South Korea Ambulance Services Market Size & Outlook
Related Markets
South Korea ambulance services market highlights
- The South Korea ambulance services market generated a revenue of USD 459.7 million in 2023 and is expected to reach USD 1,150.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 14% 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 459.7 million |
| Market revenue in 2030 | USD 1,150.7 million |
| Growth rate | 14% (CAGR from 2024 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, South Korea 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 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 103.55% in 2023. Horizon Databook has segmented the South Korea ambulance services market based on ground ambulance, air ambulance, water ambulance covering the revenue growth of each sub-segment from 2018 to 2030.
In South Korea, there are various types of ambulances available, including BLS ambulances, ALS ambulances, and Helicopter Emergency Medical Service (HEMS) helicopters. BLS ambulances provide basic medical care, while ALS ambulances are equipped with advanced medical equipment and trained medical professionals to handle more serious medical emergencies.
HEMS helicopters are used in more remote areas or in situations where ground transportation is not possible. Government-run ambulance services in South Korea are provided by the National Emergency Medical Centre (NEMC), which operates in partnership with local governments. NEMC has a fleet of over 5,000 ambulances across the country, providing EMSs to people in need.
Korea's technology is extremely sophisticated and yet underutilized in the field of prehospital care. Although various university hospitals have modern technology for mobile and satellite communication, ambulances and Emergency Medical Technicians (EMTs) in rural or isolated areas hardly have access to these services.
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Ambulance Services Market Scope
Ambulance Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Medivic ICU Ambulance | View profile | 51-100 | https://www.medivicambulance.com/ | |
| Ziqitza Health Care | View profile | 5001-10000 | Mumbai, Maharashtra, India, Asia | http://www.zhl.org.in/ |
| Falck | View profile | 10001+ | Copenhagen, Hovedstaden, Denmark, Europe | http://www.falck.com |
| American Ambulance Service | View profile | 101-250 | Norwich, Connecticut, United States, North America | https://americanamb.com |
| BVG Group | View profile | 251-500 | Brecon, Powys, United Kingdom, Europe | https://www.bvg-group.co.uk/ |
| London Ambulance Service | View profile | 1001-5000 | London, England, United Kingdom, Europe | https://www.londonambulance.nhs.uk/ |
| Babcock International Group PLC | View profile | 26735 | 33 Wigmore Street, London, United Kingdom, W1U 1QX | https://www.babcockinternational.com |
| Global Medical Response | View profile | 10001+ | Lewisville, Texas, United States, North America | https://www.globalmedicalresponse.com |
| Acadian Ambulance Service | View profile | 5001-10000 | Lafayette, Louisiana, United States, North America | https://acadianambulance.com/ |
| Air Methods | View profile | 1001-5000 | Englewood, Colorado, United States, North America | http://airmethods.com |
South Korea ambulance services market size, by transport vehicle, 2018-2030 (US$M)
South Korea Ambulance Services Market Outlook Share, 2023 & 2030 (US$M)
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