Air Ambulance Services Market Synopsis:
According to Market Research Future (MRFR)’s assessment, the global air ambulance services market is set to expand at a CAGR of 8% during the forecast period 2018 to 2023. The growing healthcare budget allocation is poised to favor the expansion of the market in the forthcoming years. Governments are supporting the expansion of medical flight services for making healthcare facility available in remote areas. This, in turn, is anticipated to augment the air ambulance services market across the review period.
Rising incidences of chronic diseases are likely to encourage the expansion of medical facilities. It is forecasted to boost the growth pattern of air ambulance services market over the next couple of years. Also, the boom witnessed in the healthcare sector is poised to reflect on the proliferation of the market in the upcoming years.
Investments are being made for the development of air ambulance network which is presumed to catalyze the growth of the air ambulance services market over the assessment period. Furthermore, the favorable reimbursement policies in conjunction with high standards of living have been prognosticated to catapult the market on upward trajectory. On the flip side, high cost of the service is projected to restrict the expansion of the market over the next few years.
Air Ambulance Services Market Competitive Dashboard:
The noted players of the global air ambulance services market are Air Methods Corporation (US), Alpha Star Air Ambulance (Saudi Arabia), Air Medical Group Holdings, Inc. (US), AMR Air Ambulance, Inc. (US), European Air Ambulance (Luxembourg), Babcock Scandinavian AirAmbulance (Sweden), Express Air Medical Transport, LLC (US), PHI Air Medical, Inc. (US), IAS Medical (UK), and REVA, Inc. (US).
Air Ambulance Services Market Segmentation:
By mission profile, the global air ambulance services market has been segmented into scene response, inter-facility transports, and others. Among these, the inter-facility segment dominated the market in 2017. It is projected to exhibit substantial growth over the assessment period.
By service model, the air ambulance services market has been segmented into community-based model, hospital-based model, and hybrid model. The hospital-based model augment is leading the market growth presently and is likely to maintain its presence in the forthcoming years.
By aircraft type, the global air ambulance services market has been segmented into rotary-wing and fixed-wing. Among these, the rotary-wing segment held the maximum share of the market in 2017. It is expected to exhibit positive growth as helicopters are enabled to land anywhere.
Air Ambulance Services Market Regional Analysis:
The global air ambulance services market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is anticipated to thrive significantly and retain its pole position over the next couple of years. Major service providers are incorporated in the region who are expected to contribute substantially towards the development of the air ambulance services market.
The U.S. and Canada are forecasted to retain their status as the most prominent sub-markets over the projection period. Asia Pacific is also anticipated to exhibit strong growth potential over the next few years. The disparity in the geographical surface of the region has intensified the need for better medical flight network. It is poised to boost the growth of the regional air ambulance services market.
Industry News:
In April 2019, Air Medical Group Holdings (AMGH) has announced that it will be buying Dallas-based provider of air ambulance, SevenBar.
In April 2019, air ambulance service providers in the United States are seeking improvements in the federal payment system.
In April 2019, California Air Ambulance Bill has highlighted the steeply rising cost of medical flights.
In April 2019, China has announced the setting up of pilot areas in places that lack medical resources for making air transport available for critical patients.
Global Air Ambulance Services Market: Information by Transport Vehicle (Air and Ground), Aircraft Type (Fixed-Wing and Rotary-Wing), Service Model (Community-Based, Hospital-Based and Hybrid), Mission Profile (Inter-Facility Transport, Scene Response and others) and Region (North America, Europe, Asia Pacific and Rest of the World) - Forecast to 2024: https://www.marketresearchfuture.com/reports/air-ambulance-services-market-7268