India Ambulance Services market stood
at USD1502.78 million in 2022 is expected to grow at a significant rate of
5.12% CAGR during the forecast period 2024-2028. Increase in number
of road accidents thereby require immediate medical support/services. The Ministry
of Road Transport and Highways Transport, Government of India stated that the
frequency of road accidents is increasing day by day due to reckless driving,
drunk driving or any other reason. Also, the rise in number of deaths happened
due to road accidents is creating the need for the availability of quick
medical treatment. Supportive government policies to boost the healthcare
industry and reimbursement plans for availing healthcare services are two
factors fueling the growth of the market. Rise in medical tourism and
development of infrastructure for healthcare facilities is accelerating the
ambulance services market demand. Cardiovascular diseases comprising of cardiac
arrest, coronary artery disease, heart failure and stroke usually requires
immediate medical attention and treatment as it is a leading cause of death and
such situations are expected to bolster the growth of the market.
Additionally, the advanced life
support services segment is expected to account for major market share for the
forecast period. Increase in number of road accidents and prevalence of
cardiovascular diseases among consumers is supporting the growth of the market.
Rise in awareness about life support services and presence of trained
healthcare professionals to tackle any healthcare problems are the other
significantly contributing factors for high demand of ambulance services for
the next five years.
Rising
Prevalence of Chronic Diseases
The
prevalence in number of chronic diseases like cardiovascular diseases,
surgeries, trauma, and injuries etc. require urgent emergency services for the
care and treatment of patient. In India,
non-communicable diseases accounts for 53% of all deaths and 44 % of
disability-adjusted life-years, lost. India is considered a home to more than a
sixth of the world’s population and has been witnessing rapid epidemiological
transition i.e, a shift towards chronic non-communicable diseases along with
socio-economic development. According to Department of Biotechnology,
Government of India, India has the highest number of people with Diabetes in
the world at around 77 million, which is a data expected to have a projection
of 134 million by 2045, as per International Diabetes Federation. India experiences
premature death as a result of cardiovascular disease, which causes one-fourth
of all fatalities. The increasing prevalence of diseases and accidents have
significantly increased the number of people requiring immediate treatment and
transportation to hospitals, thereby supporting the market growth for
ambulances in India.
Increase
in the Number of Road Accidents
Generally,
the increase in number of road accidents leads to many injuries and deaths. For
instance, according to the Times of India, two wheelers accounted for maximum
fatal road accidents (69,240 deaths), contributing 44.5% of total road
accidental deaths, followed by cars and trucks/lorries in 2021.
Additionally, the rise in the adoption of commercial and personal vehicles has
led to an increase in the number of road accidents incidence in the country,
resulting in creating the requirement for emergency hospital admissions for urgent
medical care and assistance. According to the data from the National Crime
Records Bureau (NCRB), a total of 4,03,116 road accident cases were reported in
2021, which is an increase from 3,54,796, in 2020. This, in turn, is
anticipated to positively influence the market growth in the coming years.
Increase
Technological Advancement
Rapid advancements in research and development
(R&D) activities are propelling the growth of the market. The new technology-based
programmes are developed that provides specific medical services and care in
emergency. Major companies
are developing advanced technologies and launching new services to stay
competitive in the market. For instance, in 2021, JCBL developed
with reliability and advantages, which is fully equipped with all the
facilities that a basic mobile medical unit may need, including a PA system,
oxygen cylinders, emergency stretchers, and an operating table, complete with
all necessary medical supplies.
In
2020, Ziqitza Healthcare Ltd (ZHL), Asia’s largest emergency medical service
provider company and one of the fastest-growing holistic healthcare solution
platforms in India, introduced Ambulance Subscription services for corporates
and large business units under the Corporate Wellness product extension,
recently in India.
In
September 2020, Karnataka, India, launched the country’s first integrated air
ambulance service, a collaboration between the International Critical Air Transfer
Team (ICATT) and the Kyathi.
Rising
Development in Hospital Facilities &
Infrastructure
The
improving healthcare infrastructure across India will increase the number of
hospital establishments across the country, which in turn will increase the demand
for ambulance services. Every hospital has either their own ambulance or
ambulance services in collaboration with any service provider. Additionally,
the Indian government is continuously investing in upgrading the existing
hospitals' infrastructure and establishing new hospitals in the country. For
instance, in 2019, the NITI Aayog announced that India will have 2,500 new
hospitals in the next five years. Similarly, on March 26th, 2022, the Delhi
government announced that it would be upgrading 15 hospitals and building 4 new
hospital facilities in Delhi. Also, in August 2022, the Delhi State Health
Department announced that Delhi will soon have 11 new hospitals adding more
than 10,000 beds to the health infrastructure of the city. Hence, these factors
show the growth of the market at an impressive rate in the coming years.
Rise
in Medical Tourism in India
India
is one of the potential countries for medical tourism, on account of affordable
treatment costs, availability of skilled healthcare professionals, lesser wait
times, etc. The increasing medical tourism has further created significant
demands for air ambulance services also. According to the Minister of State
for Civil Aviation (VK Singh), India has only 49 air ambulance operated by 19 operators.
Out of these 49, Delhi has 39 air ambulances, followed by Maharashtra with
5. However, this number is set to increase in the coming years due to
growth in medical tourism, thereby creating new prospects for the market
growth. The increase in medical tourism has also led to the emergence of
various new players in the market offering ambulance services and has also made
the existing ones improve their services and cost offerings. This, in turn, is
expected to create lucrative opportunities for the growth of ambulance services
market in the coming years, within India.
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Market Segmentation
India
ambulance services market is segmented into transport vehicle, services,
service operators, equipment type, regional distribution, and company. Based on transport vehicle,
market is further bifurcated into ground and air. Based on services, market is
further segmented into emergency and non-emergency. Based on service operators,
the market is segmented into hospital-based service, private ambulance service,
government ambulance service, and others. Based on equipment type, the market
is segmented into advanced life support and basic life support.
Market Players
The major players 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 and others.
Attribute
|
Details
|
Market Size in 2022
|
USD 1502.78 Million
|
Market Size in 2028
|
USD 2037.29 Million
|
Growth Rate
|
5.12%
|
Base Year
|
2022
|
Historic Data
|
2018 – 2022
|
Estimated Year
|
2023
|
Forecast Period
|
2024 – 2028
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments covered
|
Transport Vehicle
Service
Service Operators
Equipment Type
Region
Company
|
Country scope
|
North, South, East, West
|
Key companies profiled
|
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.
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, India Ambulance
Services market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
·
India Ambulance Services Market, By
Transport Vehicle:
o Ground
o Air
·
India Ambulance Services Market, By
Services:
o Emergency
o Non-Emergency
·
India Ambulance Services Market, By
Service Operators:
o Hospital
Based Service
o Private
Ambulance Service
o Government
Ambulance Service
o Others
·
India Ambulance Services Market, By
Equipment Type:
o Advanced
Life Support
o Basic
Life Support
·
India Ambulance Services Market,
By Region:
o
North
o
South
o
East
o
West
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India ambulance services market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
·
Detailed
analysis and profiling of additional market players (up to five).
India ambulance services
market is an upcoming report to be released soon. If you wish an early delivery
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