Air Ambulance Market Forecast and CAGR
According to the latest research by Fact.MR., the air ambulance market is set to witness steady growth during 2021-2031. Significant Demand for air ambulance due to pandemic situation, with optimistic growth outlook in the long-run. Rising demand from Air Ambulance due to it manage efficiently in unfavourable weather conditions such asdroughts,tsunami, and stormy weather. This will increase the opportunities in near future, however, the service of air ambulance reduced the risk of congestion in case of the areas affected by natural disasters and road traffic. However, strict safety guidelines for air ambulance services Federal Aviation Administration will hamper the market to some extent. Air ambulance services are equipped with advanced life care services (ALS). The Air ambulance market is dominated by North America, Europe and Asia-Pacific
What is Driving Demand for Air Ambulance?
The growing demand for air ambulance favourable policies for reimbursement, quick medical assistance will accelerate the market growth. Moreover,the necessity for advanced emergency accidental care servicesand governmental initiative to enhancing the emergency care standards is expected to drive the global air ambulance services market.
In addition, an important market driving factor is air ambulance services have included the capability to reach faster and advance medical facility as compared to a road ambulance. Moreover, the increasing prevalence of chronic disease and severe road accident caused critical situations to require critical care facility. For instance, according to the World Health Organization (WHO) report, 17.5 Mn people die due to cardiovascular disease
Furthermore, the promptly growing medical tourism industry in developing countries will also accelerate the demand for the air ambulance. For instance, according to the Health Service model by the Directorate-General of Commercial Intelligence report 2017, in India approximately fifty-eight thousand medical tourists on medical visas
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Increased Incidences of Severe Medical Situations to Augment Demand of Air Ambulance Services
The rising incidence of critical medical situations such as stroke, road accident, earthquake injuries increases the demand for air ambulance services. Moreover, advanced air ambulances allow easy transportation of critical patients from residence or place of accident to hospitals. This is expected to serve as the big movement for the growth of the air ambulance market
The US and Canada Air Ambulance Market Outlook
The US is leading the air ambulance services market and hold the largest revenue share in 2020. Presence of prominent air ambulance service providers in the US and Canada for instance Acadian Companies, Air Methods, PHI Air Medical and Air Medical Group Holdings.
Moreover, easy accessibility of the infrastructure required for air medical transportation. In addition, the availability of favourable reimbursement policies also expected to drive the market. For instance, in the US non-emergency and emergency ambulance services are covered under Medicare. In addition, well established and developed healthcare infrastructure is also expected to drive the market for air ambulance services over the forecast period.
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Europe Demand Outlook for Air Ambulance
The Air Ambulance manufacturers are investing in European countries to advanced technologies to improve time and cost. Moreover, advanced services such as online booking of ambulance services also benefit the European market. Moreover, the rising number of hospitals with air ambulance facilities, and increasing emergency healthcare expenditure will be driving the market growth across various regions of the country.
Who are the Key Manufacturers and Suppliers of Air Ambulance?
Some of the leading manufacturers and service provider of air ambulance include
- Air Methods Corporation
- Air Medical Group Holdings
- PHI Air Medical
- Metro Aviation
- ADAC Service GmbH
- Royal Flying Doctor Service
- REVA Air Ambulance
- Capital Air Ambulance
- Native American Air Ambulance
- Scandinavian Air Ambulance
- Airmed International
- Babcock Scandinavian Air Ambulance
- Yorkshire Air Ambulance
Many leading service providers and manufacturer focusing on geographical expansion and investing heavily in research and development to manufacture technologically advanced products. For example in August 2019, AirLife North Carolina, announced the launch of its new base in Lumberton, North Carolina
An Adaptive Approach to Modern-day Research Needs
Air Ambulance Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Service Type
By Type of Vehicle
- Rotary Wing
- Fixed Wing
- Rescue Helicopter Service
- Organ transplant logistic
- Scene Response
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- East Asia
- South Korea
- South Asia
- New Zealand
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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