Due to the outbreak of coronavirus, the global ambulance service market has witnessed substantial growth. The industry is expanding due to rising demand for ambulance services to offer emergency care to COVID-19 patients during the outbreak. Even if the crisis has subsided in certain areas, the market is projected to continue to rise. The global ambulance service market is projected to see a marked expansion owing to the rise in the number of accidents, introduction of new ambulances, and emergence of new ambulance service providers around the world. There has been a rise in the number of hospitals as a result of the pandemic, which is likely to cause burgeoning demand for ambulance service.
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Rising Number of Road Accidents and Increased Prevalence of Chronic Diseases to Boost Market Growth
Traffic accidents are one of the largest causes of death from injuries in the US, as well as the tenth major cause of mortality globally. Accidents now account for a shockingly large portion of the healthcare burden. With such rising hazards come effective emergency services that allow for the quick involvement of patients with chronic sickness or accident victims. These timely services are critical to one’s health. Furthermore, the increased number of road accidents requiring immediate medical assistance is likely to support growth of the global ambulance services market in the forthcoming years.
Cardiovascular diseases (CVDs) necessitate rapid medical attention and emergency medical services. Cardiovascular disease comprises conditions like coronary artery disease, stroke, congestive heart failure, and cardiac arrest. The presence of a big demographic pool of people aged 60 years and above is also projected to have a significant impact on market growth. Osteoporosis, cardiac issues, obesity, neurological illnesses, stroke, arthritis, and heart attacks are all common in the older population. These conditions often require ambulatory services, which are expected to trigger growth of the market in the years to come.
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