North America Ambulance Services Market Size, Share, Industry, and Outlook (2024-2031)

North America Ambulance Services Market is segmented By Transport Vehicle (Ground, Air, Water), By Emergency Services (Emergency, Non-Emergency), By Equipment (Advance Life Support (ALS), Basic Life Support (BLS)), and By Country (US, Canada, and Rest of North America) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

North America Ambulance Services Market reached US$ 18.76 billion in 2023 and is expected to reach US$ 21.04 billion by 2031, growing at a CAGR of 11.46% during the forecast period 2024-2031.

An ambulance is a medically equipped vehicle that can transport patients to treatment facilities such as hospitals or offer out-of-hospital medical care in specific instances. Ambulance services assist in transporting medically wounded or unwell people to and from hospitals to guarantee prompt health examinations and treatment by healthcare specialists. 

These services are typically operated by trained medical professionals, such as paramedics, and emergency medical technicians (EMTs), equipped to offer pre-hospital care. Ambulances often carry life-saving equipment, including defibrillators, oxygen tanks, and emergency medication. Ambulatory services play a crucial role in the healthcare system, responding to emergency calls, performing medical interventions on-site, and ensuring patients receive timely care.

Market Scope

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Market Dynamics: Drivers & Restraints

Rising prevalence of chronic diseases  

The ambulance service industry is being driven by a year-on-year increase in the number of persons suffering from chronic diseases in North American countries. There is a growing demand for rapid emergency medical intervention as the number of heart attack cases is rising. For most racial and ethnic groups, heart disease is the main cause of death for both men and women. 

For instance, according to a report by the Centers for Disease Control and Prevention in 2024, approximately 805,000 Americans suffer a heart attack each year. Of these, 200,000 are individuals who have previously experienced a heart attack, and 605,000 are those who are experiencing their first one. One person dies every 33 seconds from cardiovascular disease. 

Coronary heart disease is the most common type of heart disease. It killed 371,506 people in 2022. Increasing emergency health conditions require ambulatory services to provide emergency services and also to reach out to hospitals for treatments. Thus, the rising number of heart attacks is expected to increase the demand for ambulatory services. 

Lack of funding 

Budgetary constraints affect a lot of ambulance services, particularly those run by local or regional governments. Inadequate funds may make it more difficult to repair ambulances, employ or retain skilled workers, or buy new equipment. 

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Market Segment Analysis

The North American ambulance services market is segmented based on transport vehicle, service type, and equipment.

The air ambulance segment is expected to dominate the market share

Air ambulances are ambulance services that provide critical transportation in the event of a medical emergency. Air ambulances are outfitted with medical equipment and personnel to provide medical treatment in flight, while non-medically equipped and staffed aircraft aid in transferring patients and organs. 

These services have several advantages, including convenience, flexibility, and safety. The introduction of new services is an important component in market expansion.

For instance, in May 2024, RevIVe Mobile Health partnered with ATI Jet to unveil new Air Ambulance Operations in El Paso. This collaboration will revolutionize North and Central America medical transport services.

Additionally, the increasing number of services provided by organizations is also expected to drive the segment’s growth by providing emergency services. 

For instance, according to the latest figures by the Cornwall Air Ambulance in August 2024, it is said that the charity served 99 emergency incidents in July. The figures come as the charity reaches the halfway point in its "Heli2 appeal" to fund a second helicopter. The numbers are released as the charity approaches the midway mark of its "Heli2 appeal" to raise funds for a second helicopter. Thus, the initiatives and the increasing services are expected to drive the segment’s growth. 

Market Segmentation

By Transport Vehicle

• Ground Ambulance
• Air Ambulance
• Water Ambulance

By Service Type

• Emergency
• Non-Emergency

By Equipment

• Advance Life Support (ALS) Ambulance Service
• Basic Life Support (BLS) Ambulance Service

Market Competitive Landscape

The major global players in the market include Global Medical Response, Inc., Air Ambulance Worldwide, Inc., Acadian Ambulance Service Inc., Life Flight Network, America Ambulance Services, Inc., Aero Med Express, Inc., Air Methods Corporation, Babcock International, PHI Air Medical and REVA, Inc. among others.

Why Purchase the Report?

• To visualize the North American ambulance services market segmentation based on transport vehicle, service type, and equipment, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of ambulance services market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The North American ambulance services market report would provide approximately 53 tables, 47 figures, and 176 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies