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Ambulance Services Market Forecast & Growth
Ambulance Services Market Size, Share, Trend, Growth, Forecast, and Industry Analysis – 2022-2028
The Ambulance Services Market size was valued at US$ 43.56 Bn in 2021 to reach US$ 84.07 Bn by 2028 and is likely to grow at a CAGR of 9.79% during the forecast period of 2022-2028.
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What are Ambulance Services?
Ambulance Services are emergency services that provide urgent pre-hospital treatment and stabilization for serious illness and injuries and transport to definitive care.
Ambulance Services are of different types, such as air ambulance, ground ambulance, and water ambulance, that are used in various modes of applications, such as hospitals, nursing homes, home healthcare settings, and others.
The prime factor that is contributing to the growth of the market is-
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Some of the major players in the market are-
By Mode of Transportation Type
The Ground Ambulance segment held the largest share of the market more than 48% in 2021 and is expected to remain dominant during the forecast period.
The market is segmented into an air ambulance, ground ambulance, and water ambulance. Ground ambulance service is considered more cost-effective, accessible, and available than air and water ambulance services, which are better suited to extreme emergencies, which is driving the growth of this segment. Ground ambulances are used to transport patients to hospitals or other destinations via road. A ground ambulance is a vehicle that has been properly maintained, equipped, and authorised to do so.
By Services Type
The Emergency Medical Services segment held the largest share of the market more than 60% in 2021 and is expected to lead the market during the forecast period.
The market is segmented into emergency medical services and non-emergency medical services. Non-emergency services provide medically necessary and pre-scheduled inter-facility services, which are the major drivers bolstering the growth of the segment.
By Payer Type
The Private Segment dominates the market during the forecast period.
The ambulance services market is segmented as public, private, and out-of-pocket. Further, private payers offer numerous types of plans to meet the basic standards specifically set by the government, which is propelling growth.
By End-Use Industry Type
The Nursing Homes Industry Segment dominates the market during the forecast period.
The ambulance services market is segmented into hospitals, nursing homes, home healthcare settings, and others. Further, the increasing number of nursing coupled with the growing adoption of ambulance services is underpinning the growth of the segment.
By Region
North America held the largest share of the market more than 46.80% in 2021 as well as the fastest-growing market for ambulance services, with the USA, Canada, and Mexico being the major countries offering lucrative growth opportunities.
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The growth of the market is driven by the growth of various end-use industries, such as hospitals, nursing homes, home healthcare settings, and others, which are generating huge demand for ambulance services and the presence of many ambulance service providers in the North American region.
Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
The market is segmented into the following categories-
By Mode of Transportation Type
By Services Type
By Payer Type
By End-Use Industry Type
By Region
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Report – Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>120 |
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Company Profiles |
10 |
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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Ambulance Services Market Features |
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Market Size in 2021 |
US$ 43.56 Billion |
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Market Size in 2028 |
US$ 84.07 Billion |
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Market Growth by 2022-2028 |
9.79% CAGR |
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Base Year of Study |
2021 |
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Trend Period |
2017-2020 |
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Forecast Period |
2022-2028 |
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Segments Covered |
By Mode of Transportation Type (Air Ambulance, Ground Ambulance, and Water Ambulance) By Services Type (Emergency Medical Services, Non-emergency Medical Services) By Payer Type (Public, Private, and Out-of-pocket) By End-Use Industry Type (Hospitals, Nursing Homes, Home Healthcare Settings, and Others) By Region (North America, Europe, Asia-Pacific, and the Rest of the World) |
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Top Companies in 2021 |
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Dominant Region |
North America region accounted for the fastest-growing market share of more than 46.80% in 2021. |
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This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
The following is a list of the customers that the market aims to convert the most:
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Company Profiling
Market Segmentation
Competitive Benchmarking
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The market size was US$ 43.56 Billion in 2021.
Ambulance Services are emergency services that provide urgent pre-hospital treatment and stabilization for serious illness and injuries and transport to definitive care. Ambulance Services are of different types, such as air ambulance, ground ambulance, and water ambulance, that are used in various modes of applications, such as hospitals, nursing homes, home healthcare settings, and others.
The market size is expected to reach an estimated value of US$ 84.07 Billion by 2028.
The market is expected to grow at a CAGR of 9.79% during the forecast period.
Some of the major players in the ambulance services market are- Acadian Ambulance Service, America Ambulance Services, Air Methods, Aeromedevac, Babcock Scandinavian Air Ambulance, BVG India Limited, Falck Danmark, Harmonie Ambulance, SHM Shipcare, Ziqitza Health Care.
North America held the largest share of the market more than 46.80% in 2021 as well as the fastest-growing market for ambulance services during the forecast period.
The prime factor that is contributing to the growth of the market is the demand for ambulance services has increased due to the increasing number of road accidents in developing regions. Increase in the number of people suffering from various chronic diseases and rise in the geriatric population. The rise in medical tourism and the availability of reimbursement policies are also expected to boost the demand for ambulance services over the forecast period.
The historic years considered for the study are 2017-2020, the base year is 2021, the estimated year is 2022, and the forecast period is 2022-2028.
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