Pune, India -- (SBWire) -- 05/08/2019 --The report on Ambulance Services Market by transport vehicle (ground ambulance, water ambulance, air ambulance), emergency services (emergency, non-emergency), equipment (advanced life support (ALS) ambulance services, and basic life support (BLS) ambulance services) trends analysis and forecasts up to 2025 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. The growth in the world market is primarily driven by a significant contribution by North America (Leading region) region to this market. According to the report, the global ambulance services market is projected to grow at a CAGR of 8.9% over the forecast period of 2019-2025.
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Ambulance Services Market: Insights
Ambulance services are the emergency response for the transportation of medically injured or ill patients to and from hospitals to ensure timely health treatment by the healthcare professionals. Effective ambulatory services lead to timely medical intervention for accident victims or patients suffering from chronic illness. Ambulance services play a major role in health service. The Ambulance is the primary vehicles for delivering emergency medical services, though some also use motorcycles, cars, aircraft or boats. The Ambulance Services consists of standby ambulance, emergency surface ambulance, emergency air ambulance (a rotary wing), emergency air ambulance (fixed wing), nonemergency surface ambulance, nonemergency air ambulance, and other services.
Ambulance Services Market: Drivers and Restraints
The growth of ambulance services market has been driven by rising geriatric population coupled with growth in the prevalence of chronic diseases such as cancer and diabetes and complex medical needs. Moreover, an increasing number of alcohol and mental health-driven issues and a rising rate of road accidents is another major factor responsible for the growth of ambulance services market. As per World Healthcare Organizations, approximately 1.35 million people die each year as a result of road traffic crashes. Furthermore, the ambulance services market includes private and public operators, which provides transportation services to medically ill patients by air or surface, along with the primary medical care. These vehicles are equipped with life-saving devices operated by healthcare professionals. Private ambulance services have emerged in many countries to provide ambulance services, particularly in rural areas which lack sufficient funds to provide free ambulance services and also due to state monetary issues. This ambulance privatization has enabled the operators to focus on innovative technologies and thereby support long-term growth for the market. In addition, increasing popularity for air ambulance services, and a large number of patients with private health insurance are also expected to fuel this market further in the coming years. However, there are certain restraining factors that could hinder the market in the coming years, which includes lower Medicare reimbursement rates in developing countries, and the risk of errors in medication by a pharmaceutical professional. Going further, technological advancements have raised the level of ambulance services which provides growth opportunities for the ambulance services market in coming years.
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Ambulance Services Market: Regional Analysis
Among the geographies, the global ambulance service market is segmented into North America, Europe, Asia Pacific, and RoW. The global ambulance services market dominated the North America region. The growth of this region is attributed due to the presence of several major market players, and well-established healthcare infrastructure. Additionally, Increased funding for urgent and emergency activity in developed counties also ample the growth of the market. According to the government of Jersey, it is estimated that Ambulance Service received 8,852 emergency calls in 2016. Asia Pacific region is anticipated to witness the highest growth during the forecast period due to improving healthcare facilities. Moreover, a growing number of roadside accidents, which require emergency medical services, is also augmenting the growth of ambulance services market. Additionally, the government spending on developing healthcare infrastructure contributes to the growth of ambulance service market in the Asia Pacific region.
Ambulance Services Market: Segmentation
The report on global ambulance services market covers segments such as transport vehicle, emergency services, and equipment. On the basis of the transport vehicle, the sub-markets include ground ambulance, water ambulance, and air ambulance. On the basis of emergency services, the sub-markets include emergency and non-emergency. On the basis of equipment, the sub-markets include advanced life support (ALS) ambulance services and basic life support (BLS) ambulance services.
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Ambulance Services Market: Competitive Landscape
The report provides profiles of the companies in the market such as Envision Healthcare Companies, Acadian Ambulance Service, London Ambulance Service NHS Trust, America Ambulance Services, Inc., Falck Danmark A/S, BVG India Limited, MEDIVIC PHARMACEUTICAL PVT LTD, ZIQITZA HEALTHCARE LIMITED, Air Methods, Air Medical Group Holdings, Attaquer Pty Ltd, and MAAP.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the ambulance services.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
