Stratview Research has published a new report titled “Ambulance Services Market” which is segmented 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), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, the 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.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

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 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 authorized 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.

Which Region is expected to remain the largest market?

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.

Who are the Key Players in the Market?

This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Ambulance Services Market:

• 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

Key questions answered by the report.

• What is the projected CAGR for revenue from the Ambulance Services Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Ambulance Services Market?
• Which are the major market players?

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