Emergency ambulance vehicles market to reach $103.9b by 2033

A key driver is the increased demand for EMS amidst urban population growth and shifting demographics.

The global market for emergency ambulance vehicles is estimated to increase from $43.8b in 2023 to $103.9b by 2033 at a compound annual growth rate (CAGR) of 9.3%.

Allied Market Research said that the sector’s expansion is attributed to an increased demand for emergency medical services (EMS) amidst urban population growth and shifting demographics, particularly the ageing population.

“Older adults tend to have higher rates of medical emergencies and chronic conditions, driving the need for EMS,” the report said.

In line with this, the rising frequency and severity of health emergencies are propelling the market due to a need for prompt medical response and transportation.

Moreover, innovations in medical equipment, communication systems, and vehicle designs are further fuelling its growth.

Notable developments include telemedicine capabilities, GPS tracking, and mobile healthcare applications, which are designed to reduce response times and improve patient outcomes.