ambulance services market
Healthcare Services

How Will The Ambulance Services Market Globally Expand In 2023?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s ambulance services market report forecasts the ambulance services market size to grow to $87.84 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

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Ambulance Services Market Size Forecast
The global ambulance services market is expected to grow from $66.25 billion in 2022 to $70.68 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ambulance services market is expected to grow to $87.84 billion in 2027 at a CAGR of 5.6%.

Western Europe held the largest ambulance services market share.

Key Ambulance Services Market Driver ­– Increase In Sedentary Jobs
For instance, according to the American heart Association’s Heart & Stroke Statistics 2020, in the US, there are about 356,000 out-of-hospital cardiac arrests (OHCA) per year, with approximately 90% of them being fatal. Change in lifestyle increase the incidence of cardiac arrests and thereby drive the demand for ambulance services.

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Key Ambulance Services Market Trend – Adoption Of EHRs By Medical Practitioners And Healthcare Centres
Digitalization of information related to patients including their medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory and test results is being made possible with Electronic Health Records (EHRs). EHRs increase patient participation and improve diagnostic and treatment outcomes. Adoption of EHRs by medical practitioners and healthcare centres improve medical practice management by increasing practice efficiencies. It also aids in cost savings.

Ambulance Services Market Segment
1) By Type: Ground Ambulance Services, Air Ambulance Services, Water Ambulance Services
2) By End User Gender: Male, Female
3) By Type of Expenditure: Public, Private
4) By Ownership: Chained, Standalone

Ambulance Services Market Major Players and Strategies
Major players in the ambulance services market are American Medical Response, Inc., Providence Service Corporation, Falck AS, Air Methods Corporation, Fresenius Medical Care AG & Co. KGaA, Acadian Ambulance Service, Inc., and NHS England.

The Ambulance Services Global Market Report 2023 covers regional data on ambulance services market size, ambulance services market trends and drivers, opportunities, strategies, and ambulance services market competitor analysis. The countries covered in the ambulance services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Ambulance services refers to a type of service when the patient’s condition necessitates medical transport and where the use of specialist medical tools and/or abilities is both medically required and essential to the patient’s safe transfer. Ambulance is an emergency vehicle that is equipped with emergency care equipment. It is used to carry injured or ill people for emergency care.

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