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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