Global Ambulance Services Market to Hit $33.0 billion in 2020: Growth Analysis

Zion Market Research has published a new report titled “Ambulance Services Market by Mode of Transport (Ground, Air and Water), by Equipment (Advance Life Service and Basic Life Service), by Service (Emergency and Non-Emergency): Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to the report, global demand for ambulance services was valued at USD 21.0 billion in 2014, and is expected to reach USD 33.0 billion in 2020, growing at a CAGR of 7.9% between 2015 and 2020.

Ambulance service is a one of the important service provided to the injured or medically ill patients by carrying them to the concern hospital or medical centers. Ambulance service serves different services such as pre-hospital patient care, rescue services, emergency services, injured or serious patient treatment services. This service result as a boon in various situations for the injured person across the globe.

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Based on mode of transport, ambulance services market is segmented into ground ambulance services, air ambulance services and water ambulance services. Among all, ground ambulance service was a leading segment that accounted for more than 79% share of the market in 2014. Further, it is expected to continue this trend during the forecast period. Ground service is followed by air and water ambulance services.

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Advanced life support and basic life service are the key equipments of the ambulance service market. Advanced life support dominated market by more than 60% share in the year 2014 and it is predicted to continue this trend during the years to come. Based on service, emergency is the foremost service segment that leads by 70% shares of the entire market in 2014.

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With the largest share, North America was a leading regional market for ambulance services in 2014. U.S. is largest revenue generator for the ambulance services market in North America. Europe was second largest region that accounted around 20% share of the entire market in 2014. Asia Pacific is expected to have strong growth due to emerging economies such as India and China during estimated period.

Some of the key player operative in global ambulance services market includes Air Methods Corporation, Dutch Health BV, Envision Healthcare Corporation, Falck A/S, London Ambulance Service NHS Trust, and Rural/Metro Corporation.

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