The India Ambulance Services Market is expected to witness an impressive growth during the forecast period. This can be attributed to the growing incidences and prevalence of communicable and non-communicable diseases in the country. For instance, cardiovascular diseases such as stroke, congestive heart failure, cardiac arrest, coronary artery diseases, and others require immediate emergency medical services and medical attention.
In India, over 10.5 million deaths occur every year. Out of which, about 20.3% of deaths in men and 16.9% of death in women were recorded due to cardiovascular diseases (CVDs). Moreover, the increasing incidents of road accidents in the country are expected to bolster the growth of the market. In 2022, about 1,55,622 deaths and 59.7% fatalities due to road accidents were recorded in India.
The growing prevalence of life-threatening diseases such as diabetes, cancer, cardiovascular diseases, neurological disorders, among others is expected to increase the patient pool requiring treatment, hospitalization and ambulance services. Also, the growing aging population in the country which is more susceptible to different types of chronic diseases and injuries has significantly increased, in-turn requiring more ambulance services in India.
Similarly, 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. This, in turn, is anticipated to positively influence the market growth in the coming years. 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.
In terms of region, the West India region is expected to register the fastest growth during the forecast period with a CAGR of 6.14%. This can be ascribed to the growing demand for ambulance services in the region. West region includes the highly populated states like Maharashtra, Gujarat, Rajasthan, etc. which have a large pool of population suffering from different diseases. During COVID-19 pandemic, the situation in Maharashtra was critical comparative to other regions. Maharashtra was the hotspot for COVID-19 incidence. Also, in other states such as Gujarat, Rajasthan, etc. the condition was highly worsened which created the need of more ambulances and highlighted the need to improvise the ambulance services in the region.
Blade India, Accretion Aviation, Air Charter Services Pvt. Ltd., Apollo Hospital Enterprise, Ltd., Air Rescuers World Wide Pvt Ltd, Flaps Aviation Pvt. Ltd., Medanta Group, Vedanta Air Ambulance, AmbiPalm, EMSOS, StanPlus are some of the leading players operating in the India Air Ambulance Services Market.
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