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According to the latest report by IMARC Group “Ambulance Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global ambulance services market size reached US$ 49.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.89% during 2023-2028.
Ambulance services, also called paramedic services, are a critical component of emergency medical facilities that help transport injured or ill patients for immediate medical attention and treatment by healthcare professionals. These services are equipped with Advanced Life Support (ALS) and Basic Life Support (BLS) tools to handle patients facing medical or trauma-related emergencies. As a result, ambulance services are used by patients either directly or through hospitals and other organizations to manage patients with various medical needs across the globe.
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Market Trends:
The global ambulance services market is primarily driven by the significant expansion of the healthcare industry. Moreover, the rising number of road accidents, natural disasters, and medical emergencies that require immediate attention is contributing to the market growth. Additionally, the escalating need for ambulance services for scheduled and unscheduled non-emergency and emergency situations due to the rising geriatric population has catalyzed the market growth. Besides this, the introduction of multi-specialty ambulances, equipped with advanced equipment and tools to offer quick and high-quality patient care, is contributing to market growth. Furthermore, the shifting preferences of healthcare centers toward air ambulance services for the safe and efficient transportation of patients with infectious diseases and critical conditions is propelling market growth. Other factors, including favorable government policies promoting public health, rising medical tourism, and significant improvements in healthcare infrastructure, are also anticipated to create a positive market outlook.
Breakup by Transport Vehicle:
Breakup by Emergency Services:
Breakup by Equipment:
Market Breakup by Region:
Competitive Landscape with Key Player:
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