The new report by Expert Market Research titled, ‘Global Air Ambulance Services Market Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global air ambulance services market, assessing the market based on its segments like service models, service types, aircraft types, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 2%
The rising healthcare expenditure, technological advancements in the medical transportation sector, thriving medical tourism industry, and rapid urbanisation are some of the major driving factors for the market. In addition to this, the rising expenditure by the government on emergency care services is likely to be a major aiding factor in the market.
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Moreover, the increasing prevalence of heart attack, stroke, trauma, and other medical problems requiring emergency action is anticipated to propel the market growth in the forecast period. In terms of region, North America accounts for a significant share in the market owing to the presence of advanced healthcare infrastructure in the United States and Canada.
Industry Definition and Major Segments
Air ambulance services are the types of services which use aircraft and helicopters to provide medical services to the patients. The air support utilised in the process are equipped with medical facilities including experienced crew, medical stretcher, and other medical aids. Moreover, air ambulance services have the ability to transport patients from accident sites to healthcare facilities in record time, which is usually difficult in case of transportation via roadways.
By service model, the market can be bifurcated into:
- Hospital-based
- Community-based
Based on service type, the market is segmented into:
- Domestic
- International
On the basis of aircraft type, the market can be classified into:
- Fixed-Wing
- Rotary-Wing
The regional markets for air ambulance service include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Market Trends
The growing cooperation between the aviation and healthcare industry is likely to be a key trend in the market. The technological advancements in commercial aircraft to provide enhanced transportation facilities to the patients in need of severe medical emergency are supporting the market.
This boosts the reliability and trust among the patients. Moreover, the increasing penetration of artificial intelligence, rapid development of autonomous aerial vehicles (AAV), and rising investments in the development of modern medical devices are anticipated to propel the market growth in the forecast period.
Key Market Players
The major players in the market are Acadian Companies, Aeromedevac, Air Methods, Alpha Star Aviation Services, and Babcock International Group PLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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