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Global Ambulance Services Market to Reach $50.9 Billion by 2026

A critical part of every well-prepared public health and healthcare system is the ambulance services sector. Ambulance services are a critical link between health care and disaster management systems as they offer pre-hospital care for people injured in disasters and also transport to tertiary health care facilities. With global health spending per capita poised to grow from US$ 1,500 to over 2,000 by 2040, opportunities for emergency care services is high. Also, aging population and high prevalence of ambulatory care sensitive conditions (ACSCs) in aged over 65+ emerges as an opportunity for ambulance services. Rising number of road accidents; focus on medical preparedness for natural disasters; favorable reimbursement scenario; and technology innovations are the other factors driving up demand for ambulance services. With governments still battling tough financial conditions, public-private partnerships (PPP) for ambulance services will grow in importance in the coming years. Ambulance services play a critical role in the Covid-19 response system. The effect of Covid-19 on delivery of healthcare through digital solutions is significant and continues to expand rapidly with the use of telemedicine as a central strategy to tackle Covid-19 patient surge. This in turn created robust demand for ambulance-based telemedicine.

Amid the COVID-19 crisis, the global market for Ambulance Services estimated at US$38.7 Billion in the year 2022, is projected to reach a revised size of US$50.9 Billion by 2026, growing at a CAGR of 7.1% over the analysis period. Emergency Services, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$41.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Emergency Services segment is readjusted to a revised 6.3% CAGR for the next 7-year period. Emergency ambulances services comprise of ambulances with life support equipment and staffed with emergency medical technicians (EMTs) and paramedics to provide immediate medical care to injured or ill patients. Non-emergency ambulance services, also known as interfacility transport or specialty care transport offered mostly by private ambulance companies are most often used for non-emergency patients, who can reach the doctor even within 2 hours, without causing any fatal effects on the patient.

The U.S. Market is Estimated at $17 Billion in 2022, While China is Forecast to Reach $4.3 Billion by 2026

The Ambulance Services market in the U.S. is estimated at US$17 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2026 trailing a CAGR of 8.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.

Ambulance Drones, a Game Changer in the Ambulance Industry

The increasing miniaturization of medical devices facilitates the compact design of lifesaving medical aids such as Cardiopulmonary Resuscitation (CPR), Automated External Defibrillator (AED), and other medication that can be transported by a drone. Accelerating the speed of emergency response can be crucial in preventing deaths in the event of emergencies such as trauma, drowning or respiratory issues. Nearly 800,000 individuals are known to suffer an episode of cardiac arrest each year in the EU alone. However, the rate of survival is estimated at 8% among this population. This relatively low rate of survival is mainly caused by the lack of access to appropriate care in the first 10 minutes since suffering the condition. Of the several ongoing efforts to improve access to care for cardiac arrest patients, the ambulance drone designed by students at the Faculty of Industry Design Engineering from TU Delft, stands out. The innovative prototype identifies the location of a cardiac arrest patient by tracking the location of a caller`s phone using GPS. The unmanned drone would deliver an AED to bystanders, while also guiding them to administer the procedure effectively with the use of livestream audio as well as video connection, linked to emergency personnel. With receiving appropriate medical care in the early minutes being vital for survival in patients of cardiac arrest, the drone is designed to reduce response times for cardiac emergencies. The drone prototype is capable of reaching patients within a minute, covering a distance of 12 square kilometers at a top speed of 100 km/h. The novel drone is yet to be tested outside the laboratory on real patients to conclusively determine its ability to save lives in real scenarios.

Another notable example of similar efforts underway, Drone Delivery Canada (DDC) partnered with Peel Regional Paramedic Services to test the efficacy and response times of unmanned drones in delivering AEDs in comparison with traditional ambulance delivery. In South Korea, state-run Korea National Park Service (KNPS) recently announced plans to deploy 32 ambulance drones by 2020, to deliver emergency medical supplies at 16 national mountain parks spread across the country. The first-aid drone carries an AED, and uses GPS technology to locate victims. Nearly US$1.75 million of funds have been allocated for the development of the first-aid drones. With countries such as the Netherlands contemplating favorable legislation in the light of the technology`s ability to assist in timely, medical intervention, ambulance drones represent a game changer in the ambulance industry. The ambulance drone can extend the existing emergency infrastructure by employing a network of UAVs that are capable of delivering medical supplies.