Global Air Ambulance Services Market is expected to reach US$ XX Mn by 2026 from US$ XX Mn in 2019, at a CAGR of 11.2% during the forecast period.
Global Air Ambulance Services Market Overview:
Air Ambulances are specially equipped aerial vehicles that are equipped with specialised medical equipment and staffed by highly trained medical personnel. Patients are transported by air ambulance services from the site of an accident to a hospital, or from one hospital to other so that a patient can be transferred. A specialised hospital, such as trauma, burn, or cardiac centre, may be able to provide more advanced medical services to the patient.
Global Air Ambulance Services Market Dynamics:
Increasing cases of chronic diseases which require emergency medical care are the major driving factor.
Chronic diseases like diabetes, cancer, cardiovascular are the leading causes of death worldwide. Chronic diseases are the leading cause of death worldwide, accounting for 60% of all deaths, according to the World Health Organization (WHO). Chronic diseases are responsible for nearly 80% of deaths in medium- and low-income countries. Chronic diseases will impact 49% of the US population by 2025, according to estimates.
Chronic conditions like Arthritis, heart attacks, strokes, osteoporosis, and obesity are all very common in the geriatric community. Patients with such illnesses can require both an emergency and a non-emergency ambulance service. Hence, the rising geriatric population is expected to aid the market growth.
In addition, the public awareness of air ambulance services is expected to fuel consumer demand in the future. The development of the global air ambulance services sector is supported by government participation and initiatives. The Crown copyright released a report in July 2019, which states that nine air ambulance charities in England received a funding of US$ 12,878 million and it will be used to buy technologically advanced equipment and improvement in facilities.
However, shortage of healthcare infrastructure and an inadequate number of aircraft in developing economies are expected to restrain the growth of air ambulance services market. Health facilities have been strained as a result of the government's strict rules and regulations.
The report has profiled Twenty four key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for a future hot spot in APAC region.
Global Air Ambulance Services Market Segment Analysis:
The Global Air Ambulance Services Market is segmented on the basis of type, Service Model and Application.
Based on Type, the Rotary wing segment held a dominant share of 76% in 2020. The rotary-wing term is usually used for helicopters. The cost-effectiveness and rapid response time of helicopter-based air ambulance services are the key benefits contributing to the segment growth. Helicopters are used to transport patients in emergency situations, especially when a quick response is required.
Helicopters are an excellent alternative to ground ambulances because they can land almost anywhere, including on highways, parks, farms, congested urban areas, and paved areas. Bell 206, 429, and 407 helicopters, Eurocopter AS350, EC135, BK117, EC145, and EC130 helicopters, Sikorsky S-76 helicopters, and Augusta Westland 149 and 109 helicopters are all commonly used for air ambulance services. REVA Inc., PHI, AirMed International, Scandinavian Air Ambulance, and Native American Air Ambulance are some of the major players in this industry.
Based on Service Type, the hospital based segment accounted for the largest market share of 79% in the year 2020. A hospital usually offers a medical staff and partners with an aviation service provider for aircraft, pilots, and mechanics in a hospital-based service model. The aviation service provider must have a Federal Aviation Administration (FAA) licence, and the hospital pays them for the service model they provide.
Global Air Ambulance Services Market
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Global Air Ambulance Services Market Regional Insights: Global Air Ambulance Services MarketNorth America is expected to dominate the global market during the forecast period.
The involvement of supporting organisations for air medical transportation, favourable reimbursement policies, and a large presence of local and external service providers in North America all contribute to the market's profitable growth. Over the forecast period, the area is projected to expand at a significant rate of 9.2%.
North America has the greatest number of air ambulance service providers, as well as the facilities available for air medical transportation. Furthermore, the existence of favourable reimbursement policies contributes to the region's development.
Asia Pacific is expected to witness lucrative growth during the forecast period.
The global air ambulance services market in the APAC region is growing due to the rising adoption of advanced health care technology to make health care system experiences safer and less taxing, as well as a rise in the number of multispecialty hospitals. The involvement of developing countries such as China, India, and Japan is expected to drive the demand for air ambulance services in the area to new heights. Furthermore, the rapidly expanding medical tourism industry in these countries can be linked to an increase in demand for air ambulance services in the area.
The report also helps in understanding the Global Air Ambulance Services Market dynamics, structure by analyzing the market segments and project the Global Air Ambulance Services Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Air Ambulance Services Market make the report investor’s guide.
Global Air Ambulance Services Market, Key Developments:
HealthPartners, a consumer-governed, non-profit healthcare organisation headquartered in Bloomington, Minnesota, declared collaboration with Air Methods Corporation in November 2020. Air Methods will be able to offer essential air medical services to HealthPartners plan participants – a total of 1.8 million people in Minnesota, Wisconsin, Iowa, Illinois, North Dakota, and South Dakota – at subsidised in-network rates as a result of the agreement. Commercial insurance, state public services (SPP) and Medicare premiums are also covered by the deal.
In August 2019, AirLife North Carolina, a division of Air Methods, will open a new base in Lumberton, North Carolina. The base's primary mission will be to provide air ambulance services in the event of an accident or trauma.
COVID-19 Impact:
The COVID-19 pandemic has a positive effect on the demand for air ambulance services. Many countries around the world are using air ambulance services to save lives after several people died due to long travel times. Several countries around the world need well-equipped emergency medical services to deal with the increasing number of emergencies that have arisen as a result of the pandemic.
As a result, industry leaders are launching innovative air ambulances and bolstering their market positions. For example, on September 8, 2020, the
International Critical Air Transfer Team and the aviation firm Kyathi launched long-distance emergency air ambulance services in India. During these crises, such an initiative is expected to fuel business growth.
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Global Air Ambulance Services Market Scope: Inquire before buyingGlobal Air Ambulance Services MarketGlobal Air Ambulance Services Market, by Region
• North America
• Europe
• South America
• MEA
• APAC
Global Air Ambulance Services Market Key Players
• Envision Healthcare
• Falck A/S
• Air Methods Corporation
• The Acadians
• AirMed International, LLC
• Express Aviation Services LLC
• Lifeguard Air Ambulance
• Air Medical Group Holdings
• PHI
• Metro Aviation
• Rega
• DRF
• ADAC Service GmbH
• Royal Flying Doctor Service
• REVA Air Ambulance
• AMR
• FAI
• Capital Air Ambulance
• Native American Air Ambulance
• MED FLIGHT
• Scandinavian Air Ambulance
• Yorkshire Air Ambulance
• JAIC
• Deer Jet
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