The US Ambulance Service Market to Worth $32.19 Billion by 2029 - Exclusive Focus Insight Report by Arizton

According to Arizton's latest research report, the US ambulance service market is growing at a CAGR of 10.36% during 2024-2029.

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In 2023, the Advanced Life Support (ALS) segment dominated the market with a 68.85% share and is expected to continue its growth due to the rising need for advanced medical care during transportation. The Ground Ambulances segment, making up 48.70% of the market, is also growing steadily, offering a more affordable option than air ambulances.

The Emergency Services segment leads the market with a 77.47% share, primarily serving the elderly more prone to serious health conditions. Geographically, the Metropolitan Statistical Areas are the largest market segment, holding a 76.79% share in 2023, and are expected to grow due to the higher elderly population and disease prevalence in these areas.

The demand for ambulance services is fueled by increasing incidents of chronic diseases and road accidents. For example, the CDC reports that annually, over 795,000 people in the U.S. suffer from strokes, and around 3.4 million have epilepsy. Basic Life Support (BLS) services, accounting for 48.5% of ground ambulance claims in 2020, cater to patients who do not require advanced cardiac monitoring or respiratory interventions.

The Smart Ambulance, equipped with real-time connectivity, GPS, RFID technology, and compatibility with hospital equipment, represents the future of ambulance services, offering more efficient and accurate medical assistance.

The US ambulance services market is highly fragmented, with key players like Air Medical Group Holdings, Rural/Metro Corp, Medstar Ambulance, Acadian Medical Response, and AirEvac leading the market. These companies are investing in advanced technologies and expanding geographically to improve service delivery and response times.

Key Highlights:

• In the US, the Ambulance Service market was valued at $17.82 billion in 2023 and is expected to reach $32.19 billion by 2029, growing at a CAGR of 10.36%.
• In the US, the demand for the Ambulance Service market is rising due to multiple factors, including the rising baby boomers, the aging population, and increased healthcare expenditure.
• In 2023, the advanced life support segment dominated the Ambulance Service market with a whopping 68.85% occupancy and is expected to grow at a CAGR of 10.64% during the forecast period as there is an increased need for advanced life support ambulances across the US.
• In 2023, ground ambulances by mode of transport are contributing 48.70% of the Ambulance Service and are expected to grow at a CAGR of 9.98% during the forecast period since most people are likely to opt for ground ambulance services as the cost for air ambulances is bit higher.
• In 2023, the emergency services segment dominated the market with 77.47% and is expected to grow at a CAGR of 10.54%, as most people in the US opting for ambulance services are aged and prone to serious health conditions.

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PRODUCT SEGMENTATION & FORECAST

• By Equipment
• Advanced Life Support
• Basic Life Support
• By Mode Of Transport
• Ground Ambulance
• Air Ambulance
• Water Ambulance
• By Service
• Emergency Service
• Non-Emergency Service
• By Region
• Metropolitan Statistical Areas
• Non-Metropolitan Statistical Areas

Vendors List

• Acadian Ambulance Service
• Air Medical Group Holdings
• Rural/Metro Corporation
• Medstar
• AirEvac International
• Ambulnz
• Air Methods
• American Air Ambulance
• Royal Ambulance
• PHI Air Medical
• Falck
• Air Ambulance Worldwide
• American Medical Response
• SeniorCare EMS
• RIT Ambulance
• Metro West Ambulance
• Mohawk Ambulance Service
• McKeesport Ambulance Rescue Service
• Guardian Flight
• Apollo MedFlight
• Life Flight Network

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