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Ambulance services help transport medically injured or ill patients to-and-from hospitals to ensure timely health check-up and treatment by healthcare professionals. These services are availed by patients directly or by hospitals and other organizations. According to an article published in daily newspaper of the U.S., around 17.3 million emergency patient transports occurred in the year 2012 across the world. Thus, increasing number of emergency cases remains one of the major drivers expected to augment the growth of this market. Further, increasing geriatric population and rise in prevalence of chronic diseases such as cancer and diabetes are some other key reasons held responsible for increasing the demand for ambulance services. Favorable reimbursement scenario, entrance of new ambulance service providers globally and increasing home healthcare are also anticipated to drive the market for ambulance services. Hence, on account of aforementioned factors the global market for ambulance services is expected to grow at a CAGR of 8.3% from 2013 to 2019 to reach an estimated value of USD 29,784.4 million in 2019. However, imposition of strict regulation by the Federal Aviation Administration (FAA) for air ambulance may set back the overall growth of ambulance services market. 
 
The market for ambulance services has been segmented based on the mode of transport as ground ambulance services, air ambulance services and water ambulance services. Similarly, the market has also been classified on the basis of emergency types such as emergency ambulance services and non-emergency ambulance services. Furthermore, based on equipment types that are installed in an ambulance, the market has been subdivided as advanced life support (ALS) ambulance services and basic life support (BLS) ambulance services. Of these, market for air ambulance services has been estimated to foresee the highest CAGR during the forecast period 2013 to 2019. Growth of this ambulance service is observed due to rising medical tourism in countries such as India, Brazil and Thailand coupled with entrance of large number of players for providing air ambulance services. Also, fees for availing air ambulance services results in high revenue generation.
 
Further, emergency ambulance services market accounted for the largest share by revenue in 2012 and is also expected to grow at the highest CAGR during the forecast period. ALS ambulance services market among the equipment types is expected to grow at the highest CAGR during the forecast period. Increasing number of emergency cases for which ALS ambulances are utilized extensively will undoubtedly propel the growth of this market. Similarly, shifting trends for utilizing ALS ambulances by hospitals for patients would also augment the growth of this market.
 
Geographically, North America and Europe accounted for the largest share of the global ambulance services market, capturing more than 80% of the global market in 2012. This large market share of these two regions is justified by the presence of huge number of ambulance service providers in these regions. On the other hand during 2013 to 2019, Asia-Pacific region is expected to grow at the highest CAGR. The growth of this region is witnessed due to increasing geriatric population coupled with rising incidences of chronic diseases. The major players operating in the market include Envision Healthcare Corporation, Falck A/S, Rural/Metro Corporation, Air Methods Corporation and Acadian Ambulance Service.
 

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
    • Emergency
    • Non-emergency
  • Ambulance Services Market, by Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)