Market revenue in 2023 | USD 20,668.0 million |
Market revenue in 2030 | USD 40,648.7 million |
Growth rate | 10.1% (CAGR from 2023 to 2030) |
Largest segment | Ground ambulance |
Fastest growing segment | Air Ambulance |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
Ground ambulance was the largest segment with a revenue share of 65.05% in 2023. Horizon Databook has segmented the North America ambulance services market based on ground ambulance, air ambulance, water ambulance covering the revenue growth of each sub-segment from 2018 to 2030.
North America held the largest share of the ambulance services market in 2021. The largest share held by the market can be attributed to factors such as the presence of several key market players in this region, growing demand for high-quality healthcare services, and well-established healthcare infrastructure.
Emphasis of the U.S. healthcare system on quality of care and value-based services has led to a favorable environment for the ambulance services market. Furthermore, favorable reimbursement policies & regulatory reforms are projected to drive the entire market.
For instance, in the U.S., Medicare covers both nonemergency and emergency ambulance services, provided they are considered medically critical, and the provider fulfills Medicare ambulance regulations. In addition, the emergence of community paramedicine in North America has also contributed to the large market size of this region.
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