Fact.MR, in a recently published report, offers valuable insights related to the key factors that are projected to influence the growth of the Ambulance Cots market during the forecast period, 2019-2029. The current market trends, vast growth opportunities in different regional markets, market drivers, and restraining factors are thoroughly analyzed in the report on the Ambulance Cots market.
The data enclosed in the report such as the Year-on-Year (Y-o-Y) market growth, supply chain analysis, value chain analysis and more will enable readers to assess the quantitative aspects of the Ambulance Cots market with clarity. The presented study is a vital asset for stakeholders, investors, and market players involved in the Ambulance Cots market who can leverage the information in the report to develop effective business strategies.
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Key Findings of the Report:
- Statistical and factual data related to the micro and macro-economic factors expected to impact the growth of the Ambulance Cots market
- Current and projected trends in the Ambulance Cots market
- Growth prospects of the Ambulance Cots market in different regions
- Recent product development and innovations in the Ambulance Cots market
- The projected growth of the key segments of the Ambulance Cots market
Ambulance Cots Market Segmentation
The report on the Ambulance Cots market provides vital analytical insights related to the key market segments including, region, application, and end-use. Further, the report discusses the current and future prospects of each market segment along with informative graphs, tables, and figures.
Segments of the Ambulance Cots market assessed in the report:
Rising Medical Tourism to Drive the Demand for Ambulance Cots
Medical tourism is a growing sector in Brazil, India, Thailand, Singapore, and others. Some of the key factors for the growth of medical tourism in these regions are high-quality facilities, English-speaking medical professionals, cost-effectiveness, and tourist attraction. India, Thailand, and Singapore together attract about 80% of the global medical tourism market, of which Thailand takes the largest share. In India, the number of tourist arrived for medical care in 2014, 2015, and 2016 were, 1,84,298, 2,33,918 and 4,27,014, respectively, which directly indicates the growth of this sector in India. The increasing medical tourism is expected to increase the growth of emergency medicine services including the use of private and public ambulances, ambulatory surgical centers, and others. Thus, the boost received by medical tourism on the emergency service industry is likely to favor the growth of the ambulance cots market.
Improvements in Healthcare Sector to Boost Healthcare Spending Favoring the Market Growth
Significant investments in healthcare by government across the world have resulted in more paramedics and ambulances to respond to time-critical emergencies. Government spending on healthcare is one of the driving factors for the growth of the healthcare industry worldwide. According to the OECD data, the U.S. spent about 17.2% of GDP for healthcare. Similarly, the healthcare spending as a percentage of GDP in Australia increased from 9.4% in 2015 to 9.6% in 2016. With improvements in the healthcare sector in recent years a number of new ambulance services are being launched. For instance, motorbike ambulance services were launched in Delhi (India) and Mumbai (India) in 2017 and 2018, respectively. Similarly, St. John Ambulance in Australia added 5 ambulances to expand its fleet at Casuarina Ambulance Station. With growing fleets of ambulance, the ambulance cots market will flourish during the forecast period, especially in developing nations.
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Important Queries Related to the Ambulance Cots Market Addressed in the Report:
- Which are the leading companies operating in the Ambulance Cots market?
- Which regional market is expected to witness the maximum market growth?
- What are the various factors likely to impact the growth of the Ambulance Cots market during the assessment period?
- What strategies are market players adopting to expand their presence in the Ambulance Cots market?
- How can emerging market players improve their market position in the current landscape of the Ambulance Cots market?
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