Rise in rates of trauma, stroke, and heart attacks supplemented demand for air medical services and rapid technological advancements in air ambulance services have boosted the growth of the global air ambulance services market However, strict regulations for aviation licenses and high cost of air medical services & reimbursement challenges hinder the market growth. On the contrary, growth in urban air mobility platforms and untapped potential in the Asia-Pacific region would open new opportunities for the market players in the coming years.
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According to a recent report published by Allied Market Research, titled, “Air Ambulance Services Market by Service Operator, Service Type, and Aircraft Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,”
Air ambulances are air borne medical services, which are provided to patients through aircraft or helicopters. Air ambulance includes emergency medical services, which are meant to be provided at locations where the ground medial team faces difficulty to reach on time. This includes locations, such as hills or mountains, forests or river side & several other locations, across which air ambulance service reaches easily, thereby creating an impact on the growth of the market across the globe.
Increased medical conditions and demand for emergency ailments of patients across the globe create a demand for efficient air ambulance services to be present across the globe. In addition, emergency body part transplant or curing of life threatening diseases, which need to be cured on an immediate basis, creates an increased demand for air ambulance services across the globe.
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The global air ambulance services industry size is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated in 2020, holding nearly two-fifths of the market. However, the market across the Asia-Pacific region is projected to showcase the highest CAGR of 13.7% during the forecast period.
The global air ambulance services market report includes an in-depth analysis of the prime market players such as Aeromedevac, Acadian Companies, Alpha Star, Air Methods, Gulf Helicopters, Babcock Scandinavian AirAmbulance, Express Aviation Services, European Air Ambulance, PHI Inc., and REVA Inc.
Based on service operator, the hospital based segment is expected to portray the highest CAGR of 11.9% during the forecast period. However, the independent segment held the largest share in 2020, contributing to more than two-fifths of the market.
On the basis of aircraft type, the rotary-wing segment is projected to manifest the highest CAGR of 12.2% during the forecast period. However, the fixed-wing segment held the lion’s share in 2020, accounting for nearly three-fourths of the market.
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Key Findings Of The Study
- By service operator, the hospital based segment is expected to register significant growth during the forecast period.
- On the basis of service type, the international segment is anticipated to exhibit significant growth in the future.
- On the basis of aircraft type, the rotary-wing segment is anticipated to exhibit significant growth in the future.
- Asia-Pacific is anticipated to register the highest CAGR.
Factors, such as increasing rates of trauma, stroke, & heart attacks to propel demand for air medical services and rapid technological advancements in air ambulance services, create opportunities for the growth of the market across the globe. However, stringent regulations for aviation license and high cost of air medical services & reimbursement challenges create a barrier for the growth of the air ambulance services market across the globe. Moreover, growth in urban air mobility (UAM) platform and acquiring the untapped potential of Asia-Pacific create numerous opportunities for the growth of air ambulance services market across the globe.