State of Oregon Ambulance Service Market Size Projected to Generate a Revenue of $429.4 Million by 2031Download Sample Reports Overview
The State of Oregon Ambulance Service Market Size is predicted to be valued at $429.4 million by 2031, surging from $306.8 million in 2021, at a noteworthy CAGR of 3.7%.
Impact Analysis of COVID-19 on the State of Oregon Ambulance Service Market
In the state of Oregon, the COVID-19 pandemic had a similar impact on the ambulance services as it did in other states of the U.S. The number of COVID-19 cases and hospitalizations in Oregon increased significantly during the initial months of the pandemic, which ultimately resulted in a rise in demand for ambulance services. The first COVID-19 case in Oregon was officially reported on February 28, 2020, by the Oregon Health Authority (OHA). There were 121,440 cases of COVID-19 reported to the OHA from February 2020 to December 31, 2020. Of these cases, 8,395 (6.9%) were hospitalized and 2,112 (1.7%) died. To safeguard the ambulance services’ personnel and patients against the virus, Oregon's ambulance service providers put in place additional safety regulations and procedures as per the guidelines from government authorities.
The state of Oregon controls various aspects of the healthcare system, including trauma treatment and emergency medical services, to guarantee public safety and health. These regulations take the form of statutes passed by the legislature, and rules declared by the executive branch through processes directed by the Secretary of State. Individual EMS workers, ambulance service providers, and ambulance vehicles are all subject to broad categories of EMS regulation.
State of Oregon Ambulance Service Market Analysis
Air ambulance services are gaining traction over the past decade and this growth is backed by encouraging medical policies, while the patient base is getting worsened by people struggling with heart attack, stroke, arthritis, osteoporosis, and obesity across Oregon population. Furthermore, government policies to provide medical transportation and spending large amounts on healthcare and medical infrastructures is further boosting the state of Oregon ambulance services market demand. For instance, the U.S. Congress enacted the No Surprises Act (NSA), which involves many provisions to help protect consumers from surprise medical bills. The provisions in the act create requirements that apply to health care providers, facilities, and providers of air ambulance services. Isn addition to this, financial institutions and grants given to residents of Oregon population stated by regulatory and financial bodies is also contributing to the market. Apart from this, established and emerging players are focusing on offering new and sophisticated ambulances and services to offer patients a high degree of medical care. These factors have further created significant opportunities for new entrants resulting in increasing demand for ambulance services across Oregon state.
The implementation of the No Surprise Act might take time. This is mainly due to limited air ambulance players' availability, wherein regulating them through special bills would be challenging. Due to this, there is a high cost of air ambulance services, which restricts patients from availing these kinds of services, further slowing down the state of Oregon ambulance service market growth. In addition to this, the lack of EMS crews falling short at Oregon state standards for quick response times to emergency calls enforces fire crews to provide the initial medical response. EMS response times are affecting medical treatment in emergency situations. In such scenarios, patients are unable to get initial medical assessment and treatment. Owing to the aforementioned factors, the market is expected to experience slow growth in the ambulance industry.
Ambulance services play a pivotal role in providing timely medical attention and transportation to those in need. The quick response from the ambulance services during medical emergencies is directly associated with the life and death of patients in some cases. Due to this, ambulance services have become an integral part of the overall healthcare industry. Moreover, patients also choose an ambulance service provider that offers reliable and efficient services. In order to cater to the same, many startups are coming forward with innovative medical solutions which are focusing on providing emergency medical services. These startups are adopting on-demand ambulance transportation services wherein people can avail immediate medical transport in emergency. Today, many of the ambulance services operating in Oregon still have the facility of calling and booking the ambulances wherein the chances to meet response time requirements for emergency medical calls fails. In such case, startup companies have introduced on-demand ambulance apps wherein needy patients can avail the services through mobile apps in a quick turnaround time.
State of Oregon Ambulance Service Market, Segmentation
The state of Oregon ambulance service market is segmented based on mode of transportation, service type, operating type.
Mode of Transportation:
The mode of transportation segment is further classified into air ambulance and ground ambulance. Among these, the ground ambulance sub-segment accounted for the highest state of Oregon ambulance service market share in 2021 and is anticipated show the fastest growth during the forecast period. A ground ambulance is a vehicle that is appropriately equipped, maintained, authorized, and used to deliver a patient to a specified location, such as a patient receiving facility or resource hospital. A ground ambulance can provide the necessary medical aid. The medical personnel who initially treat the patient are the backbone of every ambulance service. For instance, as per Centers for Disease Control and Prevention (CDC), every 30 seconds, one person dies in the U.S. due to cardiovascular disorder. Moreover, as per a similar source, around 18.2 million people aged 20 and above have coronary artery disease in the U.S. To operate ground ambulance services in Oregon, there are numerous rules and regulations that must be followed. One such regulation is that the Oregon health authority shall create rules specifying minimum criteria for ambulance services, as well as staffing and medical and communications equipment requirements for all types of ambulances, in collaboration with the State Emergency Medical Service Committee.
The service type segment is further classified into non-emergency medical transport and emergency medical transport. Among these, the emergency medical transport sub-segment accounted for the highest state of Oregon ambulance service market share in 2021. The prevalence of cardiovascular disorders such as cardiac arrest, stroke, congestive heart failure, and increased instances of COVID-19 worldwide can be ascribed to the growth of the emergency services segment. Patients with severe injuries or illnesses, as well as those in urgent need of medical assistance, are served by emergency ambulances. Industry players are investing a lot of effort on the research and development of smart and unique strategies to sustain their growth in the market. These strategies include product launches, mergers & acquisitions, collaborations, partnerships, and refurbishing of existing technology. In April 2019, Falck Denmark A/S joined with UN global compact to formalized its commitment to contribute to socially, environmentally and economically sustainable development. Additionally, in March 2019, Falck Denmark A/S joined with UN global compact to formalize its commitment to contributed to a socially, environmentally and economically sustainable development.
The operating type segment is further classified into public private partnership, government, private, and others. Among these, the private sub-segment accounted for the highest state of Oregon ambulance service market size in 2021. private ambulance services company, Life Flight Network, provides air ambulance services for critically ill or injured patients in Oregon state and the surrounding areas. They have a fleet of helicopters and fixed-wing aircraft and can transport patients to hospitals or medical facilities throughout the North America region. Similarly, Falck Northwest private company provides ambulance services to hospitals, nursing homes, and private residences in Oregon state and the surrounding areas. They offer advanced life support and basic life support services and have a team of highly trained paramedics and EMTs. The availability and coverage of private ambulance services in the state of Oregon ambulance services market may vary depending on the specific location and circumstances
Key Players in the State of Oregon Ambulance Service Market
Some of the leading state of Oregon ambulance service market players are
- Cal-Ore Life Flight
- Metro West ambulance
- Life Flight Network
- Bay Cities Ambulance
- MEDIX AMBULANCE SERVICE
- Falck Northwest
- Lake District Hospital
- Mercy Flights
- Global Medical Response
- Harney district hospitals
In June 2021, Falck announced that it had acquired Canadian Ambulance Services ("CAS"), a supplier of emergency medical services in Canada. Falck would be able to increase its presence in North America due to the acquisition.