Ambulance Services Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,China,Japan,Germany,France - Size and Forecast 2023-2027

Ambulance Services Market Forecast 2023-2027

The Ambulance Services Market size is forecast to increase by USD 12.92 billion, at a CAGR of 6.75% between 2022 and 2027. The market's expansion relies on several factors, notably the rising incidence of road accidents driving up the demand for prompt emergency medical services. Additionally, the growing geriatric population requires specialized care and transportation, further fueling market growth. Furthermore, favorable reimbursement policies in ambulance services incentivize both providers and patients, encouraging higher utilization rates. These factors collectively underscore the vital role in modern healthcare systems, where timely intervention can significantly impact patient outcomes. As such, the market is poised for continued growth as it addresses the evolving needs of society and the healthcare landscape.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This 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.

Market Dynamics and Customer Landscape

In the realm of the market, several drivers, trends, and challenges shape the landscape. The growing demand for medical transport driven by an aging population and increased emergency response requirements underscores the sector's significance. Additionally, advancements in digitalization and electronic health facilitate more efficient medical history access and treatment plans. However, challenges persist, including healthcare service accessibility gaps and the need for specialized vehicles like neonatal ambulances. As the sector navigates these dynamics, innovations in specialist medical tools and fixed-wing aircraft signify promising trends, ensuring more effective and comprehensive emergency care in both current and future scenarios. 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.

Key Market Driver

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 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.

Further, 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 market. 

Significant Market Trends

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 companies in the market. Some countries, such as India, have introduced dedicated air ambulance services for emergencies.

However, 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 market during the forecast period. 

Major Market Challenge

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 ambulances 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 market during the forecast period.

Customer Landscape

The market report includes the adoption lifecycle of the market research and growth, 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 market growth and forecasting strategies.

Customer Landscape

Who are the Major Market Companies?

Companies 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 companies, including:

• 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.
• Ziqitza Healthcare Ltd.

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market encompasses a diverse array of critical healthcare provisions tailored to various needs and scenarios. From Central Ambulance dispatch centers coordinating swift responses to Medical transport vehicles equipped with specialist tools for on-the-go care, the sector ensures timely access to essential services. Emergency vehicles range from basic to advanced, including Fixed-wing aircraft for rapid transportation over long distances. Health insurance plays a pivotal role in coverage, facilitating access to vital Healthcare services. Digitalization enhances efficiency, enabling seamless management of Electronic Health records containing crucial medical histories, diagnoses, and treatment plans. Specialized units like Neonatal ambulances cater to delicate cases, ensuring optimal care in both current and future healthcare scenarios.

The market share growth by the advance life support (ALS) ambulance services segment will be significant during the forecast period. ALS ambulances provide medical care and transportation to patients who require medical care beyond that provided by basic life support (BLS) ambulance services. 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 15.1 billion 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.

Which are the Key Regions for the Market?

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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 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 companies in the market. According to the Air Medical Services Association, more than 550,000 patients in the United States use air ambulance assistance each year. The growth of the market in North America is also driven by an aging population, declining emergency room visits in existing hospitals, and changes in rural healthcare delivery. 

Segment Overview

The 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. 

• Service Type Outlook
  • Advance life support (ALS) ambulance services
  • Basic life support (BLS) ambulance services

• Type Outlook 
  • Emergency
  • Non-emergency

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Argentina
    • BraIl
    • Chile

Market Analyst Overview 

In the market, various factors and trends influence its trajectory. From emergency vehicles equipped for natural disasters to specialized ambulances tailored for different scenarios, the sector has evolved with advancements like GPS tracking and telemedicine integration. Data analytics and technological integration enhance resource allocation and decision-making, ensuring prompt medical responses. However, challenges persist, including the management of chronic diseases and ensuring service quality amidst urbanization. The future promises advancements in real-time monitoring and advanced technologies, driving efficiency and effectiveness. As emerging players leverage medical technology and foster community collaboration, the ambulance services sector remains pivotal in ensuring timely and quality healthcare delivery in both the current scenario and future scenarios.

In the market, emergency vehicle play a crucial role in providing immediate medical assistance. Specialized ambulance, including mortuary ambulance, basic ambulance, advanced ambulance, and neonatal ambulance, cater to diverse medical needs. Data-driven decision-making enhances service efficiency and accuracy in diagnosis and managing allergies. Moreover, the market extends beyond emergencies, offering non-emergency services for medical transportation. However, ensuring seamless operations requires robust transportation infrastructure. As the industry evolves, optimizing these aspects will be vital for delivering effective ambulance services to communities.

Market Scope
Report Coverage	Details
Page number	161
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.75%
Market growth 2023-2027	USD 12.92 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	5.57
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 38%
Key countries	US, China, Japan, Germany, and France
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
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.
Market dynamics	Parent market growth analysis, Market Forecasting, 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.
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.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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