Ambulances are important automobiles that provide emergency medical services ranging from accidents to critical health conditions like heart attacks. That said, these vehicles need to be reliable and well-constructed to deliver these services without any hiccups.
There are manufacturers around the world that have proven their expertise in ambulance production over and over, earning them myriads of accolades and trust from customers. This article will examine the top 10 brands that produce top-quality ambulances. We will also look at the global ambulance market size. Let’s get started.
Table of Contents
Overview of the global ambulance market
Top 10 ambulance brands
Conclusion
Overview of the global ambulance market
The global ambulance services market is massive. According to Precedence Research, the market had an estimated value of USD 44.78 billion in 2022, and experts project its size to grow to USD 108.4 billion by 2032. The growth will happen at a compound annual growth rate (CAGR) of 9.30% over the 2023–2032 forecast period.
An increase in the number of road accidents is one factor driving market revenue because they require immediate medical attention. The market is also growing due to aging populations and rising chronic illnesses, which boosts the demand for regular medical interventions where ambulances play a key role in efficient transportation.
Another factor that will further shape the market dynamics is the advancements in medical technology, communication systems, and vehicle design, making the delivery of ambulance services efficient and effective. This includes AI, GPS, 5G networks, and telemedicine capabilities, which enable quicker response times and better patient care.
The United States market is expected to grow the fastest, followed closely by the European and Asia-Pacific segments over the forecast period.
Top 10 ambulance brands
1. Hitachi Ltd
Hitachi is a multinational conglomerate based in Tokyo, Japan, founded in 1910. The company is known for its diverse portfolio, spanning IT solutions, construction machinery, automotive systems, and energy solutions.
In the healthcare sector, they provide medical systems and biosystems for the ambulance services market. These systems include proton therapy systems and heavy ion therapy systems, which aid in detecting and treating cancer.
Hitachi’s innovativeness and reputation for reliability have enhanced the company’s global presence with offices in Japan, the United States of America, the United Kingdom, Singapore, and Thailand.
For 2024, its revenue earnings hit USD 67.3 billion, securing the top spot among the top 10 ambulance brands globally.
2. Siemens Healthineers AG
Siemens Healthineers was spun off from its parent company, Siemens, in 2017. It is a German medical technology company with headquarters in Erlangen, Germany. It offers a wide variety of solutions for ambulances, ranging from advanced imaging systems to point-of-care diagnostics and healthcare IT.
Its rich history of innovation, commitment, and excellence has enabled it to provide reliable and portable devices like mobile imaging solutions and AI-integrated systems that assist emergency responders in the delivery of high-quality patient care with speed and ease.
According to CompaniesMarketCap, Siemens Healthineers AG’s revenue in 2024 increased by 0.84% over the previous year, reaching USD 23.81 billion.
3. Koninklijke Philips NV
Koninklijke Philips is a technology company recognized globally for its huge portfolio in consumer lifestyle, lighting solutions, and healthcare sectors. Commonly known as Philips, the company was founded in 1891 and has had its headquarters in Eindhoven, Netherlands, since 1997.
It provides a wide range of products that cater to the ambulance services market, including portable medical devices like defibrillators and vital signs monitors, as well as data management and software systems. These systems help improve medical care services for patients with critical health conditions as well as the operational efficacy of ambulances.
According to their latest earnings reports, the company’s sales revenue in the second quarter of 2024 stands at EUR 4.5 billion, which represents 2% growth.
4. GE Healthcare
GE Healthcare is among the leading medical technologies and digital solutions providers for the ambulance market. It was spun off from General Electric in 2023, with the parent company retaining 6.7% of the company. Its headquarters are located in Chicago, Illinois, in the United States of America.
The company’s products and services include diagnostic imaging equipment, fleet management software, and digital solutions that enhance efficiency, accuracy, and patient care in medical emergencies.
Some of their recent developments include AI-powered solutions and telemedicine offerings.
The company reported Q2 revenue earnings of USD 4.8 billion, a 1% YoY increase over the previous year. Its net income rose to USD 428 million compared to USD 418 million in 2023.
5. Agilent Technologies
Agilent Technologies was established in 1999 as a spinoff from Hewlett Packard, specializing in life sciences, instruments, software, electronic components, and medical equipment lines for laboratories. It is headquartered in Santa Clara, United States.
The company offers a comprehensive range of analytical instruments, software, and services for chemical analysis, genomics, proteomics, and pharmaceutical development. Although they do not directly cater to ambulance service providers, practitioners can use their products during emergencies to help in rapid diagnostics and laboratory analysis conducted in ambulances and emergency health centers.
Agilent Technologies generated a revenue of USD 6.73 billion in 2023. However, their revenues were higher in 2022 at USD 6.93 billion, which was a 7.53% increase from USD 6.44 billion in 2021, according to CompaniesMarketCap.
6. Hologic, Inc.
Hologic Inc. is a global leader in women’s health and helps healthcare professionals around the world achieve exceptional clinical results. It was founded in 1985, and its headquarters are in Marlborough, Massachusetts, United States.
Hologic provides medical devices for diagnostics, surgery, and medical imaging. Notably, the company has been at the forefront of providing women with access to advanced technology for breast and cancer screening. This has made it among the most valuable partners for ambulance services and women’s healthcare.
According to Medical Device Network, the company’s earnings saw a 2.7% jump in the third quarter of 2024 to USD 1.01 billion from USD 984.4 million in Q3 of 2023.
7. Carestream Health
Carestream Health is a medical technology company that was formed as a result of a spinoff from Eastman Kodak Company in 2007. Its central office is situated in Rochester, New York, United States.
It provides a wide range of digital solutions for healthcare services, including ambulance services such as digital x-ray systems, mobile imaging devices, and picture archiving and communication software (PACS).
In addition to its diverse portfolio, Carestream Health has made several achievements, such as artificial intelligence integration, telemedicine capabilities, digital radiography, and other healthcare IT solutions.
As of September 2024, Carestream’s revenue reached USD 5 billion, based on reports by LeadIQ.
8. Planmeca OY
Planmeca OY is a Finnish company that specializes in providing advanced dental and medical imaging equipment. The medical technology company, founded in 1971, sells several products ranging from 3D imaging systems, cone beam computed tomography (CBGT) machines, and intraoral scanners.
The company is also committed to sustainability by integrating energy-efficient solutions and eco-friendly materials into its products. Their products, such as portable imaging devices and software, play a huge role in improving the efficiency and effectiveness of emergency care, enabling quick and accurate diagnostics in critical situations.
With Planmeca’s products distributed in over 120 countries worldwide, they reported a combined turnover of EUR 1.2 billion in 2023.
9. Esaote (SpA)
Esaote SpA has been specializing in medical imaging systems since 1982. With its headquarters in Genoa, Italy, it has over 40 years of experience offering various healthcare solutions, including healthcare IT, ultrasound, MRI, and CT scanners.
It has research centers and production plants in Italy and the Netherlands, as well as subsidiaries and offices in the United Kingdom, France, Germany, China, the United States of America, India, Mexico, and Brazil, among others.
The combination of cutting-edge software with ultrasound and MRI systems to maximize image quality equips emergency health professionals with the best tools so they can provide patients with the best on-the-spot treatment. ESAOTE (SPA) has seen an average annual growth of 7.6% over the last 4 years. It gained an estimated revenue of USD 273.2 million in 2023, a 6.5% increase from 2022.
10. Capsa Healthcare
Capsa Healthcare is an American medical carts and healthcare technology company based in Columbus, Ohio. It was founded in 1958 and provides mobile computing carts, medication management solutions, and telehealth offerings to help streamline workflows and enhance patient care delivery.
Over the years, it has played a huge role in helping in the growth of the ambulance services market. Capsa Healthcare reported an annual revenue of USD 125.3 million in 2024, according to ZoomInfo.
Conclusion
In summary, ambulances help practitioners in the delivery of quick and efficient emergency healthcare. This article has looked at the top companies in the ambulance services market. Brands like Hitachi, Philips, Siemens Healthineers, and Carestream Health are some examples of these companies. To learn more about the equipment they manufacture, visit Alibaba.com.
