{"id":481913,"date":"2020-04-30T09:02:01","date_gmt":"2020-04-30T09:02:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=481913"},"modified":"2020-04-30T09:02:01","modified_gmt":"2020-04-30T09:02:01","slug":"ambulance-services-market-size-is-estimated-to-attain-500-billion-by-2027-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/ambulance-services-market-size-is-estimated-to-attain-500-billion-by-2027-grand-view-research-inc_481913.html","title":{"rendered":"Ambulance Services Market Size is Estimated to Attain $50.0 Billion By 2027: Grand View Research, Inc."},"content":{"rendered":"
\"Ambulance<\/a><\/p>\n
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Grand View Research, Inc. – Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
According to report published by Grand View Research, the global ambulance services market size is expected to reach USD 50.0 billion by 2027 and is expected to witness a CAGR of 9.3% over the forecast period.<\/div>\n

The global ambulance services market<\/a> size is expected to reach USD 50.0 billion by 2027, expanding at a CAGR of 9.3%, according to a new report by Grand View Research, Inc. Favorable reimbursement policies and rising medical tourisms are anticipated to fuel the demand for ambulance services over the forecast period.<\/p>\n

The market is anticipated to grow due to favorable reimbursement policies in developed nations. In U.S., Medicare covers both non-emergency and emergency facilities for medically necessary cases, if the supplier fulfills stipulated requirements. In some circumstances, Medicare also covers unscheduled and irregular nonemergency trips. Medicare covers 80% of the approved amount for ambulance facility and the remaining 20% is covered by supplemental insurance policy of the patient. In New Jersey, Pennsylvania, and South Carolina, for repetitive, nonemergency trips, patients need prior authorization from Medicare Administrative Contractor (MAC). However, Medicare does not pay for ambulettes (wheelchair-accessible vans that provide nonemergency transportation).<\/p>\n

In Victoria, Australia, patients can avail emergency medical assistance by securing a membership with Ambulance Victoria, which offers medical facilities at subsidized prices. Ambulance Tasmania provides free emergency medical assistance to Tasmanian residents. Residents of Queensland (Australia) are covered with the cost of emergency services across Australia, by the QLD state government. Similarly, in U.K., public healthcare system provides free emergency and non-emergency medical facilities. In addition, patients receive NHS funding for their treatment. In Germany, public health insurance (Gesetzliche Krankenversicherung) is compulsory for every citizen and this insurance also covers non-emergency and emergency medical facilities. Private health insurance (Private Krankenversicherung) is usually opted by those who have high yearly income.Ease of payment through reimbursement policies encourages patients to opt for emergency medical assistance more frequently, which is likely to bolster growth of the ambulance services industry.<\/p>\n

\"U.S.<\/strong><\/p>\n

Request a Sample Copy of the Ambulance Services Market Research Report @<\/strong> https:\/\/www.grandviewresearch.com\/industry-analysis\/ambulance-services-market\/request\/rs1<\/a><\/p>\n

Further key findings from the study suggest:<\/strong><\/p>\n