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 [FURL=https://www.industryarc.com/Research/Ambulance-Services-Market-Research-503930]Ambulance Services Market[/FURL] 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.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=503930[/FURL]
Key Takeaways
North America dominated the Ambulance Services Market with a share of 38% in the year 2019.
The factors such as 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 is a major factor projected to impel growth of Ambulance Services Market.
New ambulance service provides assistance for cases including trauma and heart attacks by offering various advanced medical equipment and supplies such as glucometers, defibrillators, aspirin, bandages, splints, oxygen tanks and masks, and many others are the key factors owing to the growth in the segment during forecast period 2020-2025.
Drivers – Ambulance Services Market
Rising Prevalence of COVID-19 Cases
Rising Focus on Air Ambulance while using EMS
Ambulance Services 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
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.