Global Water Ambulance Services Market Size, Share, and COVID-19 Impact Analysis, By Type of Services (Emergency Medical Services, Non-emergency Medical Services), By Payer (Public, Private, Out-of-pocket), By Equipment (Basic Life Support (BLS) Ambulance Services, Advanced Life Support (ALS) Ambulance Services), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Industry: Automotive & Transportation

RELEASE DATE Feb 2024
REPORT ID SI3694
PAGES 200
REPORT FORMAT PathSoft

Global Water Ambulance Services Market Insights Forecasts to 2033

  • The Global Water Ambulance Services Market Size was Valued at USD 5180.2 Million in 2023.
  • The Market Size is Growing at a CAGR of 5.1% from 2023 to 2033
  • The Worldwide Water Ambulance Services Market Size is Expected to Reach USD 8520.5 Million by 2033

Global Water Ambulance Services Market

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The Global Water Ambulance Services Market Size is Anticipated to Exceed USD 8520.5 Million by 2033, Growing at a CAGR of 5.1% from 2023 to 2033.

 

Market Overview

A medically equipped vehicle known as an ambulance is used to transport people to healthcare facilities such as hospitals. Generally, the patient receives out-of-hospital care during transportation. Furthermore, emergency medical services (EMS) respond to medical emergencies by using ambulances to provide critical transportation. Water ambulances are outfitted with medical equipment and personnel to provide medical treatment on the water at sea, whereas non-medically equipped and staffed ships and cruises assist in the transfer of patients and organs. Moreover, these services offer many benefits, including convenience, flexibility, and safety. The main difference is that they travel farther and faster. They are typically requested when a patient must travel long distances and needs specific medical care along the way.

 

Report Coverage

This research report categorizes the market for the global water ambulance services market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global water ambulance services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global water ambulance services market.

 

Global Water Ambulance Services Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 5180.2 Million
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:5.1%
2033 Value Projection:USD 8520.5 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:115
Segments covered:By Type of Services, By Payer, By Equipment, By Region
Companies Covered:Aeromedevac, SHM Shipcare, Falck A/S, Air Methods Corporation, Harmonie Ambulance, BVG India Limited, Babcock Scandinavian Air Ambulance, Acadian Ambulance Service, and other key companies.
Pitfalls & Challenges:Covid-19 Empact,Challenges,Growth, Analysis.

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Driving Factors

Natural disasters boost the demand for the water ambulance services market. Floods are the most common natural disaster, occurring when an excessive amount of water submerges normally dry land. According to World Health Organization (WHO) statistics, floods, droughts, tropical cyclones, heat waves, and severe storms have caused approximately 80-90% of all documented natural disasters in the last ten years. Floods cause more damage globally each year. During forecast period, the death toll has increased to more than 100 people per year. The partnership's goal is to increase public access to services like medical, police, and fire. In addition, government involvement and initiatives are driving the demand for global water ambulance services market. Also, the growing geriatric population, as well as the increasing prevalence of chronic diseases like diabetes and cancer, as well as complex medical needs, are expected to propel the global water ambulance services market forward.

 

Restraining Factors

There are some constraints and challenges that can impede market growth. Some limiting factors that may stymie market growth include the risk of medication errors by pharmaceutical professionals and lower medical reimbursement rates in developing countries.

 

Market Segmentation

The global water ambulance services market share is classified into type of services, leasing type, security type, and application

  • The non-emergency medical services segment is expected to hold the largest share of the global water ambulance services market during the forecast period.   

Based on the type of services, the global water ambulance services market is categorized into emergency medical services and non-emergency medical services. Among these, the non-emergency medical services segment is expected to hold the largest share of the water ambulance services market during the forecast period. Non-emergency services are scheduled inter-facility medical services. Non-emergency services are provided to nursing homes, hospitals, surgical centers, dialysis units, and other facilities.

 

  • The private segment is expected to hold the largest share of the global water ambulance services market during the forecast period.   

Based on the payer, the global water ambulance services market is categorized into public, private, out-of-pocket. Among these, the private segment is expected to hold the largest share of the water ambulance services market during the forecast period. Private payers offer a variety of plans that meet the government's basic requirements. This is one of the key factors driving the global water ambulance services market.

 

  • The non-asset backed security (non-ABS) segment is expected to hold the largest share of the global water ambulance services market during the forecast period.   

Based on the equipment, the global water ambulance services market is divided into basic life support (BLS) ambulance services and advanced life support (ALS) ambulance services. Among this the non-asset backed security (non-ABS) segment is expected to grow at fastest pace in the water ambulance services market during the forecast period. The factors include increased technologically advanced equipment and trained personnel, greater awareness of life support services, and a high prevalence of cardiovascular disorders. ALS is a variation of BLS that necessitates medical monitoring, drug therapy, and IV therapy in addition to adequate ventilation and an open airway. It also covers cardiac arrest scenarios.

 

Regional Segment Analysis of the Global Water Ambulance Services Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the global water ambulance services market over the predicted timeframe.

Asia Pacific is projected to hold the largest share of the global water ambulance services market over the forecast period. One of the key factors contributing to the growth of the global water ambulance services market is strong government initiatives and involvement. For example, the Odisha government announced in February 2019 the launch of a boat ambulance service to help patients reach hospitals in remote areas cut off by rivers, at a cost of more than INR 5.40 crore. The project's annual operating costs would be around INR 90 lakh. Six boat ambulances will be added to the road fleet as part of the 108 ambulance service. Meanwhile, Malkangiri has received two boat ambulances, Kendrapara has received two, and Koraput and Kalahandi have each received one.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global water ambulance services along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Aeromedevac
  • SHM Shipcare
  • Falck A/S
  • Air Methods Corporation
  • Harmonie Ambulance
  • BVG India Limited
  • Babcock Scandinavian Air Ambulance
  • Acadian Ambulance Service
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Global Water Ambulance Services market based on the below-mentioned segments: 

 

Global Water Ambulance Services Market, By Services Type

  • Emergency Medical Services
  • Non-emergency Medical Services

 

Global Water Ambulance Services Market, By Payer

  • Public
  • Private
  • Out-of-pocket

 

Global Water Ambulance Services Market, By Equipment

  • Basic Life Support (BLS) Ambulance Services
  • Advanced Life Support (ALS) Ambulance Services

 

Global Water Ambulance Services Market, By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the global water ambulance services market over the forecast period?
    The global water ambulance services market is projected to expand at a CAGR of 5.1% during the forecast period.
  • 2. What is the projected market size & growth rate of the global water ambulance services market?
    The global water ambulance services market was valued at USD 5180.2 Billion in 2023 and is projected to reach USD 8520.5 Billion by 2033, growing at a CAGR of 5.1% from 2023 to 2033.
  • 3. Which region is expected to hold the highest share in the global water ambulance services market?
    The North America region is expected to hold the highest share of the global water ambulance services market.

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