According to the latest report by IMARC Group, the global air ambulance market Share reached US$ 5.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2027, exhibiting a CAGR of 10.5% during 2022-2027.
Industry Definition and Application:
Air ambulance services are a type of air rescue, medical aid and transportation service provided to patients in an emergency. An air ambulance utilizes a helicopter or an aircraft fitted with medical supplies and equipment to ensure the provision of optimum treatment and convenience when traveling. Some of the common medical supplies in an air ambulance include breathing apparatus, control systems, and defibrillators. The system also involves trained emergency personnel who immediately treats the patient before the ambulance arrives at the nearest hospital. Air ambulances help reduce traffic congestion and are particularly useful in areas impacted by natural disasters, conflicts, and epidemics.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Air Ambulance Market Trends:
The global air ambulance market is being driven by rapid growth in the healthcare sector. As compared to conventional emergency services, air ambulances enable quicker travel and effectively cater to critical medical emergencies, such as car crashes or burns, which is contributing to the market growth. Furthermore, cardiac ailments, including heart attacks and other serious health concerns such as brain stroke, demand urgent medical attention, which has created a global requirement for air ambulance services.
Moreover, numerous technological advancements, such as the development of online booking platforms, are contributing to the market growth. Other than this, revised emergency healthcare budgets and a growing number of hospitals capable of providing air ambulance services are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global air ambulance market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on vehicle type, service type and application.
Breakup by Vehicle Type:
- Rotary Wing
- Fixed Wing
Breakup by Service Type:
- Hospital Services
- Community Services
Breakup by Application:
- Medical Care
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
The report has also analyzed the competitive landscape of the market with some of the key players being PHI Air Medical, Air Ambulance Specialists, Babcock Scandinavian AirAmbulance, Express Air Medical Transport, Lifeguard Air Ambulance, Native American Air Ambulance, Metro Aviation Inc., The Royal Flying Doctor Service, REVA Air Ambulance, Yorkshire Air Ambulance, EAA, Capital Air Ambulance and AirMed International, etc.
IMARC Group’s latest report provides a deep insight into the global air ambulance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the air ambulance market in any manner.
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