China Ambulance Services Market Size & Outlook, 2023-2030
China ambulance services market, 2018-2030 (US$M)
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China ambulance services market highlights
- The China ambulance services market generated a revenue of USD 1,909.6 million in 2023 and is expected to reach USD 4,595.2 million by 2030.
- The China market is expected to grow at a CAGR of 13.4% 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 1,909.6 million |
| Market revenue in 2030 | USD 4,595.2 million |
| Growth rate | 13.4% (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, China accounted for 4.5% 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 Asia Pacific, China ambulance services market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 859.6 million by 2030.
Ground ambulance was the largest segment with a revenue share of 80.13% in 2023. Horizon Databook has segmented the China ambulance services market based on ground ambulance, air ambulance, water ambulance covering the revenue growth of each sub-segment from 2018 to 2030.
Owing to the large population in China, the ambulance services market is expected to witness lucrative growth over the forecast period. As per the World Bank, China’s population in 2016 was 1.3 billion, 10.1% of which was over 65 years of age.
The rising geriatric population, increasing per capita healthcare expenditure, and growing prevalence of CVDs are among the factors expected to propel growth of the ambulance services market in China. Furthermore, China has developed “smart ambulances” equipped with advanced medical equipment, including Electrocardiogram (ECG) machines and ultrasound devices, to help paramedics diagnose and treat patients more quickly.
In addition, the country has been investing heavily in 5G technology, which has the potential to greatly improve emergency care. 5G can support high-speed data transfer, allowing doctors to remotely monitor and diagnose patients in real time. However, in recent years, China has been increasing its use of air ambulances to transport critically ill or injured patients to hospitals.
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Ambulance Services Market Scope
Ambulance Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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China ambulance services market size, by transport vehicle, 2018-2030 (US$M)
China Ambulance Services Market Outlook Share, 2023 & 2030 (US$M)
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