Air Ambulance Services Market Growth, Trends and Competitive Landscape


Posted January 10, 2022 by Rahul_Gautam

Why Are Hospitals Offering Air Ambulance Services?
 
Governments across the world are making numerous efforts to deploy air ambulance services in specific areas to offer better and immediate treatment to patients. For example, in August 2019, the government of Tamil Nadu, India, established air ambulance facilities to shift patients suffering from chronic diseases and people injured in road accidents at distant locations to healthcare centers located within a 200–300 km radius. Likewise, China has introduced a pilot project for offering air ambulance services to patients residing in places with no medical facilities.

Moreover, the mounting number of air ambulance fleets will drive the air ambulance services market at a 5.4% CAGR during the forecast period (2020–2030). The market was valued at $8.9 billion in 2019, and it is projected to generate around $15.9 billion revenue by 2030. Air ambulance fleets are being expanded to offer faster services in areas lacking medical care facilities and in accident-prone areas. Leading private and public hospitals are partnering with aircraft operators to provide air ambulance services to patients requiring immediate attention.

Air-ambulance-service-providing companies, such as Global Medical Response Inc., European Air Ambulance (Luxembourg Air Ambulance SA), IAS Medical Ltd., PHI Air Medical LLC, Lifeguard Ambulance Service LLC, Express Air Medical Transport LLC, REVA Air Ambulance Inc., Native American Air Ambulance Inc., Air Methods Corp. (American Securities LLC), and Babcock International Group PLC, prefer rotary-wing aircraft over fixed-wing aircraft. Rotary-wing aircraft or helicopters are primarily used for short- and medium-distance transport, especially within city or state boundaries.

The service type segment of the air ambulance services market is divided into hospital-based and community-based. Under this segment, the hospital-based category is expected to exhibit the faster growth throughout the forecast period. This can be ascribed to the surging integration of air ambulance services in a greater number of public health centers worldwide. In this service type, hospital personnel offer onboard medical services during the flight and arrange the transfer of patients to hospitals with advanced facilities.

According to the P&S Intelligence, North America has emerged as the largest user of air ambulance services in the recent past due to the presence of a large number of leading service providers in the U.S. Moreover, the existence of the requisite infrastructure for such services in the U.S. will encourage their adoption in the coming years. Additionally, the surging per capita income and increasing affordability of these services will augment their usage.

The Asia-Pacific (APAC) air ambulance services market is expected to demonstrate the fastest growth during the forecast period. This will be due to the increasing affordability of these services and soaring cases of cardiovascular diseases (CVDs) requiring immediate advanced medical care in India and China. Besides, the mounting focus of service providers on collaborations, for the betterment of the healthcare industry, will contribute to the market growth in the region in the forecast years.

Thus, the surging government support for the integration of air ambulance services in the healthcare sector and expanding network of air ambulance bases will encourage the usage of such services.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Rahul Gautam
Phone +1-888-778-7886
Business Address Noida sector 2, Noida, UP
Country India
Categories Aerospace , Automotive , Business
Tags air ambulance services market , air ambulance services market 2022 , air ambulance services market size , air ambulance services market trend , us aair ambulance services market
Last Updated January 10, 2022