State of Oregon Ambulance Service Market to Generate $429.4 Million by 2031, Owing to the Increasing Chronic and Other Diseases Across Oregon’s Population

Oregon, a highly prosperous state of the US, has a well-developed network of ambulance services due to increasing governmental and private spending on healthcare infrastructure. Many private players such as American Medical Response, Pacific West Ambulance, Metro West Ambulance, etc., have expanded their reach to provide ambulance and other such similar medical services in almost every part of the state.

Forecast Analysis of the State of Oregon Ambulance Service Market

Growing incidence of chronic diseases and ailments in Oregon’s population is predicted to be the primary growth driver of the state of Oregon ambulance service market in the forecast period. Additionally, rising frequency of road accidents in Oregon is anticipated to push the market forward. Along with this, increasing adoption of digitized ambulance services by leading players of the market is projected to offer numerous growth and investment opportunities to the market in the analysis timeframe. However, high costs associated with setting up ambulance businesses is estimated to create hurdles in the full-fledged growth of the state of Oregon ambulance service market in the coming period.

According to the report published by Research Dive, the state of Oregon ambulance service market is expected to gather a revenue of $429.4 million by 2031 and grow at 3.7% CAGR in the 2022-2031 timeframe. Some prominent market players include Cal-Ore Life Flight, MEDIX AMBULANCE SERVICE, Mercy Flights, Metro West ambulance, Falck Northwest, Global Medical Response, Life Flight Network, Lake District Hospital, Harney district hospitals, Bay Cities Ambulance, and many others.

Covid-19 Impact on the State of Oregon Ambulance Service Market

The outbreak of the Covid-19 pandemic has had a massive negative effect on almost all industries and businesses across the world. The state of Oregon ambulance service market had a mixed impact of the pandemic. During the pandemic, there was an increase in demand for ambulance services in Oregon which helped in the growth of the market. However, new rules and procedures set in place during the pandemic and the shortage of hospital staff caused a decline in the growth rate of the market.

Significant Market Developments

The significant companies operating in the industry are adopting numerous growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, thus helping the state of Oregon ambulance service market to flourish. For instance:

• In May 2021, Crook County Fire & Rescue, a fire and rescue company in Oregon, announced that it had acquired a new set of ambulances and medical equipment designed for emergency medical treatment. This acquisition by Crook County Fire & Rescue is expected to help the company to cater to the demands of the Oregon population in a better way.
   
• In October 2021, GMR, an emergency medical services company, announced that it had signed a partnership agreement with Blue Shield of California, a not-for-profit organization. Under this partnership agreement, GMR will cover all 58 counties of California to provide medical services and for this, GMR will take help of REACH Air Medical Services (REACH), CALSTAR Air Medical Services, and Cal-Ore Life Flight. The partnership is, thus, expected to fulfill the demands of the medical institutions in these counties comprehensively.