Here are factors driving the global ambulance services market

One key trend includes the rising adoption of air ambulance services in developing countries.

The global market for ambulance services is expected to grow by $13.74b at an estimated compound annual growth rate (CAGR) of over 6.79% until 2028, according to a Technavio report.

It revealed that the market is witnessing notable growth amidst the rising demand for emergency medical services, whilst being driven by an increasing number of accident and trauma cases, and an ageing population with chronic diseases.

Moreover, increasing income levels, healthcare awareness, private healthcare investments, and government initiatives in rural areas further influence market growth, with emerging economies such as India and China offering business expansion opportunities due to low manufacturing and labour costs.

“Government and private organisations are investing in expanding and improving emergency medical services to ensure timely and effective care for patients,” The report said.

Meanwhile, the market witnesses a trend towards technological advancements, including telemedicine and remote monitoring, to allow faster response times and improved care amidst a growing demand for emergency medical services.

Furthermore, air ambulance services serve as a key trend fuelling market growth.

“Helicopter air ambulances (HAAs) transport patients directly from accident sites or residences to healthcare establishments, saving time and extending medical care. During natural disasters, air ambulances reach affected areas faster than road ambulances,” The report added.

In line with this, ambulance fleet management systems adoption, as well as artificial intelligence (AI) and machine learning algorithms integration are additional trends poised to shape the market’s landscape in the forecast period.