India Ambulance Services Market to Grow with a CAGR of 5.12% through 2028
Rising prevalence of
chronic diseases and expansion of healthcare industry is expected to drive the
India ambulance services market during the forecast period 2024-2028.
According to TechSci Research report, “India Ambulance Services
Market - Global Industry Size, Share, Trends, Competition, Opportunity,
and Forecast, 2018-2028F”, the India Ambulance Services Market stood
at USD 1502.78 million in 2022 and is anticipated to grow with a CAGR of 5.12%
in the forecast period 2024-2028.
The major
factors driving the growth of India Ambulance Services Market include rising
prevalence of chronic diseases, increase in road accidents, technological
advancement, and growing number of hospitals. Additionally, the rise in
the number of deaths that happened due to road accidents is creating the need
for quick medical treatment. Also, the government policies boost the healthcare
industry and reimbursement plans for availing healthcare services. The major
segment holds for cardiovascular diseases comprising of cardiac arrest,
coronary artery disease, heart failure, and stroke usually requires immediate
medical attention.
Ambulances
are employed basically in two situations. Firstly, it is used in emergency
cases such as in accidents, cardiac attacks, and sudden trauma situations.
Secondly, they are used in non-emergency ambulance services that are provided
to patients, in cases such as transporting patients from their home to hospital
and vice- versa, delivering the mother and baby home from the hospital or the
maternity clinics, etc.
Browse over 19 market data Figures and 2 market data Tables spread
through 82 Pages and an in-depth TOC on "India Ambulance Services Market"
The India Ambulance Services Market is segmented into Transport Vehicle,
Services, Service Operators, Equipment Type, Region, and Company.
Based on
transport vehicle, the market is segmented into ground, and air. In 2022, the
ground segment holds the major revenue share i.e., 65.58%. Over the projected
period, this segment is also expected to increase at a healthy rate. This is
due to the increase in cases of road accidents and rate of surgeries in the
country, are expected to bolster the growth of the market.
Based on
services, the market is classified into following categories: emergency
and non-emergency. With a market share of 61.95% in 2022, the emergency segment
is dominating the India Ambulance Services Market. This is due to the
conditions occurred from traumatic accidents and thus, leads to the growth of
the market.
Based on
service operators, the market is segmented into hospital-based service,
government ambulance service, private ambulance service, and others (Third
Party Ambulance, etc.). In terms of revenue share in 2022, hospital-based
service segment dominated the India Ambulance Services market, followed by
government ambulance services due to the largest number of ambulance services
and medical assistance in emergency cases.
The leading
companies operating in the India Ambulance Services Market are:
- Ziqitza
Health Care Limited
- Stanplus
Technologies Private Limited
- Medulance
Healthcare Private Limited
- Air Rescuers
Worldwide Private Limited
- Panchmukhi
Air & Train Ambulance Services Pvt. Ltd.
- EMSOS Medical
Pvt. Ltd.
- AmbiPalm
Health Private Limited
- Goodmans
Healthcare Services Pvt. Ltd.
- BVG India
Limited
- Falcon
Emergency
- EMRI Green
Health Services
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“India
Ambulance Services Market will see a robust growth during the forecast period
of 2024-2028. The market for Ambulance Services is expected to develop due to
rising prevalence of chronic diseases, increase in medical tourism in India and
appropriate medical conditions for further treatment of the patients. The India
ambulance services market has also been fueled by advancements in technology,
treatments, and tourism.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India
Ambulance Services Market, By Transport Vehicle (Ground v/s Air), By Services
(Emergency v/s Non-Emergency), By Service Operators (Hospital Based Service,
Private Ambulance Service, Government Ambulance Service, Others (Third Party
Ambulance, etc.), By Equipment Type (Advanced Life Support v/s Basic Life
Support), By Company, By Region, Forecast & Opportunities, 2028F”, has
evaluated the
future growth potential of India Ambulance Services Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Ambulance Services Market.
Contact
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