About Ambulance-
An ambulance is a vehicle used to transport people who are sick or injured. Most ambulances are either trucks with space for patients or cargo vans with raised roofs. Ambulances usually take patients to a hospital. Specially trained people called emergency medical technicians, or EMTs, ride in ambulances. They give sick or injured people emergency medical care before they reach the hospital. Ambulances have many types of equipment that are used to move and to treat patients. Equipment for moving patients includes stretchers and cots with wheels. An ambulance’s medical equipment helps to treat breathing problems, heart attacks, broken bones, and burns right away. The demand for advanced life support medical machine in ambulance service and improving healthcare facilities is expanding the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.02% |
Competition among existing players is due to the ambulance market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for ambulance Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Ambulance- market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Braun Industries (United States), Crestline Coach Ltd. (Canada), Demers (Canada), Lenco Armored Vehicles (United States), Marque Inc. (United Kingdom), Daimler Vans USA (United States), American Emergency Vehicle (United States), Excellance, Inc. (United States), Frazer, Ltd. (United States), Leader Industries Inc. (India), Babcock International Group PLC (United Kingdom) and Life Line Emergency Vehicles (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Road Rescue (United States), Taylor Made Ambulance (United States), Wheeled Coach Industries, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Ambulance- market by Type (Advance Life Support (ALS) Ambulance, Basic Life Support (BLS) Ambulance, Mortuary Ambulance, Neonatal Ambulance, Patient Transfer Ambulance and Others) and Region.
On the basis of geography, the market of Ambulance- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mode of Transport, the sub-segment i.e. Air Ambulance will boost the Ambulance- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Specialty Hospital will boost the Ambulance- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The surge in remote healthcare solutions. and Growing healthcare awareness and accessibility.
Market Growth Drivers:
The rising occurrence of accidents, natural disasters, and medical emergencies is leading to high demand for ambulance. and The increasing incidence of chronic disease and the need for medical attention
Challenges:
Lack of staff and resources. and Poor road infrastructure.
Restraints:
The high cost of ambulance services.
Opportunities:
Advancement in telemedicine technology.
Market Leaders and their expansionary development strategies
In January 2024, LifeLine Ambulance Service, has announced the acquisition of Liberty Ambulance Service, expanding its operations in the Los Angeles and Orange Counties communities. The integration of the two services will result in a stronger and broader network of ambulances, highly trained EMS professionals, and cutting-edge technology.
In June 2023, Apollo Multispecialty Hospitals launched a 5G-connected ambulance to provide enhanced healthcare to patient in emergency situations. The custom designed, 5G connected ambulance is equipped with the latest medical equipment, patient monitoring applications, and telemetry devices that transmit the patients’ health data to hospital with low latency.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.