The ambulance services market has seen robust growth, expanding from $73.83 billion in 2023 to $80.04 billion in 2024, with a CAGR of 8.4%. This historical growth is attributed to increased demand for emergency medical services, urbanization, compliance with regulations, expanded health insurance coverage, and public awareness. By 2028, the market is projected to reach $101.49 billion, growing at a CAGR of 6.1%. Future growth is driven by the aging population, enhanced pandemic preparedness, community paramedicine programs, integration with mobile health apps, and considerations related to climate change and natural disasters. Emerging trends include data analytics for resource allocation, technological integration, telemedicine, specialized ambulance services, data-driven decision-making, and community collaborations for emergency response.
Major Driver In The Ambulance Services Market
Changes in lifestyles and an increase in sedentary jobs are transforming the disease profile of the world population, which demands ambulance services. For instance, in May 2023, according to the Centers for Disease Control and Prevention, a US-based government agency, more than 356,000 people have an out-of-hospital cardiac arrest in the United States every year, and about 60% to 80% of them die before reaching the hospital. Lifestyle changes increase the incidence of cardiac arrests and thereby drive the demand for ambulance services.
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Ambulance Services Market Competitive Landscape
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
Ambulance Services Market Segmentation
The ambulance services market covered in this report is segmented –
1) By Type: Ground Ambulance Services, Air Ambulance Services, Water Ambulance Services
2) By Type of Expenditure: Public, Private
3) By Ownership: Chained, Standalone
4) By End User Gender: Male, Female
By Geography:The regions 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.
Western Europe was the largest region in the ambulance services market in 2023.
The Ambulance Services Global Market Report 2024 furnishes information about the global ambulance services market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
