Ambulance Services Market Demand, Industry Growth and Forecast 2023-2028

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The global ambulance services market size reached US$ 49.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.89% during 2023-2028.

IMARC Group, a leading market research company, has recently released a report titled "Ambulance Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the global ambulance services market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What Are The Growth Prospects Of The Ambulance Services Industry?

According to the report, The global ambulance services market size reached US$ 49.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.89% during 2023-2028.

What is Ambulance Services?

Ambulance services, also called paramedic services, are a critical component of emergency medical facilities that help transport injured or ill patients for immediate medical attention and treatment by healthcare professionals. These services are equipped with Advanced Life Support (ALS) and Basic Life Support (BLS) tools to handle patients facing medical or trauma-related emergencies. As a result, ambulance services are used by patients either directly or through hospitals and other organizations to manage patients with various medical needs across the globe.

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What are the growth prospects and trends in the Ambulance Services industry?

The global ambulance services market is primarily driven by the significant expansion of the healthcare industry. Moreover, the rising number of road accidents, natural disasters, and medical emergencies that require immediate attention is contributing to the market growth. Additionally, the escalating need for ambulance services for scheduled and unscheduled non-emergency and emergency situations due to the rising geriatric population has catalyzed the market growth. Besides this, the introduction of multi-specialty ambulances, equipped with advanced equipment and tools to offer quick and high-quality patient care, is contributing to market growth. Furthermore, the shifting preferences of healthcare centers toward air ambulance services for the safe and efficient transportation of patients with infectious diseases and critical conditions is propelling market growth. Other factors, including favorable government policies promoting public health, rising medical tourism, and significant improvements in healthcare infrastructure, are also anticipated to create a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Transport Vehicle:

  • Ground Ambulance
  • Air Ambulance
  • Water Ambulance

Breakup by Emergency Services:

  • Emergency Services
  • Non-Emergency Services

Breakup by Equipment:

  • Advanced Life Support (ALS) Ambulance Services
  • Basic Life Support (BLS) Ambulance Services

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Acadian Ambulance Service Inc.
  • Air Methods Corporation
  • America Ambulance Services Inc.
  • Babcock International Group PLC
  • BVG India Limited
  • Dutch Health B.V.
  • Falck A/S
  • Global Medical Response Inc.
  • London Ambulance Service NHS Trust
  • Medivic Pharmaceutical PVT LTD
  • Ziqitza Healthcare Limited.

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