A newly released Air Ambulance Services Market analysis report by Future Market Insights shows that global sales of the Air Ambulance Services Market in 2021 were held at US$ 5.5 Billion. With a CAGR of 12.3% from 2022 to 2032, the market is projected to reach a valuation of US$ 19.5 Billion by 2032. Rotary-wing air ambulance service is forecasted to be the most revenue-generating segment, with a CAGR of more than 12.4% between 2022 and 2032.
| Attribute | Details |
|---|---|
| Global Air Ambulance Services Market (2022) | US$ 6.2 Billion |
| Global Air Ambulance Services Market (2032) | US$ 19.5 Billion |
| Global Air Ambulance Services Market CAGR (2022 to 2032) | 12.3% |
| USA Air Ambulance Services Market CAGR (2022 to 2032) | 13.1% |
| Key Companies Profiled |
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As per the Air Ambulance Services Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value of the Air Ambulance Services Market increased at around 11.4% CAGR.
Patients suffering from a stroke, heart attack, or traumatic incident who require time-sensitive therapy in a critical care center are increasingly using air ambulance services. According to the World Health Organization, 0.8 million Americans and a million Europeans have a stroke each year. Every year, almost 4 million people in the United States are critically injured in traffic accidents. Every year, nearly 18 million people die from cardiovascular disorders around the world.
Cases of stroke, trauma, and heart attacks necessitate time-dependent medical or surgical intervention. For example, in the treatment of ischemic stroke, restoring blood flow to the brain through an emergency IV injection of recombinant tissue plasminogen activator or an endovascular operation is crucial.
Medicare and Medicaid reimburse around 60% and 34% of the estimated cost of air patient transport, respectively, leaving patients with a significant out-of-pocket expense in many circumstances. The high cost of air medical services, along with payment issues, provides a barrier to the market's global expansion.
Trauma, stroke, and heart attack incidences are on the rise, which is driving the demand for air medical services. According to DESA, the number of individuals aged 60 and above in the United Kingdom is expected to more than quadruple by 2050, from 820 million in 2021.
Japan and Germany, are already super-aged countries, with people aged 65 and up accounting for 28% and 22% of the population, respectively. One of the key reasons for the rise in chronic illness prevalence is the aging population.
In the United States today, 60% of individuals have at least one chronic ailment, and 40% of adults have two or more chronic conditions. Diabetes affects around 425 million people worldwide, according to estimates.
Air Ambulance Services will witness a surge in demand as the population ages and the prevalence of chronic diseases rises. The rising incidence of chronic diseases would result in a significant increase in the frequency of life-threatening medical situations or patients who do not have immediate access to a healthcare facility, resulting in increased demand for air medical services.
Rapid Technological Advancements in Air Ambulance Services will also drive market growth. The degree of care offered to patients being evacuated with the use of sophisticated and novel medical technology is improving in air ambulances. Furthermore, technologically enhanced communication systems enable the transmission of actual figures on a patient's condition to healthcare experts, enabling physicians to plan ahead for an emergency. To provide critical care to patients, air ambulances are equipped with equipment such as heart monitors, ventilators, and defibrillators.
The Indian Ministry of Health issued a clarification in April 2020, noting that medical evacuation flights should not be conducted without official approval. Air ambulance operators must obtain authorization from district authorities in both the departure and arrival cities, valid documentation from the hospital and doctor regarding the patient's data, COVID-19 test results, and a COVID NOC from the state health department, according to the new regulations. Only a few companies provide air medical services due to the extensive procedures and constraints. As a result, the market's expansion was hampered by strict regulations and lengthy procedures.
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Because of the existence of multiple air medical service providers and the availability of superior medical facilities in the region, North America is expected to dominate the market in 2021, with a double-digit CAGR during the forecast period.
During the projection period, the market in Asia-Pacific is expected to develop at the fastest CAGR. Market growth is expected to be fueled by the strengthening economies of emerging countries such as China and India, as well as increased government expenditure in the healthcare sector.
Furthermore, the fast-expanding medical tourism business in these nations can be linked to an increase in demand for air ambulance services in the region. According to the DGCI and Statistics of India's study on the Export Health Service model, India had 60,000 medical tourists on medical visas each year from 2015 to 2021.
US Air Ambulance Services Market
The market in the US is projected to reach a valuation of US$ 7.5 Billion by 2032. Growing at a CAGR of over 13% from 2022 to 2032, the market in the country is expected to gross an absolute dollar opportunity of US$ 5.3 Billion.
UK Air Ambulance Services Market
The market in the UK is expected to garner a market size of US$ 809 Million by 2032. From 2022 to 2032, the market in the country is expected to gross US$ 553 Mn.
Japan Air Ambulance Services Market
In Japan, the market is projected to reach US$ 711 Million by 2032. During the forecast period, the market is expected to garner an absolute dollar opportunity of US$ 533 Million.
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The market is divided into fixed-wing and rotary-wing aircraft types based on aircraft type. Due to the surge in demand for helicopter emergency medical services (HEMS) during the COVID-19 outbreak, the rotary-wing segment is expected to be the largest and fastest-growing segment over the forecast period. Furthermore, the market expansion is expected to be aided by key manufacturers' increased development of helicopters specialized in providing healthcare services.
Airbus added more than 200 helicopters to HCare Smart in January 2020, bringing the total number of helicopters to 2250. Airbus has dedicated 19% of its global fleet to HCare.
The hospital-based service model dominated the air ambulance services market in 2021, with a revenue share of 78%, and is expected to rise at a significant rate throughout the forecast period. In some areas, a shortage of specialty care and medical physicists has resulted in a surge in the utilization of air ambulance services to transport patients to specialty hospitals quickly.
Some of the key players operating in the Air Ambulance Services market include AMR, PHI Air Medical, Babcock Scandinavian Air Ambulance, Express Air Medical Transport, REVA, Inc., Lifeguard Ambulance Service LLC, Acadian Ambulance, IAS Medical, Ltd., and American Air Ambulance.
Some of the recent developments of key Air Ambulance Services providers are as follows:
Similarly, recent developments related to companies Air Ambulance Services have been tracked by the team at Future Market Insights, which are available in the full report.
The global Air Ambulance Services Market is worth more than US$ 19.5 Billion at present.
The value of the Air Ambulance Services Market is projected to increase at a CAGR of around 12.3% from 2022 to 2032.
Rotary-wing accounts for the largest market share with an expected 12.4% CAGR for the forecasted period.
Asia-Pacific will grow with the highest CAGR in the Air Ambulance Services market from 2022 to 2032.
Acadian Companies, Aeromedevac, Air Methods, ALPHASTAR, and Babcock Scandinavian AirAmbulance are the major companies operating in Air Ambulance Services Market.
1. Executive Summary | Air Ambulance Services Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2022 to 2032 5.3.1. Rotary-wing 5.3.2. Fixed-wing 5.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Service Model 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Service Model, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Model, 2022 to 2032 6.3.1. Hospital-based 6.3.2. Community-based 6.4. Y-o-Y Growth Trend Analysis By Service Model, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Service Model, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East & Africa (MEA) 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 8.2.1. By Country 8.2.1.1. The US 8.2.1.2. Canada 8.2.2. By Type 8.2.3. By Service Model 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Type 8.3.3. By Service Model 8.4. Key Takeaways 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Type 9.2.3. By Service Model 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Service Model 9.4. Key Takeaways 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. Italy 10.2.1.3. France 10.2.1.4. The UK 10.2.1.5. Russia 10.2.1.6. BENELUX 10.2.1.7. Rest of Europe 10.2.2. By Type 10.2.3. By Service Model 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Service Model 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Rest of Asia Pacific 11.2.2. By Type 11.2.3. By Service Model 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Service Model 11.4. Key Takeaways 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Turkey 12.2.1.4. Rest of Middle East and Africa 12.2.2. By Type 12.2.3. By Service Model 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Service Model 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. The US 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Type 13.1.2.2. By Service Model 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Type 13.2.2.2. By Service Model 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Type 13.3.2.2. By Service Model 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Type 13.4.2.2. By Service Model 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Type 13.5.2.2. By Service Model 13.6. Italy 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Type 13.6.2.2. By Service Model 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Type 13.7.2.2. By Service Model 13.8. The UK 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Type 13.8.2.2. By Service Model 13.9. Russia 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Type 13.9.2.2. By Service Model 13.10. BENELUX 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Type 13.10.2.2. By Service Model 13.11. China 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Type 13.11.2.2. By Service Model 13.12. Japan 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Type 13.12.2.2. By Service Model 13.13. South Korea 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Type 13.13.2.2. By Service Model 13.14. GCC Countries 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Type 13.14.2.2. By Service Model 13.15. South Africa 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Type 13.15.2.2. By Service Model 13.16. Turkey 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Type 13.16.2.2. By Service Model 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Type 14.3.3. By Service Model 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Acadian Companies 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.2. Aeromedevac 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.3. Air Methods 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.4. ALPHASTAR 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.5. Babcock Scandinavian AirAmbulance 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.6. Gulf Helicopters 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.7. European Air Ambulance 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.8. Express Aviation Services 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.9. PHI Inc 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.10. REVA Inc. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Air Ambulance Services Market
