Canada Ambulance Services Market Size & Outlook, 2023-2030
Canada ambulance services market, 2018-2030 (US$M)
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Canada ambulance services market highlights
- The Canada ambulance services market generated a revenue of USD 2,028.9 million in 2023 and is expected to reach USD 2,956.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, ground ambulance was the largest revenue generating transport vehicle in 2023.
- Air Ambulance is the most lucrative transport vehicle segment registering the fastest growth during the forecast period.
Ambulance services market data book summary
| Market revenue in 2023 | USD 2,028.9 million |
| Market revenue in 2030 | USD 2,956.5 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Ground ambulance |
| Fastest growing segment | Air Ambulance |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ground Ambulance, Air Ambulance, Water Ambulance |
| Key market players worldwide | Babcock International Group PLC, London Ambulance Service, Acadian Ambulance Service, BVG Group, Global Medical Response, Air Methods, American Ambulance Service, Falck, Ziqitza Health Care, Medivic ICU Ambulance |
Other key industry trends
- In terms of revenue, Canada accounted for 4.7% of the global ambulance services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ambulance services market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 37,692.2 million by 2030.
Ground ambulance was the largest segment with a revenue share of 70.75% in 2023. Horizon Databook has segmented the Canada ambulance services market based on ground ambulance, air ambulance, water ambulance covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian ambulance services market is expected to witness the fastest growth in North America over the forecast period. The rising geriatric population, increasing government funding, and growing healthcare expenditure are factors anticipated to boost the ambulance services market in this country.
As per Canadian Institute for Health Information (CIHI), total health expenditure in Canada is anticipated to be more than USD 308 billion in 2021, representing 12.7% of Canada’s GDP. In Canada, a major part of healthcare is publicly funded, which has led to advancements in healthcare and an increase in patients undergoing treatment.
These factors contribute to growth of the ambulance services market. Furthermore, growing trauma, stroke, and heart attack incidents are expected to drive demand for ambulance services. For instance, according to the Heart and Stroke Foundation of Canada, approximately 40,000 people suffer cardiac arrest every year outside of a hospital in Canada.
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Ambulance Services Market Scope
Ambulance Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada ambulance services market size, by transport vehicle, 2018-2030 (US$M)
Canada Ambulance Services Market Outlook Share, 2023 & 2030 (US$M)
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