Emergency Medical Services (EMS) Vehicle Market - Overview
Emergency medical services (EMS) vehicles are utilized to transport patients to medical facilities. EMS vehicles are equipped with climate-controlled and also assist in providing necessary medical care, such as intravenous therapy and oxygen, by medical technicians and paramedics.
Demand for EMS vehicles is expected to rise due to rise in geriatric population. Advancements in digital technology and improved connectivity have made EMS vehicles more responsive and effective and thus, have gained high consumer confidence, thereby driving their market. Rising medical tourism and inter-facility transport is boosting the global transportation requirement, which in turn is driving the emergency medical services (EMS) vehicle market. Increase of incidence of cardiovascular and chronic diseases, worldwide, due to stressful and sedentary lifestyle is boosting the demand for EMS vehicles. Rise in awareness about health insurance due to rising income, increasing incidences of diseases, and governmental support is expected to boost the demand for EMS vehicles. Reimbursement schemes of medical insurance prompt several consumers to seek the medical help and utilize EMS vehicles for convenience, which in turn is driving the demand for EMS vehicles. Organizations, such as World Bank, are supporting the procurement of EMS vehicles to developing countries in order to improve medical care, thus boosting the emergency medical services (EMS) vehicle market.
Emergency Medical Services (EMS) Vehicle Market - Segmentation
The global emergency medical services (EMS) vehicle market can be classified based on ambulance class type, equipment type, and region. Based on ambulance class type, the emergency medical services (EMS) vehicle market can be segregated into class I type, class II type, and class III type. Class I EMS vehicles utilize a truck chassis with separate driver compartment. Class II type ambulances are van-type vehicles are extensively employed by hospitals and are primarily equipped to provide only basic life services. Class III type ambulances are mounted on light-duty vehicle chassis. Class III type ambulances are equipped with advanced life support aids and are utilized at airports, oil refineries, and chemical plants.
In terms of equipment type, the emergency medical services (EMS) vehicle market can be bifurcated into Basic Life Support (BSL) and Advances Life Support (ALS). The ALS segment is expected to expand at a high growth rate owing to rise in the number of patients suffering from cardiovascular diseases and increase in dependency on life support equipment. ALS type vehicles are manned by paramedic supervisors and are equipped with cardiac monitoring, IV pumps, and oxygen devices in order to provide medical care for critically ill patients.
Based on region, the global emergency medical services (EMS) vehicle market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America & Europe witness high expenditure on medical services and hence, are leading markets for EMS vehicles, globally. Rise in awareness, increase in income, and rise in geriatric population in developing countries of Asia Pacific are expected to drive the market in the region.
Emergency Medical Services (EMS) Vehicle Market - Key Players
Key players operating in the global emergency medical services (EMS) vehicle market include Crestline Coach, Braun Industries, Demers Manufacturier d’Ambulances Inc., REV Group, First Priority Group, Lenco Armored Vehicle, and JCBL Limited.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.