Ambulance cots are stretchers/apparatus that are used to carry patients requiring medical care. As the name suggest, these cots are generally used in ambulances for carrying patients for emergency as well as non-emergency cases. They are also known as ambulance trolleys, manual ambulance cots, pneumatic ambulance cots, or electric ambulance cots. Increasing awareness and adoption of ambulance services; rising healthcare spending; and an increase in the aging population are some factors that are expected to increase the revenue of the ambulance cots market globally. The manual cots contribute maximum share in the ambulance cots market, and will continue to do so. Launch of several ambulance services in regions, such as Pakistan, China, and India, further exert traction on the adoption of ambulance cots. Expansion in APAC and local manufacturing of ambulance cots in the region remain the key to growth of the ambulance cots market in the APAC region. On the one hand, North America is a highly matured ambulance cots market that possesses expertise and resources, and is expected to be prominent in the global ambulance cots market.
Efforts to Meet the Demands for Sufficient Ambulance and Professionals Offer Significant Growth Opportunity for Ambulance Cots Manufacturers
The number of ambulances in regions, such as APAC, does not meet the WHO standards. Insufficient ambulances along with the lack of ambulance personnel offers opportunity for the growth of ambulance cots market considering the growing efforts made by public and private players to meet the demands. Several factors could also offer significant growth opportunities, especially in favorable conditions such as government investment to increase awareness, launch and adoption of private EMS services, and funding for increasing the number of ambulances (public & private) to meet the demand. For an instance, in Australia, the budget in 2017 added 50 new relief paramedics to the existing NSW ambulance services. Thus APAC region is expected to witness a high growth rate for ambulance cots market, through the forecast period.
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High Cost for Emergency Services Hampering the Use of Ambulance Services
Manufacturers of ambulances have to adhere to the stringent regulations, resulting in the high cost of the ambulance. Furthermore, with the added cost of essential equipment and paramedics, the cost of an ambulance ride is very high. For instance, in America, NSW ambulances cost AUD$ 372; plus AUD$ 3.35/km; capped at AUD$ 6095; Victorian ambulance offers a standard cost of AUD$ 1204; Western Australians face a flat fee of AUD$ 949. The high cost of ambulance service might hamper the adoption of ambulance services, especially in regions with low reimbursement. This, in turn, might hinder the growth of the ambulance cot market to some extent during the forecast period.
Cardiovascular Emergencies and Ageing Population is Leveraging the Use of Ambulance Services
The ageing population is rising across the world. According to World Bank population over 65 years in China has increased from 9.7% in 2015 to 10.1% in 2016. Diseases such as cancer, diabetes, osteoporosis, dementia, COPD and many others are strongly associated with old age that offer opportunity for growth of emergency services. It has been noted that a majority of ambulance dispatches are addressed to patients of 65 years and older. With the increasing aging population, there is a trend of increased use of emergency services that include the use of ambulances. This trend favors the growth of the ambulance cots market.
One of the most common causes of ambulance calls is cardiovascular disease-related emergencies, such as a heart attack. It is also the number one cause of deaths across the globe. In the U.S., about 600,000 people die due to heart diseases every year. The proportion of the population living with heart failure in China, Japan, Malaysia, and Singapore was estimated to be about 1.3%, 1%, 6.7%, and 4.5%, respectively, in 2015. Insufficient physical activity, tobacco smoking, increased blood glucose, and ageing population, are some of the factors that trigger the number of cardiovascular diseases. Increase in the number of cardiovascular cases consequently drives the use of ambulances and support the growth of the ambulance cots market globally.
Asia Pacific Region Showing a Significant Growth for the Ambulance Cots Market
There is an increased use of ambulance in the Asia Pacific region. According to various studies conducted in the region, about a little more than 50% of ambulance calls were non-emergency in 2017, in the region. Furthermore, in regions such as Japan, ambulance service is free. This increases the demand for ambulance services in the region. A number of ambulance services are available in the Asia Pacific region that include both government and private providers. Furthermore, unauthorized ambulance services are also working to meet the increasing demand and insufficient ambulance services. Another important trend in the region is the rising ageing population. Many studies conducted in Asia Pacific indicate that a majority of ambulance dispatches were to address with patients 65 years and older. Thus, large patient pool in the region is expected to strongly support the rapid growth of the ambulance cots market.
Increasing Number of Ambulance Services to Boost the Demand for Ambulance Cots
Although, ambulance services are offered by the public sector in most countries, private ambulance service providers are also prominent. With the development and increasing adoption of air ambulance in emerging countries such as India, Brazil and Saudi Arabia, the scope for private air ambulance players is increasing. In the U.S., private ambulance services have lowest rates for an ambulance ride, this increases the adoption of ambulance services thereby promoting the growth of the ambulance cots market. Apart from the low cost, private ambulance services in the European region receives a boost from National Health Services (NHS) which spends about $ 100,000,000 a year to private ambulances to supplement their services. Increasing number of private ambulance service providers are also seen in Latin America. This region is expected to witness a trend of increasing adoption of air ambulance services that in turn will favor the growth of electric and pneumatic ambulance cots.
Rising Awareness about Emergency Services – A Key Growth Promoter
The awareness regarding emergency services is mandatory among the general public for the success of EMS service. For instance, a study conducted on a small sample of Indian population resulted that about 73.0% of participants are aware of 108 ambulance services in the country, however are not aware of other local providers of EMS. In Australia, NSW Ambulance conducts a number of campaigns to create awareness about ambulances and when they can be used. The rising awareness among general public increases the use of ambulance services resulting in growing fleet sizes to meet the needs. For instance, NSW ambulance service in Australia and Edhi in Pakistan have increased their fleet size in 2017 to meet the growing demand for ambulance services. Thus, the ambulance service market is driven by the growing awareness of the general public, which in turn is a driving factor for the growth of the ambulance cots market.
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Rising Medical Tourism to Drive the Demand for Ambulance Cots
Medical tourism is a growing sector in Brazil, India, Thailand, Singapore, and others. Some of the key factors for the growth of medical tourism in these regions are high-quality facilities, English-speaking medical professionals, cost-effectiveness, and tourist attraction. India, Thailand, and Singapore together attract about 80% of the global medical tourism market, of which Thailand takes the largest share. In India, the number of tourist arrived for medical care in 2014, 2015, and 2016 were, 1,84,298, 2,33,918 and 4,27,014, respectively, which directly indicates the growth of this sector in India. The increasing medical tourism is expected to increase the growth of emergency medicine services including the use of private and public ambulances, ambulatory surgical centers, and others. Thus, the boost received by medical tourism on the emergency service industry is likely to favor the growth of the ambulance cots market.
Improvements in Healthcare Sector to Boost Healthcare Spending Favoring the Market Growth
Significant investments in healthcare by government across the world have resulted in more paramedics and ambulances to respond to time-critical emergencies. Government spending on healthcare is one of the driving factors for the growth of the healthcare industry worldwide. According to the OECD data, the U.S. spent about 17.2% of GDP for healthcare. Similarly, the healthcare spending as a percentage of GDP in Australia increased from 9.4% in 2015 to 9.6% in 2016. With improvements in the healthcare sector in recent years a number of new ambulance services are being launched. For instance, motorbike ambulance services were launched in Delhi (India) and Mumbai (India) in 2017 and 2018, respectively. Similarly, St. John Ambulance in Australia added 5 ambulances to expand its fleet at Casuarina Ambulance Station. With growing fleets of ambulance, the ambulance cots market will flourish during the forecast period, especially in developing nations.
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Ambulance Cots Market - Scope of the Report
Fact.MR recently published a market study on the global market for ambulance cots. The study provides detailed assessment on the key market dynamics, including the drivers, trends, opportunities restraints, and detailed information about the ambulance cots market structure. The market study presents exclusive information about how the ambulance cot market will grow during the forecast period of 2019-2029.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, and Compounded Annual Growth Rate (CAGR) are explained in Fact.MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the ambulance cots market during the forecast period.
The study is relevant for stakeholders in the Ambulance cots market, including ambulance cots manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the ambulance cots market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in Fact.MR’s study.
The study also includes statistics as well as facts related to the macro as well as microeconomic factors that are impacting developments in the market. It also offers actionable insights based on the future trends in the ambulance cots market. Furthermore, small businesses and new entrants in the ambulance cots market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Ambulance cots Market
Fact.MR’s study on the ambulance cots market offers information divided into four important segments—product, technology, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
EMS Service Providers
Ambulatory Service Centers
Key Questions Answered in Fact.MR’s Ambulance cots Market Report
- Which is the most profitable region for the ambulance cots market?
- Which are the emerging regions and players in the ambulance cots market?
- What influences the growth of the ambulance cots in the developed and emerging regions?
- What factors hinder the growth of the ambulance cots market?
- Which companies are leading the ambulance cots market?
- What are the winning strategies of stakeholders in the ambulance cots market to upscale their position in this landscape?
Ambulance cots Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the ambulance cots market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of the conclusions.
Secondary resources referred to analysts during the production of the ambulance cots market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary resources and secondary resources acts as a validation from companies in the ambulance cots market, and makes Fact.MR’s projection on the growth prospects of the ambulance cots market more accurate and reliable.
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
4. Key Success Factors
4.1. Install Base of Ambulance Cots
4.2. Number of Ambulance by Region
4.3. List of EMS Service Providers
5. Global Ambulance Cots Market Demand Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Volume (Mn Units) Analysis, 2014-2018
5.2. Current and Future Market Volume (Mn Units) Projections, 2019-2029
5.3. Y-o-Y Growth Trend Analysis
6. Global Ambulance Cots Market - Pricing Analysis
6.1. Regional Pricing Analysis By Technology
6.2. Global Average Pricing Analysis Benchmark
7. Global Ambulance Cots Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
7.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
7.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Healthcare Spending Outlook
8.1.2. Increasing Ageing Population
8.1.3. Increasing Medical Tourism
8.2. Forecast Factors - Relevance & Impact
8.2.1. Increase in number of hospitals in developing nations
8.2.2. Increase in number of ambulance service providers
8.2.3. Rise in number of ambulance
8.3. Market Dynamics
8.3.3. Opportunity Analysis
9. Global Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029, by Technology
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Technology, 2014-2018
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Technology, 2019-2029
9.3.3. Electric Powered
9.4. Market Attractiveness Analysis By Technology
10. Global Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029, by Product Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2014-2018
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2019-2029
10.3.1. Emergency Cots
10.3.2. Transport Cots
10.4. Market Attractiveness Analysis By Product Type
11. Global Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029, by End User
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By End User, 2014-2018
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End User, 2019-2029
11.3.1. EMS Service Provider
11.3.3. Ambulatory Service Centers
11.3.4. Other Facilities
11.4. Market Attractiveness Analysis By End User
12. Global Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029, by Region
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2014-2018
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2019-2029
12.3.1. North America
12.3.2. Latin America
12.3.4. Middle East and Africa (MEA)
12.3.5. East Asia
12.3.6. South Asia
12.4. Market Attractiveness Analysis By Region
13. North America Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
13.3.1. By Country
13.3.2. By Technology
13.3.3. By Product Type
13.3.4. By End User
13.4. Market Attractiveness Analysis
13.5. Key Market Participants - Intensity Mapping
13.6. Drivers and Restraints - Impact Analysis
14. Latin America Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
14.3.1. By Country
220.127.116.11. Rest of Latin America
14.3.2. By Technology
14.3.3. By Product Type
14.3.4. By End User
14.4. Market Attractiveness Analysis
14.5. Key Market Participants - Intensity Mapping
14.6. Drivers and Restraints - Impact Analysis
15. Europe Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
15.3.1. By Country
18.104.22.168. Rest of Europe
15.3.2. By Technology
15.3.3. By Product Type
15.3.4. By End User
15.4. Market Attractiveness Analysis
15.5. Key Market Participants - Intensity Mapping
15.6. Drivers and Restraints - Impact Analysis
16. South Asia Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
16.4.1. By Country
22.214.171.124. Rest of South Asia
16.4.2. By Technology
16.4.3. By Product Type
16.4.4. By End User
16.5. Market Attractiveness Analysis
16.6. Key Market Participants - Intensity Mapping
16.7. Drivers and Restraints - Impact Analysis
17. East Asia Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029
17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
17.3.1. By Country
126.96.36.199. South Korea
17.3.2. By Technology
17.3.3. By Product Type
17.3.4. By End User
17.4. Market Attractiveness Analysis
17.5. Key Market Participants - Intensity Mapping
17.6. Drivers and Restraints - Impact Analysis
18. Oceania Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029
18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
18.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
18.3.1. By Country
188.8.131.52. New Zealand
18.3.2. By Technology
18.3.3. By Product Type
18.3.4. By End User
18.4. Market Attractiveness Analysis
18.5. Key Market Participants - Intensity Mapping
18.6. Drivers and Restraints - Impact Analysis
19. Middle East and Africa Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029
19.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
19.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
19.3.1. By Country
184.108.40.206. GCC Countries
220.127.116.11. South Africa
18.104.22.168. Rest of Middle East and Africa
19.3.2. By Technology
19.3.3. By Product Type
19.3.4. By End User
19.4. Market Attractiveness Analysis
19.5. Key Market Participants - Intensity Mapping
19.6. Drivers and Restraints - Impact Analysis
20. Emerging Countries Ambulance Cots Market Analysis 2014-2018 and Forecast 2019-2029
20.1.1. Market Value Proportion Analysis, By Key Countries
20.1.2. Global Vs. Country Growth Comparison
20.2. China Ambulance Cots Market Analysis
20.2.2. PEST Analysis
20.2.3. Market Value Proportion Analysis by Market Taxonomy
20.2.4. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
22.214.171.124. By Technology
126.96.36.199. By Product Type
188.8.131.52. By End User
20.3. India Ambulance Cots Market Analysis
20.3.2. Market Value Proportion Analysis by Market Taxonomy
20.3.3. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
184.108.40.206. By Technology
220.127.116.11. By Product Type
18.104.22.168. By End User
20.4. Brazil Ambulance Cots Market Analysis
20.4.2. Market Value Proportion Analysis by Market Taxonomy
20.4.3. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
22.214.171.124. By Technology
126.96.36.199. By Product Type
188.8.131.52. By End User
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies (Ambulance Cots)
22. Competition Analysis
22.1. Competition Dashboard
22.2. Competition Deep Dive
22.2.1. Stryker Corporation
184.108.40.206. Product Portfolio
220.127.116.11. Sales Footprint
18.104.22.168. Strategy Overview
22.2.2. Ferno-Washington, Inc.
22.214.171.124. Product Portfolio
126.96.36.199. Sales Footprint
188.8.131.52. Strategy Overview
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