Emergency Services to dominate India Ambulance Services market through FY2027
Increase in number of hospitals and entry of new market players is expected to drive the demand for India ambulance services market for the forecast period.
According to TechSci Research report, “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) By Equipment Type (Advanced Life Support v/s Basic Life Support) By Company, By Region, Forecast & Opportunities, FY2027”, India ambulance services market is expected to witness steady growth for the next five years. Ambulance services are immediate medical response in emergency situations which require quick medical treatment and move the sick patients or badly injured patients from accident site to healthcare facilities. Rising disposable income among the middle-class families is increasing the expenditure capacity of consumers to afford quality services. Due to adoption of unhealthy lifestyle, consumer preference has changed to eat junk food, highs sugar containing food items and beverages, consumption of alcohol and smoke by the residents of the country is giving rise to a number of life-threatening diseases. These diseases require facility for availing medical services and thereby augmenting the ambulance services market growth. Old age population and increase in disease suffering patients who have lower immunity level and are easily exposed to a variety of health problems such as spinal injuries, cancer, cardiac problems, neurological disorders, among others.
Due to the ongoing pandemic COVID-19, lockdown restrictions were imposed all over the country. Government released a set of precautionary guideline and measures to fight the novel coronavirus. Huge number of people faced the initial symptoms like fever, coughing and sneezing and the requirement of availing immediate healthcare facilities was creating need to avail healthcare facilities as it is a contagious disease and can spread if exposed to people. The rising need for emergency services with life support facilities is expected to drive the ambulance services market. Focus of leading authorities to ensure presence of emergency medical technician is acting as major driver boosting the market of ambulance services in India.
However, shortage of trained medical staff to cater the needs of huge population and lack of organized ambulance services is expected to create hindrance in the growth of the ambulance services market for the forecast period.
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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. Air vehicle segment is expected to witness fastest incremental growth over the forecast period, 2022-2026. Air ambulance services comprises of helicopter, airplanes, and fixed-wing aircraft for carrying the patients from accident sites to healthcare facilities in very less time. These services are also availed during emergency times or during the occurrence of calamity hazards for immediate rescue or evacuation of patients who are critically injured and need immediate medical response. Also, air ambulance services are used in places where there is lower access of ground emergency services due to presence of uneven terrain or blockage of roads. Based on services, market is divided into emergency and non-emergency services. Emergency services segment is expected to account for major market share for the next five years. Prevalence of cardiac problems and other life-threatening diseases such as cancer, spinal injuries, stroke are responsible for the growth of this segment. Emergency services are equipped with basic life support, advanced life support, paramedics, emergency medical tourisms to cater any treatment of diseases.
Ziqitza Health Care Limited, BVG India Ltd, PS Funeral & Ambulance Services Private Limited, Panchmukhi Air & Train Ambulance Services Pvt. Ltd., EMSOS Medical Pvt. Ltd., 24*7 Medical Service, Goodmans Rescue, Falcon Emergency are the leading players operating in India ambulance services market. Service providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several ambulance service providers are coming up with their technologically advanced offerings.
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“Government and key players initiatives to provide a large number of people the access facility to avail medical services is creating lucrative opportunities for ambulance services market growth. High-end investments by major players to reduce the response time of ambulance services and equip the ambulance services vehicle with latest medical facilities and presence of trained and efficient nursing facility is expected to boost the demand for ambulance services in India until FY2027” 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) By Equipment Type (Advanced Life Support v/s Basic Life Support) By Company, By Region, Forecast & Opportunities, FY2027” has evaluated the future growth potential of India ambulance services market and provided statistics & information on market size, shares, 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 the of India ambulance services market.
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