Emergency medical services are the lifeline of any economy and the provision of prompt and timely medical care is the foundation of global healthcare services. An integral part of medical care are EMS vehicles that provide emergency medical aid to people in need by transporting patients to hospitals in advanced vehicles fitted with the basic medical equipment. Over the years, EMS vehicles have witnessed a surge of technological advancements that have brought in more sophistication in emergency critical care.
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Another trend in the global market for EMS vehicles pertains to the launch of driverless automobiles. The global automotive industry has witnessed the introduction of autonomous vehicles and this concept has proliferated the EMS vehicles market as well. The increasing demand for EMS vehicles across various regional healthcare markets – in both developed as well as emerging economies – has created the need to deploy autonomous EMS vehicles in the healthcare industry across the globe. By going driverless, EMS vehicles can free up the paramedical staff to focus on administering critical care without loss of time, thereby increasing the chances of survival of victims and patients. The use of drones to transport medical equipment is also seen as a revolution in the global EMS vehicles market, thereby boosting the growth in adoption and subsequently revenue share of EMS vehicles in the global market.
Rising Investments in Global Emergency Medical Services to Boost Revenue Growth of the EMS Vehicles Market
Across the world, healthcare and medical regulatory bodies are beefing up investments in structured emergency medical services to provide prompt medical aid to patients. With patient convenience and speedy and timely services being the paramount objective behind emergency medical services, healthcare organizations are deploying the necessary services and tools to cater to the needs of patients more efficiently. One of the critical components of emergency medical services are EMS vehicles, which are finding increasing use across hospitals and medical facilities worldwide. Institutions like the World Bank are extending the necessary financial support for emergency medical services across certain regions. This growing leverage on emergency medical services to facilitate critical care is driving revenue growth of the global EMS vehicles market.
Pricing Analysis of EMS Vehicles Reveals the Influence of Cost, Customization, and Compliance over Vehicle Pricing
While EMS vehicles are being manufactured in large numbers to cater to the rising demands from the global healthcare industry, the pricing structure of EMS vehicles is driven by several key factors. Cost is paramount here – prices of various components and raw materials used in the automotive sector are increasing by the day. Producer price indices for core raw materials such as plastic, aluminum, rolled steel, and resins have skyrocketed in the last 10 years, and this is anticipated to have a cascading effect on the pricing structure of EMS vehicles.
Then again, the deployment of advanced technology in the automotive sector potentially impacts the pricing structure of automobiles and vehicles such as EMS vehicles. State-of-the-art medical equipment installed in EMS vehicles boosts up costs and with healthcare institutions focusing on customization of their EMS vehicles, the price per EMS vehicle is likely to remain Northward in the coming years.
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Regulatory compliance is yet another price driver. Manufacturers of EMS vehicles are mandated to cater to the norms and standards prescribed by national traffic authorities as well as the international acts governing motor vehicle safety. These stringent regulations force manufacturers to keep the pricing structure of EMS vehicles at a high market level.
The growing number of road accidents across the world is another factor driving the increased plying of EMS vehicles on roads. Governments across developing regions such as Asia Pacific are enhancing the local emergency medical services scenario and this has led to an increasing demand for EMS vehicles across several countries in the APAC region. Also, a rapidly expanding geriatric population across the globe is leading to rising incidence of cardiovascular diseases and other age-related disorders. EMS vehicles find increasing adoption to address the medical needs of the elderly population – one of the key demographic indicators of growth in revenue of the global market for EMS vehicles.
Table of Content:
Chapter 1 Executive Summary
Chapter 2 Global EMS Vehicles Market Overview
2.2 Market Definition
2.3 Scope of the Report/Taxonomy
2.4 Opportunity Analysis in EMS Vehicles Market
2.5 Mega Trends in EMS Vehicles Market
Chapter 3 Market Dynamics
3.1 Key Growth Drivers
3.1.1 Prevalence of Cardiovascular Diseases
3.1.2 Population Growth and Aging
3.1.3 Growing Road Accidents
3.2 Key Trends
3.2.1 Support from Bike Ambulance
3.2.2 Autonomous Emergency Medical Service Vehicles
3.3 Industry Opportunity
3.3.1 Increasing Investments in Emergency Medical Services
3.4 Industry Challenges
3.4.1 Unregistered Ambulance Services
3.4.2 Ambulance Fraud
3.5 Market White Spaces Analysis and Wheel of Fortune Opportunity Analysis
Chapter 4 Associated Industry and Key Indicator Assessment
4.1 Global Automotive Industry Overview
4.1.1 Global Automotive Industry Analysis (US$ Mn and Units) and Forecast, 2011-2022
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Emergency Medical Services (EMS) Vehicles Market Forecast Report with Size, Challenges to Market Gro
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