US Ambulance Services Market Report 2024: Poised for Expansion, Advanced Life Support Segment Leads - Forecasts to 2029

News provided by

Feb 13, 2024, 14:30 ET

DUBLIN, Feb. 13, 2024 /PRNewswire/ -- The "US Ambulance Services Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.

New analytics highlight a projected significant increase in value, with a compound annual growth rate (CAGR) of 10.36% anticipated from 2023 to 2029. This growth underscores the essential role of Ambulance Services in the healthcare ecosystem and the expanding need for emergency medical services.

Influential market drivers include the escalating demand from an aging population, notably the baby boomer generation, and a corresponding rise in healthcare spending region-wide. The advanced life support segment currently dominates the market, holding a considerable 68.85% share in 2023, and is expected to surge at a CAGR of 10.64%. This trend points to a burgeoning requirement for advanced life-saving interventions during medical emergencies.

Ground Ambulance Services Set the Pace in Mode of Transport

The mode of transport segment of ground ambulances accounted for 48.70% of the market in 2023, with expectations for a CAGR of 9.98% over the forecast period. Ground ambulance services remain the preferred option for their cost-effectiveness compared to their aerial counterparts.

Emergency Services Maintain Majority Market Share

With 77.47% occupancy in 2023, the emergency services segment continues to lead amidst rising incidences requiring urgent medical care. The observed trend is projected to climb with a CAGR of 10.54%, indicating an ongoing need for rapid response and critical care services.

Metropolitan Statistical Areas: Pivotal Players in Market Growth

Metropolitan Statistical Areas represented a dominant share of 76.79% in 2023, with projections set at a CAGR of 10.48% through 2029. These areas, with their higher percentages of elderly populations, are becoming key regions driving the demand for ambulance services.

Comprehensive Report Highlights and Structure

The report provides insights into product segmentation and forecast, market structure, and dynamics—offering a panoramic view of competitive landscapes and key vendors operating in the market. The study also, crucially, sheds light on the evolving nature of ambulance services and how healthcare providers are adapting to the changing needs of the population.

Vendor Insights

Notable providers of Ambulance Services in the US are foundational to this market's ecosystem. Acadian Ambulance Service, Air Medical Group Holdings, Rural/Metro Corporation, and other leading companies are embracing innovative strategies to address the escalating demand for efficient and rapid medical transportation.

Key Questions Answered

Projected market value of the US Ambulance Service by 2029
Growth drivers shaping the US Ambulance Service market
Leading segments in the US Ambulance Service market

MARKET STRUCTURE

Market Dynamics
Competitive Landscape of Ambulance Services Market
Key Vendors
Other Prominent Vendors

VENDORS LIST

Acadian Ambulance Service
Air Medical Group Holdings
Rural/Metro Corporation
Medstar
AirEvac International
Ambulnz
Air Methods
American Air Ambulance
Royal Ambulance
PHI Air Medical
Falck
Air Ambulance Worldwide
American Medical Response
SeniorCare EMS
RIT Ambulance
Metro West Ambulance
Mohawk Ambulance Service
McKeesport Ambulance Rescue Service
Guardian Flight
Apollo MedFlight
Life Flight Network

PRODUCT SEGMENTATION & FORECAST

By Equipment

Advanced Life Support
Basic Life Support

By Mode Of Transport

Ground Ambulance
Air Ambulance
Water Ambulance

By Service

Emergency Service
Non-Emergency Service

By Region

Metropolitan Statistical Areas
Non-Metropolitan Statistical Areas

For more information about this report visit https://www.researchandmarkets.com/r/ru0080

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets