Air Ambulance Services Market Analysis Report By Type, By Service Model, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global air ambulance services market was prized by USD 5.3 billion in 2020. It is estimated to witness 10.0% CAGR from 2021 to 2028.

Drivers

Usually, chronic illnesses like stroke and cardiac complaints needs an urgent situation medicinal response. In the state of such urgent medicinal circumstances, air ambulance services offer fast response. These ambulances are ready with highly developed as well as modern medicinal treatment for the patients, suffering from trauma, cardiac, chronic obstructive pulmonary disorder and stroke.

It is estimated that out of the total global GDP, 9.0% amount will be used up on the healthiness, by 2040. The per capita spending on physical condition in high-income nations is expected to be USD 9,019. In contrast, upper-middle-income nations are likely to expend each one USD 1,935.0 on fitness. The lower-middle-income nations are likely to spend on fitness per person USD 507.0, but the low-income nations are projected to pay out each person USD 164.0.

An augmentation in per person healthcare spending is likely to contain an optimistic result on the hospital management, treatment amenities and the wages of medical experts. It assists in decreasing the expenditure on pharmaceutical products, in addition to medical actions.

The escalation in per person healthcare spending can help in beating the difficulty like scarcity of medical services and experts. An augmentation in the accessibility of these sources is projected to add to the enlargement of the air ambulance services market.

The existence of a huge populace group of more than 60 years age, which usually contains a lesser resistance stage and is likely to have spinal injuries, neurological complaints, cancer, and cardiac troubles are likely to be a greater impact making driver for the expansion of the market, during the forecast period.

As stated by the World Health Organization (WHO), the figure of citizens having age 65 years or more is expected to increase from a probable 524 million in 2010 to almost 1.5 billion in 2050, globally.

The aged populace is very much vulnerable to the illnesses like obesity, arthritis, osteoporosis, heart attacks and stroke. The patients affected by such sicknesses may perhaps necessitate an urgent situation in addition to a non emergency ambulance service type. Therefore, the growing aged populace is expected to give rise to the augmentation of the market.

Type Insight

The rotary-wing section detained the major 76.8% revenue share and led the air ambulance services market, in 2020. Usually, the word rotary wing is used for the helicopters, in this market. The fast response phase along with price efficiency is the most important advantages of helicopter sourced ambulance services. In urgent situations, particularly when a fast response time is anticipated, helicopters help patients. The helicopters are a superior alternate to ground ambulances because they are able to land nearly everywhere, together with paved areas, fields, roads, overcrowded urban areas and parks. But, as a result of small fuel capability, they contain a concise working limit.

Since, they contain superior fuel capability, as contrast to rotary-wing aircraft, fixed-wing air ambulances are capable to make journey of extensive distances. The propeller type aircrafts are frequently utilized for the small distances. A few propellers powered aircrafts are moreover recognized as turboprops. Occasionally these are utilized for the out station or long distance travel.

As contrast to the helicopters, business jets are competent for the transportation of additional medicinal apparatuses along with human resources. These are utilized for the extended distance service pattern. In addition, fixed-wing aircraft are able to work in bad climate circumstances with no compromising patient’s class of carefulness and coziness.

The growth in medicinal tourism, in addition to the capability to work in unfavorable climate conditions is the most important two reasons, which can be credited to an enlargement in demand for fixed-wing air ambulance services.

Service Model Insight

The hospital-based section detained the leading 79.9% revenue share and led the air ambulance services market, in 2020. It is expected to observe a substantial development speed, during the forecast period. In general, hospital presents a medicinal squad along with the associates including an aviation service supplier for aircraft, mechanics and pilots, in a hospital-based service mode.

The community-based section is likely to observe sizeable expansion speed, during the forecast period. A self-regulating operator contains a central system in a community and work for a variety of locality as well as a service forms, in a community-based service model. The operator possesses FAA documentation and makes use of its specific flight and medicinal team. A growth in the necessity for the admittance to healthcare in rustic neighborhood has initiated the expansion of community-based air ambulance services.

Regional Insight

In 2020, North America held the main, 52.0% revenue share and led the global air ambulance services market. The state is projected to observe substantial, 9.2% CAGR, during the forecast period. North America possesses the infrastructure, necessary for the air medical transportation. Besides, it is accessible without any difficulty. Also, it has highest amount of providers for the air ambulance services. The existence of positive compensation strategies moreover maintains the enlargement of this region. The existence of extremely developed healthcare infrastructure is furthermore projected to impel the market for air ambulance services, during the forecast period.

The market for these services in Asia Pacific is expected to observe the highest expansion, during the forecast period. The existence of nations like Japan, China, and India, is projected to increase the augmentation of the market for air ambulance services, within the region. The fast rising medicinal tourism business, within these nations, can furthermore be credited to the growing demand for the air ambulance services, within this state.

Companies

The major companies are in the process of implementing policies like new product presentation, mergers & acquisitions and joint venture, to make stronger their grip in the global market. The companies are strongly spending on R&D activities to produce technically sophisticated products.

Some of the companies for air ambulance services market are:

• IAS Medical, Ltd.
• Lifeguard Air ambulance
• Express Air Medical Transport
• PHI Air Medical
• American Air Ambulance
• Acadian Ambulance
• REVA, Inc.
• Babcock Scandinavian Air Ambulance
• AMR

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Million Insights has segmented the global air ambulance services market report on the basis of type, service model, and region:

• Type Outlook (Revenue, USD Million, 2016 - 2028)
    • Rotary-wing
    • Fixed-wing

• Service Model Outlook (Revenue, USD Million, 2016 - 2028)
    • Hospital-based
    • Community-based

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • Japan
        • China
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa
        • Saudi Arabia