The global ambulance services market is expected to grow at a CAGR of 10% throughout the forecast time frame. The market is anticipated to surpass USD 71.3 billion by 2031, from USD 32 billion in 2020.

Ambulance services are the ambulance response that transports seriously wounded or unconscious people to and from hospitals while also ensuring that healthcare staff have adequate treatment. Efficient rehabilitation services help victims of trauma or people with serious diseases get timely medical attention. Ambulance programs play an important part in the health-care industry. The demand for emergency services is increasing as a result of attractive insurance programs, increased medical tourism, an increase in the number of traffic crashes, and an aging population. Road injuries are becoming more common, necessitating emergency medical treatment and rescue services.

IMPACT OF COVID-19 ON THE GLOBAL AMBULANCE SERVICES MARKET

The abrupt outbreak of the COVID-19 pandemic has had a number of impacts on the worldwide growth of Ambulance Services. In reaction to the COVID-19 crisis, industry participants devised a variety of corporate plans, such as strategic alliances, technical advancements, and collaborations, in order to stay in business. The increasing prevalence of cardiovascular diseases such as cardiac arrest, stroke, congestive heart failure, and COVID-19 cases worldwide may be a result of the emergency care market's expansion. Due to COVID-19, air ambulance service providers were required to upgrade their equipment in order to comply with revised safety standards. In order to counteract the consequences of COVID-19, the market's major players are upgrading their offerings. ACE Air & Ambulance (Pvt) Ltd, a globally licensed air ambulance provider, ordered advanced ISO-Chamber facilities to carry COVID-19 patients, for example. In the future, they will be able to transport more infectious disease patients as a result of this.

GLOBAL AMBULANCE SERVICES MARKET INFOGRAPHICS

Source: ThinkWise Intelligence Analysis

GLOBAL AMBULANCE SERVICES MARKET DYNAMICS

MARKET DRIVER: INCREASING NUMBER OF ROAD ACCIDENTS RISING GERIATRIC POPULATION AND PREVALENCE OF CHRONIC DISEASES

The demand for emergency services is increased as a result of attractive insurance programs, an increase in medical tourism, an increase in traffic crashes, and an aging population. The prevalence of a wide demographic pool over the age of 60, which usually has a lower immune level and is more susceptible to neurological ailments, heart complications, cancer, and spinal injuries, is also projected to have a significant effect on the market's growth during the forecast era. Geriatric patients are more vulnerable to illnesses such as osteoporosis, heart attacks, arthritis, stroke, and obesity. Patients with such diseases can need both emergency and non-emergency care. As a result, an aging demographic is expected to result in business inflation. Road injuries are growing in frequency, and such incidents necessitate prompt medical care and emergency services.

The emergency services demand has grown as the geriatric population has increased, as has the prevalence of chronic diseases such as cancer and diabetes, as well as complicated medical needs. Additionally, a growing amount of alcohol- and mental-health-related problems, as well as an increasing incidence of traffic crashes, contribute significantly to the rise of the emergency services sector. CVDs such as congestive heart failure, stroke, cardiac arrest, and coronary artery disease need urgent medical care and emergency medical services. Additionally, the emergency services sector comprises private and public operators who offer transportation and primary medical care to critically ill patients by air or surface. These vehicles are outfitted with life-saving equipment that are regulated by healthcare professionals.

MARKET RESTRAINT: LACK OF HEALTHCARE INFRASTRUCTURE

In developing markets, a lack of healthcare facilities and an insufficient number of aircraft are likely to restrain the development of the air ambulance services industry over the projected period. Other constraints include poorer prescription insurance rates in developed nations and the possibility of a pharmacy provider making a drug mistake. Additionally, the government's strict rules and regulations have put a burden on medical facilities. Each manufacturer and producer must adhere to the guidelines and approvals of regulating agencies.

MARKET OPPORTUNITY: AMBULANCE PRIVATIZATION AND TECHNOLOGICAL ADVANCEMENTS

In several countries, private emergency providers have arisen to provide ambulance services, especially in rural areas where there are insufficient funds to provide free ambulance services and also due to state financial constraints. This ambulance privatization has allowed operators to concentrate on new technology, thus sustaining the market's long-term growth. Additionally, the growing popularity of air ambulance services and the vast number of patients with private health insurance are expected to further fuel this demand in the coming years. Additionally, the Internet of Things (IoT) revolution is reshaping the demand for emergency services. The Internet of Things has been shown to be beneficial in providing high-quality and reliable knowledge that enables effective medical diagnosis in the event of an emergency. Numerous organizations have launched continuous developments, resulting in an increase in demand for helicopter air ambulance services and drone-based emergency medical services (EMS) for rescue services as well as organ and blood transportation. Increased security issues, the need to bypass ground traffic, and the demand for fixed-wing aerial ambulances to serve long distance medical missions are expected to propel the market forward during the projected era. Additionally, the latest industry trend is toward the production of passenger drones, which will lead to the growth of the air ambulance market.

MARKET THREAT: LIMITATIONS OF EHR

Life-threatening emergency conditions necessitated the enhancement of ambulances' specialized life support systems. Electronic health records (EHR) are being used by healthcare industries in the ambulance services sector to interpret, archive, and move patient data and facilitate out-of-hospital treatment. However, the shortcomings of EHR make matching data sets for careful study difficult to access. As a result, healthcare companies should collaborate with members of the local health economy to adjust EHR to the rapidly evolving healthcare landscape. They must capitalize in IoT for EMS to expand access to patient-centric data via crowdsensing platforms. With the consumer penetration of smartphones, healthcare industries will benefit from the useful data collected via the sensors attached to smartphones.

KEY TRENDS IN THE GLOBAL AMBULANCE SERVICES MARKET

GLOBAL AMBULANCE SERVICES MARKET TRENDS, BY TRANSPORTATION

"During the forecast period, the ground ambulance services market is expected to dominate the global market."

In 2020, the ground ambulance division dominated the industry and reported for the largest market share. The ground ambulance may be a van or pickup truck, a sedan or sport utility vehicle, a bicycle, an all-terrain vehicle, a motorcycle, a golf cart, or a bus. The ground ambulance may be a van or pickup truck, a sedan or sport utility vehicle, a motorcycle, a bicycle, an all-terrain vehicle, a golf cart, or a bus. Over the forecast era, the air ambulance segment is expected to rise at the highest CAGR. Air ambulance services move patients from the scene of an accident to healthcare facilities by airplanes, fixed-wing aircraft, or helicopters. These systems are mostly used to transport and rescue seriously sick or wounded patients, with patient movement from hospitals or healthcare centers being a secondary use. Air ambulance services are quicker than land ambulance and water ambulance services and can access remote areas where ground ambulance and water ambulance services cannot. The primary disadvantage of air ambulance services is their heavy maintenance costs.

GLOBAL AMBULANCE SERVICES MARKET TRENDS, BY END-USER

"During the forecast period, the Advanced Life Support (ALS) ambulance services is expected to dominate the global market."

In 2020, the Advanced Life Support (ALS) emergency services division led the industry and accounted for the majority of sales. This segment is expected to rise at the fastest rate throughout the forecast era. The segment is expected to expand rapidly as understanding of life support systems increases, the prevalence of cardiovascular diseases increases, and technologically sophisticated equipment and skilled staff become more available. ALS is an extension of BLS, which maintains proper breathing and an open airway and includes surgical supervision, medication treatment, and intravenous therapy. Additionally, it includes situations like cardiac arrest.

GLOBAL AMBULANCE SERVICES MARKET TRENDS, BY REGION

" North America holds the foremost share in the global market."

North America accumulated the highest market share in 2020 and is projected to continue growing substantially over the forecast period. This region's rise is due to the emergence of many significant industry players and a well-developed healthcare system. Additionally, expanded support for immediate and emergency activity in developing countries accelerates the market's expansion. Additionally, the developing world's attractive reimbursement programs are supposed to push the global demand. The Asia Pacific area is expected to experience the highest CAGR during the projected period, due to improved healthcare infrastructure. Additionally, an increasing number of roadside injuries necessitating emergency medical services is boosting the Asia Pacific ambulance services market's expansion. Additionally, government spending on healthcare infrastructure development contributes to the Asia Pacific region's emergency service sector expansion.

COMPETITIVE LANDSCAPE IN THE GLOBAL AMBULANCE SERVICES MARKET

The global ambulance services market is highly diverse and competitive, with many international players and a small number of regional and local players. AirAmbulance, BVG India Limited, Air Methods, Acadian Ambulance Service, America Ambulance Services, Falck Danmark, Ziqitza Health Care are just a few of the market's major players.

RECENT ADVANCES IN THE GLOBAL AMBULANCE SERVICES MARKET

• In October 2020, HIPPO Mobility is the UK's first committed, technology-driven, cost-effective and asset-light transportation service for aged, disabled and non-emergency patients, launched by Advatech Healthcare Europe.
• In March 2020, Global Medical Response (GMR) and Blue Cross and Blue Shield of Texas announced a partnership (BCBSTX). The partnership offers BCBSTX participants with in-network connections to GMR's life-saving emergency air ambulance transports.
• In January 2020, Falck USA partnered with the United States government to provide emergency ambulance coverage to more than 2 million people and travelers in a significant portion of Orange County, California.
• In July 2019, AirLife Georgia, a division of Air Methods, has announced the relocation of AirLife Georgia 2 to the former Habersham Airport terminal. The proposed base site will provide air ambulance services to the residents of Habersham and the surrounding city.
• In April, 2019, Air Medical Group Holdings (AMGH) has agreed to buy an air medical provider, Seven Bar Aviation, LLC. The deal will expand the company's product series.

CHAPTER 1.    INTRODUCTION
1.1.    KEY OBJECTIVES OF THE STUDY
1.2.    MARKET SCOPE & DEFINITION
1.2.1.    MARKET SEGMENTATION
1.3.    REPORT DESCRIPTION
1.4.    LIMITATIONS
1.5.    STAKEHOLDERS FOR PRIMARY INTERVIEWS

CHAPTER 2.    RESEARCH METHODOLOGY
2.1.    DATA EXPLORATION
2.1.1.    PRIMARY DATA
2.1.1.1.    DATA SOURCES
2.1.1.2.    KEY DATA COLLECTED
2.1.2.    SECONDARY DATA
2.1.2.1.    DATA SOURCES
2.1.2.2.    KEY DATA COLLECTED
2.2.    MARKET SIZE ESTIMATION
2.2.1.    TOP-DOWN APPROACH
2.2.2.    BOTTOM-UP APPROACH
2.3.    DATA BREAKDOWN & TRIANGULATION
2.4.    ASSUMPTIONS & FORECAST PARAMETERS

CHAPTER 3.    EXECUTIVE SUMMARY

CHAPTER 4.    THINKWISE INTELLIGENCE EXCLUSIVE INSIGHTS
4.1.    MARKET ATTRACTIVENESS, BY TRANSPORTATION
4.2.    MARKET ATTRACTIVENESS, BY SERVICE
4.3.    MARKET ATTRACTIVENESS, BY END-USE INDUSTRY
4.4.    MARKET ATTRACTIVENESS, BY REGION

CHAPTER 5.    MARKET OVERVIEW
5.1.    INTRODUCTION
5.2.    GROWTH IMPACT FORCES
5.2.1.    DRIVERS
5.2.2.    RESTRAINTS
5.2.3.    OPPORTUNITIES
5.2.4.    THREATS
5.3.    MARKET ECOSYSTEM & VALUE CHAIN
5.3.1.    ECOSYSTEM ANALYSIS
5.3.1.1.    IMPACT OF COVID-19 ON THE MARKET ECOSYSTEM
5.3.2.    VALUE CHAIN ANALYSIS
5.3.2.1.    IMPACT OF COVID-19 ON THE MARKET VALUE CHAIN
5.4.    INNOVATION & SUSTAINABILITY MATRICES
5.4.1.    PATENT MATRIX
5.4.2.    REGULATORY MATRIX
5.5.    PRICE MATRIX
5.5.1.    IMPACT OF COVID-19 ON PRICING
5.5.2.    PRICING ANALYSIS
5.5.2.1.    BY TRANSPORTATION
5.5.2.2.    BY SERVICE
5.5.2.3.    BY END-USE INDUSTRY
5.5.2.4.    BY REGION
5.6.    PORTER’S FIVE FORCES ANALYSIS
5.6.1.    BARGAINING POWER OF SUPPLIERS
5.6.2.    BARGAINING POWER OF CONSUMERS
5.6.3.    THREAT OF SUBSTITUTES
5.6.4.    THREAT OF NEW-ENTRANTS
5.6.5.    COMPETITIVE RIVALRY INTENSITY
5.7.    PESTLE ANALYSIS
5.7.1.    POLITICAL
5.7.2.    ECONOMICAL
5.7.3.    SOCIAL
5.7.4.    TECHNOLOGICAL
5.7.5.    ENVIRONMENTAL
5.8.    IMPACT OF COVID-19 ON GLOBAL AMBULANCE SERVICES MARKET
5.8.1.    PRE-COVID MARKET SCENARIO
5.8.2.    POST-COVID MARKET SCENARIO

CHAPTER 6.    GLOBAL AMBULANCE SERVICES MARKET ANALYSIS, BY TRANSPORTATION
6.1.    INTRODUCTION
6.1.1.    GROUND AMBULANCE
6.1.2.    AIR AMBULANCE
6.1.3.    WATER AMBULANCE

CHAPTER 7.    GLOBAL AMBULANCE SERVICES MARKET ANALYSIS, BY SERVICE
7.1.    INTRODUCTION
7.1.1.    NON-EMERGENCY MEDICAL SERVICES
7.1.2.    EMERGENCY MEDICAL SERVICES

CHAPTER 8.    GLOBAL AMBULANCE SERVICES MARKET ANALYSIS, BY END-USER
8.1.    INTRODUCTION
8.1.1.    BASIC LIFE SUPPORT (BLS) AMBULANCE SERVICES
8.1.2.    ADVANCED LIFE SUPPORT (ALS) AMBULANCE SERVICES  

CHAPTER 9.    GLOBAL AMBULANCE SERVICES MARKET ANALYSIS, BY REGION
9.1.    INTRODUCTION
9.1.1.    NORTH AMERICA
9.1.1.1.    UNITED STATES (U.S.)
9.1.1.2.    CANADA
9.1.1.3.    MEXICO
9.1.2.    SOUTH AMERICA
9.1.2.1.    ARGENTINA
9.1.2.2.    BRAZIL
9.1.2.3.    COLOMBIA
9.1.2.4.    REST OF SOUTH AMERICA
9.1.3.    EUROPE
9.1.3.1.    GERMANY
9.1.3.2.    FRANCE
9.1.3.3.    UNITED KINGDOM (UK)
9.1.3.4.    RUSSIA
9.1.3.5.    SPAIN
9.1.3.6.    ITALY
9.1.3.7.    SWITZERLAND
9.1.3.8.    REST OF EUROPE
9.1.4.    ASIA-PACIFIC
9.1.4.1.    CHINA
9.1.4.2.    JAPAN
9.1.4.3.    INDIA
9.1.4.4.    SOUTH KOREA
9.1.4.5.    AUSTRALIA
9.1.4.6.    INDONESIA
9.1.4.7.    SINGAPORE
9.1.4.8.    MALAYSIA
9.1.4.9.    REST OF ASIA-PACIFIC
9.1.5.    MIDDLE EAST
9.1.5.1.    EGYPT
9.1.5.2.    KUWAIT
9.1.5.3.    SAUDI ARABIA
9.1.5.4.    UNITED ARAB EMIRATES (UAE)
9.1.5.5.    REST OF MIDDLE EAST
9.1.6.    AFRICA
9.1.6.1.    EGYPT
9.1.6.2.    NIGERIA
9.1.6.3.    SOUTH AFRICA
9.1.6.4.    REST OF AFRICA
 
CHAPTER 10.    COMPETITIVE LANDSCAPE
10.1.    TOP WINNING STRATEGIES
10.1.1.    BY STRATEGY
10.1.2.    BY REGION
10.1.3.    BY YEAR
10.2.    COMPETITIVE HEATMAP
10.3.    PRODUCT BENCHMARKING
10.4.    STRATEGIC BENCHMARKING
10.4.1.    MERGERS & ACQUISITIONS
10.4.2.    STRATEGIC PARTNERSHIPS & COLLABORATIONS

CHAPTER 11.    PLAYER BENCHMARKING
11.1.    AIRAMBULANCE
11.1.1.    BUSINESS OVERVIEW
11.1.2.    PRODUCT OFFERINGS
11.1.3.    FINANCIAL OVERVIEW
11.1.4.    STRATEGIC BENCHMARKING
11.1.5.    SWOT ANALYSIS
11.2.    BVG INDIA LIMITED
11.2.1.    BUSINESS OVERVIEW
11.2.2.    PRODUCT OFFERINGS
11.2.3.    FINANCIAL OVERVIEW
11.2.4.    STRATEGIC BENCHMARKING
11.2.5.    SWOT ANALYSIS
11.3.    AIR METHODS
11.3.1.    BUSINESS OVERVIEW
11.3.2.    PRODUCT OFFERINGS
11.3.3.    FINANCIAL OVERVIEW
11.3.4.    STRATEGIC BENCHMARKING
11.3.5.    SWOT ANALYSIS
11.4.    ACADIAN AMBULANCE SERVICE
11.4.1.    BUSINESS OVERVIEW
11.4.2.    PRODUCT OFFERINGS
11.4.3.    FINANCIAL OVERVIEW
11.4.4.    STRATEGIC BENCHMARKING
11.4.5.    SWOT ANALYSIS
11.5.    AMERICA AMBULANCE SERVICES
11.5.1.    BUSINESS OVERVIEW
11.5.2.    PRODUCT OFFERINGS
11.5.3.    FINANCIAL OVERVIEW
11.5.4.    STRATEGIC BENCHMARKING
11.5.5.    SWOT ANALYSIS
11.6.    FALCK DANMARK
11.6.1.    BUSINESS OVERVIEW
11.6.2.    PRODUCT OFFERINGS
11.6.3.    FINANCIAL OVERVIEW
11.6.4.    STRATEGIC BENCHMARKING
11.6.5.    SWOT ANALYSIS
11.7.    ZIQITZA HEALTH CARE
11.7.1.    BUSINESS OVERVIEW
11.7.2.    PRODUCT OFFERINGS
11.7.3.    FINANCIAL OVERVIEW
11.7.4.    STRATEGIC BENCHMARKING
11.7.5.    SWOT ANALYSIS
11.8.    LONDON AMBULANCE SERVICE NHS TRUST
11.8.1.    BUSINESS OVERVIEW
11.8.2.    PRODUCT OFFERINGS
11.8.3.    FINANCIAL OVERVIEW
11.8.4.    STRATEGIC BENCHMARKING
11.8.5.    SWOT ANALYSIS
11.9.    ENVISION HEALTHCARE
11.9.1.    BUSINESS OVERVIEW
11.9.2.    PRODUCT OFFERINGS
11.9.3.    FINANCIAL OVERVIEW
11.9.4.    STRATEGIC BENCHMARKING
11.9.5.    SWOT ANALYSIS
11.10.    MEDIVIC AVIATION
11.10.1.    BUSINESS OVERVIEW
11.10.2.    PRODUCT OFFERINGS
11.10.3.    FINANCIAL OVERVIEW
11.10.4.    STRATEGIC BENCHMARKING
11.10.5.    SWOT ANALYSIS

CHAPTER 12.    APPENDIX
12.1.    PREMIUM INSIGHTS FROM INDUSTRY EXPERTS
12.2.    RELATED REPORTS