Market Overview
Air
Ambulance Services Market is projected to achieve a value of USD 18.4 Billion
in 2023, with a linear behavior in the market growth it is forecasted to
achieve a value of USD 47.10 Billion by 2033 with a CAGR of 11.21% during the
forecast period 2024-2033.
A
specialized form of air ambulance transportation that makes use of aircraft or
helicopters is known as air ambulance services. Critically sick or injured
people are transported from one place to another in a timely and safe manner
with the help of these services. They are able to quickly move patients between
medical institutions or over long distances, even to inaccessible or isolated
locations, making sure they end up at the best care facility for their need.
When transferring patients over longer distances, fixed wing air ambulances are
the recommended option.
In
order to monitor and care for patients who are critically injured or ill, air
ambulances are outfitted with specialized medical equipment such as
ventilators, stretchers, ECGs and monitoring units, drugs, and other supplies.
These services are primarily used to transport ill and injured patients over
longer distances and in difficult terrain in medical emergencies, such as
respiratory diseases, strokes, heart attacks, pregnancy complications,
traumatic injuries, end-of-life cases, neurological conditions, and others.
The
air ambulance services market has been driven by a number of factors, such as
the rising need for emergency medical care in remote locations, quick transport
for patients in need, technological developments in aviation and medical
equipment, and expanding healthcare facilities. Rapid medical evacuation is
also required due to the increase in natural disasters and traffic accidents.
The aging population and rising healthcare costs further support the market's
growth. Additionally, government initiatives for better emergency medical care
and partnerships between hospitals and air ambulance service providers are
driving market expansion.
The
COVID-19 pandemic had a big impact on the market for air ambulance services
market. Transporting dangerously ill COVID-19 patients was initially in high
demand, but the market was hindered by limited air travel, fewer non-COVID
medical transfers, and logistical difficulties during lockdowns. Stricter
safety regulations raised operating costs, which had an effect on
profitability. These costs included personal protective equipment and
disinfection procedures. Revenues were further burdened by varying patient
loads and postponed elective treatments. On the other hand, the pandemic
brought to light the critical role that air ambulance services play in the
healthcare system. It also encouraged innovation in the areas of infectious
illness transport protocols and telemedicine integration, which helped to shape
the industry's future resilience and adaptability.
Market Scope
Report Attributes |
Description |
Market Size in 2023 |
USD
18.4 Billion |
Market Forecast in 2033 |
USD 47.10
Billion |
CAGR % 2024-2033 |
11.21% |
Base Year |
2023 |
Historic Data |
2016-2022 |
Forecast Period |
2024-2033 |
Report USP |
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
Segments Covered |
By Aircraft Type, By Service Operator and
By Region |
Growth Drivers |
The growing
demand for emergency medical services, particularly in critical and
time-sensitive situations, has driven the need for air ambulance services.
The rising
incidence of accidents, trauma cases, and critical illnesses has led to an
increased need for swift and efficient medical transportation.
Air ambulance
services become crucial in regions with challenging geographical features,
such as remote areas, mountains, or islands, where ground transportation may
be difficult or time-consuming. |
Regional Scope |
North America, Europe, APAC, South
America and Middle East and Africa |
Country Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies |
Global Medical Response, Air Methods
Corporation, PHI Air Medical, Lifeguard Air Ambulance, Acadian Air Med, AeroCare
Medical Transport System, Air Ambulance Worldwide, REVA, Inc., Babcock
Scandinavian Air Ambulance, Jet Rescue Air Ambulance, AirMed International,
AMR Air Ambulance and other. |
Market Dynamics
Market Drivers
Increasing
Demand for Emergency Medical Services
The
air ambulance services market is expanding due in large part to the growing
need for emergency medical services (EMS). Rapid and effective medical
transportation in an emergency is becoming increasingly necessary as the
population grows and urbanization increases. Air ambulances have significant
benefits in quickly accessing hard-to-reach locations and delivering
life-saving care. The importance of air ambulance services is further
highlighted by the rising incidence of serious medical problems and the
understanding of how urgent situations are. The industry for air ambulances is
growing as a result of the increasing demand, which guarantees that patients
receive critical medical care quickly and ultimately leads to better patient
outcomes.
Advancements
in Medical Technology
Technological
developments in the medical field are essential for driving the market for air
ambulance services. Modern medical technology and breakthroughs allow air
ambulances to deliver improved critical care while in transit. Modern
monitoring equipment, sophisticated life support systems, and telemedicine
capabilities are integrated to guarantee that patients receive top-notch care
while they are in transit. These technology advancements increase the range of
conditions that can be successfully managed during air travel and also boost
the effectiveness of in-flight medical procedures. Consequently, the ongoing
advancement of medical technology turns into a driving factor that raises the
caliber of care provided by air ambulance services and boosts the market's
overall expansion.
Market restrains
Cost
and Affordability
The
market for air ambulance services is severely constrained by factors related to
cost and affordability. For many people without full insurance coverage, the
costs of air ambulance transportation—which are frequently high because of
aircraft maintenance, specialist medical personnel, and operating expenses—are
an obstacle. Furthermore, patients may have to pay enormous out-of-pocket costs
if their insurance covers only a portion of the cost of air ambulance services
or has gaps in coverage. Due to the financial hardship, people are less able to
obtain these vital services, which affects their decision to use air ambulance
transport and impedes market expansion. To lessen these restrictions and
increase access to vital air ambulance services, initiatives to improve
insurance coverage and price structures are crucial.
Market- By Aircraft Type Analysis
By Aircraft Type, the Air Ambulance Services Market is Categories into Fixed-Wing, Rotary-Wing. The Fixed-Wing segment accounts for the largest share of around 81% in 2022.
Fixed-wing
aircraft are superior at long-distance flying because they can carry more fuel
than rotary-wing aircraft. For shorter flights, propeller-powered aircraft are
typically utilized. Some of these propeller-driven aircraft, also referred to
as turboprops, are occasionally utilized for long-distance or long-haul
flights.
Market- By Service Operator Analysis
By
Service Operator, the Air Ambulance Services Market is Categories into Hospital-based,
Independent, Government. The Hospital-based segment accounts for the largest
share of around 51% in 2022.
Hospital-based
air ambulance services are designed to meet the immediate medical needs of
people living in rural or remote locations that are not close to cities. These
air ambulances are manned by a skilled medical team that follows crucial
pre-hospital care guidelines, guaranteeing prompt responses to crises and the
needs of patients in severe condition.
Market-Regional Analysis
North
America dominate the Air Ambulance Services Market with the highest revenue
generating market with share of more than 47%. North America was dominated by
the United States in 2022. The region's air ambulance services business is
expanding due to an aging population and an increase in medical emergencies.
The region also gains a great deal from the existence of contemporary medical
facilities, which, when paired with the utilization of cutting-edge, high-tech
air ambulance services, is a primary factor in the growth of the earnings of
the regional market.
Europe
witnessing substantial growth due to the availability of trustworthy air
ambulance service providers and the increasing demand for emergency medical
attention. Market expansion is supported by strict regulations and an emphasis
on high-quality medical treatment.
In
the Asia Pacific region expect to significant growth in market due to emerging
economies in nations like China, India, and Japan that have the capacity to
adopt new technology have demonstrated a notable rapidity. The government's
significant efforts to improve healthcare services are noticed to be driving
growth in the industry in the region. Furthermore, the advancement of services
with more sophisticated and real-time communication technologies for
high-quality care is the main goal of the Asia Pacific healthcare sector. It is
noted that this element encourages market expansion.
Competitive Analysis
The
Air Ambulance Services Market is dominated by a few large companies, such as Global
Medical Response, Air Methods Corporation, PHI Air Medical, Lifeguard Air
Ambulance, Acadian Air Med, AeroCare Medical Transport System, Air Ambulance
Worldwide, REVA, Inc., Babcock Scandinavian Air Ambulance, Jet Rescue Air
Ambulance, AirMed International, AMR Air Ambulance and other.
There
are some of the key trends that are shaping the competitive landscape of the Air
Ambulance Services Market.
May
2023, An agreement to provide six air ambulance helicopters to BC Emergency
Health Services (BCEHS) for USD 410.68 million was given to Ascent Helicopters.
In British Columbia, the organization will use the helicopters to provide
Helicopter Emergency Medical Services (HEMS). It is planned for the helicopters
to be delivered between fall of 2024 and spring of 2025.
March
2023, In order to improve patient outcomes and emergency medical systems,
Airbus Helicopters and International SOS collaborated to launch LifeSaver, an
innovative concept. Launching a national innovation program dubbed LifeSaver,
aimed at improving their Emergency Medical System (EMS), Estonia has become the
trailblazing nation to work with International SOS and Airbus Helicopters.
Research Report Following Segments:
By Aircraft Type
·
Fixed-Wing
·
Rotary-Wing
By Service Operator
·
Hospital-based
·
Independent
·
Government
1.
Global Air Ambulance
Services Market Introduction and Market Overview
1.1. Objectives
of the Study
1.2. Global
Air Ambulance Services Market Scope and Market Estimation
1.2.1. Global
Air Ambulance Services Overall Market Size, Revenue (US$ Mn), Market CAGR (%),
Market forecast (2023 - 2033)
1.2.2. Global
Air Ambulance Services Market Revenue Share (%) and Growth Rate (Y-o-Y) from
2019 - 2033
1.3. Market
Segmentation
1.3.1. Component
of Global Air Ambulance Services Market
1.3.2. Technology
of Global Air Ambulance Services Market
1.3.3. Service
Operator of Global Air Ambulance Services Market
1.3.4. Region
of Global Air Ambulance Services Market
2.
Executive
Summary
2.1. Global
Air Ambulance Services Market
Industry Trends under COVID-19 Outbreak
2.1.1. Global
COVID-19 Status Overview
2.1.2. Influence
of COVID-19 Outbreak on Global Air
Ambulance Services Market Industry Development
2.2. Market
Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact
Analysis of Drivers and Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Bargaining
Power of Suppliers
2.5.2. Bargaining
Power of Buyers
2.5.3. Threat
of Substitutes
2.5.4. Threat
of New Entrants
2.5.5. Competitive
Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. Russia-Ukraine
War Impacts Analysis
2.8. Economic
Downturn Analysis
2.9. Market
Investment Opportunity Analysis (Top Investment Pockets), By Segments & By
Region
3.
Global
Air Ambulance Services Market Estimates & Historical Trend Analysis (2019 -
2022)
4.
Global
Air Ambulance Services Market Estimates & Forecast Trend Analysis, by AIRCRAFT TYPE
4.1. Global
Air Ambulance Services Market Revenue (US$ Mn) Estimates and Forecasts, by AIRCRAFT
TYPE, 2019 to 2033
4.1.1. Fixed-Wing
4.1.2.
Rotary-Wing
5. Global Air Ambulance
Services Market Estimates & Forecast Trend Analysis, by Service Operator
5.1. Global
Air Ambulance Services Market Revenue (US$ Mn) Estimates and Forecasts, by Service Operator,
2019 to 2033
5.1.1. Hospital-based
5.1.2. Independent
5.1.3. Government
6.
Global
Air Ambulance Services Market Estimates & Forecast Trend Analysis, by Region
6.1. Global
Air Ambulance Services Market Revenue (US$ Mn) Estimates and Forecasts, by Region,
2019 to 2033
6.1.1. North
America
6.1.2. Europe
6.1.3. Asia
Pacific
6.1.4. Middle
East & Africa
6.1.5. South
America
7.
North America Air Ambulance Services
Market: Estimates & Forecast Trend
Analysis
7.1.
North America Air
Ambulance Services Market Assessments & Key Findings
7.1.1. North
America Air Ambulance Services Market Introduction
7.1.2. North
America Air Ambulance Services Market Size Estimates and Forecast (US$ Million)
(2019 – 2033)
7.1.2.1.
By AIRCRAFT TYPE
7.1.2.2.
By Service
Operator
7.1.2.3. By
Country
7.1.2.3.1. The
U.S.
7.1.2.3.2. Canada
7.1.2.3.3. Mexico
8.
Europe Air Ambulance Services
Market: Estimates & Forecast Trend
Analysis
8.1. Europe
Air Ambulance Services Market Assessments & Key Findings
8.1.1. Europe
Air Ambulance Services Market Introduction
8.1.2. Europe
Air Ambulance Services Market Size Estimates and Forecast (US$ Million) (2019 –
2033)
8.1.2.1.
By AIRCRAFT TYPE
8.1.2.2.
By Service
Operator
8.1.2.3. By
Country
8.1.2.3.1. Germany
8.1.2.3.2. U.K.
8.1.2.3.3. France
8.1.2.3.4. Italy
8.1.2.3.5. Spain
8.1.2.3.6. Russia
8.1.2.3.7. Rest
of Europe
9.
Asia Pacific Air Ambulance Services
Market: Estimates & Forecast Trend
Analysis
9.1. Asia
Pacific Market Assessments & Key Findings
9.1.1. Asia
Pacific Air Ambulance Services Market Introduction
9.1.2. Asia
Pacific Air Ambulance Services Market Size Estimates and Forecast (US$ Million)
(2019 – 2033)
9.1.2.1.
By AIRCRAFT TYPE
9.1.2.2.
By Service
Operator
9.1.2.3. By
Country
9.1.2.3.1. China
9.1.2.3.2. Japan
9.1.2.3.3. India
9.1.2.3.4. Australia
9.1.2.3.5. South
Korea
9.1.2.3.6. ASEAN
9.1.2.3.7. Rest
of Asia Pacific
10.
Middle East & Africa Air Ambulance Services
Market: Estimates & Forecast Trend
Analysis
10.1. Middle
East & Africa Market Assessments & Key Findings
10.1.1. Middle East & Africa Air
Ambulance Services Market Introduction
10.1.2. Middle East & Africa Air
Ambulance Services Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
10.1.2.1.
By AIRCRAFT TYPE
10.1.2.2.
By Service
Operator
10.1.2.3. By
Country
10.1.2.3.1.
U.A.E.
10.1.2.3.2.
Saudi Arabia
10.1.2.3.3.
Egypt
10.1.2.3.4.
South Africa
10.1.2.3.5.
Rest of Middle East &
Africa
11.
South America Air Ambulance Services
Market: Estimates & Forecast Trend
Analysis
11.1. South
America Market Assessments & Key Findings
11.1.1. South
America Air Ambulance Services Market Introduction
11.1.2. South
America Air Ambulance Services Market Size Estimates and Forecast (US$ Million)
(2019 – 2033)
11.1.2.1.
By AIRCRAFT TYPE
11.1.2.2.
By Service
Operator
11.1.2.3. By
Country
11.1.2.3.1.
Brazil
11.1.2.3.2.
Argentina
11.1.2.3.3.
Colombia
11.1.2.3.4.
Rest of South America
12. Competition
Landscape
12.1. Global
Air Ambulance Services Market Competition Matrix & Benchmarking, by Leading
Players / Innovators / Emerging Players / New Entrants
12.2. Global
Air Ambulance Services Market Competition White Space Analysis, By Service
Operator
12.3. Global
Air Ambulance Services Market Competition Heat Map Analysis, By Service
Operator
12.4. Global
Air Ambulance Services Market Concentration & Company Market Shares (%)
Analysis, 2022
13. Company
Profiles
13.1.
Global
Medical Response.
13.1.1. Company
Overview & Key Stats
13.1.2. Financial
Performance & KPIs
13.1.3. Product
Portfolio
13.1.4. Business
Strategy & Recent Developments
* Similar details would be provided for all the
players mentioned below
13.2.
Air
Methods Corporation
13.3.
PHI
Air Medical
13.4.
Lifeguard
Air Ambulance
13.5.
Acadian
Air Med
13.6.
AeroCare
Medical Transport System
13.7.
Air
Ambulance Worldwide
13.8.
REVA,
Inc.
13.9.
Babcock
Scandinavian Air Ambulance
13.10. Jet Rescue Air Ambulance
13.11. AirMed International
13.12. AMR Air Ambulance
13.13. other
14.
Research
Methodology
14.1. External
Transportations / Databases
14.2. Internal
Proprietary Database
14.3. Primary
Research
14.4. Secondary
Research
14.5. Assumptions
14.6. Limitations
14.7. Report
FAQs
15.
Research
Findings & Conclusion
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Air Ambulance Services Market was valued at USD 17.32Billion in 2022.
Air Ambulance Services Market size will increase at approximate CAGR of 11.21% during the forecasted period.
Major companies operating within the Air Ambulance Services Market are Global Medical Response, Air Methods Corporation, PHI Air Medical, Lifeguard Air Ambulance, Acadian Air Med, AeroCare Medical Transport System, Air Ambulance Worldwide, REVA, Inc., Babcock Scandinavian Air Ambulance, Jet Rescue Air Ambulance, AirMed International, AMR Air Ambulance and other.
North America dominates the market with an active share of 47%.
Only Three Thousand Four Hundred Ninety Nine US dollar
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