Ambulance Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Ambulance Services Market is Segmented by Mode of Transport (Air Ambulance, Water Ambulance, and Ground Ambulance), Equipment (Basic Life Support (BLS) Ambulance Services and Advanced Life Support (ALS) Ambulance Services), Type of Service (Emergency Services and Non-emergency Services), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (USD million) for the above segments.

Market Snapshot

Ambulance Services Market Bar Graph
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8.01 %

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Market Overview

The ambulance services market was valued at USD 29,773.49 million in 2020, and it is estimated to reach USD 47,081.90 million by 2026, registering a CAGR of around 8.01% during the forecast period, 2021-2026.

The COVID-19 outbreak had a positive impact on the ambulance services market. The growing demand for ambulance services to provide emergency care services to COVID-19 patients during the epidemic is driving the expansion of the market. The market is expected to continue its growth even if the crisis has stabilized.

The ambulance services market is likely to show a sharp rise due to the new ambulance service providers globally, the increasing number of accidents, the introduction of the latest ambulances, and the huge increase in hospitals due to the epidemic.

Road accidents are found to be the leading cause of death from injuries and are also the tenth leading cause of death worldwide as they now form a surprisingly significant fragment of the burden on the sick world. An estimated 1.2 million people are killed in road accidents every year, and an estimated 50 million are injured, receiving 30 to 70% of bone marrow transplants in developing countries. With increasing risks, there are also effective emergency services that lead to the timely intervention of accident victims or patients suffering from chronic illness. These timely services play an important role in healthcare. In addition, the growing number of road accidents that require urgent medical attention is increasing the market share for ambulance services.

In response to the COVID-19 disaster, market players have devised a number of business strategies, such as strategic agreements, technological advances, and partnerships, to survive in the market. For example, in June 2020, Mahindra announced the launch of a BS-6 Supro ambulance equipped with a foldable trolley, medical supplies, air-conditioning system, advertising system, and indoor lighting.

In addition, the growing popularity of air ambulance services and a large number of private insurance patients are also expected to improve this market in the coming years.

Scope of the Report

As per the scope of the report, the ambulance is a primary vehicle for delivering emergency medical services, though some also use motorcycles, cars, aircraft, or boats. Ambulance services help transport medically injured or ill patients to and from hospitals to ensure timely health checkups and treatment by healthcare professionals. These services are availed by patients directly or by hospitals and other organizations. Pre-hospital patient care, emergency services, rescue services, and injured or serious patient treatment services are some of the services offered by ambulances. Owing to the immediate service, ambulance services are increasingly used in various situations for injured people across the globe.

The Ambulance Services market is segmented by mode of transport (air ambulance, water ambulance, and ground ambulance), equipment (basic life support (BLS) ambulance services and advanced life support (ALS) ambulance services), type of service (emergency services and non-emergency services), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (USD million) for the above segments.

By Mode of Transport
Air Ambulance
Water Ambulance
Ground Ambulance
By Equipment
Basic Life Support (BLS) Ambulance Services
Advanced Life Support (ALS) Ambulance Services
By Type of Service
Emergency Services
Non-emergency Services
Geography
North America
United States (By Mode of Transport, Equipment, and Type of Service)
Canada (By Mode of Transport, Equipment, and Type of Service)
Mexico (By Mode of Transport, Equipment, and Type of Service)
Europe
Germany (By Mode of Transport, Equipment, and Type of Service)
United Kingdom (By Mode of Transport, Equipment, and Type of Service)
France (By Mode of Transport, Equipment, and Type of Service)
Italy (By Mode of Transport, Equipment, and Type of Service)
Spain (By Mode of Transport, Equipment, and Type of Service)
Rest of Europe (By Mode of Transport, Equipment, and Type of Service)
Asia-Pacific
China (By Mode of Transport, Equipment, and Type of Service)
Japan (By Mode of Transport, Equipment, and Type of Service)
India (By Mode of Transport, Equipment, and Type of Service)
Australia (By Mode of Transport, Equipment, and Type of Service)
South Korea (By Mode of Transport, Equipment, and Type of Service)
Rest of Asia-Pacific (By Mode of Transport, Equipment, and Type of Service)
Middle-East and Africa
GCC (By Mode of Transport, Equipment, and Type of Service)
South Africa (By Mode of Transport, Equipment, and Type of Service)
Rest of Middle-East and Africa (By Mode of Transport, Equipment, and Type of Service)
South America
Brazil (By Mode of Transport, Equipment, and Type of Service)
Argentina (By Mode of Transport, Equipment, and Type of Service)
Rest of South America (By Mode of Transport, Equipment, and Type of Service)

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Key Market Trends

The Air Ambulance Segment is Expected to Register a Higher CAGR During the Forecast Period

The COVID-19 wave has had a huge impact on the air ambulance business. The operators need to be more careful to ensure that patients do not contract the virus as the chances of them getting infected are higher with their critical conditions. This increases the time of preparing the aircraft for the transfers, and thus, requires faster action than before. This brings a burden and additional expense to the staff and the companies.

Air ambulances are ambulance services that are vital for transportation in case of medical emergencies. Air ambulances are armed with medical equipment and medical staff that offer medical care in flight, while non-medically equipped and staffed aircraft assist in transporting patients and organs. These services offer various benefits, such as convenience, flexibility, and safety. The increasing burden of chronic diseases like cardiac arrests and other emergencies is boosting the segment growth.

In April 2019, Air Methods announced the expansion of its partnership with Anthem Blue Cross and Blue Shield. The company’s services may be part of its in-network health coverage benefits in six states in the United States. Under the terms of the partnership, Anthem-affiliated health plan members in California, Georgia, Nevada, Colorado, Virginia, and New York may receive Air Methods’ critical care air services at discounted in-network rates.

Ambulance Services Market Latest Trends

North America is Expected to Lead the Market During the Forecast Period

North America has dominated the ambulance services market, and the dominance of the market is mainly attributable to the presence of several key market players in this region, growing demand for quality healthcare services, and well-established healthcare infrastructure.

In addition, the presence of favorable reimbursement policies in the developed nations is also expected to drive the overall market. In the United States, Medicare covers both emergency and non-emergency ambulance services if it is considered medically necessary and the supplier fulfills Medicare ambulance requirements. The budding community of paramedicine in North America also contributes to the large market size in this region.

According to the American Heart Association, in January 2019, stroke was the leading cause of death in the United States. Around 2.7 million people in the country live with atrial fibrillation, and around 800,000 people encounter a stroke annually due to blockage in the blood vessel, which supplies blood to the brain.

Prominent air ambulance service providers are present in the United States, such as Air Methods, Acadian Companies, Air Medical Group Holdings, and PHI Air Medical. Hence, the air ambulance services segment is growing at a significant rate due to the increasing per capita healthcare expenditure and rise in the number of advanced hospitals and ER visits.

Moreover, advancements such as online booking of ambulance services are creating a positive outlook for the US market. Other factors driving the market growth include increasing emergency healthcare expenditure, growing number of hospitals providing proper air ambulance facilities, and improving medical facilities across various regions of the country.

Ambulance Services Market Growth Rate By Region

Competitive Landscape

The ambulance services market is a fragmented market with many players. There has been a considerable number of companies that are significantly contributing to the market growth. Various strategies and collaborations are being adopted by these key players to maintain their market shares. Some of the major companies of the market are Envision Healthcare Corporation, Falck Holding AS, Acadian Ambulance Service Inc., Ziqitza Health Care Limited, and Medivic Aviation.

RECENT DEVELOPMENTS

In October 2020, Advatech Healthcare Europe launched HIPPO Mobility, the United Kingdom's first technology-driven, dedicated, asset-light, and cost-effective transportation service for disabled, elderly people, and non-emergency patients.

In September 2020, Karnataka, India, launched the country's first integrated air ambulance service jointly launched by the International Critical Air Transfer Team (ICATT) and the Kyathi in the city.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Entrance of New Ambulance Service Providers Globally

      2. 4.2.2 Increasing Number of Accidents

      3. 4.2.3 Introduction of New Ambulances

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Air Ambulances

      2. 4.3.2 Stringent Regulations by the Federal Aviation Administration (FAA)

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Mode of Transport

      1. 5.1.1 Air Ambulance

      2. 5.1.2 Water Ambulance

      3. 5.1.3 Ground Ambulance

    2. 5.2 By Equipment

      1. 5.2.1 Basic Life Support (BLS) Ambulance Services

      2. 5.2.2 Advanced Life Support (ALS) Ambulance Services

    3. 5.3 By Type of Service

      1. 5.3.1 Emergency Services

      2. 5.3.2 Non-emergency Services

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States (By Mode of Transport, Equipment, and Type of Service)

        2. 5.4.1.2 Canada (By Mode of Transport, Equipment, and Type of Service)

        3. 5.4.1.3 Mexico (By Mode of Transport, Equipment, and Type of Service)

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany (By Mode of Transport, Equipment, and Type of Service)

        2. 5.4.2.2 United Kingdom (By Mode of Transport, Equipment, and Type of Service)

        3. 5.4.2.3 France (By Mode of Transport, Equipment, and Type of Service)

        4. 5.4.2.4 Italy (By Mode of Transport, Equipment, and Type of Service)

        5. 5.4.2.5 Spain (By Mode of Transport, Equipment, and Type of Service)

        6. 5.4.2.6 Rest of Europe (By Mode of Transport, Equipment, and Type of Service)

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China (By Mode of Transport, Equipment, and Type of Service)

        2. 5.4.3.2 Japan (By Mode of Transport, Equipment, and Type of Service)

        3. 5.4.3.3 India (By Mode of Transport, Equipment, and Type of Service)

        4. 5.4.3.4 Australia (By Mode of Transport, Equipment, and Type of Service)

        5. 5.4.3.5 South Korea (By Mode of Transport, Equipment, and Type of Service)

        6. 5.4.3.6 Rest of Asia-Pacific (By Mode of Transport, Equipment, and Type of Service)

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC (By Mode of Transport, Equipment, and Type of Service)

        2. 5.4.4.2 South Africa (By Mode of Transport, Equipment, and Type of Service)

        3. 5.4.4.3 Rest of Middle-East and Africa (By Mode of Transport, Equipment, and Type of Service)

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil (By Mode of Transport, Equipment, and Type of Service)

        2. 5.4.5.2 Argentina (By Mode of Transport, Equipment, and Type of Service)

        3. 5.4.5.3 Rest of South America (By Mode of Transport, Equipment, and Type of Service)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Envision Healthcare Corporation

      2. 6.1.2 Scandinavian AirAmbulance

      3. 6.1.3 Acadian Ambulance Service Inc.

      4. 6.1.4 BVG India Ltd

      5. 6.1.5 America Ambulance Services Inc.

      6. 6.1.6 Falck Holding AS

      7. 6.1.7 Air Methods Corporation

      8. 6.1.8 Ziqitza Health Care Limited

      9. 6.1.9 Medivic Aviation

      10. 6.1.10 Dutch Health BV

      11. 6.1.11 Livonta Global Pvt. Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Ambulance Services Market market is studied from 2018 - 2026.

The Ambulance Services Market is growing at a CAGR of 8.01% over the next 5 years.

The Ambulance Services Market is valued at 29773 Million USD in 2018.

The Ambulance Services Market is valued at 47081 Million USD in 2026.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Envision Healthcare Corporation, Falck Holding A/S, Acadian Ambulance Service, Inc., Ziqitza Health Care Limited, Medivic Aviation are the major companies operating in Ambulance Services Market.

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