Yahoo Finance United States Ambulance Services Market Insights Report, 2023-2024 and Forecasts to 2029: Metropolitan Areas Command US Ambulance Service Market, Projected Growth at 10.48% CAGR
US Ambulance Services Market
Dublin, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The "US Ambulance Services Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The ambulance service market in the United States is experiencing significant growth, with its value projected to increase from $17.82 billion in 2023 to a CAGR of 10.36% from 2023 to 2029.
In the US, the demand for the Ambulance Service market is rising due to multiple factors, including the rising baby boomers, the aging population, and increased healthcare expenditure. In 2023, the advanced life support segment dominated the Ambulance Service market with a whopping 68.85% occupancy and is expected to grow at a CAGR of 10.64% during the forecast period as there is an increased need for advanced life support ambulances across the US.
The revenue generated from ambulance services in the US is rising steadily. Diabetes, an increasing aging population, obesity, other chronic diseases, and road accidents are key factors that contribute to the rising demand in the US. For instance, in 2018, there were approximately 52 million people aged 65 and above, which is projected to become about 95 million by 2060 in the US. As the elderly are more prone to diseases, it is expected that the need for ambulance services will be even more during the forecast period.
In 2023, ground ambulances by mode of transport are contributing 48.70% of the Ambulance Service and are expected to grow at a CAGR of 9.98% during the forecast period since most people are likely to opt for ground ambulance services as the cost for air ambulances is bit higher.
In 2023, the emergency services segment dominated the market with 77.47% and is expected to grow at a CAGR of 10.54%, as most people in the US opting for ambulance services are aged and prone to serious health conditions.
In 2023, the metropolitan statistical areas dominated the market by occupying 76.79% of the market share and are expected to grow at a CAGR of 10.48% during the forecast period due to a significant increase in the percentage of the elderly population in this region.
Key Attributes:
Report Attribute | Details |
No. of Pages | 76 |
Forecast Period | 2023 - 2029 |
Estimated Market Value (USD) in 2023 | $17.82 Billion |
Forecasted Market Value (USD) by 2029 | $32.19 Billion |
Compound Annual Growth Rate | 10.3% |
Regions Covered | United States |
MARKET STRUCTURE
Market Dynamics
Competitive Landscape of Ambulance Services Market
Key Vendors
Other Prominent Vendors
VENDORS LIST
Acadian Ambulance Service
Air Medical Group Holdings
Rural/Metro Corporation
Medstar
AirEvac International
Ambulnz
Air Methods
American Air Ambulance
Royal Ambulance
PHI Air Medical
Falck
Air Ambulance Worldwide
American Medical Response
SeniorCare EMS
RIT Ambulance
Metro West Ambulance
Mohawk Ambulance Service
McKeesport Ambulance Rescue Service
Guardian Flight
Apollo MedFlight
Life Flight Network
PRODUCT SEGMENTATION & FORECAST
By Equipment
Advanced Life Support
Basic Life Support
By Mode Of Transport
Ground Ambulance
Air Ambulance
Water Ambulance
By Service
Emergency Service
Non-Emergency Service
By Region
Metropolitan Statistical Areas
Non-Metropolitan Statistical Areas
For more information about this report visit https://www.researchandmarkets.com/r/ave6oc
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
