Ambulance Services Market Size, Share & Trends Analysis Report By Transport Vehicle (Ground, Water, Air), By Emergency Services (Emergency, Non-emergency), By Equipment, By Region, And Segment Forecasts, 2021 - 2028
Ambulance Services Market Growth & Trends
The global ambulance services market size is expected to reach USD 67.7 billion by 2028. The market is expected to expand at a CAGR of 9.6% from 2021 to 2028. Rising medical tourism and an increasing number of road accidents and CVD cases are the key driving factors for the market.
The growth of the market is due to favorable reimbursement policies in developed nations. In the U.S., Medicare covers both non-emergency and emergency ambulance services for medically necessary cases, if the supplier fulfills stipulated requirements. In some circumstances, Medicare also covers unscheduled and irregular non-emergency trips. Medicare covers 80.0% of the approved amount for emergency medical services and the remaining 20.0% is covered by the supplemental insurance policy of the patient. In New Jersey, Pennsylvania, and South Carolina, for repetitive, non-emergency trips, patients need prior authorization from Medicare Administrative Contractor (MAC). However, Medicare does not pay for ambulates (wheelchair-accessible vans that provide non-emergency transportation services).
In Victoria, Australia, patients can avail of emergency medical services by securing membership with Ambulance Victoria, which offers emergency medical services at subsidized prices.Ambulance Tasmania provides free emergency medical services to residents of Tasmania.
Residents of Queensland (Australia) are covered with the cost of emergency services across Australia, by the QLD state government. Similarly, in the U.K., the public healthcare system provides free emergency and non-emergency medical services. In addition, patients receive NHS funding for their treatment. In Germany, public health insurance (Gesetzliche Krankenversicherung) is compulsory for every citizen and this insurance also covers non-emergency and emergency medical services. Private health insurance (Private Krankenversicherung) is usually opted by those who have high yearly income. Ease of payment through reimbursement policies encourages patients to opt for emergency medical services more frequently, which is likely to bolster the growth of the market.
Ambulance Services Market Report Highlights • In terms of revenue, the ground ambulance segment held the largest share in 2020. The rising number of road accidents and increasing COVID-19 cases across the globe are major factors propelling segment growth • The emergency services segment held the largest market share in 2020 and is expected to grow fast over the forecast period due to the increasing number of CVDs • The Advanced Life Support (ALS) ambulance services segment held the largest market share in 2020. The growth of the segment is majorly driven by the increasing medical tourism across the globe • In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising number of COVID-19 cases in the region
Our reports have been used by over 10K customers, including:
KEY FINDINGS The global peripheral artery disease market is projected to grow at a CAGR of 10.35% during the forecast period, 2021-2028. The market growth is propelled by technological advancements in treatment, increasing geriatric population, healthcare infrastructure, and improving reimbursement and insurance policies...
216 pages •
By Global Industry Analysts
• Apr 2021
- The global Continuous Renal Replacement Therapy (CRRT) market is projected to reach US$1.5 billion by 2025, driven by the growing incidence of acute kidney injury (AKI) and the resulting rise in hemodynamically unstable patients. Few of the factors leading to AKI include sudden blockage of urine due to enlarged...
280 pages •
By Prescient & Strategic Intelligence Private Limited
• Mar 2021
Precision Medicine Market Research Report: By Type (Therapeutics, Diagnostics, Personalized Medical Care) - Global Industry Analysis and Growth Forecast to 2030
In July 2019, U.S. president Donald Trump decided to bring down the prices of drugs in the country to make them equal or similar to the international rates....
The global Enterprise Asset Management (EAM) market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period, to reach USD 5.5 billion by 2026 from USD 3.3 billion in 2020. Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global...
Apple a day: Many operators will likely engage in mergers and acquisitions to achieve economies of scale Abstract Healthcare and Social Assistance in the US The Healthcare and Social Assistance sector has steadily grown over the past five years. The majority of services offered by subsectors in the...
X-ray Detector Market Report Overview X-ray Detector market size outlook report provides comprehensive coverage of market landscape including strategic growth areas, unique insights, and major trends across X-ray Detector market types and applications. It is a focused study on X-ray Detector market space including global and regional eight-year...
KEY FINDINGS The Asia-Pacific biosurgery market is anticipated to record a CAGR of 7.46% during the forecast period, 2021-2028. The surging aging population and numerous lifestyle conditions raise the demand for biosurgery products, which boosts market growth. MARKET INSIGHTS Indonesia, Australia...
Sick note: Growing demand for industry services post COVID-19 lockdowns boosts revenue Abstract General Practice Medical Services in Australia Industry firms and practitioners primarily provide general practice medical services. This report covers the scope, size, disposition and growth of the...
Slow recovery: Subdivision revenue is expected to grow despite COVID-19 limiting services Abstract Health Services in Australia The Health Services subdivision includes entities that primarily provide direct treatment to patients or perform auxiliary services in support of treatment. Health services...
Private Health Insurance
Medical Facilities Revenue
Health Insurance Coverage
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.