ID: MRFR/A&D/5801-CR | February 2021 | Region: Global | 136 pages
Air Ambulance Services Market Overview
Air Ambulance services is an air evacuation and transportation service that is a facility offered to patients in case of any severe emergencies. The air ambulance can be a helicopter or an airplane that has all the emergent medical facilities and first aid with the relevant tools that can be used to ensure proper convenience and optimum healthcare facility. The air ambulance system includes skilled medical professionals who can provide immediate treatment to the patients until taken to the nearest hospital. The main equipment that is present in the Air Ambulance includes monitoring systems, breathing apparatus, and defibrillators. The benefits of this service eliminate the risk of road traffic and congestion in case of the areas affected by natural disasters, epidemic outbreaks, or wars.
The Air Ambulance manufacturers are investing in advanced technologies so the turnaround time and cost can be improved. The main prospect is to develop an air ambulance that is fabricated with functional electronics into complex structures using 3D printing that operate effectively in adverse weather conditions like a tsunami, droughts, and stormy weather.
During the outbreak of the COVID-19 various industries were affected so severely. In the global pandemic and the entire globe was stuck in lockdown, at that time there was surging demand for helicopter emergency for the medical services from the hospital, health insurances increased the demand of the facility.
Governments were concerned and they decided that social isolation was the best way to deal with and try to contain this novel virus. They imposed mandatory quarantines and lockdowns. The result was devastating for most industries and businesses around the world. They were forced to close down. The investment in the healthcare domain has grown during the Covid-19 situation, so likely the usage and demand for the Air Ambulance Services have been increased for the emergency medical services. The situation was worse and the air ambulance was a safer option to protect the patients, families and the crew members were safer and the spread of the coronavirus was minimized.
The global air ambulance services market is growing at a significant rate with the increasing per capita healthcare expenditure and rise in the number of advanced hospitals and ER visits. The global air ambulance services market is projected to account for USD 9.50 Billion by 2027, registering a CAGR of 9.98% during the forecast period of 2020 to 2027. In 2018, the market was dominated by North America followed by Europe and Asia-Pacific, respectively.
The increased incidences of various chronic diseases expected a severe demand for the Air Ambulance Services. The rapid technological advancements in the Air Ambulance Services have driven the Air Ambulance Services Market.
The stringent rules and regulations by the governments have become a strain for the medical services. Every manufacturer and producer has to follow the guidelines and the permissions from the governing agencies.
The Global Air Ambulance Services Market is segmented based on Vehicle Type, Service Type, Application, and Region.
Based on the service type, it is divided into hospital services, community services, and Government and independent services. In the forecast period, the independent segment is anticipated to share the highest market shares by increasing the partnerships between private players and community health organizations.
The hospital-based segment is the fastest-growing growing sector in the forecast period.
By Vehicle Type
Rest of Asia Pacific
The Middle East and Africa
As per the regional analysis, North America dominates the entire Air Ambulance Services Market. In 2018, the market is valued at $6.298 million and will keep on growing during the forecast period. Afterward, Europe is the second-largest market as per the review period. In North America, it is expected to register a CAGR of 2.08% during the forecast period. The major factors are favorable medical policies.
The Europe region is continuing to lead the Air Ambulance Services Market Research is capturing the maximum health care sector. With the flourishing demands for users and increased awareness for health, precautionary measures are taken very seriously also, the other regions are contributing to the overall growth. Countries like India are also major contributors to the market revenues. In Canada, the increased number of pedestrian deaths is a reason to propel the overall growth of the air ambulance services market.
The Global Air Ambulance Services Market has a very wide competition in terms of manufacturing, production, price and revenue, and the market share in the forecast period.
Out of the major market players, Air Methods Corporation provided the best emergency air medical treatment and transport services through the Air Ambulance Services Market in the urban and rural areas. This corporation has made a sustainable market position in the global market by investing high amounts in integrating high safety programs.
For the new entrants, the market competition has raised the standards in terms of quality and price of the services. Some of the major key players of the Global Air Ambulance Services Market are mentioned below:
The Air Ambulance Services Market provided a complete analysis of the market growth in the forecast period. The segments have been described and the market trends and factors responsible for the market growth have been discussed. The market dynamics involve the restraining factors and the driving reason of the global market.
The qualitative and quantitative analysis has shown the industry growth in terms of development and product durability. The key opinions for the leading market players have been discussed. The report has given a clear picture of the market scenarios in terms of value, technological advancements, and governing factors to grow the market. The collaborations and growth strategies have also been elaborated.
With the increased Covid-19 situation the Air Ambulance Services Market is expected to propel the global market at a larger scale.
Frequently Asked Questions (FAQ) :
9.98% is the CAGR of the Global Air Ambulance Services Market.
Global Air Ambulance Services Market will collect revenue of USD 9.50 Billion.
The growth period for the Global Air Ambulance Services Market is from 2020 to 2027.
The market USP for the Global Air Ambulance Services Market the escalating per capita healthcare expenditure and increase in the number of advanced hospitals and ER visits is the market USP
Global Air Ambulance Services Market is restrained by the high costs of the services and the absence of required infrastructure. These might hamper the growth of the market.