Ambulance Services Market Forthcoming Developments, Growth Challenges, Opportunities 2026
The global ambulance services market size was valued at USD 22.5 billion in 2016 and is expected to grow at a CAGR of 9.1% during the forecast period. Increasing geriatric population which may result in rising incidence of chronic diseases, the entrance of new ambulance service providers, rising medical tourism, and increasing number of road accidents are the key factors driving the market growth.
Motor ambulances are found to effectively reduce response time and deliver proactive care in cases of urgent missions. Thus, healthcare companies in the ambulance services market are focusing on increasing their number of motor ambulances in various healthcare institutions. In order to answer more number of emergency phone calls, healthcare providers in the ambulance services space are employing seasoned staff that receive enough buffer to rest and recover. This has been achieved by decreasing the number of ambulance missions.
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Companies in the ambulance services market are investing to develop equipment embedded with GPS technology to help ambulance technicians achieve efficient time registration. Ambulance Services Market is anticipated to undergo transformations over the forecast period owing to the shift of trend in production economics.
