Ambulance Services Market To Surpass USD 50 Billion By 2026

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Ambulance Services Market To Surpass USD 50
Billion By 2026 Global Market Insights, Inc.
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• Ambulance Services Market Scenario

• The ambulance services market is likely to
  witness considerable growth prospects owing to
  recurring incidences of disease outbreaks and the
  increasing frequency of road accidents. Over
  years, the number of workplace disasters has also
  increased which gives rise to industrial safety
  concerns thereby creating the need for efficient
  and reliable healthcare facilities supported by a
  robust ambulance network.
• Statistics claim that the European Union has
  recorded as many as 3,552 workplace accidents in
  2017 with around 20 percent occurring alone in
  the construction sector. Almost three quarters of
  these fatal accidents are noted to have caused
  wounds, dislocations, sprains, and superficial
  injuries, which throws light on the increasing
  need for emergency healthcare services.
• The ambulance services market has a widespread
  end-use spectrum which includes nursing homes,
  hospitals, home healthcare settings, and others.
  It has been recorded that home healthcare
  settings prove beneficial to individuals as they
  help to improve the patients condition through
  home environment and greater independence. In
  2019, the home healthcare settings segment
  accounted for up to 35 per cent of the total
  share in the ambulance services market.

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• Based on the services segment, the market is
  bifurcated into emergency medical services and
  non-emergency medical services. Of these two,
  emergency ambulance services form a crucial part
  of the spectrum as it provides immediate medical
  care to people in need. As per 2019 statistics,
  the emergency services segment has registered a
  valuation of around USD 18 billion.
• The ambulance services market is also segmented
  on the basis of mode of transportation which
  comprises air ambulance, ground ambulance, and
  water ambulance services. The water ambulance
  services play a key role to access remote areas
  surrounded by water bodies.

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• Regional Analysis

• According to studies, North America has
  registered a 35 per cent share in the global
  ambulance services market in 2019. The air
  ambulance was introduced in the U.S. in 1972
  before which ambulance services in the region
  were provided only through road transport.

• Competitive Analysis

• Major players in the ambulance services market
  comprise Acadian Ambulance Service, Falck
  Danmark, Babcock Scandinavian Air Ambulance, Air
  Methods, BVG India Limited, Ziqitza Health Care,
  and others, that are focused on the deployment of
  efficient and reliable ambulance services.

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