US Ambulance Services Market Insights Forecasts to 2033

• The US Ambulance Services Market Size was valued at USD 18.81 Billion in 2023.
• The Market Size is Growing at a CAGR of 10.86 % from 2023 to 2033
• The US Ambulance Services Market Size is Expected to reach USD 52.72 Billion by 2033

The US Ambulance Services Market is anticipated to exceed USD 52.72 Billion by 2033, Growing at a CAGR of 10.86 % from 2023 to 2033.  

Market Overview

An ambulance service is used to transport people who are sick or injured. Patients who use ambulance services have the promise to receive timely medical attention and care. Ambulance services can help prevent the patient's condition from getting worse by administering first aid and stabilizing it. To provide patients with the best care possible, ambulance services deliver them to the location using specialized water, ground, and air vehicles. These services are integrated and linked with networks of communication and transportation, hospitals, trauma centers, and rehabilitation centers. The aging population, an increase in medical tourism, a surge in traffic accidents, and favorable reimbursement policies are all driving factors in the expansion of the worldwide ambulance services market. Road accidents are becoming increasingly frequent, requiring ambulance services in addition to emergency medical care. The World Health Organization (WHO) predicts that traffic accidents claim the lives of almost 1.35 million people annually. Government agencies must take the most thorough action necessary to address this, involving departments like emergency health services that deal with safety protocols in the event of an emergency.   

Report Coverage

This research report categorizes the market for the US ambulance services market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the US ambulance services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the US ambulance services market.

Driving Factors

Favorable reimbursement laws, new ambulance service providers, an increase in medical tourism, an increase in traffic accidents, and an aging population are all contributing to the market’s rapid rise. In addition, the industry is known for its high degree of innovation, and throughout the course of the projection period, the adoption of cutting-edge technology is expected to be a major development driver. Additionally, the advent of multi-specialty ambulances, which are equipped with cutting-edge instruments and equipment to provide patients with prompt, high-quality care, is another significant growing factor.  

Restraining Factors

The effective delivery of ambulance services can be hampered by factors including traffic congestion, isolated and rural locations with poor accessibility, and a scarcity of medical professionals with the necessary training. Additionally, the absence of sufficient resources and infrastructure restrains the growth of the ambulance services market.  

Market Segmentation

The US ambulance services market share is classified into transport vehicle, emergency services, and equipment.

• The ground ambulance segment is expected to hold the highest market share through the forecast period.   

The US ambulance services market is segmented by transport vehicle into ground ambulance, air ambulance, and water ambulance. Among these, the ground ambulance segment is expected to hold the highest market share through the forecast period The ground ambulance segment due to the adaptability and accessibility of efficient and comfortable transportation. In addition, ground ambulances can provide care on-site in addition to transportation, reducing the need to transfer the patient from their original location to a hospital.

• The emergency services segment dominates the market with the largest share over the predicted period.

The US ambulance services market is segmented by emergency services into emergency services and non-emergency services. Among these, the emergency services segment dominates the market with the largest share over the predicted period. The fastest growth in this segment is projected to occur over the projection period, mostly due to an aging population and an increase in the number of crises resulting from cardiovascular illnesses, chronic diseases, and other medical concerns.

• The advance life support ambulance services (ALS) segment is expected to hold the largest share of the US ambulance services market during the forecast period.       

Based on the equipment, the US ambulance services market is divided into advance life support ambulance services (ALS) and basic life support ambulance services (BLS). Among these, the advance life support ambulance services (ALS) segment is expected to hold the largest share of the US ambulance services market during the forecast period. Advance medical technology in advanced care ambulances allows qualified paramedics to carry out difficult treatments including intravenous medicine administration and endotracheal intubation. This makes it possible for them to offer prompt, thorough care right there.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the US ambulance services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Acadian Ambulance Service
• American Air Ambulance
• Air Medical Group Holdings, Inc. (Amgh)
• American Medical Response
• Rural/Metro Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2023, the assets of St. Landry EMS were declared to be acquired by Acadian Ambulance Service. Through this transaction, Hub City and Central Louisiana's services were improved by the addition of four units and 35–40 personnel.

Market Segment

This study forecasts revenue at the United States, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the US ambulance services market based on the below-mentioned segments:

US Ambulance Services Market, By Transport Vehicle

• Ground Ambulance
• Air Ambulance
• Water Ambulance

US Ambulance Services Market, By Emergency Services

• Emergency Services
• Non-emergency Services

US Ambulance Services Market, By Equipment

• Advance Life Support Ambulance Services (ALS)