Ambulance Services Market COVID-19 Impact Analysis, Trends, Business Growth & Forecast 2020-2026
Selbyville, Delaware, United States, November 4 2020 (Wiredrelease) Global Market Insights, Inc –:Ambulance Services Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
The ambulance services market is likely to witness considerable growth prospects owing to recurring incidences of disease outbreaks and the increasing frequency of road accidents. Over years, the number of workplace disasters has also increased which gives rise to industrial safety concerns thereby creating the need for efficient and reliable healthcare facilities supported by a robust ambulance network.
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Statistics claim that the European Union has recorded as many as 3,552 workplace accidents in 2017 with around 20 percent occurring alone in the construction sector. Almost three quarters of these fatal accidents are noted to have caused wounds, dislocations, sprains, and superficial injuries, which throws light on the increasing need for emergency healthcare services.
The ongoing SARS-Cov-2 pandemic and its daily casualties are yet another alarm for the deployment of prompt healthcare and ambulance services amid the globally changing health scenario. Several instances of disease outbreaks in the past have highlighted the significance of timely ambulance services for deployment of proper medical treatment and the well-being of affected people especially the aging population. According to a study by the All India Institute of Medical Sciences, as many as 28 per cent of the patients do not get access to quality emergency healthcare services due to the non-availability of ambulances.
As per the latest research conducted by GMI Inc., the ambulance services market is estimated to surpass the USD 50 billion mark by 2026.
The ambulance services market has a widespread end-use spectrum which includes nursing homes, hospitals, home healthcare settings, and others. It has been recorded that home healthcare settings prove beneficial to individuals as they help to improve the patient’s condition through home environment and greater independence. In 2019, the home healthcare settings segment accounted for up to 35 per cent of the total share in the ambulance services market.
Based on the services segment, the market is bifurcated into emergency medical services and non-emergency medical services. Of these two, emergency ambulance services form a crucial part of the spectrum as it provides immediate medical care to people in need. As per 2019 statistics, the emergency services segment has registered a valuation of around USD 18 billion.
The ambulance services market is also segmented on the basis of mode of transportation which comprises air ambulance, ground ambulance, and water ambulance services. The water ambulance services play a key role to access remote areas surrounded by water bodies.
According to studies, North America has registered a 35 per cent share in the global ambulance services market in 2019. The air ambulance was introduced in the U.S. in 1972 before which ambulance services in the region were provided only through road transport.
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Considering the payer perspective, the ambulance services market is divided into public, private, and out-of-pocket. As per the latest research, the public payer segment is expected to witness a CAGR of 0.4% over 2020-2026. Over the years, developing countries have been struggling to bridge the quality gap in healthcare between urban and rural areas. A difference has also been registered between the public and private sector healthcare services, which is a favorable opportunity to propel the demand of ambulance services.
Major players in the ambulance services market comprise Acadian Ambulance Service, Falck Danmark, Babcock Scandinavian Air Ambulance, Air Methods, BVG India Limited, Ziqitza Health Care, and others, that are focused on the deployment of efficient and reliable ambulance services.
Partial Chapter of the Table of Content
Chapter 4. Ambulance Services Market, By Mode of Transportation
4.1. Key segment trends
4.2. Air ambulance
4.2.1. Market size, by region, 2015 – 2026 (USD Million)
4.3. Ground ambulance
4.3.1. Market size, by region, 2015 – 2026 (USD Million)
4.4. Water ambulance
4.4.1. Market size, by region, 2015 – 2026 (USD Million)
Chapter 5. Ambulance Services Market, By Services
5.1. Key segment trends
5.2. Emergency medical services
5.2.1. Market size, by region, 2015 – 2026
5.3. Non-emergency medical services
5.3.1. Market size, by region, 2015 – 2026
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