Ambulance cots are stretchers/apparatus that are used to carry patients requiring medical care. As the name suggest, these cots are generally used in ambulances for carrying patients for emergency as well as non-emergency cases. They are also known as ambulance trolleys, manual ambulance cots, pneumatic ambulance cots, or electric ambulance cots. Increasing awareness and adoption of ambulance services; rising healthcare spending; and an increase in the aging population are some factors that are expected to increase the revenue of the ambulance cots market globally. The manual cots contribute maximum share in the ambulance cots market, and will continue to do so. Launch of several ambulance services in regions, such as Pakistan, China, and India, further exert traction on the adoption of ambulance cots. Expansion in APAC and local manufacturing of ambulance cots in the region remain the key to growth of the ambulance cots market in the APAC region. On the one hand, North America is a highly matured ambulance cots market that possesses expertise and resources, and is expected to be prominent in the global ambulance cots market.
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The number of ambulances in regions, such as APAC, does not meet the WHO standards. Insufficient ambulances along with the lack of ambulance personnel offers opportunity for the growth of ambulance cots market considering the growing efforts made by public and private players to meet the demands. Several factors could also offer significant growth opportunities, especially in favorable conditions such as government investment to increase awareness, launch and adoption of private EMS services, and funding for increasing the number of ambulances (public & private) to meet the demand. For an instance, in Australia, the budget in 2017 added 50 new relief paramedics to the existing NSW ambulance services. Thus APAC region is expected to witness a high growth rate for ambulance cots market, through the forecast period.
Manufacturers of ambulances have to adhere to the stringent regulations, resulting in the high cost of the ambulance. Furthermore, with the added cost of essential equipment and paramedics, the cost of an ambulance ride is very high. For instance, in America, NSW ambulances cost AUD$ 372; plus AUD$ 3.35/km; capped at AUD$ 6095; Victorian ambulance offers a standard cost of AUD$ 1204; Western Australians face a flat fee of AUD$ 949. The high cost of ambulance service might hamper the adoption of ambulance services, especially in regions with low reimbursement. This, in turn, might hinder the growth of the ambulance cots market to some extent during the forecast period.
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The ageing population is rising across the world. According to World Bank population over 65 years in China has increased from 9.7% in 2015 to 10.1% in 2016. Diseases such as cancer, diabetes, osteoporosis, dementia, COPD and many others are strongly associated with old age that offer opportunity for growth of emergency services. It has been noted that a majority of ambulance dispatches are addressed to patients of 65 years and older. With the increasing aging population, there is a trend of increased use of emergency services that include the use of ambulances. This trend favors the growth of the ambulance cots market.
One of the most common causes of ambulance calls is cardiovascular disease-related emergencies, such as a heart attack. It is also the number one cause of deaths across the globe. In the U.S., about 600,000 people die due to heart diseases every year. The proportion of the population living with heart failure in China, Japan, Malaysia, and Singapore was estimated to be about 1.3%, 1%, 6.7%, and 4.5%, respectively, in 2015. Insufficient physical activity, tobacco smoking, increased blood glucose, and ageing population, are some of the factors that trigger the number of cardiovascular diseases. Increase in the number of cardiovascular cases consequently drives the use of ambulances and support the growth of the ambulance cots market globally.
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