Ambulance Services Market Size to Grow by $ 7.77 bn through 2020-2024

The ambulance services market is expected to grow by $ 7.77 bn, accelerating at a CAGR of almost 5% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report

Ambulance Services Market: Segmentation by Type

This report provides a detailed analysis of the market by Type (Emergency and Non-emergency) and Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Ambulance Services Market to Grow by Close to USD 8 Billion through 2020-2024  

Ambulance Services Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Acadian Ambulance Service Inc., Air Methods Corp., America Ambulance Services Inc., Babcock International Group PLC, BVG India Limited, Falck AS, Global Medical Response Inc., Netcare ltd., PHI Inc., and Priority Ambulance LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Technavio has been monitoring the Global Ambulance Services Market and it is expected to grow by USD 7.77 billion accelerating at a CAGR of over 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Ambulance Services Market to Grow by Close to USD 8 Billion through 2020-2024  

Ambulance Services Market: Increasing number of road accidents to drive growth

One of the primary factors that will trigger the growth of the ambulance services market size is the increase in the number of road accidents. The rising number of vehicles on the roads and roads being the primary mode of transportation has resulted in high road accident injuries and fatalities. The rise in the number of road accidents can be attributed to human errors such as speeding, drunken driving, and not following traffic and driving rules. Quick ambulance services  are essential as a delay in treatment of the injured person can result in fatality or patients may lose their limbs due to serious injuries. Hence, with an increasing number of road accidents, the demand for ambulance services will also grow. 

North America was the largest ambulance services market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Increasing road accidents, the rising demand for air ambulance services, the growing geriatric population, and the availability of favorable reimbursement policies will significantly drive ambulance services market growth in this region over the forecast period.

Ambulance Services Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Acadian Ambulance Service Inc., Air Methods Corp., America Ambulance Services Inc., Babcock International Group PLC, BVG India Limited, Falck AS, Global Medical Response Inc., Netcare ltd., PHI Inc., and Priority Ambulance LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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