Global Smart Ambulance Market Size, Trends & Analysis with Covid-19 Impact - Forecasts to 2026

Global Smart Ambulance Market Size, Trends & Analysis with Covid-19 Impact - Forecasts to 2026 

The global smart ambulance market will grow at a CAGR 9.5% during the forecast period of 2020-2026.

The demand for many types of smart technology or IoT based technology in the medical field has become a necessity. One such example for quick and efficient emergency medical service is the introduction of smart ambulance systems.

A smart ambulance with traffic control system will clear the traffic jam by turning all the red lights to green on the path of the smart ambulance, hence helping in clearing the traffic and reaching its destination faster. Moreover, the intelligent traffic controlling system for smart ambulance will register the fastest growth in the market during the forecast period. This is attributed to increasing cases of road accidents especially in developing countries, and rising awareness regarding quick first aid service to victim/patient in amidst of any accident.

Smart ambulance system will also be able to track and send data of location of the vehicle to the hospital control room, for constant doctor-paramedic contact to share the patient’s vital signs and health condition using 5G technology/GSM system and cloud server for data storage. With the exponential increases in population, related lifestyle disorders, the number of accidents and surgeries this market is ought to touch the heights of growth.

Furthermore, smart patient identification sensor will be embedded in the stretcher for acquiring patient medical records and relative information. Such service offers communication of patient/victim status to both the Sheriff station and to the patient relatives which is the prime aspect of emergency management.

In Addition, ambulance GPS tracking system for tracking the ambulance during the traffic jam, road block, and road construction will be a major advancement in the smart ambulance systems. GPS tracking system for ambulance will be the future of smart integration of IoT and healthcare system.

Hence this market will grow exponentially during the forecast period owning to rising preference for emergency medical services in the smart ambulance system over the care given after reaching the hospital, increasing integration of IoT with healthcare services and devices, rising number of acute to severe road accidents leading to the need of access of immediate advanced treatment and shifting focus of emergency medical services from manual to automatic system.

North America is expected to dominate the market during the forecast period owing to high purchasing power of smart ambulance systems, availability of high end and prompt traffic and trauma control systems for smart ambulance, well-established healthcare infrastructure (hospitals and smart ambulance), presence of several key market players in this region, growing demand for high-quality healthcare services clubbed with internet of things (IoT), and favourable reimbursement policies.

The market has kick started by witnessing major organic strategies during the forecast period. For example, in 2019, O&H Vehicle Technology, (England), has announced its partnership with Excelerate Technology (US), in order to launch the UK’s first fully integrated smart ambulance into the NHS in 2020. 

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Also, in the same year, Telefónica or O2 (UK) announced that it would provide its 5G connectivity service platform for a smart ambulance project at Millbrook Proving Ground (testing ground). The 5G connectivity will convert the vehicle into a consultation room for remote monitoring of patients in the ambulance and by doctors in the hospitals.

Various other companies playing an important role in the augment of this new technology are Samsung, Visionable, Array Network and others. For instance, for communication devices to be installed in the upcoming smart ambulance concept, Samsung will take the lead by providing Galaxy S10 5G device. Visionable which is a UK based universal video collaboration platform provider will offer its video-collaboration software for teleconsultation in the smart ambulance set up. Lastly Array Networks (US) will offer data collection software, (which includes automation, reporting and communication capabilities), ambulance asset-tracking and compliance-check service.

Moving on, Asia-Pacific region is expected to grow at a high CAGR during the forecast period. Medical tourism will be an opportunity for introducing smart ambulance systems considering the rising rate of geriatric patient population, cardiac patients, and rising number of road accidents.

The key players providing components for smart ambulance in the market include: Salesforce, Huawei Technologies Co. Ltd, Robert Bosch GmbH, Google Inc., Honeywell International Inc., Koninklijke Philips NV, Amazon Web Services Inc., IBM Corporation, Microsoft Corporation, IT Ambulance, Wipro Ltd, AT&T Inc., Microtronics Technology, Softec Technology, O2/Telefonica, Samsung, Ferno, Byron, Visionable, Ajeevi, Array, O&H Vehicle Technology, Particle 2020 Inc., Excelerate Technology, and Olemdo Special vehicles among others. 

Browse the Global Smart Ambulance Market Report @: https://www.globalmarketestimates.com/market-report/global-smart-ambulance-market-2195 

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