The market of ambulance services comprises of sales of ambulance services and about the goods by the particular entities that deliver the ambulance services. This industry involves agencies that deliver the emergency admittance to healthcare in the response to emergency calls, urgent doctor admissions and emergency hospital transfers. However, the ambulance services support the transport medically incapacitated or ill patients to-and-from the hospitals to guarantee the timely health check-up and treatment by the healthcare professionals. Such services are availed by the patients openly or by the hospitals and other particular organizations.
Additionally, the favorable compensation scenario, the appearance of the new ambulance service deliver across the globe and augmenting the home healthcare are also predicted to fuel the market for the ambulance services. According to the report analysis, ‘Ambulance Services Global Market Report 2019’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the highest market share across the globe in the coming years while decreasing the value of services which further benefitted for increasing the demand and generating the value of revenue includes Acadian Ambulance Service, Inc, Air Methods Corporation, AirMed International LLC, Envision Healthcare, Falck A/S and several others.
Additionally, the augmenting the geriatric populace and increase in the prevalence of chronic diseases which majorly involves cancer and diabetes are the some other key causes held responsible for leading the requirement for the ambulance services. For instance, the obligation of the stringent regulations by the federal aviation administration (FAA) for the air ambulance may set the back the inclusive growth of ambulance services market.
The Western Europe was the leading region in the global ambulance services market, accounting for 36% of the market in 2018. The North America was the second foremost region accounting for 32% of the global ambulance services market. Meanwhile, Africa was the smallest economy in the global ambulance services market. Furthermore, the growth of this ambulance service is witnessed owing to the increasing medical tourism in regions such as India, Brazil and Thailand united with the appearance of the huge number of players for delivering the air ambulance services. Also, charges for availing the air ambulance services results in great revenue generation.
The digitalization of information linked to the patients comprising their medical history, diagnoses, medications, treatment plans, vaccination dates, allergies, radiology images, and laboratory and test outcomes is being made conceivable with the Electronic Health Records (EHRs). The EHRs augment the patient involvement, and develop the diagnostic and treatment consequences.
The significant acceptance of the EHRs by the therapeutic practitioners and healthcare centers develops the medical practice management by augmenting the practice proficiencies. It also assistances in cost savings. Therefore, in the coming years, it is anticipated that the market of ambulance services will increase across the globe over the coming decades with the huge amount of investment to make the developments in the infrastructure and technology.
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Ankur Gupta, Head Marketing & Communications