Ambulance Services Solving the Future Emergencies - Evolving the Way Beyond Necessity

Ambulance services help transport medically injured or ill patients to-and-from hospitals to ensure timely health check-up and treatment by healthcare professionals. These services are availed by patients directly or by hospitals and other organizations. According to an article published in daily newspaper of the U.S., around 17.3 million emergency patient transports occurred in the year 2012 across the world. Thus, increasing number of emergency cases remains one of the major drivers expected to augment the growth of this market.

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Further, increasing geriatric population and rise in prevalence of chronic diseases such as cancer and diabetes are some other key reasons held responsible for increasing the demand for ambulance services. Favorable reimbursement scenario, entrance of new ambulance service providers globally and increasing home healthcare are also anticipated to drive the market for ambulance services. Hence, on account of aforementioned factors the global market for ambulance services is expected to grow at a CAGR of 8.3% from 2013 to 2019 to reach an estimated value of USD 29,784.4 million in 2019. However, imposition of strict regulation by the Federal Aviation Administration (FAA) for air ambulance may set back the overall growth of ambulance services market.

According to a new study published by Transparency Market Research, the global ambulance services market will display a healthy 8.30% CAGR from 2013 to 2019. The market, which stood at a valuation of US$17 bn in 2012, is expected to reach US$29.8 bn by 2019. The title of this report is “Ambulance Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” and it is available for sale on the company’s website.

Ambulance services predominantly involve transporting patients suffering from a medical emergency from their location to the nearest healthcare facility. Ambulance services are equipped with primary healthcare services, oxygen masks, life support systems, etc., which may be needed for patients while being transported to a hospital. In developed countries, ambulance services can be accessed by dialing a national emergency number from any landline phone, cell phone, or pay phone free of cost.

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