Mexico Ambulance Services Market Size & Outlook, 2023-2030
Mexico ambulance services market, 2018-2030 (US$M)
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Mexico ambulance services market highlights
- The Mexico ambulance services market generated a revenue of USD 473.1 million in 2023 and is expected to reach USD 767.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.2% 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 473.1 million |
| Market revenue in 2030 | USD 767.7 million |
| Growth rate | 7.2% (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, Mexico accounted for 1.1% 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 Latin America, Brazil ambulance services market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 415.5 million by 2030.
Ground ambulance was the largest segment with a revenue share of 95.12% in 2023. Horizon Databook has segmented the Mexico ambulance services market based on ground ambulance, air ambulance, water ambulance covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico’s ambulance services market is expected to witness high growth over the forecast period owing to a rise in the number of road accidents, an increase in the number of homicide cases, and a growing prevalence of drug overdose in the country.
As per the International Institute for Strategic Studies’ Armed Conflict Survey of 2017, Mexico had the second-highest number of homicides in 2016 among countries considered in the “Armed Conflict” survey. Moreover, as per the 2016 International Narcotics Control Strategy Report (INCSR), Mexico is at the forefront of the transit of narcotics such as cocaine and heroin and is a source country for heroin, marijuana, & methamphetamine, which is sold in the U.S.
Manufacturing and usage of drugs in Mexico may also lead to many accidents and drug overdose cases. Mexico has made significant advancements in ambulance services, with several factors contributing to this growth, including technological developments.
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Ambulance Services Market Scope
Ambulance Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico ambulance services market size, by transport vehicle, 2018-2030 (US$M)
Mexico Ambulance Services Market Outlook Share, 2023 & 2030 (US$M)
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