In 2022, Ambulance Market Size in Global Healthcare Services Was Estimated to be Worth $42.4 Bn Is Projected to Grow $99.2 Billion, Representing a CAGR of 9.76% By 2030

Tulsa, OK, April 03, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Ambulance Market By Type (Emergency, Non-Emergency), By Mode Of Transport (Ground, Water, Air), By Equipment Type (Basic Life Support Ambulance Service, Advanced Life Support Ambulance), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Ambulance Market size & share in terms of revenue was valued at USD 42.4 billion in 2022 and it is expected to surpass around USD 89.2 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 9.76% during the forecast period 2023 to 2030.”

What is Ambulance? How big is the Ambulance Industry?

Report Overview:

The global ambulance market size was worth around USD 42.4 Billion in 2022 and is expected to reach USD 89.2 Billion by 2030, growing at a compound annual growth rate (CAGR) of 9.76% during the forecast period.

An ambulance is a specially designed vehicle used to transport sick or injured people to medical facilities, typically in emergency situations. Ambulances are staffed by trained medical professionals, such as paramedics or emergency medical technicians (EMTs), who provide on-site medical care and transportation to hospitals or other medical facilities. Ambulances are equipped with a variety of medical equipment and supplies, including oxygen tanks, defibrillators, and medications. They may also be equipped with advanced technologies, such as telemedicine, to provide real-time medical consultation and support. Ambulances play a critical role in emergency medical services and are essential for ensuring the timely and safe transport of patients to medical care.

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Our Free Sample Report Consists of the Following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
• About 214+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on Request
• Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
• Zion Market Research research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global Ambulance Market: Growth Factors

The global ambulance market is expected to surge exponentially due to the increasing incidence of chronic diseases and injuries, aging populations, advancements in EMS technology, government initiatives to improve emergency medical services, and growing demand for emergency medical services in developing countries. Besides, the development of new and innovative technologies can improve the quality and efficiency of ambulance services, such as telemedicine and smart ambulances.

There is also growing demand for community paramedicine programs, which provide preventive and primary healthcare services in the community. Additionally, the aging population and the rise in chronic diseases create opportunities for ambulance services to provide more specialized and comprehensive care to these populations. However, the ambulance market also faces several restraints and challenges. These include the high cost of ambulance services, which can limit demand, especially for uninsured or underinsured patients. A shortage of qualified EMS personnel can also hinder the quality and availability of services.

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Report Scope

Segmentation Analysis: Segmentation Analysis

By Type

• Emergency
• Non-Emergency

By Mode Of Transport

• Ground
• Water
• Air

By Equipment Type

• Basic Life Support Ambulance Service
• Advanced Life Support Ambulance

The global Ambulance market is segmented as follows:

The global ambulance market is segmented into type, mode of transport, equipment, and region.

Based on type, the market is bifurcated into emergency and non-emergency medical transport. The emergency medical transport segment held the largest market share in 2022 and is further predicted to grow rapidly at a notable CAGR during the forecast period. This is mainly because the emergency segment is a critical component of the overall ambulance market, as emergency medical services (EMS) play a vital role in saving lives and improving patient outcomes. Advances in EMS technology, such as telemedicine and GPS tracking, have enhanced the ability of emergency services to respond quickly and effectively to medical emergencies. These factors drive the growth of the segment.

Based on equipment type, the market is segregated into basic life support ambulance service, and advanced life support ambulance.

Based on mode of transport, the market is segmented into ground, water, and air. The ground ambulance segment held the dominating market share in 2022 and is further projected to cite the fastest CAGR during the forecast period. The ground ambulance segment is a mode of transport in the ambulance market, which includes vehicles that travel on roads and highways to transport sick or injured individuals to medical facilities. Ground ambulances are the most common type of ambulance used in the market, providing a range of services from basic life support to advanced life support. The ground ambulance segment is a critical component of the overall ambulance market, as it provides timely and efficient transportation of patients to medical facilities, particularly in areas where air transportation is not practical or available. In addition, ground ambulances are equipped with a range of medical equipment and supplies, including oxygen tanks, defibrillators, and medications, and staffed by trained medical professionals, such as paramedics or emergency medical technicians (EMTs).

Browse the full “Ambulance Market By Type (Emergency, Non-Emergency), By Mode Of Transport (Ground, Water, Air), By Equipment Type (Basic Life Support Ambulance Service, Advanced Life Support Ambulance), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030”- Report at https://www.zionmarketresearch.com/report/ambulance-market

Competitive Landscape

Some of the main competitors dominating the global Ambulance market include - 

• Babcock Scandinavian AirAmbulance
• Acadian Ambulance Service
• AMR
• Medline Industries Inc.
• Falck USA
• Lifeguard Ambulance
• Medivic Ambulance
• Medstar Ambulance
• Life Line Ambulance
• Priority Ambulance
• Dutch Health BV
• GVS
• Mobile Health Services
• AmeriCare Medical
• America Ambulance Services
• BVG India Limited
• Falck Denmark
• Air Methods
• Harmonie Ambulance
• Ziqitza Health Care
• Aeromedevac
• SHM Shipcare

Key Insights from Primary Research:

• As per the analysis shared by our research analyst, the global ambulance market is expected to grow annually at a promising CAGR of around 9.76% during the forecast period 2023-2030.
• In terms of revenue, the global ambulance market size was valued at around USD 42.4 billion in 2022 and is expected to reach USD 89.2 billion by 2030.
• An ambulance is a specially designed vehicle used to transport sick or injured people to medical facilities, typically in emergency situations. Ambulances are staffed by trained medical professionals, such as paramedics or emergency medical technicians (EMTs), who provide on-site medical care and transportation to hospitals or other medical facilities.
• Based on type, the emergency segment held the largest market share in 2022.
• Based on mode of transport, the ground segment held the dominating market share in 2022.
• Based on region, the North American region held the largest market share in 2022.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Ambulance industry?
• What are the main driving factors propelling the Ambulance Market forward?
• What are the leading companies in the Ambulance Industry?
• What segments does the Ambulance Market cover?
• How can I receive a free copy of the Ambulance Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Type, By Mode Of Transport, By Equipment Type, And By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

The North American region held the largest market share in 2022 and is further predicted to grow notably during the forecast period. The ambulance market in North America is experiencing steady growth, driven by a range of factors such as the increasing demand for emergency medical services, advancements in technology, and favorable government initiatives. The region has a well-established healthcare infrastructure and a high prevalence of chronic diseases, which is contributing to the demand for ambulance services. Additionally, the increasing investment in healthcare facilities and infrastructure is further boosting the growth of the ambulance market in North America.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In 2021, American Medical Response (AMR), one of the largest ambulance service providers in the U.S., announced the acquisition of LifeLine Ambulance, a private ambulance service provider based in Connecticut. The acquisition expands AMR's footprint in the Northeastern U.S. In addition, many ambulance service providers have formed partnerships with hospitals and healthcare organizations to improve patient care and outcomes.
• In August 2021, Falck, a dominant company that provides sustainable healthcare and reliable emergency response services announced that it had signed a five-year contract with the Welsh Ambulance Service, a national ambulance service for Wales, to provide emergency ambulance services in South East Wales region. The contract is valued at approximately £35 million and will provide emergency medical services to over 1.4 million residents.

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/ambulance-market

FREQUENTLY ASKED QUESTIONS

• What is an Ambulance?
• At what CAGR, the global ambulance market will expand during forecast years?
• What will be the market value of global ambulance market by the end of 2030?
• What are the factors driving the global ambulance market growth?
• Which region will contribute notably towards the ambulance market value?
• Who are the leading players in global ambulance market?

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