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Global ambulance services market: $60 billion industry by 2018

Press Release   •   Aug 14, 2013 16:29 BST

The global Ambulance Services market is projected to reach US$59 billion by 2018, driven by aging population, increasing occurrences of road accidents and natural calamities and rising prevalence of critical health conditions.

Demand for ambulance services across developed and developing countries will be driven by changes in social support, increasing occurrences of road accidents and natural calamities, growing population, prevalence of critical health conditions, and growing community health awareness. Aging population in developed countries is emerging as a steady demand driver. Elderly individuals are often in need of medical and mobility assistance that cannot be provided by conventional taxi and wheelchair service providers, further underscoring the importance of trained ambulance crew and specially-designed vehicles.

Rise in traffic accidents is also spurring the need for emergency casualty transportation. Emergency medical vehicle response and patient transport systems help reduce fatalities by providing access to timely medical care at the accident site and during transportation to a healthcare facility. High prevalence of chronic diseases and critical conditions like stroke and cardiac failure is additionally creating the need for sophisticated medical attention including ambulance services. Societal and lifestyle transformations leading to obesity, alcoholism and drug abuse, among others, are also pushing demand for specialty ambulance services.

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