Ambulance services help transport medically injured or ill patients to-and-from hospitals to ensure timely health check-up and treatment by healthcare professionals.
Ambulance Services Solving the Future Emergencies - Evolving the Way Beyond Necessity
1. Ambulance Services Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2013 - 2019
Falck A/S, Acadian Ambulance Service, Air Methods Corporation, and Rural/Metro
Corporation have been identified as key enterprises in the global ambulance services
market by Transparency Market Research (TMR) in a new report. To keep pace with
the competition prevailing in the market, the majority of these companies are seeking
long-term contracts with diagnostic labs and hospitals. Through these long-term
contacts, ambulance services providers are aiming for sustainable growth in the
market.
TMR forecasts the global ambulance services market to reach US$29.7 bn by the end
of 2019. It was valued at US$17.0 bn in 2012. The market is expected to report a
CAGR of 8.3% between 2013 and 2019.
Regionally, North America led the market in 2012 and is expected to exhibit a CAGR
of 8.7% between 2013 and 2019. With several major players domiciled in North
America, the market’s growth is expected to remain positive through the forecast
period.
By equipment type, the global ambulance services market was led by the advanced
life support segment in 2012. Due to the rising incidence of emergency cases, the
segment is expected rise at a CAGR of 8.5% between 2013 and 2019.
Demand for Ambulance Services to Increase as Number of Accidents Occurring
Worldwide Rises
The number of accidents occurring globally has risen exceptionally, necessitating
effective and prompt medical services. This has consequently created demand for
advanced ambulance services. According to a report published in the journal of
Orthopedics, Traumatology and Rehabilitation, over 1.3 million people around the
world lose their lives annually to road accidents. The study also finds that nearly 20 to
2. 50 million worldwide people suffer non-fatal injuries every year. There are few
chances of the numbers to reduce in the coming years, thus creating demand for
advanced ambulance services.
The market is also expected to gain impetus from the increasing incidence of chronic
diseases such as cancer and diabetes. The rising prevalence of these diseases will fuel
demand for ambulance services to avoid delays in reaching emergency care. Besides
this, favorable reimbursement policies, and the launch of ambulance services with
advanced medical facilities will also aid the expansion of the ambulance services
market. Additionally, the rising geriatric and disabled population is one of the key
factors boosting demand for ambulance services.
Stringent Regulations Mandating Skilled Staff Could Create Bottleneck for the
Market
Stringent regulations imposed by the Federal Aviation Administration (FAA) and other
international organizations are likely to have an adverse impact on the overall market.
Rules imposed by the FAA, for instance, mandate increased staffing of skilled medical
professionals. Such rules inflate the cost incurred per transportation, and, in turn,
reduce the profit margins of ambulance services providers. This could negatively
impact the ambulance services market in the forthcoming years.
“To counter the existing bottlenecks, ambulance service providers have been adopting
forward integration,” states a lead TMR analyst. Many of them have started providing
initial hospital care in the ambulance itself. This new practice could help critical
patients and has been thus welcomed across the globe. This could help the ambulance
services providers gain a competitive advantage in the forthcoming years.
Browse Full Research Report : http://www.transparencymarketresearch.com/ambulance-
services-industry.html
“Since, a considerably large number of companies eye long-term contracts with
renowned medical centers, the ambulance services market witnesses a high degree of
competition,” observes the TMR report’s author. However, services offered by
leading enterprises demonstrate less or no differentiation, which could lower the
competition prevailing in any state or city. TMR thus expects the overall competitive
rivalry in the global ambulance services market to remain at a medium level through
the forecast period.
3. This review is based on findings published by TMR in a report, titled “Ambulance
Services Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 - 2019.”
The report segments the global ambulance services market as:
Ambulance Services Market, by Mode of Transport
o Ground Ambulance Service
o Air Ambulance Service
o Water Ambulance Service
Ambulance Services Market, by Equipment
o Advance Life Support (ALS)
o Basic Life Support (BLS)
Ambulance Services Market, by Emergency Type
o Emergency
o Non-emergency
Ambulance Services Market, by Geography
o North America
o Europe
o Asia-Pacific
o Rest of the World (RoW)
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