Market Research Report
Ambulance Services Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence Pvt Ltd||Product code||921939|
|Published||Content info||111 Pages
Delivery time: 2-3 business days
|Ambulance Services Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: January 1, 2020||Content info: 111 Pages||
The ambulance services market will show rapid growth due to the entrance of new ambulance service providers globally, increasing number of accidents and the introduction of new ambulances.
Road traffic accidents are found to be the leading cause of death by injury and the tenth leading cause of all deaths globally as now they make up a surprisingly significant portion of the worldwide burden of ill-health. An estimated 1.2 million people are killed in road crashes each year, and as many as 50 million are injured, occupying 30 percent to 70 percent of orthopedic beds in developing countries hospitals. With the increasing accidents, there are also effective ambulatory services that lead to timely medical intervention for accident victims or patients suffering from chronic illness. These services timely play a major role in health service. Moreover, a growing number of roadside accidents, which require emergency medical services, is augmenting the growth of the ambulance services market.
In addition, increasing popularity for air ambulance services, and a large number of patients with private health insurance are also expected to fuel this market further in the coming years.
As per the scope of the report, the ambulance is a primary vehicle for delivering emergency medical services, though some also use motorcycles, cars, aircraft or boats. Ambulance services help to transport the medically injured or ill patients to and from hospitals to ensure timely health checkups and treatment by a healthcare professional. These services are availed by patients directly or by hospitals and other organizations. Pre-Hospital patient care, emergency services, rescue services, injured or serious patient treatment services are some of the services offered by ambulance service. Owing to the immediate service it experiences an increase in various situations for the injured person across the globe.
Emergency Services is Expected to Dominate the Ambulance Services Market During the Forecast Period
An emergency segment is found leading the largest share and is expected to retain its leading position over the forecast period. The growth of emergency ambulances is attributed to the prevalence of cardiovascular conditions such as cardiac arrest, stroke, and congestive heart failure. According to the Centers for Disease Control and Prevention (CDC), every year approximately 610,000 people die of heart disease in the United States, which is 1 in every 4 deaths in the nation.
Also, cardiovascular disease is found to be the leading cause of death in both men and women. Therefore, such an increase in cardiac cases demands emergency ambulance services, which is expected to boost the market growth.
North America is Found Leading the Ambulance Services Market
North America has dominated the ambulance services market and the dominance of the market is mainly attributable to the presence of several key market players in this region, growing demand for quality healthcare services, and well-established healthcare infrastructure.
In addition, the presence of favorable reimbursement policies in the developed nations is also expected to drive the overall market. In the United States, Medicare covers both emergency and non-emergency ambulance services, if it is considered medically necessary and the supplier fulfills Medicare ambulance requirements. The budding community of paramedicine in North America also contributes to the large market size in this region.
There has been a presence of a considerable number of companies that are significantly contributing to the market growth. Various strategies and collaborations are being adopted by these key players to maintain their market share.