Saudi Arabia Ambulance Services Market Size & Outlook
Saudi Arabia ambulance services market, 2018-2030 (US$M)
Related Markets
Saudi Arabia ambulance services market highlights
- The Saudi Arabia ambulance services market generated a revenue of USD 383.3 million in 2023 and is expected to reach USD 559.3 million by 2030.
- The Saudi Arabia 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 383.3 million |
| Market revenue in 2030 | USD 559.3 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, Saudi Arabia accounted for 0.9% 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 Middle East & Africa, South Africa ambulance services market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 312.0 million by 2030.
Ground ambulance was the largest segment with a revenue share of 71.59% in 2023. Horizon Databook has segmented the Saudi Arabia ambulance services market based on ground ambulance, air ambulance, water ambulance covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing healthcare expenditure is driving growth of the ambulance services market in Saudi Arabia. Public health services are entirely funded by the government and, thus, are free of charge for citizens in the country. Moreover, most of the healthcare expenditure is publicly funded, and healthcare infrastructure in the country is developing rapidly.
This may, in turn, lead to growth of the ambulance services market in the country. In addition, the privatization of public hospitals is creating significant growth opportunities for key players. Privatization of public hospitals may result in the development of healthcare infrastructure, and hospitals may collaborate with various ambulance service providers to offer better services to patients.
Such factors are likely to bolster the ambulance services market in Saudi Arabia. In November 2022, Saudi Response Plus Medical (RPM), a part of the UAE-centered Response Plus Holding, has unveiled a dedicated ambulance center and medical training center in Riyadh. Saudi RPM intends to invest in 50 extra ambulances in the Kingdom’s healthcare sector in the coming year.
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Ambulance Services Market Scope
Ambulance Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia ambulance services market size, by transport vehicle, 2018-2030 (US$M)
Saudi Arabia Ambulance Services Market Outlook Share, 2023 & 2030 (US$M)
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