Ambulance Services Global Market Report 2024

The ambulance services market size has grown strongly in recent years. It will grow from $73.83 billion in 2023 to $80.04 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed during the historical period in ambulance services can be attributed to factors such as the increasing demand for emergency medical services, urbanization trends leading to higher population density, government regulations and standards governing emergency medical services, the influence of health insurance coverage, and efforts focused on public awareness and education regarding the importance of timely medical assistance.

The ambulance services market size is expected to see strong growth in the next few years. It will grow to $101.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period for ambulance services can be attributed to factors such as population aging, the increasing focus on pandemic preparedness, the implementation of community paramedicine programs, integration with mobile health apps, and the growing impact of climate change and natural disasters. Major trends expected in the forecast period encompass the use of data analytics for resource allocation, the integration of technology into emergency medical services, the incorporation of telemedicine, the provision of specialized ambulance services, the adoption of data-driven decision-making approaches, and increased community collaboration for emergency response.

Transformations in lifestyles and an increase in sedentary jobs are reshaping the disease profile of the global population, necessitating the demand for ambulance services. For example, data from the Centers for Disease Control and Prevention (CDC) in May 2023 reveals that over 356,000 people experience out-of-hospital cardiac arrests in the United States annually, with 60% to 80% facing fatalities before reaching the hospital. The surge in cardiac arrests due to lifestyle changes propels the need for ambulance services.

The growth of the ambulance services market is anticipated to be driven by a mounting number of road accidents. Road accidents, involving vehicle collisions and resulting in damage and injuries, necessitate immediate medical response and transport provided by ambulance services. For instance, statistics from the National Highway Traffic Safety Administration in August 2022 indicate a 7% rise in motor vehicle traffic crash-related deaths, with an estimated 9,560 fatalities in the first quarter of 2022 compared to the same period in 2021. Consequently, the escalating number of road accidents fuels the expansion of the ambulance services market.

Despite the demand for ambulance services, the increasing provision of subsidized or free healthcare services by federal and state governments poses a restraint on the healthcare services market. The availability of quality healthcare services at reduced or no cost leads patients to opt for government healthcare services, limiting opportunities for private healthcare service providers. An example is the National Health Service (NHS) in the UK, offering free healthcare services to all legal residents and visitors, indicating a potential impediment to the healthcare services market.

Electronic Health Records (EHRs) facilitate the digitalization of patient information, including medical history, diagnoses, medications, treatment plans, immunization dates, allergies, and test results. The adoption of EHRs by medical practitioners and healthcare centers enhances practice management, improves diagnostic and treatment outcomes, and contributes to cost savings. This digitalization trend is instrumental in shaping the landscape of modern healthcare services.

Major companies in the ambulance services market are emphasizing the introduction of innovative solutions such as 5G ambulance services. This healthcare initiative utilizes fifth-generation (5G) wireless technology to elevate patient diagnosis, treatment, and care during transportation. For instance, Zenzo, an India-based healthcare provider, launched its pioneering 5G ambulance service in Mumbai in August 2023. Equipped with advanced medical tools and telemetry devices, the 5G ambulance introduces a new era of real-time data collection and analysis, setting a groundbreaking standard for pre-hospital care in India and globally.

Major companies operating in the ambulance services market report are Fresenius Medical Care AG & Co. KGaA, Providence Service Corporation, Alia MedFlight, Babcock International Group PLC, Falck AS, Air Methods Corporation, American Medical Response Inc., Global Medical Response, Acadian Ambulance Service Inc., Boston MedFlight, Cataldo Ambulance Service, Care Ambulance Service, National Health Service England, Life EMS Ambulance, Medivic Aviation, Air Ambulance Worldwide, AirLink Critical Care Transport, AirMed International, AirMedCare Network, AirXpress, Allina Health Emergency Medical Services, Ambulance Service Company, Ambulnz, Apollo MedFlight, Arizona Ambulance Transport, ATS Medical Services, Bell Ambulance, Community Ambulance, Critical Care Medflight, Orange County Fire Rescue.

Western Europe was the largest region in the ambulance services market in 2023. North America was the second largest region in the ambulance services market. Africa was the smallest region in the ambulance services market. The regions covered in the ambulance services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ambulance services market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

The primary types of ambulance services include ground ambulance services, air ambulance services, and water ambulance services. An air ambulance is a specially designed helicopter or fixed-wing aircraft used to transport injured or sick individuals during medical emergencies, especially over long distances or challenging terrains. Ambulance services can be owned either as part of a chain or as standalone entities, and expenditures may be categorized as either public or private. These services are utilized by both men and women.

The ambulance services market research report is one of a series of new reports that provides ambulance services market statistics, including ambulance services industry global market size, regional shares, competitors with an ambulance services market share, detailed ambulance services market segments, market trends and opportunities, and any further data you may need to thrive in the ambulance services industry. This ambulance services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ambulance services market includes revenues earned by entities by providing mortuary ambulance, basic ambulance, advanced ambulance, and neonatal ambulance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.