Ambulance Services Market: Snapshot
Since past few years, owing to rise in emergency cases and advanced healthcare facilities along with technological innovations, the ambulance services market has also gained a lot of traction. It acts extremely beneficial in timely treatment, and quick transport of patient who are unable to move or injured to move back and forth from hospitals and therapy centers.
The report comprise a fragmented perspective of the worldwide ambulance services market that is made utilizing the criteria of method of transport, emergency type, equipment, and geography. As per the method of transport, the worldwide ambulance services market is relied upon to expand because of the high development rate shown by the air transport ambulance services segment.
The air ambulance section is expected to demonstrate the quickest CAGR within the forecast period from 2013 to 2019, attributable to a developing interest for medicinal tourism from created countries, comprising travel across nations, for example, Thailand, India, and Brazil for restorative medications. It is likewise supported by a rising number of organizations that have extended as well as put resources into air ambulance services because of its high income generation rate.
Ambulance Services Market: Trends and Opportunities
Increase in number of emergency cases continues to be one of the significant drivers anticipated that would help the development of this market. Further, expanding geriatric populace and ascend in predominance of terminal ailments, for example, tumor and diabetes are some other major reasons considered in charge of expanding the interest for ambulance services. Better reimbursement policies, expanding home healthcare, and emergence of new ambulance service providers are additionally foreseen to propel the market for ambulance facilities. Subsequently, by virtue of previously mentioned factors the worldwide market for ambulance services is relied upon to develop at a CAGR of 8.3% from year 2013 to 2019 to come to an expected estimation of US$ 29,784.4 mn by year 2019. Be that as it may, burden of strict control by the Federal Aviation Administration (FAA) for air ambulance may obstruct the general development of ambulance services market.
Ambulance Services Market: Geographical Analysis
According to geographical regions the global ambulance services market is divided into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Europe and North America represented the biggest shareholders of the worldwide ambulance services market, accounting over 80% of the worldwide market in year 2012. This expansive market share of these regions is encouraged by the emergence of colossal number of ambulance providing services. Apart this, Asia-Pacific region is also foreseen to rise at the most elevated CAGR within the forecast period. The development of this area is seen because of expanding geriatric populace combined with rising occurrences of terminal illness.
Ambulance Services Market: Companies Mention
Emergency ambulances are relied upon to demonstrate a significantly higher development rate contrasted with non-emergency ambulances, supported by a rising interest for ambulance services with a ready availability, and quicker reaction time. The report uncovers that in the division by equipments, the worldwide ambulance services market is driven by advanced life support services segment, attributable to a developing number of critical cases. Rural/Metro Corporation, Falck A/S, Imagine Healthcare Corporation, Acadian Ambulance Service, and Air Methods Corporation are some of the main players in the worldwide ambulance services market.
The global ambulance services market has been segmented as below:
- Ambulance Services Market, by Mode of Transport
- Ground Ambulance Service
- Air Ambulance Service
- Water Ambulance Service
- Ambulance Services Market, by Equipment
- Advance Life Support (ALS)
- Basic Life Support (BLS)
- Ambulance Services Market, by Emergency Type
- Ambulance Services Market, by Geography
- North America
- Rest of the World (RoW)