11630 SW 97 Street, Miami, Florida 33176, US
Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
Ambulance Services Market size is valued at $ 27.4Bn by 2019, and is anticipated to grow at a CAGR of 12.8% during the forecast period 2020-2025. The Ambulance Services Market growth rate can be attributed to increasing number of road accidents, growing geriatric population, rise in medical tourism and favorable reimbursement policies. Road accidents are rapidly increasing and such cases require immediate medical attention and ambulance services. According to WHO, approximately 1.35 million people die each year as a result of road traffic crashes. This requires the utmost actions to taken by the governmental bodies in a holistic manner for the involvement of sectors such as emergency health services that address the safety measures after any mishaps. Similarly, with increase in geriatric population, in U.S. Medicare covers ground ambulance transportation when an individual needs to be transported to a hospital, critical access hospital, or skilled nursing facility for medically necessary services, and transportation in any other vehicle could endanger the patient’s health.
Medicare covers for emergency ambulance transportation expenses in an airplane or helicopter to a hospital if the patient needs immediate and rapid ambulance transportation is available these days. Increase in cardiovascular diseases (CVDs) such as cardiac arrest, congestive heart failure, stroke, and coronary artery disease, require immediate medical attention and emergency medical facilities. Thus presence of a large geriatric population, is set to be a high impact-rendering driver for the growth of the ambulance services industry over the forecast period 2020-2025.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=503930
Report Price: Single User License ($ 4500)
Service Type- Segment Analysis
The Emergency Services segment dominated the Ambulance Services Market. This is owing to various cardiovascular diseases such as cardiac arrest, stroke, and congestive heart failure which requires utmost emergency services. Currently, ambulances are equipped with all advanced medical equipment and supplies such as glucometers, defibrillators, aspirin, bandages, splints, oxygen tanks and masks, and many others. These emergency services provide medical care at patient’s doorstep by ensuring immediate attention to severe medical conditions. The ambulance service helps with cases including trauma and heart attacks by offering various life supporting services.
Emergency Services segment is poised to grow at a rapid pace during the forecast period 2020-2025. The COVID-19 pandemic is set to contribute to the increase in overall emergency service type segmental sales with “Life Support Facilities” in the forecast period of 2020-2025. Furthermore, governmental bodies are focused to emplane other ambulances which meets the criterion for the pandemic.
Ambulance Type- Segment Analysis
On the basis of Ambulance type, Type D – Advance Life Support Ambulance (ALS) held the major share of the market in terms of revenue and is estimated to grow at a CAGR of 9.76% during the forecast period 2020-2025. The reason behind the dominance is that it is the extension of Basic Life Support Ambulance (BLS), which provides adequate ventilation and open airway, and require medical monitoring, drug therapy, IV therapy and cardiac arrest conditions. This segment is anticipated to witness rapid growth owing to rising awareness about life support services, high incidence of cardiovascular disorders, and increase in technologically advanced equipment and trained personnel. Moreover, Advance Life Support Ambulances can be attributed to the next level of emergency care services and includes a set of life-saving skills and protocols for patients requiring the need of higher level of care during transport such as a patient on cardiac monitor, potential airway-compromised patient, and obstetrical patients.
By Geography – Segment Analysis
North America dominated the Ambulance Services Market with a share of 38% in 2019. The reason behind the dominance of Ambulance Service in this region is owing to the burgeoning cases of cardiovascular conditions such as stroke, cardiac arrest, and congestive heart failure is set to spur the ambulance services demand in the region. According to CDC and U.S. Department of Health and Human Services, it was reported that amongst the 15 leading causes of death in the year 2017 in the U.S. the mortality chart was leaded by Heart Disease followed by Cerebrovascular Diseases (stroke). However, Asia-Pacific region is estimated to grow at a fast CAGR during the forecast period 2020-2025 owing to the growing cases road accidents, improvements in healthcare facilities as both of the cases requires Emergency Medical Services. Moreover, government spending on development of healthcare infrastructure is increasing along with rapid expansion in medical tourism owing to affordable medical facilities are anticipated to create many growth opportunities for the Ambulance Services Market in the region.
Additionally, it is estimated that the global Ambulance Service Market can grow owing to the COVID-19 outbreak which requires Emergency Medical Service and Advance Life Support Ambulances.
Talk to one of our sales representative about the full report by providing your details in the link below: https://www.industryarc.com/support.php?id=503930
Drivers – Ambulance Services Market
With the rise in the COVID-19 outbreak in the various countries, there have been an increase in the demand of EMS with “Life Support Facilities” which can be estimated to drive of the Ambulance Services Market. There are two types of ambulances – ALS (with ventilators) and BLS (without ventilators) to diagnose, treat or prevent serious, life threatening conditions. Furthermore, governmental bodies are focused to emplane other ambulances with Emergency Medical Technician (EMT) which meets the criterion for the pandemic acting as a key driver of the market during the forecast period 2020-2025.
There have been continuous innovations introduced by various companies which has led to the rising demand for helicopter air ambulance service and drone based EMS for rescue services as well as for organ or blood transportation. Factors like increase in security concerns, avoiding the ground traffic, coupled with rising demand for fixed- wing aerial ambulances to cover long distance medical missions is poised to boost the market growth in the forecast period 2020-2025. Furthermore, the current market trend is focused on the development of passenger drones which is to contribute the air ambulance growth market.
Challenges – Ambulance Services Market
The major challenge for the market is the lack in organized ambulance services and trained staffs in case of modern ground EMS equipped with all advanced medical equipment and supplies and trained pilots for air ambulance services which can affect the revenue generation of the Ambulance Service Market in the forecast period 2020-2025.
Partnerships/Product Launches
Key Takeaways
Ambulance Services Industry Outlook
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Ambulance Services Market. In 2019, Ambulance Services Market share is fragmented by the top ten players present in the market. Ambulance Services Market top 10 companies are London Ambulance Service NHS Trust, REVA Inc., Acadian Ambulance Service, PHI Air Medical, BVG India Limited, America Ambulance Services Inc., Falck A/S, Air Medical Group Holdings Inc., Air Methods Corporation, Ziqitza Healthcare Limited and others.
Related Reports:
A. Air Ambulance Services Market
https://www.industryarc.com/Research/Air-Ambulance-Services-Market-Research-503829
B. Healthcare Transportation Services Market
About IndustryARC : IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
For exclusive content regarding the latest trends in the world of Press Release distribution.
