Ambulance Services Market Size, Share, and Trends 2024 to 2034

The global ambulance services market size was valued at USD 44.78 billion in 2022, and is expected to reach over USD 108.4 billion by 2032, poised to grow at a CAGR of 9.30% from 2023 to 2032.

Growth Factors

Ambulance services are emergency medical services that transport patients who require rapid medical assistance due to diseases or accidents. Ambulance services are transported to the location utilizing specialized water, ground, and air vehicles to provide the best possible treatment to patients, these services are linked and integrated with communication and transportation networks, specialty care centers, hospitals, trauma centers, and rehabilitation institutions. They are employed in both emergency and non-emergency circumstances, and they are integrated with patient care tools such as basic life support (BLS) and advance life support (ALS).

The rising frequency of traffic accidents, the rise in medical tourism, the growing elderly population, and advantageous reimbursement policies are all contributing to the growth of the global ambulance services market. The road accidents are becoming more common, necessitating emergency medical attention as well as ambulance services. According to the World Health Organization (WHO), almost 1.35 million people die every year as a result of traffic accidents. This necessitates the most comprehensive steps by government bodies, including the engagement of sectors such as emergency health services, which address safety measures in the event of any incidents. Furthermore, the rising popularity of air ambulance services, as well as significant number of private insurance patients, are likely to boost the growth of the ambulance services market.

Another key growth factor is the introduction of multi-specialty ambulances, which are equipped with modern tools and equipment to give rapid and high-quality care to patients. The different types of healthcare facilities are also using air ambulances to transport patients with contagious diseases and critical conditions, which provides the patient with more safety, convenience, and flexibility. Other factors, such as the implementation of favorable government policies to promote public health, as well as significant improvements in healthcare infrastructure, are expected to propel the growth of the global ambulance services market during the forecast period.  

North America has dominated the ambulance services market, owing to the presence of major market players, a strong medical care foundation, and growing interest in excellent medical care administration. Furthermore, the prevalence of effective repayment schemes in established economies is projected to drive the overall growth of the ambulance services market. In the U.S., Medicare covers both emergency and non-emergency ambulance services provided they are regarded medically necessary and the provider meets the Medicare ambulance requirement. The developing field of paramedicine in North America adds to the vast market size in this area.

Ambulance Services Market Scope

Transport Vehicle Insights

The ground ambulance segment dominated the ambulance services market in 2022. The ground ambulance is a vehicle that is maintained, equipped, and properly authorized to transport patients through road to their destination, such as hospitals with resources.

The air ambulance segment is fastest growing segment of the ambulance services market in 2022. Air ambulance services are typically employed to evacuate and rescue critically ill or injured patients, with patient transfers from hospitals or healthcare facilities being less common.

Services Insights

The emergency services segment dominated the ambulance services market in 2022. During the forecast period, this segment is expected to increase at a rapid pace. The prevalence of cardiovascular disorders such as cardiac arrest, heart failure, stroke, and increased cases of coronavirus pandemic all over the world are all contributing to the expansion of the emergency services segment.

The non-emergency services segment, on the other hand, is predicted to develop at a rapid rate over the projection period. The non-emergency services are those which are already planned or taken appointment by doctors or healthcare service providers.

Equipment Insights

In 2022, the advance life support(ALS) segment dominated the ambulance services market. due to increased awareness of life support services, a high incidence of cardiovascular illnesses, and an increase in technologically advanced equipment and qualified personnel, the segment is predicted to grow rapidly.

The basic life support (BLS) segment, on the other hand, is predicted to develop at the quickest rate in the future years. A typical basic life support ambulance will have the most up to date medical equipment, such as an automatic external defibrillator, pulse oximetry, blood pressure monitoring equipment, and oxygen delivery services, as well as nurses to assist patients who are not physically or emotionally fit.

Region Insights

North America dominated the ambulance services market in 2022. The presence of numerous significant market players in this region, expanding demand for high quality healthcare services, well established healthcare infrastructure, and advantageous reimbursement policies and regulatory frameworks in the healthcare industry are all contributing to the growth of the ambulance services market in the North America region.

Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. The improved healthcare facilities, huge untapped market potential, and an increase in the incidence of road accidents are factors that are anticipated to propel the industry in the Asia-Pacific region.

Key Developments

• Babcock Scandinavian signed a six-year contract in Norway for fixed-wing air ambulance services in July 2019. Babcock Scandinavian Air Ambulance will be in charge of all fixed wing air ambulance operations in Norway, which will transport roughly 9,000 patients per year.
• Gama Aviation Scotland introduced Helicopter Air Ambulance Services in September 2019, helping to increase the total air ambulance base in the UK and Europe.
• MetroAtlanta Ambulance Service, a local ambulance service contracted by Bartow County Government, began responding to 9-1-1 calls in Bartow County on November 9, 2018.
• HIPPO Mobility, the UK’s first technology driven, specialized, cost effective transportation service for disabled, elderly, and non-emergency patients, was launched by Advatech Healthcare Europe in October 2020.

The ambulance services market is relatively fragmented, with a few large-scale worldwide firms and several small-scale regional competitors. They have long term contracts with medical care organizations around the world and are forming strategic alliances and collaborations with other companies in different countries to expand their business. The significant market innovations will also fuel the global industry’s growth. To strengthen their position in the ambulance services market, major firms use strategies such as collaborations, mergers, acquisitions, and the development of new products. To create technologically improved products, key market players are heavily spending in research and development activities. 

Ambulance Services Market Companies

• Acadian Ambulance Service
• America Ambulance Services Inc.
• Air Medical Group Holdings Inc.
• Air Methods Corporation
• BVG India Ltd.
• Envision Healthcare
• Falck Denmark A/S
• MEDIVIC Aviation
• London Ambulance Services NHS Trust
• Ziqitza Healthcare Ltd. 

Segments Covered in the Report

By Transport Vehicle

• Ground Ambulance
• Air Ambulance
• Water Ambulance

By Services

• Emergency Services
• Non-emergency Services

By Equipment

• Advance Life Support Ambulance Services (ALS)
• Basic Life Support Ambulance Services (BLS)

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa