According to a new report published by AkVis Intelligence, titled, “Ambulance Services Market by Transport Vehicle, Services, Equipment, Operating Type., and Region Global Market Analysis and Forecast, 2024-2032.

The Global Ambulance Services Market Size Was Valued at USD 48.94 Billion in 2023 and is Projected to Reach USD 109.13 Billion by 2032, Growing at a CAGR of 9.32 % from 2024-2032. Ambulance services are medically equipped vehicles used to transport individuals to healthcare facilities, such as hospitals and clinics. They are essential for emergency medical services (EMS) to provide timely health treatment and transport patients to and from hospitals. Air ambulances carry medical equipment and staff for in-flight medical treatment, while non-medical aircraft transfer patients and organs. Ambulance services offer convenience, flexibility, and safety, but travel longer distances and at a faster pace. They are commonly used for medical emergencies like heart attacks, accidents, and strokes, as well as transferring patients between healthcare facilities for specialized treatments or consultations.

Efficient outpatient services result in timely medical care for accident victims or patients with chronic conditions. Ambulance services include standby, emergency surface, and air ambulances, as well as nonemergency surface and air ambulances and additional services. The goal of emergency medical services is to provide treatment, satisfactorily treat the malady, or arrange for the timely removal of the patient to the next point of definitive care.

According to the Ambulance Services, the Market is segmented into Transport vehicles, Services, Equipment, and Operating types. By Transport type, the market is categorized into Ground Ambulance, Air Ambulance, and Water Ambulance. By Service, the market is categorized into Emergency Services and Non-emergency Services. By Equipment, the market is categorized into Advance Life Support Ambulance Services (ALS) and Basic Life Support Ambulance Services (BLS)). By operating, the market is segmented into Public-private Partnership, Government, Private, and Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

Ambulance services are medically equipped vehicles used to transport individuals to healthcare facilities, including hospitals and clinics. They are crucial for emergency medical services (EMS) to provide timely health treatment and transport patients to and from hospitals. Air ambulances carry medical equipment and staff for in-flight treatment, while non-medical aircraft transfer patients and organs. They offer convenience, flexibility, and safety, but travel longer distances and at a faster pace. Ambulance services include standby, emergency surface, and air ambulances, as well as nonemergency surface and air ambulances and additional services. The goal of emergency medical services is to provide treatment, treat the malady satisfactorily, or arrange for patient removal to the next point of definitive care.

Medical technology is enhancing air ambulance services by providing real-time health information to hospital specialists and equipping them with essential medical tools. Advancements in RFID, 5G connectivity, video calling, telemedicine, and interconnected healthcare networks have improved efficiency, productivity, and security. Remote healthcare options and interconnected systems have also facilitated quicker delivery. Disinfection technologies like ultraviolet light systems are now essential for maintaining the cleanliness and safety of ambulance equipment. These technological advancements have been crucial in the development of ambulance services, benefiting both the public and healthcare providers.

Global Ambulance Services Market, Segmentation

The Ambulance Services Market is Segmented Based on Transport Vehicles, Services, Equipment, Operating Type, and Region.

By Transport,

The Ground segment Is Expected to Dominate the Market During the Forecast Period. Ground ambulances are crucial for emergency medical services globally, providing prompt assistance for accidents and medical emergencies. They have advanced life support (ALS) and basic life support (BLS) capabilities, varying based on the patient condition. In 2023, the ground ambulance sector dominated the market with a 72.39% revenue share, driven by vehicles like vans, pickup trucks, cars/SUVs, motorcycles, bicycles, all-terrain vehicles, golf carts, and buses. The growth of this segment is driven by the increasing number of cardiovascular disorder cases, with one person dying every 30 seconds in the U.S., and the increasing occurrences of traffic accidents and unexpected events.

By Services:

The Emergency Ambulance Services Segment Held the Largest Share. Emergency ambulance services are expected to dominate the market due to the high number of accidents and the aging population. The COVID-19 pandemic has increased the demand for these services, which are crucial for urgent medical needs. The sector is expanding by integrating technology-based solutions in vehicles. The government and stakeholders are working to address medical emergencies, leading the market in 2023. The sector is expected to grow significantly due to the high number of cardiac arrests, strokes, epilepsy, and firearm accidents. And firearm accidents account for around 39,707 deaths annually in the U.S., indicating continued growth in the segment.

Region:

North America is expected to dominate the ambulance services market, with a revenue share of 48.31% in 2023. Key industry leaders like Air Methods, Acadian Ambulance Service, and American Air Ambulance are located in the region. The US Department of Health and Human Services introduced a new payment model in February 2019, aiming to reduce out-of-pocket expenses for Medicare FFS beneficiaries. This has driven market expansion, especially for the elderly, who are at risk for chronic illnesses and accidents. The market's strength is attributed to partnerships with healthcare systems, innovative care models, and community-focused improvements.

Some of The Leading/Active Market Players Are-

• American Medical Response (U.S.)
• Rural/Metro Ambulance Services (U.S.)
• Lifeline Ambulance Service (U.S.)
• MedStar Ambulance (U.S.)
• Priority Ambulance (U.S.)
• Whelen Engineering (U.S.)
• McCormick Ambulance (U.S.)
• Falcon Ambulance (U.S.)
• Western Ambulance (U.S.)
• Empress Ambulance (U.S.) and Other Active Players

Key Industry Developments

• In January 2024, HEMSI merged with Huntsville Hospital Health System, creating a comprehensive ambulance service network across the Tennessee Valley. This strategic move aims to optimize resources, enhance operational efficiency, and improve service delivery in the northern end of the state. "Combining resources will enable us to make cost-effective and efficient decisions for our communities," said Jon Howell, HH Health System Emergency Services President. This merger supports the growing population of hundreds of thousands in the region.
• In February 2023, Falck announced the deployment of its first electric ambulance. This groundbreaking initiative, in collaboration with the Capital Region, marked a significant step in Falck’s green transformation of patient transport. The electric ambulance trial provided crucial insights for converting more ambulances to electricity, addressing the higher demands of emergency medical services. This innovative move demonstrated Falck’s commitment to sustainable healthcare solutions and set the stage for future advancements in eco-friendly emergency transport.

Key Findings of the Study:

• Emergency ambulance services held the largest market share due to high demand for urgent medical care, driven by factors such as increasing accidents, aging populations, and the impact of events like the COVID-19 pandemic.
• North America led the market with a revenue share of 48.31% in 2023, supported by key players and government initiatives aimed at improving healthcare access and reducing out-of-pocket expenses.
• Technological advancements such as real-time health information, RFID, 5G connectivity, and disinfection technologies have enhanced the efficiency, safety, and scope of ambulance services globally.