Ambulance Services Market:
Introduction
Transparency Market Research has
published a new report on the ambulance services market. According to the
report, the global ambulance
services market was valued at ~US$ 39 Bn in 2018. The ambulance
services market is expected to expand at a CAGR of ~4% during the forecast
period of 2019 to 2027.
Ambulances help rescue injured or
medically ill patients by transporting them to medical treatment centers.
Established and new players are launching new and advanced ambulances and
services to provide high level of comfort and medical services to patients.
This is expected to drive the ambulance services market.
For example, in 2019, in India,
the State Government Health Department of Odisha launched the first ever boat
ambulance service at Batighar in Kendrapara district. In Odisha, a large number
of riverside villagers still depend on passenger boats, which are not available
at night. This boat ambulance service helps them during medical emergencies.
The government is planning to launch five more such boats at end of this year.
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In terms of mode of transport,
the ground ambulances segment held a major share of the global ambulance
services market in 2018. This segment is likely to maintain its dominance
during the forecast period. The ground ambulances segment is projected to be
the most attractive segment during the forecast period. It is the most widely
used method of emergency medical service, and is anticipated to offer lucrative
opportunities, especially in developing countries.
Based on equipment, the basic
life support (BLS) segment accounted for a major share of the global ambulance
services market. This segment is projected to grow at a moderate CAGR during
the forecast period. Medical services are provided by emergency medical
practitioners and partially-trained personnel in BLS ambulances. BLS ambulance
services are usually provided to patients with complex fractures, medical or
surgical patients being discharged for home or some sub-acute care facilities,
and psychiatric patients.
Increase in the number of
surgeries, globally, is likely to fuel the growth of the segment, as BLS
ambulance services would be needed to transport patients from hospitals to
homes and vice-versa. Patients who have undergone surgery and do not require
medical monitoring are advised to avail BLS ambulance services, as personal
vehicle transport may create post medical surgery complications (because of
their built). This would further drive the demand for BLS ambulance services.
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Global Ambulance Services
Market: Prominent Regions
North America held a major share
of the global ambulance services market in 2018. This can be attributed to
increase in the adoption of advanced treatment approaches, and favorable
reimbursement policies due to increase in geriatric and obese populations that
are more susceptible to various chronic and acute diseases.
Europe held the second-largest
share of the global ambulance services market in 2018. Major markets in Europe
include Germany, France, the U.K., Spain, and Italy. According to the European
Commission (EC), around 100 million people in Europe suffered from one or more
physical disability in 2015, and this number is likely to increase during the
forecast period due to rise in the incidence of accidents. This is likely to
increase the demand for ambulances for transportation to hospitals. Therefore,
the ambulance services market is anticipated to witness strong growth in Europe
during the forecast period.
Asia Pacific accounted for a
significant share of the global ambulance services market in 2018, and this
market is expected to grow at rapid pace during the forecast period. Major markets
in Asia Pacific include Australia & New Zealand, India, China, and Japan.
Japan is a mature market for ambulance services due to the presence of various
government rebates and favorable reimbursement policies for availing ambulance
services by patients. The National Health Insurance (NHI) and Employees’ Health
Insurance (EIS) Systems of Japan help provide reimbursements for the ambulance
services fees entailed. Economic development in various countries such as India
and China has led to rise in the disposable income of the population, which, in
turn, has increased the affordability for various medical services by the
patient population.
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Global Ambulance Services
Market: Key Players
Key players are expanding their
footprint to strengthen their position in the global ambulance services market.
Increase in the patient population and rapidly increasing number of trauma
cases offer lucrative opportunities to key players to increase their share in
the ambulance services market. Manufacturers engage in strategic acquisitions,
collaborations, and distribution to expand their market share in the ambulance
services market.
Prominent players operating in
the global ambulance services market are Acadian Ambulance Service, Inc., Air
Methods Corporation, Dutch Health B.V., Envision Healthcare Corporation, Falck
A/S, London Ambulance Service NHS Trust, Air Medical Group Holdings, Inc.,
Scandinavian AirAmbulance, and Lufttransport AS.
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