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Ambulance Services Market Size

Name: Ambulance Services Market Size, Global Forecasts, 2020–2026
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI4724
Published Date: Jun 2020
Report Format: PDF

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Ambulance Services Market Size

Ambulance Services Market size exceeded USD 28 billion in 2019 and is anticipated to grow at a CAGR of over 0.9% between 2020 and 2026.

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The drive-in healthcare industry is expanding its spectrum of services as the innovations in healthcare are treading new paths to enable the people of all ages and groups to receive comprehensive care. The ambulance services are considered an integral part of the emergency medicine department. Service providers of this industry provide ambulance with the necessary facilities, like defibrillators, monitors, ventilators, continuous oxygen supply, and others that augments the market growth over the forecast period.

Ambulance Services Market Report Attributes
Report Attribute	Details
Base Year:	2019
Ambulance Services Market Size in 2019:	USD 29.6 Billion
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	0.9%
2026 Value Projection:	USD 50.7 Billion
Historical Data for:	2015 to 2019
No. of Pages:	220
Tables, Charts & Figures:	195
Segments covered:	Mode of transportation, Services, End-use and Region
Growth Drivers:	Favorable reimbursement policies across the globe Increasing number of road accidents in the developing regions Growing medical tourism in the developing regions Increasing geriatric population Increasing incidence of chronic diseases
Pitfalls & Challenges:	Stringent government regulations Shortage of ambulances and proper medical staff

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The market size of ambulance services surpassed USD 28 billion in 2019 and is poised to grow at a CAGR of around 0.9% between 2020 and 2026.

North America dominated over 35% market share in 2019 attributed to the transition towards value-based care in the region.

According to the analysts at GMI, the non-emergency medical services segment is predicted to expand at 1.3% CAGR through 2026.

The private payer segment is estimated to witness around 1% growth rate during the forecast timeframe, says this research report by Global Market Insights, Inc.

Some of the eminent players operating in the market include Babcock Scandinavian AirAmbulance, Acadian Ambulance Service, BVG India Limited, America Ambulance Services, Falck Danmark, Air Methods, Ziqitza Health Care, Harmonie Ambulance, Aeromedevac and SHM Shipcare.