Ambulance Services Market Forecast and CAGR
According to the latest research by Fact.MR, the Ambulance Services market is set to witness steady growth during 2021-2031. The market is moderately fragmented and the demand for Ambulance Services will witness stable growth owing to the rising number of medical emergencies, a rapid rise in hospitals visits due to this pandemic as well as regular doctor visits.
What is Driving Demand for Ambulance Services?
An increase in the utilization rate of personal and commercial vehicles by individuals for various purposes brings about a rising number of accidents. Accidents, Trauma cases and other medical emergency create the requirements for early hospital visits for clinical support and treatment.
There has been a demand from the geriatric population, who has a lower immunity level and is inclined to chronic diseases such as cardiac diseases, chronic kidney disease, cancer, and neurological disease, to drive the demands over the forecast years. According to WHO, worldwide, the number of individuals aged 65 or over is expected to develop from 524 million in 2010 to almost 1.5 billion in 2050.
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Increasing number of road accidents Likely to Augment Ambulance Services Sales
Road accidents are observed to be the main reason for death from injuries and are likewise to be the tenth major reason for death worldwide as they presently form an exceptionally important part of the load on the sick world. A projected 1.2 million individuals die in road accidents each year, and a projected 50 million are harmed, obtaining 30% to 70% of bone marrow transplants in emerging nations.
With rising changes, there are likewise efficient emergency services that lead to the convenient intervention of accidents casualties or patients experiencing chronic pain. These convenient services assume a significant part in health. Moreover, the increasing amount of road accidents, which need emergency medical care, is rising the market for ambulance services.
US and Canada Ambulance Services Market Outlook
North America has ruled the rescue vehicle administrations market and the strength of the market is primarily owing to the presence of a few key market major parts around here, developing interest for quality medical care administrations, and grounded medical care foundation.
Moreover, the presence of good repayment strategies in the developed countries is additionally expected to drive the general market. In the U.S., Medicare includes both non-emergency and emergency ambulance services, if it is observed as medically essential and the provider satisfies Medicare ambulance need. The budding group of paramedicine in North America additionally adds to the huge market size around here.
As per the American Heart Association, in January 2019, stroke was the main reason of death in the U.S. Approximately 2.7 million individuals in the country suffer from atrial fibrillation and approximately 800,000 individuals experience a stroke, every year, making it optimistic perspective for the U.S.s market.
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Europe Demand Outlook for Ambulance Services
Europe accounted for the second-highest position in the worldwide demand for ambulance services. Significant European markets include the United Kingdom, Italy, France, Spain, and Germany.
The increasing number of travellers visiting the European nations is the primary reasons affecting the European tourism sector. If there should be an occurrence of accidental cases or unexpected health issues, travellers look for instant medical therapy. As per the European Commission (EC), in 2015, around 100 million individuals in Europe experienced at least one or more physical inabilities and this figure is required to increase because of the rise in injury rate over the forecast period.
The rising old-age population is relied upon to support the development of ambulance services in Germany. Germany has a large number ofs foreign patients' every year in hospitals. The ambulance services are encountering significant demand from the French population, attributable to the increasing disposable income between the French people, combined with the growing amount of patients with chronic disease. The rapid utilization of ambulance services in the country is boosting the development of the European ambulance services market.
Who are the Key Manufacturers and Suppliers of Ambulance Services?
Some of the leading manufacturers and suppliers of Ambulance Services include
- Envision Healthcare Corporation
- Falck Holding A/S
- Acadian Ambulance Service, Inc.
- Ziqitza Health Care Limited
- Medivic Aviation
- London Ambulance Service NHS Trust
- America Ambulance Services, Inc.
- BVG India Ltd.
- Air Methods Corporation
- Air Medical Group Holdings, Inc
The ambulance services market is comparatively fragmented, with the existence of a couple of large-scale players available in global markets, and various small-scale participants in regional markets. Worldwide, they are involved in long term contracts with medical care organizations, and are involving in partnerships and strategic alliances with other players in various nations to extend their business. Significant advancements by major players operating in the market are likewise going to fuel the development of the worldwide market.
An Adaptive Approach to Modern-day Research Needs
Ambulance Services Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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By Transport Type
- Ground Ambulance Services
- Air Ambulance Services and
- Water Ambulance Services
By Emergency Services
- Emergency Ambulance Services
- Non-Emergency Ambulance Services
- Advanced Life Support (ALS) Ambulance Services
- Basic Life Support (BLS) Ambulance Services
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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