Global Ambulance Services Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends
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The global ambulance services market is expected to grow from $58.5 billion in 2019 to $80.9 billion in 2020 at a compound annual growth rate (CAGR) of 38.4%. The significant growth is mainly due to the COVID-19 outbreak. The ambulance service providers are the primary emergency service providers during COVID-outbreak as ambulances are specifically used for transporting COVID-suspect patients or those who have developed complications, to the health facilities. With the increasing number of cases, the demand for ambulances has also increased. Additionally, the ambulance service providers have to meet the demand from patients who have to visit hospitals for their dialysis, chemotherapy sessions, and other medical emergencies. The market is expected to grow at a CAGR of 6% from 2021 and reach $94.3 billion in 2023.
The ambulance services market consists of sales of ambulance services and related goods by entities (organizations, sole traders and partnerships) that provide ambulance services. This industry includes agencies that provide emergency access to healthcare in response to emergency calls, urgent doctor admissions and emergency hospital transfers.
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The Global Ambulance Services Market is further segmented based on type, end-user gender, type of expenditure, ownership and geography.
By Type: Ground Ambulance Services, Air Ambulance Services, Water Ambulance Services.
By End User Gender: Male, Female.
By Type Of Expenditure: Public, Private.
By Ownership: Chained, Standalone.
By Geography: The global ambulance services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Western Europe ambulance services market accounts for 34% the largest share in the global ambulance services market 2019.
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Trends In The Ambulance Services Market
Digitalization of information related to patients including their medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory and test results is being made possible with Electronic Health Records (EHRs). EHRs increase patient participation, and improve diagnostic and treatment outcomes. Adoption of EHRs by medical practitioners and healthcare centers improves medical practice management by increasing practice efficiencies. It also aids in cost savings.
Ambulance Services Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides ambulance services market overviews, analyzes and forecasts market size and growth for the global ambulance services market, ambulance services market share, ambulance services market players, ambulance services market segments and geographies, ambulance services market’s leading competitors’ revenues, profiles and market shares. The ambulance services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.