30 April 2020
Visiongain has launched a new pharma report Ambulance Services Market Report 2020-2030: Forecasts by Transport Vehicle (Ground Ambulance Services, Water Ambulance Services, Air Ambulance Services), Emergency Services (Emergency Ambulance Services, Non-emergency Ambulance Services), Equipment ((Advance Life Support Ambulance Services (ALS), Basic Life Support Ambulance Services (BLS)), and Geography (North America, Latin America, Europe, Asia Pacific, MEA).
The global ambulance services market is anticipated to grow at a lucrative CAGR of xxx% and anticipated to reach USD xxx billion by 2020. Visiongain anticipates that the market is projected to grow on account of the growing number of road accidents coupled with the rising global geriatric population.
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The number of road traffic deaths continues to rise steadily, reaching 1.35 million in 2016. However, the rate of death relative to the size of the world’s population has remained constant. When considered in the context of the increasing global population and rapid motorization that has taken place over the same period, this suggests that existing road safety efforts may have mitigated the situation from getting worse. Visiongain anticipates that a growing number of road accidents will offer lucrative revenue generation opportunities for the global ambulance services market players.
As healthcare costs have skyrocketed, there has been widespread recognition that Americans see a poor return on their healthcare dollars in terms of quality of care. The national push for lower-cost, higher-quality healthcare gained momentum with the passage of the Patient Protection and Affordable Care Act (ACA) in 2010. The ACA puts hospitals in the hot seat by financially penalizing them for patient readmissions. This has far-reaching implications for the ambulance service industry and many other healthcare industries.
North America held the majority of market share in the year 2019 owing to the presence of developed healthcare infrastructure coupled with rising demand for high-quality healthcare facilities. Furthermore, the regional market growth is attributed to the presence of major players across the region, and governments’ focus on providing quality and value-based care to its citizens.
Asia Pacific region is expected to experience the highest growth in terms of CAGR over the forecast period owing to the growing number of road accidents across economies like India and China. Additionally, unmet needs of patients and untapped nations in this region have been attracting investments by global players and this is expected to boost the Ambulance Services Market growth over the forecast period.
The healthcare sector across the Indian region is growing at a rapid pace owing to the involvement of global players in the development of advanced healthcare infrastructure. The region has partnered with American Medical Response and Global Medical Response which is anticipated to boost the regional market growth over the forecast period.
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations, and launching new products to strengthen their position in the global market. Companies are also expanding their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the Ambulance Services Market.
For instance, on 13th March 2020; Global Medical Response (GMR) announced a new multi-year agreement with Blue Cross and Blue Shield of Texas (BCBSTX). This agreement provides the more than six million BCBSTX members with in-network access to GMR’s life-saving emergency air medical transports. This in-network contract with GMR, the largest provider of emergent air medical services in Texas, covers all 254 Texas counties and includes services provided by AeroCare (operated by Med-Trans Corporation), Air Evac Lifeteam, Methodist AirCare (operated by Air Evac Lifeteam and REACH Air Medical), Houston County and Southeast Texas Air Rescue (operated by Air Evac Lifeteam), REACH Air Medical, and Air Med Response. Also, AirMed International will be in-network and provide non-emergent services for BCBSTX members.
The comprehensive market report features companies such as Air Medical Group Holdings Inc., Air Methods Corporation, America Ambulance Services, Inc., Acadian Ambulance Service, BVG India Limited, Falck A/S, London Ambulance Service NHS Trust, Ziqitza Healthcare Limited, Dutch Health B.V., Envision Healthcare Corporation, Lufttransport AS, Scandinavian Air Ambulance among other prominent players. Also the research study offers market estimation and forecast for the period ranging 2020-2030 for global markets such as North America, Latin America, Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Russia, India, Japan, China, Australia, ASEAN, GCC and South Africa.
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