Ambulance Services Market: Global Demand for Ambulance Services Upbeat with Rising Prevalence of Chronic Diseases, and Growing Incidence of Road Accidents

In the recent past, the global ambulance services market has been making a major breakthrough due to the rising prevalence of chronic diseases and the growing geriatric population. With rising incidents of cardiovascular diseases such as cardiac arrest and stroke, the need for efficient and timely medical assistance has become indispensable. This has surged the demand for effective ambulance services that ensure timely healthcare assistance. The demand for ambulance services is further fuelled by the growing incidence of road accidents. Noticeably, governments across the globe are taking relevant initiatives and forming favourable reimbursement policies to ensure ease of healthcare access for citizens. Furthermore, major players in the ambulance services market are rolling out new products, while pursuing strategic collaborations and partnership agreements to promote open innovation. The cumulative force of these factors is expected to create novel growth prospects for the global ambulance services market.

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Increased Number of Road Accidents Create Headways for Global Ambulance Services Market Growth

On a global scale, traffic accidents are the leading cause of death. As per the Association for Safe International Road Travel (ASIRT), road accidents have caused approximately 1.3 million fatalities, with an additional 20-50 million cases of serious injuries or disabilities. Notably, the number of road accidents has risen incessantly due to the increase in vehicle ownership, road congestion, rash driving, and poor road quality. To reduce grave trauma or injury, immediate medical intervention is of the utmost importance; in several cases, adequate early care has prevented serious trauma. This has elevated the demand for advanced ambulance services in both emerging and developed nations. During the forecast period, the consistently soaring demand for ambulance services is poised to expand the global ambulance services market.

Emergency Medical Services Segment Exhibits Higher Growth Prospects

Over the projection period, the emergency medical services segment is set to grow at a promising pace. This growth is mainly attributed to the rising prevalence of cardiovascular disorders such as congestive heart failure, cardiac arrest, and stroke. According to the Heart and Stroke Organisation of Canada, every year, almost 35,000 Canadian citizens suffer from cardiac arrest while around 62,000 people suffer from stroke. These patients need immediate medical assistance which is provided by emergency ambulance services. Apart from this, several patients with severe injuries or illnesses also need immediate medical attention. Emergency ambulance services ensure the immediate availability of emergency medical technicians (EMT), paramedics, and ALS. In the coming years, the surge in road accidents and health emergencies is projected to open new business opportunities in the global ambulance services market.

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North America Emerges as Key Regional Player Amid Sustained Demand for Advanced Healthcare Services

North America is projected to demonstrate remarkable growth throughout the forecast period owing to the rise in demand for quality healthcare services and a well-developed healthcare infrastructure. In this region, the government is making significant efforts to ensure ease in access to healthcare through favourable norms and remunerative reimbursement policies. Moreover, the growth in the ambulance services market in North America is further propelled by the presence of major market players. These players are making consistent efforts to improve the quality of healthcare delivery through effective innovations in ambulance services.

Major Market Players

Most prominent market players in the ambulance services market include Babcock Scandinavian AirAmbulance, Acadian Ambulance Service, SHM Shipcare, Aeromedevac, BVG India Limited, Ziqitza Health Care, Harmonie Ambulance, Air Methods, Falck Danmark, and America Ambulance Services.

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