Asia-Pacific Ambulance Services Market

Asia-Pacific Ambulance Services Market

The Asia-Pacific ambulance services market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% 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 oftne carry life-saving equipment, inculdng 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 Dynamics: Drivers

Increasing number of road accidents

The rising number of traffic accidents is the major reason propelling the Asia-Pacific ambulance services market in the forecast period. According to the World Health Organization (WHO) road accidents is one of the major reason for fatalities globally, accounting for nearly 1.2 million deaths annually, and nearly 92% of them occur in low-and middle income countries. Ambulance services are essential to provide care to the injured personal and they are required to transport the patient to hopsital to provide the advanced care.

The ambulances are well-equipped with the life-supporting equipment, that support patient while trasiting from the site of accident to the healthcare facility. Asia-Pacific comprises of the most populous countries in the world such as India, China, Pakistan etc. The implement of traffic rule is ambiguous in these countries, especially in India and Pakistan. The incidence of road accidents, and road-kills are more in these countries.

For instance, according to India’s Ministry of Road Transport and Highway annual report, there are a total of 4,61,312 road accidents reported in the Indian states and union territories in the year 2022. Among these 1,68,491 lives and caused injuries to 4,43,366 persons. This marks an increase of 11.9% in accidents, 9.4% in fatalities, and 15.3% in injuries compared to the previous year.

Moreover, the rising incidence of chronic conditions especially with the aging population rises the demand for ambulance services in the region. Asia-Pacific is the fastest growing region in terms of old-age demographic, who are at risk of injuries, age-related conditions etc, which need immediate medical attention.

Restraints

The limited access to healthcare facilities may restrain the market in the forecast period. Several rural areas may not have proper access to hospitals or emergency care centers, which causes the operation of ambulance services difficult. Moreover, resources limitations such as shortage of ambulances, lack of trained professionals may further restrain the market growth.

Segment Analysis

The Asia-Pacific ambulance services market is segmented based on transport type, service type, equipment, and country.

The ground in the transport type segment accounted for approximately 85.30% of the Asia-Pacific ambulance services market share.

Among various types of transport, ground ambulances are widely used in the Asia-Pacific region. Several countries in the region such as China, India, Indonesia, Pakistan, and Japan which are densly populated, road-ways seem to be the reliable mode of transport. Ground ambulances can navigate through city streets and rural areas more effectively than water or air ambulances, making them indispensable for reaching a larger population quickly.

The availability of water ambulances is only limited to areas which are surrounded by water, or for the incidents that happen on the water. Whereas as the air-ambulances are only used when the patient is critically ill and requires immediate attention, or when transporting through ground ambulance is not possible furthermore, the availability of landing zones for air ambulances is limited. The factor of cost also plays a crucial role while chosing the mode of transport. Ground ambulances offer a cheap mode of trasport, while water and air ambulances are often expensive.

There are only few air ambulance operators in the Asia-Pacific region, even in the well devoloped countries such as China, Japan, South Korea and Malaysia. Hence, ground ambulances remain the predominant choice in sian countries.

Geographical Analysis

China is expected to dominate the market with a 31.3% share in the Asia-Pacific ambulance services Market

China is expected to dominate the Asia-Pacific ambulance services market due to its greater population and higher investment in the the emergency medical services. China is the second largest country in the world in terms of population, and has approximately 1.42 billion people in 2023. This growing population is majorly dominated by the oldage demographic who need medical attention frequently. According to the World Health Organization (WHO), the population over 60 years in China is projected to reach 28% of total population by 2040, accounting for 402 million.

Moroever, China is known for its higher investments in the healthcare industry as compared to other Asian countries. As per the recent statistics provided by the The World Bank Group, the total healthexpenditure percentage from the GDP is 5.59 as of 2020 and the GDP of 17.96 trillions in 2022. As per DataM estimates, the healthcare expenditure in China by 2022 would account for 1.1 trillion, which is far higher than any other Asian countries.

These are the major factors which are expected to countribute to the China’s dominance in the Asia-Pacific ambulance services market.

Market Segmentation

By Transport Type
• Ground
• Air
• Water

By Service Type
• Emergency Service
• Non-Emergency Service

By Equipment
• Basic Life Support Ambulances
• Advanced Life Support Ambulances
• Critical Care Ambulances

By Country
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Competitive Landscape

The major players in the ambulance services market include Falck A/S, BVG India Ltd., ZIQITZA HEALTHCARE LIMITED., RED.Health., AirAmbulance1, First Ambulance Services Sdn Bhd, St. John Ambulance of Malaysia, Apollo Hospitals Enterprise Ltd., TELL Japan and Shanghai East International Medical Center among others.

Why Purchase the Report??
• To visualize the Asia-Pacific ambulance services market segmentation based on transport type, service type, equipment and country 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 Asia-Pacific ambulance services market report would provide approximately 39 tables, 25 figures, and 187 Pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies