Ambulance Services Market Huge Growth Opportunities and Trends to 2030: Acadian Ambulance Service, Air Methods Corporation, AirMed International

Latest publication on 'Ambulance Services Market: Current Analysis and Forecast (2021-2027)' is added in HTF MI research reporsitory provides in-depth analysis, Competitive scenario, and future market trends and strategies. The regional analysis includes countries like USA, Germany, China, France, Japan, South Korea, UK, BeNeLux, Nordic Nations, Middle East & Africa and many other countries along with major players profiled such as Acadian Ambulance Service, Inc., Air Methods Corporation, AirMed International LLC, American Medical Response, Babcock Scandinavian AirAmbulance, BVG India Ltd., European Air Ambulance, Express Air Medical Transport, LLC, Falck Danmark A/S, and Global Medical Response. The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2022 and may grow further during forecast year 2023-2027

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Summary
The global ambulance services market is experiencing significant growth due to the increasing geriatric population coupled with rising traumatic accidents and chronic diseases, stepping growth on the support of extensive use of ambulance services for identifying and managing medical equipment and medical staff that offer medical care in flight, while non-medically equipped and staffed aircraft that are growing at an alarming rate. For instance, In April 2019, Air Methods announced the expansion of its partnership with Anthem Blue Cross and Blue Shield. The company's services may be part of its in-network health coverage benefits in six states in the United States. Under the terms of the partnership, Anthem-affiliated health plan members in California, Georgia, Nevada, Colorado, Virginia, and New York may receive Air Methods' critical care air services at discounted in-network rates. Air ambulances are ambulance services that are vital for transportation in case of medical emergencies. Air ambulances are armed to assist in transporting patients and organs. These services offer various benefits, such as convenience, flexibility, and safety. Therefore, the market for ambulance services is expected to witness a significant CAGR of 8% during the forecast period.
The global ambulance services market is expected to register a CAGR of around 8% from 2022 to 2027. This is mainly due to the increased medical tourism, frequency of road accidents, and diseases such as cardiovascular diseases, heart attack, and chronic diseases coupled with the growth of the geriatric population and the stringent government regulations coupled with the growing focus of major stakeholders in the healthcare industry to adopt to make products and services more sustainable and eco-friendlier. Major healthcare companies are investing heavily in their services due to the rising prevalence of traumatic road accidents are becoming more common, demanding quick medical attention and ambulance assistance. According to the Association for Safe International Road Travel (ASIRT), Approximately 1.35 million people die in road crashes each year; on average 3,700 people lose their lives every day on the roads. Moreover, as per National Health Portal, 20 million people in India are hospitalized to due injuries such as road accidents, burns, and falls. Furthermore, various factors such as the rise in medical transportation and the availability of reimbursement policies, and health innovation will drive the awareness of using ambulance services. Therefore, the market for ambulance services is also expected to boost the demand for ambulance services over the forecast period.

Acadian Ambulance Service, Inc., Air Methods Corporation, AirMed International LLC, American Medical Response, Babcock Scandinavian AirAmbulance, BVG India Ltd., European Air Ambulance, Express Air Medical Transport, LLC, Falck Danmark A/S, and Global Medical Response are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report

"Amongst Mode of transportation, ground ambulance category accounted for the majority share in the market in 2020"
Based on mode of transportation, the market is segmented into an air ambulance, ground ambulance, and water ambulance. The ground ambulance segment dominated the market and is expected to maintain its dominance throughout the forecast period as they provide many modes of transport such as pickup trucks, cars, motorcycles, bicycles, all-terrain vehicles, golf carts, and bus. This is mainly due to the rising geriatric population coupled with unhealthy lifestyles and rising cases of cardiovascular disorders across the globe.

"Amongst Equipment, advanced life support (ALS) is expected to witness highest CAGR during the forecast period"
Based on equipment, the market is segmented into basic life support (BLS) and advanced life support (ALS). Advanced life support (ALS) dominated the market and is expected to maintain its dominance throughout the forecast period. This is mainly due to the growth in technologically advanced equipment and qualified workers, as well as growing awareness of life support services and the high frequency of cardiovascular illnesses and road accidents are expected to boost the ALS segment over the forecast period.

"Amongst End user, the hospital is expected to witness the highest CAGR during the forecast period"
Based on end-users, the market is fragmented into hospitals, nursing homes, home healthcare settings, and others. In 2020, the hospital's segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. This is mainly due to the rising rate of hospital admissions coupled with increasing emphasis on the enhancement of healthcare facilities is expected to propel the segment growth of the ambulance services market. As per British Heart Foundation, there are approximately 200,000 hospital visits every year due to heart attacks, which is, one visit every three minutes. It also reported that every year approximately 40,000 deaths are expected to take place due to stroke in the U.K.

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"North America to witness significant growth during the forecast period"
North America grabbed a significant market share of the global ambulance services market in 2020, and it is expected to grow with considerable CAGR during the forecast period. The increasing acceptance of ambulance services along with the execution of emergency medical services, and non-emergency medical services are desirable solutions by healthcare suppliers, for giving better patient care at lesser operating costs are the important factors, stirring the market in North America. For instance, in February 2019, the U.S. Department of Health and Human Services (HHS), Center for Medicare and Medicaid Innovation (Innovation Center), announced a new payment model for emergency ambulance services that aims to allow Medicare Fee-For-Service (FFS) beneficiaries to obtain the most appropriate level of care at the right time and place with the potential for lower out-of-pocket costs. Additionally, these reimbursement regulations make ambulance services accessible to the patient population, hence propelling the market's growth.

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• Deep dive regional level analysis of the industry.
Customization Options:
The global ambulance services market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stakeholders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Ambulance Services Market
2.2. Research Methodology of the Ambulance Services Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the Ambulance Services Market Study
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL AMBULANCE SERVI
....Continued

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