Ambulance Market Size - By Vehicle Type (Type 1, Type 2, Type 3, Medium-duty Ambulances), By Application (Emergency Medical Services, Fire Ambulances, Others), By Distribution Channel (OEM, Aftermarket), By Fuel & Forecast, 2024 - 2032

Ambulance Market Size

Ambulance Market size was valued at USD 12.9 billion in 2023 and is estimated to register a CAGR of over 5.8% between 2024 and 2032. The growing investments in the healthcare sector across the globe and subsequent initiatives taken by healthcare companies are the major factors driving market growth. For instance, according to a report by the India Brand Equity Foundation, between April 2000 and December 2023, inflows into the medical and surgical appliance and hospital and diagnostic center sectors in India totaled USD 3.26 billion and USD 9.81 billion, respectively.
 

Moreover, the increase in accident rates is another major factor driving the ambulance market growth. For instance, according to the National Highway Traffic Safety Administration's estimates, 42,795 persons lost their lives in motor vehicle crashes in 2022. The demand for ambulances is influenced by the rising incidence of catastrophic injuries and chronic illnesses, which need quick access to emergency medical care and evacuation.

Moreover, the UNESCAP report states that during the calendar year 2022, Indian States and Union Territories (UTs) recorded a total of 4,61,312 road accidents, resulting in 1,68,491 fatalities and 4,43,366 injuries. Compared to the year 2021, there has been an increase of 11.9% in accidents, 9.4% in fatalities, and 15.3% in injuries.
 

In rural locations where resources may be scarce, it might be difficult to guarantee sufficient coverage and prompt response times over a variety of geographic areas. Paramedic and emergency medical technician (EMT) shortages can put pressure on ambulance services, resulting in delayed response times and less access to emergency medical care.
 

Several issues, including decreasing insurance payments, unpaid care, and growing operating expenses, can put ambulance services in a challenging financial position and impact their long-term viability. Manufacturers of ambulances rely on complex international supply networks to get materials, parts, and components. Production timelines, costs, and product availability can all be impacted by supply chain disruptions including shortages, delays, or price variations. For manufacturers, controlling supply chain risks and fostering resilience are crucial.
 

Ambulance Market Trends

There is an increasing demand for electric and hybrid ambulance models as sustainability and lowering carbon emissions become more important. These cars provide smoother rides and quieter operation, which can improve patient care. They also have a lower impact on the environment and decrease running expenses. For instance, in February 2024, the East of England Ambulance Service (EEAST), a part of a national program testing zero-emissions emergency response vehicles, started initial trials for electric ambulances and paramedics.
 

Telemedicine capabilities are increasingly being added to ambulances, allowing ambulance crews and remote healthcare providers to communicate in real time. Improved care coordination while traveling to the hospital, early intervention, and more accurate triage are all made possible by this technology. Specialized ambulance services that are catered to patient demographics and medical problems are in greater demand. This includes mental health crisis response units, neonatal transport, bariatric transport, and critical care transport. To satisfy these various demands, ambulance manufacturers are creating customized equipment and combinations.
 

Ambulance Market Analysis

Based on vehicle type, the market is segmented into Type 1, Type 2, Type 3, and medium-duty ambulances. The Type 1 segment was valued at over USD 5.8 billion in 2023. The increasing population has led to a growing need for emergency medical services (EMS) keeps rising. Type 1 ambulances are crucial for providing prompt access to pre-hospital treatment and medical transportation. In the healthcare sector, patient outcomes and high-quality care are becoming increasingly important.
 

Providers can provide patients with higher levels of care during transport when Type 1 ambulances with integrated health monitoring systems, specialist medical equipment, and advanced life support capabilities are available. The need for Type 1 ambulances that are customized to meet the needs of certain patients is being driven by the growth of specialty EMS programs, including critical care transport, newborn transport, and bariatric transport. Ambulance manufacturers are working on creating configurations that may be customized to fit a variety of patient demographics and medical situations.
 

Based on fuel type, the ambulance market is categorized into diesel, gasoline, and electric. The diesel segment is projected to grow at a CAGR of over 6% from 2024 to 2032. Diesel engines are a popular option for heavy-duty applications like ambulances because of their reputation for dependability and efficiency. Diesel-powered Type 1 ambulances continue to be a viable choice for fleet owners looking for long-term cost savings and performance reliability as improvements in diesel engine technology enhance fuel efficiency and lower emissions.
 

The development potential of diesel ambulances may be impacted by strict emission rules and fuel economy criteria. To satisfy ever-tougher emission regulations while preserving the efficiency and dependability of diesel engines, manufacturers are spending money on R&D. Maintaining growth in the diesel segment will depend heavily on compliance with emission standards.
 

Asia Pacific dominated the global ambulance market size is expected to hold around USD 7.9 billion market revenue by 2032. The Asia Pacific area has experienced a surge in investments towards updating and extending its healthcare infrastructure to provide better access to emergency medical services and other healthcare services. The expansion of the market may be facilitated by government financing for emergency medical training programs, ambulance fleets, and stations.
 

To provide more thorough care while in transit, telemedicine capabilities and mobile healthcare services are becoming increasingly integrated into ambulance operations in North America. Transforming patient triage and treatment decision-making, ambulances fitted with telemedicine technology can enable real-time communication with medical professionals.
 

Ambulance market demand has increased in China due to the country's growing urbanization and ongoing healthcare reforms, especially in densely populated places. The expansion of the ambulance industry in China is facilitated by government initiatives to increase access to healthcare services and strengthen emergency medical response systems.
 

The United Arab Emirates has emerged as a popular destination for healthcare tourism, drawing individuals seeking specialist medical treatments and operations from surrounding nations and beyond. Ambulances are essential for getting patients to and from medical facilities; this helps to fuel the demand for ambulance services and supports the expansion of medical tourism.
 

Ambulance Market Share

Global Medical Response Company and Demers, Braun, and Crestline company dominate the market with approximately 18% of the market share. Global players in the ambulance business include Braun Industries, Demers Ambulances, REV Group, and Crestline Ambulances, to name a few. To meet the varying demands and desires of its customers, these manufacturers provide a variety of ambulance models, such as Type 1, Type 2, and Type 3 ambulances.
 

To serve different sectors of the healthcare market, GMR expands the range of services it offers. They offer critical care transport, community paramedicine, event medical services, and integrated healthcare solutions in addition to standard ambulance services.  Safety, dependability, and quality are given top priority in Demers-Crestline's ambulance designs and production procedures. To guarantee the highest levels of safety for patients and EMS staff, they abide by strict safety requirements and certifications, such as NFPA, CAAS, and ISO standards.
 

Ambulance Market Companies

Major companies operating in the ambulance industry are:

• Auto Ribeiro
• Bollanti
• Braun Industries, Inc.
• Crestline Ambulance
• Demers Ambulances
• Excellence, Inc.
• Frazer Ltd
• Global Medical Response Company
• JCBL Group
• MEDICOP d.o.o.
   

Ambulance Industry News

• In April 2023, Crestline Coach Ltd. unveiled an additional 30,000 square feet of manufacturing space to its existing facility in Saskatoon. The development of the facility has marked the completion of a company initiative to increase the EMS/Fire-based ambulance supply in North America.
   
• In November 2023, Demers Ambulances USA, Inc. announced the partnership with Macqueen Emergency as their dealer in Iowa for Demers and Crestline brands. The partnership has increased the distribution network of Demers Crestline ambulances across the U.S. region.
   

The ambulance market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion), and shipment (Units) from 2021 to 2032, for the following segments:

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Market, By Vehicle Type

• Type 1
• Type 2
• Type 3
• Medium-duty ambulances

Market, By Application

• Emergency medical services ambulances
• Fire ambulances
• Others

Market, By Distribution Channel

• OEM
• Aftermarket

Market, By Fuel Type

• Diesel
• Gasoline
• Electric vehicles

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA