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"Overview of Ambulance Services Market"
Global Ambulance Services Market was valued at US$ XX Mn in 2019 and it is Expected to Reach More than US$ 53.7 Mn by 2028, Likely to Grow with the CAGR of 9.2% During the Forecast Period.
The market of ambulance services is surging through favourable reimbursement policies, an increase in medical tourism, road accidents, and geriatric population. Motor ambulances are for a reduction in the response time and offer proactive care in cases of important missions. Therefore, healthcare organizations in association with ambulance services are concentrating on raising a number of motor ambulances for different healthcare sectors. To cater services for a number of emergency phone calls, with healthcare facilitators in the ambulance services market are deploying seasoned staff to receive enough buffers in the rest and recover. It has been achieved by a reduction in the number of ambulance missions. Organizations operating in the ambulance services market are advancing in the latest technology equipment adoption with embedded GPS technology to support ambulance technicians reaching efficient time registration.
Flourishing healthcare Industry in developing countries to drive the Demand for Ambulance Services
The healthcare industry is growing at an exponential rate in the global market. By the favourable market opportunities present in the global market along with rising aliments cases accounted worldwide. The contribution of ambulance services globally is having a significant role in the plunge of healthcare industry.
Emergency Segment held a prominent share in Global Ambulance Services Market in 2019
The emergency segment is identified as dominating the market of ambulance services in the global market occupying highest share with an anticipated to continue its position during the forecast period. A plunge in the emergency ambulances services is anticipated for supporting the prevailing cardiovascular conditions including stroke, cardiac arrest, and congestive heart failure. As per the Centre for Disease Control and Prevention (CDC), annually about 610,000 patients cease because of heart diseases in the U.S., that is with a ratio of 1:4 deaths in the country. Cardiovascular disease is registered as the major cause of death for men and women globally. Such rise of cardiac cases urges the need for emergency ambulance services that is anticipated to fuel its market growth globally.
North America Is expected to dominate the Ambulance Services Market during the Forecast Period
The North America market is led the ambulance services market and its dominance this region significantly attributes to the existence of important companies in this region, rising need for superior healthcare services, coupled with well-established healthcare facilities. Moreover, the existence of suitable reimbursement schemes in the developed countries is anticipated to propel the market growth of Ambulance services in the U.S, Medicare includes emergency and non-emergency ambulance services, if it is considered as medically essential and the suppliers fulfil Medicare ambulance necessities. The introduction of Paramedicine community in the North American region is significantly contributing to the greater market size in the North American region.
Global Ambulance Services market is fragmented among the number of local and global players. The organizations involved in the Ambulance services are focused on offering advanced technology services to the end-users could increase their competency in the global market.
Key players operating in the global Ambulance Services market are Falck A/S., Air Methods Corporation, Dutch Health B.V., Envision Healthcare Corporation, Acadian Ambulance Service, Inc., London Ambulance Service NHS Trust, Scandinavian AirAmbulance, Air Medical Group Holdings, Inc., and Lufttransport AS.
Global Ambulance Services Market Key Segments:
Global Ambulance Services Market, By Service
Global Ambulance Services Market, By Transport
- Ground Ambulances
- Air Ambulances
- Water Ambulances
Global Ambulance Services Market, By Region
- North America
- Asia Pacific
- Middle East and Africa
- Latin America