PUBLISHER: Allied Market Research | PRODUCT CODE: 1566863
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566863
The emergency ambulance market was valued at $43.78 billion in 2022 and is estimated to reach $108.4 billion by 2032, exhibiting a CAGR of 9.3% from 2023 to 2032.
An emergency ambulance is a specialized vehicle utilized for transporting patients to medical facilities and necessary supplies in times of emergencies. It serves as a critical medium to deliver primary medical attention and is stocked with vital equipment to help stabilize patients. During situations such as accidents, natural disasters, and medical emergencies, ambulances are required for delivering life-saving aid. They have a crucial function in emergency medical services as they promptly respond to 911 calls, accidents, medical emergencies, and other urgent situations requiring immediate medical assistance.
The growing need for urgent medical assistance, influenced by factors such as aging population, urbanization, and increase in long-term illnesses, highlights the crucial function of emergency ambulances in delivering rapid and life-saving medical aid to individuals requiring help. In March 2023, the Gujarat Health Minister introduced a mobile application for 108 GVK emergency ambulance services in Gandhinagar. This application is accessible on both iOS and Android platforms, with the objective of enabling users to choose the closest ambulance and request its presence at an emergency site.
Surge in road accidents has resulted in a higher need for emergency ambulances. As per the World Health Organization's report, approximately 1.19 million road traffic deaths took place globally in 2021, corresponding to a rate of 15 road traffic deaths per 100,000 people. The demand for emergency ambulance services is increasing due to rise in necessity for prompt emergency assistance in such critical situations. Contrarily, the emergency ambulance industry faces a potential risk due to the inconvenience encountered during long distances. However, to overcome this challenge, the Ruby Hall Clinic in Pune launched the First Responder Bike Ambulance in April 2024. This emergency medical service is expected to be equipped with necessary supplies, GPS tracking, and is expected to follow international urgent care protocols. The deployment of this service is set to begin by the end of May 2024, covering Pune city and its surrounding areas.
Segmentation Overview
The emergency ambulance market is segmented into transport vehicle outlook, emergency service outlook, equipment outlook, and region. By technology vehicle outlook, the market is classified into ground ambulance, air ambulance, and water ambulance. As per emergency service outlook, it is segregated into emergency service and non-emergency service. Depending on equipment outlook, the market is bifurcated into advance life support and basic life support. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Key Findings
By transport vehicle outlook, the ground ambulance segment held the largest market share in 2023.
Depending on emergency service outlook, the emergency service segment acquired the leading position in 2023.
As per equipment outlook, the advance life support (ALS) segment gained the maximum market share in 2023.
Region-wise, Asia-Pacific dominated the emergency ambulance market in 2023.
Competitive Analysis
The major players operating in the emergency ambulance market include Acadian Ambulance Service, Air Methods Corporation, America Ambulance Service, Inc., Babcock International Group PLC, BVG, Falck A/S, Global Medical Response, London Ambulance Service NHS Trust, MEDIVIC PHARMACEUTICAL PVT LTD., and Ziqitza Healthcare Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the emergency ambulance market.
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)