Ambulance Service Market in India
Market Size and Growth Forecast of Ambulance Services market
In 2019, the ambulance services market in India was valued at $392.17 million.
Due to the growing demand for emergency medical services and the covid 19 situation, the market for ambulance services has been growing drastically in India.
In 2020 the India Ambulance Service Market was valued at $409.6 million, and it is expected to increase and reach around $427.9 million by 2026.
During the period of 2020-2026, the India Ambulance Service Market is expected to grow at an approximate CAGR of 4.45%.
Market Trends
1. Increase in Investments
TATA Motors funding 85% for Arctic white winger ambulance in 2020.
StanPlus a five years old startup with 130 own and 2800 via partnership ambulance was dealing with the market. Due to covid 19 and a huge amount of demand for ambulance service the company planning to invest for 3000 more ambulance.
In 2020, Maharashtra Government invest INR 900 Crore to buy a new 500 Ambulance.
2. Increase Technological Advancement
In 2021, JCBL developed with reliability and high utility in mind, which is fully equipped with all the facilities that a basic mobile medical unit may need, including a PA system, oxygen cylinders, emergency stretchers, and an operating table complete with all necessary medical supplies.
In 2020, Ziqitza Healthcare Ltd (ZHL), Asia’s largest emergency medical service provider company and one of the fastest-growing holistic healthcare solution platforms in India, has introduced Ambulance Subscription services for corporates and large business units under the Corporate Wellness product extension recently in India.
3. Increasing Demand
The Madhya Pradesh government has approved the hiring of 200 additional ambulances for taking coronavirus patients to the hospitals.
In 2021, due to the increasing demand for ambulance services the JCBL have been introducing more than 2000 ambulances all over India, all built to the established AIS125 regulations.
Data Sources: Prerana Motors, Business Insider, India Times
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