impact on the growth of the ambulance services market in North America in 2020. Although the demand for ambulance services for traffic accidents was low, the rising number of COVID-19 cases increased the demand for ambulance services for emergency and non-emergency transport of COVID-19 patients. Most of these people contracted the virus through contact with COVID-19 cases or through travel to countries hit hard by the pandemic. However, with the start of the 2021 mass vaccination campaign, advances in aviation infrastructure, and increased government spending on medical infrastructure advances in North America have increased demand for enhanced services such as air ambulance services, thereby driving the regional market growth.
The ambulance services market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global ambulance services market as a part of the global specialized consumer services market. The parent global specialized consumer services market covers revenue generated by consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Ambulance Services Market Scope |
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Report Coverage |
Details |
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Page number |
161 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.75% |
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Market growth 2023-2027 |
USD 12,920.6 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.57 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 38% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Acadian Ambulance Service Inc., Air Charter Service Group Ltd., Air Methods Corp., Air Rescuers World Wide Pvt Ltd., American Air Ambulance, American Ambulance Service Inc., Babcock International Group Plc, Bristow Group Inc., BVG India Ltd., Envision Healthcare, Falck Danmark AS, Harmonie Ambulance, Luxembourg Air Rescue Asbl, Medical Air Service, MEDIVIC PHARMACEUTICAL PVT. LTD., Netcare ltd., PHI Group Inc., Priority Ambulance, REVA Inc., and Ziqitza Healthcare Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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