Ambulance Market

Ambulance Market Overview

The global Ambulance Market size was valued at USD 33.60 billion in 2024 and is predicted to reach USD 56.43 billion by 2030 with a CAGR of 9.0% from 2025-2030.

The drivers such as rising number of old aged population, rising number of road accidents along with increasing investment in healthcare infrastructures drive the market growth. However high operational costs high cost of ambulance services, including expenses for vehicles, medical equipment limits the growth of the market. On the contrary, integration of telemedicine in ambulances create future opportunities for the growth of the market. 

Moreover, leading competitors such as Air Methods Corporation and Phi Air Medical are undertaking different steps expanding service networks to enhance operational efficiency and patient care. The ambulance market is the increased by the demand for non-emergency medical transport services. With more chronic illness or mobility impaired patients needing ongoing medical appointments, there is an escalating need for safe and comfortable ambulance transportation.

Rising Number of Old Aged Population Boosts the Market Growth

The growing population of the elderly people driving the ambulance market trends due to a variety of interconnected factors. As the population of the elderly grows, there is an increased prevalence of age-related illnesses and mobility disorders that tend to result in medical emergencies. As per latest report of World Health Organization, 1 person in every 6 will be of age 60 or older by the year 2030. Further, the percentage of individuals above the age of 60 will also be doubled to 2.10 billion by 2050. This increased number of geriatric populations drives the demand for emergency healthcare services that is driving market growth.

The Rising Number of Road Accidents Boosts the Market Growth

Growing accident rate on the roads the boosting the ambulance market demand due to the surge in traffic accidents for raised vehicle usage, rash driving, and adverse climate conditions necessitates the demand for emergency medical care increases. 

According to the World Health Organization latest report, road traffic injuries account for the highest number of deaths among individuals between the ages of 15-29 years. This increase in the number of road accidents will accelerate the demand for ambulances driving the market growth.

Increasing Investment in Healthcare Infrastructure Drives the Market Growth

Investment in healthcare infrastructure enables the ambulance market growth of the blossoming ambulance industry. To improve emergency medical services, including expanding ambulance fleets and upgrading medical equipment, private and governmental organizations invested more resources into the healthcare infrastructure. 

Growing investment guarantees quicker and more efficient response times, increasing demand for ambulances. As per latest report released by the World Economic Forum, health spending takes up to 10% of the global economy in 2024. This boost in investment in healthcare drives the demand for ambulances since they are basic medical services in the event of any emergency.

High Cost Hinders the Market Growth

The high cost of ambulance services, including expenses for vehicles, medical equipment, and skilled staff, limits the growth of the market. These high operational costs make it challenging for providers especially in rural areas to expand their services or offer affordable transportation, hindering broader market development and access to emergency care.

Integration of Telemedicine in Ambulances Creates Future Opportunities 

The integration of telemedicine in ambulances offers a major opportunity to improve patient care during transit by allowing paramedics to connect with doctors remotely, ambulances can provide advanced pre hospital care ensuring better outcomes. Telehealth solutions can also improve decision making in emergencies and provide real time medical support. Such innovation in the market creates future opportunities for the growth of the market.

Market Segmentation and Scope of The Study

Ambulance market report is divided on the basis of transport vehicle, vehicle type, transmission type, application and end user. On the basis of transport vehicle, the market is divided into ground ambulance and air ambulance. On the basis of level of vehicle type, the market is segmented into type 1, type 2, type 3, medium-duty ambulances. On the basis of transmission type the market if bifurcated into automatic and manual. On the basis of application, the market is segmented into emergency medical services, fire ambulances and others. On the basis of distribution channel, the market is divided into OEM, aftermarket. On the basis of end user, the market is divided into hospitals, government agencies, private ambulance companies, and others. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the ambulance market share, primarily due to the results from the increased health care spendings in the countries such as U.S. and Canada. According to the report from the Centers for Medicare & Medicaid Services, the US healthcare spending increased at 7.5 percent of throughout 2023, reaching USD 4.9 trillion, that is USD 14,570 on average per the person. Such huge number in health spending drives the demand for emergency medical services fueling the growth of market in the region such as microcatheters in the US.

Moreover, rising number of chronic diseases including cardiovascular and neurovascular diseases in Canada drives the demand of emergency medical services such as ambulance in the region. As these diseases require emergency services and urgent transport of the affected ones to hospitals. According to a report by the American Heart Association, Cardiovascular disease is the second leading cause of death, accounting for 30% of annual deaths in Canada. Such increase in the number of chronic diseases fuels the demand of ambulances driving the market growth.

On the other hand, Asia-Pacific is the fastest-growing regions for the ambulance market as increase in geriatric populations in Asia in countries including Japan. With increase in geriatric populations, healthcare needs are growing and emergency medical transport constitutes an important part in the region. According to a Carnegie Endowment for International Peace report, Japan’s aged over 65-year-old population is expected to register 35% of its total population by 2040. The increasing geriatric population boosts ambulance demand for emergency healthcare, fueling further market developments.

Also, the increasing incidence of road accidents in regions including India is acting prominently to push up the demand for ambulances in the Asia-Pacific Region. The higher accidents necessitate the demand for emergency health services and prompt transfer of patients to hospitals. A recent report by the World Economic Forum said, that a yearly 1.35 million lives are lost to road accidents, with over 93% in low- and middle-income countries India. Such an incline of road accidents drives the demand for ambulances in this region and, in turn fuels the growth of the ambulance market.

Competitive Landscape

Various players in the ambulance industry includes Acadian Ambulance, Air Methods Corporation, Phi Air Medical, Yorkshire Air Ambulance, Falck A/S, Global Medical Response, Lifeguard Ambulance Service LLC, Medivic Aviation, Avincis Aviation, AMR, IAS Medical, Babcock International Group, London Ambulance Service, REVA Inc, Ziqitza Health Care Limited. These market players are opting strategies including product launches to maintain their dominance in the market.

For example, in June of 2024, PHI Air Medical grew its strategic relationship with Flight Vector to optimize operational performance and safety of air medical transport. Through this partnership, service quality and safety are anticipated to increase as it responds to changing patient and healthcare professional need.

Furthermore, in October 2023, Skyryse and Air Methods introduced the H130 helicopter, an important step towards further developing their FAA certification program. This partnership will upgrade air medical transport with advanced safety technologies and streamlined operations.

Key Benefits

• The report provides quantitative analysis and estimations of the ambulance market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of ambulance industry including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the ambulance industry is provided in the report.

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Ambulance Market Key Segments

By Transport Vehicle

• Ground Ambulance

• Air Ambulance

By Vehicle Type

• Type 1

• Type 2

• Type 3

• Medium-duty Ambulances

By Transmission Type 

• Automatic 

• Manual

By Application

• Emergency Medical Services

• Fire Ambulances

• Others

By Distribution Channel

• OEM

• Aftermarket

By End User

• Hospitals

• Government Agencies

• Private Ambulance Companies

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Acadian Ambulance

• Air Methods Corporation

• Phi Air Medical

• Yorkshire Air Ambulance

• Falck A/S

• Global Medical Response

• Medivic Pharmaceutical Pvt Ltd

• Avincis

• IAS Medical

• Babcock International Group

• London Ambulance Service

• REVA Inc

• Ziqitza Health Care Limited

• Medix Specialty Vehicles

• Skyryse, Inc.

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 33.60 Billion
Revenue Forecast in 2030	USD 56.43 Billion
Growth Rate	CAGR of 9.0% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	Rising ageing population drives the market growth. The rising number of road accidents fuels the market growth. Increasing investment in healthcare infrastructure drives the market growth.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.