Global Air Ambulance Services Market Size 2024, Forecast To 2033
6 Mar, 2024
The air ambulance services market size has grown strongly in recent years. It will grow from $17.09 billion in 2023 to $18.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to geographic challenges and inaccessibility, increased incidence of critical illnesses, trauma and accident rates, growth of medical tourism, expansion of healthcare infrastructure, aging population. The air ambulance services market size is expected to see strong growth in the next few years. It will grow to $22.39 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to global health crises and pandemics, regulatory support for air ambulance operations, population health management strategies, focus on critical care capabilities, climate change and natural disaster preparedness. Major trends in the forecast period include remote patient monitoring, integration of unmanned aerial vehicles, partnerships with healthcare systems, innovation in payment and insurance models, in-flight medical consultations.
Global Air Ambulance Services Market Key Driver
The air ambulance services market is poised for growth, fueled by the rising prevalence of chronic diseases globally. Chronic illnesses, characterized by prolonged duration and gradual onset, contribute significantly to healthcare demands. Air ambulance services play a crucial role in swiftly transporting critically ill patients with chronic conditions to specialized medical facilities via aircraft or helicopters. For instance, according to the World Health Organization (WHO), in 2021, approximately 10.6 million individuals contracted tuberculosis worldwide, with 1.6 million fatalities. Additionally, 1.5 million people were newly infected with HIV in 2021, resulting in 650,000 deaths. Hence, the escalating incidence of chronic diseases propels the expansion of the air ambulance services market.
Get A Free Sample Of The Global Air Ambulance Services Market ReportGlobal Air Ambulance Services Market Segments
The air ambulance services market covered in this report is segmented –
1) By Type: Rotary-Wing, Fixed-Wing
2) By Service Type: Domestic, International
3) By Service Operator: Hospital Based, Independent, Government
4) By Application: Inter-Facility, Rescue Helicopter Service, Organ Transplant Logistics, Overweight Patient Transport, Infectious Disease Service, Neonatal Transport, Patient Transport, Other Applications
By Geography:The regions covered in the air ambulance services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the air ambulance services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global air ambulance services market during the forecast period. The regions covered in the air ambulance services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Air Ambulance Services Industry Players
Petroleum Helicopters International Inc., Babcock International Group plc, REVA Inc. - Air Medical Group Holdings, Acadian Ambulance Service Inc., Air Methods Corporation, Express Aviation Holdings Inc., American Medical Response, Lifeguard Ambulance Service LLC, IAS Medical Ltd., American Air Ambulance, Gulf Helicopters Company, European Air Ambulance, Air Charter Services Pvt. Ltd., California Shock Trauma Air Rescue, AirMed International LLC, Guardian Air (Pty) Ltd., AirLink Ambulance USMX, Life Flight Network, Medicopter Air Ambulance, Shoal Creek EMS, Air Evac Lifeteam, Global Medical Response, Air Care, Sky Medical Transport, REACH Air Medical Services, ARCH Air Medical Service, CareFlight, Eagle Air Medical, LifeNet Health, Metro Aviation Inc.
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Air Ambulance Services Market Overview
Air ambulance service refers to patient medical transportation by helicopter or airplane. Air ambulance services are helpful to quickly transfer critically injured patients from one place to another who require urgent medical attention from a better healthcare facilities.
Air Ambulance Services Global Market Report 2023 provides data on the global air ambulance services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The air ambulance services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.