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An air ambulance is a specially equipped helicopter or fixed-wing aircraft that transports injured or sick people in medical emergencies or over distances or terrain that are impossible for a traditional land ambulance. Fixed-wing aircraft are also increasingly used for long-distance patient transport and repatriation from overseas. In certain circumstances, the same aircraft may be used to search for missing or wanted persons. Air ambulances, like land ambulances, are equipped with essential medical equipment for the monitoring and treatment of injured or ill patients. Common air ambulance equipment includes medications, ventilators, CPR equipment, stretchers etc. The air ambulance service helps to save the lives of patients and also reduce time. The increase in the number of accidents and the occurrence of several situations that may cause severe injuries and harm to the lives of people are anticipated to drive the demand for emergency care, which also includes air ambulance service. These factors are anticipated to provide ample of new growth opportunities for the market during the estimated time period.
According to the World Health Organization (WHO), chronic diseases are the leading cause of death worldwide, accounting for more than 60% of all deaths. Nearly 80% of deaths from chronic diseases occur in middle- and low-income countries. It is estimated that by 2025, more than 49% of the US population will be affected by chronic diseases. Heart disease and stroke account for 30% of deaths in the United States. Cardiovascular diseases are the leading cause of death worldwide. Stroke is the second leading cause of death worldwide. According to the WHO, it is estimated that by 2023 chronic diseases will account for 3/4 of total deaths worldwide, of which 71% will be caused by ischemic heart disease and 75% by stroke. The presence of a large population over the age of 60, who generally have lower levels of immunity and are prone to neurological diseases, heart problems, cancer and spinal injuries, is projected to be a major factor driving the market growth over the forecast period. According to the WHO, the number of people aged 65 and over is expected to increase worldwide, from about 524 million in 2010 to nearly 1.5 billion in 2050. The geriatric population is highly susceptible to diseases such as arthritis, heart attacks, strokes, osteoporosis and obesity. Patients with such illnesses may require both an emergency and a non-emergency ambulance service model. Therefore, the increase in the geriatric population will likely lead to an increase in the demand for air ambulance services and is expected to drive its growth during the estimated time period.
An increase in per capita healthcare spending is expected to have a positive impact on the salaries of healthcare professionals, treatment facilities and hospital administrators and help reduce the cost of medical procedures. Increasing per capita health expenditure can help overcome the problem of shortage of medical professionals and facilities. The increase in the availability of these resources is expected to provide rising new growth opportunities for the market over the forecast period.
The cost of using an air ambulance can vary greatly, depending on the type of aircraft, the medical care required and the distance to be covered. However, the average price for an ambulance with one patient compartment is $ 2 million in the US. The cheapest option is a helicopter for $ 500,000, while private jets can cost millions. The final price is also influenced by the level of medical care, and some patients will have to travel with a specialized team. This is a key factor that is expected to restrain market growth over the forecast period.
The number of medical plane accidents has increased significantly over the recent years, according to public data and transportation authorities. This rather worrying trend began in the early 1990s and then doubled from 2000 to 2005. After a safety report revealed that nearly half of all first aider deaths occurred in air ambulances, the governments across the world have published a series of guidelines to prevent such fatal accidents. The risk associated with safety is expected to be a major challenge for the market growth over the forecast period.
The report provides in-depth analysis of global Air Ambulance Services market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. With increasing demand for air ambulance services in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2029.
The global Air Ambulance Services market comprises of different market segment like type, service, aircraft type, applications and geography.
By type, the Air Ambulance Services market includes the key segments of
The rotary wing segment is expected to dominate the market over the forecast period. The main advantages of the rotary wing system which involves helicopter air ambulance services, are that they are cost effective and provides a quick response time. Helicopters serve patients in emergencies, especially when a quick response time is expected. Helicopters are a good substitute for land ambulances as they can land almost anywhere including streets, parks, fields, congested urban areas and paved areas. However, due to low fuel capacity, they have a short range. Helicopter air ambulances can be used in various situations, mainly for emergency response. Hospitals use rotary wing air ambulance services to transport the medical team to a patient's location and then escort them back to the hospital.
On the other side, the fixed wings segment is expected to witness the fastest growth over the forecast period. Air ambulances with fixed wings can cover long distances because they have a better fuel capacity than the rotating wing aircraft. Aircraft with propellers are generally used for short distances. Some aircraft controlled by the propeller are also known as turbo-phopropulsor and are sometimes used for long -lasting and/or outdoor trips. Company rays are used for service models at a longer distance and are able to wear more equipment and medical staff than helicopters. In addition, fixed wings aircraft can work in unpleasant weather conditions without compromising the comfort and quality of patient care. The ability to operate in adverse weather conditions and an increase in medical tourism are two major reasons that can be attributed to the growing demand for fixed-wing air ambulance services.
The Air Ambulance Services market offers services like
The hospital services segment is expected to lead the market during the forecast period. In a hospital service model, a hospital typically provides the medical team and partners with an aviation service provider for aircraft, pilots, and mechanics. The lack of specialist care and medical physicists in some areas has led to increased use of air ambulance services to quickly transfer patients to specialist hospitals. This factor is expected to drive the growth of the segment.
The community services segment is expected to register a considerable growth rate over the forecast period. In a community service model, an independent operator has established a base in a community and serves different locations and service models. A growing need for access to health care in rural areas has led to the growth of community air ambulance services. This is a key factor that is expected to propel the growth of the segment.
The Air Ambulance Services market has major applications in
The inter-facility segment is expected to dominate the market over the forecast period due to the rise in prevalence of cardiovascular diseases which requires critical and emergency medical care Inter-facility transport is the transport of patients between two healthcare facilities. The process is usually carried out by land transport or by air. It is an essential part of today's healthcare system, allowing facilities to move patients who need specialized care that cannot be adequately provided at their current facility. . The deployment of emergency medical services (EMS) between facilities ensures that a patient receives the care they need in a quick and safe manner.
The rescue helicopter service segment is expected to grow at a significant rate over the forecast period. This is due to increase in demand for rescue helicopters in emergency conditions and the use of rescue helicopters for transport of patients in remote locations.
The global Air Ambulance Services market is studied for the following regions
North America is expected to dominate the market over the forecast period. North America has the largest number of air ambulance services, and the infrastructure needed for medical air travel is also easily accessible. Furthermore, the presence of a favourable reimbursement policy also supports the growth of this region. Furthermore, the presence of a highly developed healthcare infrastructure should stimulate market growth in the coming years.
The Asia-Pacific region is expected to witness the fastest growth during the forecast period. The presence of developing countries such as China, India and Japan should drive market growth in the Asia-Pacific region. Furthermore, the rapidly growing medical tourism industry in these countries can also be attributed to the increased demand for air ambulance services in this region. For example, according to data from Financial Express, India experienced more than 40% growth in free trade agreements between 2017 and 2019, with the number of tourists increasing from 495,056 in 2017 to 697,000 in 2019.
Axiom MRC provides a 360 degree analysis of micro and macro-economic factors in the global Air Ambulance Services market. In addition, a complete analysis of changes on the global Air Ambulance Services market expenditure, economic and international policies on supply and demand side is provided in this exclusive report. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The COVID-19 pandemic has had a positive impact on the air ambulance market. This is due to an increase in demand for air ambulances during the pandemic period. For example, the International Critical Care Air Transfer Team (ICATT), an air ambulance service company based in Bengaluru, India has seen a 500% increase in demand during the pandemic. Before the pandemic, ICATT was transferring 15 to 20 critically ill patients in a month, which has grown to about 300 patients per month. A similar increase in demand has been seen around the world. In order to meet the increasing demand, many market participants have also made several strategic changes. This is expected to provide new growth opportunities for the market over the forecast period.
The competitive landscape analysis of Air Ambulance Services market is primarily focused on expanding the global growth of air ambulance services with new product innovation, business expansion, increasing presence of range of manufacturer operating in the air ambulance services sector, which has led the growing demand for the market. Besides, the market offers range of services in different application to fulfil the required demand of consumer which is further contributing to healthy growth in the market.
The key players studied in market are
April 2022: Babcock Norway was awarded a new contract to provide a round-the-clock fast jet air ambulance service to the rescEU scheme. The new contract would witness Babcock provide a fast jet air ambulance capability across the EU including aircraft maintenance, the provision of personnel, and their training.
Feb 2020: Bombardier had announced the sale of two Learjet 75 Liberty aircraft to North Dakota-based Fargo Jet Center (FJC). These aircraft were to be converted to a dedicated medevac configuration and delivered to air ambulance service provider Lotnicze Pogotowie Ratunkowe (LPR), based in Warsaw, Poland.
By type, the Air Ambulance Services market includes the key segments of rotary wing and fixed wing. The rotary wing segment is expected to dominate the market over the forecast period. The Air Ambulance Services market offers services such as hospital services, community services, government services, independent services and others. The hospital services segment is expected to lead the market during the forecast period. The Air Ambulance Services market has major applications in rescue helicopter service, inter-facility, infectious diseases services, organ transport logistics and others. The inter-facility segment is expected to dominate the market over the forecast period. The global Air Ambulance Services market is studied for the following regions: North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is expected to dominate the market over the forecast period.
| Market Sizing for Year: | 2019-2029 |
| Base Year: | 2022 |
| Forecast Period: | 2023-2029 |
| Value: | USD
Million |
| Market Segment studied: | Type Services Applications |
| Market Players and its Competitors: | Air Methods Corporation Air Ambulance Specialists Air Charter Service AMR Air Ambulance Lifeguard Ambulance Service LLC. Acadian Ambulance IAS Medical, Ltd. Babcock Scandinavian AirAmbulance Gulf Helicopters European Air Ambulance Express Aviation Services Acadian Companies Aeromedevac Deccan Charters Royal Flying Doctor Service REVA Air Ambulance Native American Air Ambulance Airmed International |
FREQUENTLY ASKED QUESTIONS
What would be forecast period in the market report?
2023-2029 is the forecast period in the market report
Which is the leading application segment for Air Ambulance Services market?
Inter-facility segment has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
Which region is gaining majority of market share during the forecast period (2023-2029)?
North America is expected to gain major market share during the forecast period (2023-2029).
