Air Ambulance Services Market to Generate Revenue Worth $15.9 Billion by 2030

The global air ambulance services market was valued at $8.9 billion in 2019, and is expected to reach about $15.9 billion by 2030 progressing at a CAGR of 5.4% during the forecast period (2020–2030). The hospital-based bifurcation is expected to grow at the higher rate during the forecast period, between the two service types.

The air ambulance services market was dominated by the rotary-wing category during the historical period (2014–2019), based on aircraft type. This can be mainly attributed to the fact that the majority of the patient transports in developed countries, such as the U.S. and the U.K., are done by helicopters.

Growing government efforts for increasing air ambulance services is the key trend

The increasing efforts of the government in various countries, especially developing nations, to deploy air ambulance service in specific areas are a leading trend in the air ambulance services market. For instance, in August 2019, the government of Tamil Nadu, India, announced that it is setting up air ambulance facilities to transport patients or people injured in road accidents at faraway places, to healthcare centers situated within a 200–300 km radius. Furthermore, China has also launched a pilot project for conducting air ambulance operations, for patients at places which lack medical facilities.

Rising number of air ambulance fleet and number of patients being transported is driving the market

Many countries are witnessing the growing inclusion of helicopter fleets leading to the growing number of air ambulance bases, thereby providing a boost to the air ambulance services market, globally. This is mainly being done to provide faster services at more-accident-prone and medical-care-facility-lacking areas. Additionally, leading private and public hospitals are providing air ambulance services, under partnership with the operators, which requires the latter to acquire and deploy larger fleets, thus leading to the growth of the market.

Segmentation Analysis of Air Ambulance Services Market

The rotary-wing category dominated the air ambulance services market during the historical period, on the basis of aircraft type, owing to the fact that that rotary-wing aircraft are majorly used for short- and medium-distance transport and mainly within the city or state boundaries.

The hospital-based category is projected to grow at a higher rate than the community-based service type, in the air ambulance services market, during the forecast period. It is owing to the fact that a greater number of public health centers are integrating air ambulance services for patients in emergency situations, especially in emerging economies.

Geographical Analysis of Air Ambulance Services Market

North America dominated the air ambulance services market during the historical period, and it is further expected to possess a significant share during the forecast period. It is because of the fact that the number of critical patients and victims of road accidents, requiring immediate medical care, is rising at a significant rate in both, the U.S. and Canada. Additionally, majority of the leading players are situated in the region, and the affordability of these services among the people is higher here than in other regions, which is further supporting its domination on the global market.

Asia-Pacific (APAC) is projected to grow at the highest rate in the air ambulance services market, during the forecast period. The factors responsible for the advance of the regional market include the growing presence of helicopter ambulance services and rising number life-threatening-disease patients requiring immediate medical care. Further, the governments of numerous regional nations are making efforts for introducing air ambulance services to increase the survival rate of the patients.

Competitive Landscape of Air Ambulance Services Market

The air ambulance services market is moderately consolidated in nature, with Global Medical Response Inc., PHI Air Medical LLC, IAS Medical Ltd., European Air Ambulance (Luxembourg Air Ambulance SA), Yorkshire Air Ambulance Ltd., and REVA Air Ambulance Inc. as some of the major players.

Browse report overview with detailed TOC on "Air Ambulance Services Market Research Report: By Aircraft Type (Rotary-Wing, Fixed-Wing), Service Type (Hospital-Based, Community-Based) - Industry Size, Trend, Growth and Demand Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/air-ambulance-services-market

In August 2019, Svenskt Ambulansflyg, a Swedish air ambulance operator, announced plans to purchase six PC-24 twinjets from Pilatus Aircraft Ltd., thus becoming the first European operator to acquire this type for emergency medical transport.

Among the other key players in the global air ambulance services market are Lifeguard Ambulance Service LLC, Native American Air Ambulance Inc., Babcock International Group PLC, Express Air Medical Transport LLC, Air Methods Corp. (American Securities LLC), and Falck Danmark A/S.