Ambulance Services Market Size, Share, Growth, Trends, and Global Industry Analysis: By Transport (Air, Water, and Ground), By Equipment (Advanced Life Support, and Basic Life Support), By Services (Emergency Services, and Non-emergency), By Fuel Type (Diesel, Gasoline, and Electric vehicles), Region Forecast 2019-2030

Ambulance Services Market size was valued at US$ 41,982.4 million in 2023 and is projected to grow at 10.1% CAGR from 2024 – 2030. The ambulance service is also known as emergency medical services (EMS) or paramedic services, it is a service that provides urgent medical care and transportation to patients in need, they also provide pre-hospital treatment and stabilization for serious injuries & illnesses and they can also administer emergency medical interventions like wound care, fracture immobilization, and vital sign monitoring. The key drivers of the market are rising rates of traumatic accidents, the growing geriatric population as they are more prone to long-term conditions including diabetes, heart disease, and obesity the lack of primary care physicians and clinics, which increases dependency on emergency services, increase rates of chronic disease epidemics. The market faces several restraints including a lack of trained and experienced personnel which can lead to delays in treatments, traffic congestion during emergencies, shortage of trained healthcare professionals and regulatory restrictions on the kind of vehicles, materials, and services offered by ambulance.

For instance, need for a specific emergency vehicle operator course certificate (EVOC) for all ambulance drivers. Developing new technology integration as ambulances are increasingly being equipped with telemedicine capabilities which enable real-time communication between ambulance workers and distant medical professionals this technology enables early intervention and improved care coordination while on their way to the hospital, adoption of GPS tracking and digital mapping systems for improving efficiency and effectiveness, growing demand for specialized services for paediatric and geriatric patients provides opportunities for the market. The emerging trends of the market are the growing need for specialised ambulance services that are tailored to patient demographics and medical issues which covers critical care transport, newborn transport, bariatric transport, and mental health crisis response units, and increase in demand for electric and hybrid ambulance models as people grow increasingly concerned about sustainability and reducing carbon emissions.

Ambulance Services Market Key Developments

• In April 2023, Crestline Coach Ltd. announced the expansion of 30,000 square feet to its Saskatoon manufacturing facility. The building of the facility signifies the end of a corporate endeavour to expand the supply of EMS/Fire-based ambulances in North America.
• In May 2022, with several investors in Ziqitza Health Care Limited, the top private enterprise in India for emergency medical response and transportation (Life Support Ambulance Service), MUrgency Group signed formal share purchase agreements.