Air Ambulance Services Market Overview
The global air ambulance services market size was worth USD 15.50 billion in 2021 and is estimated to grow to USD 30.78 billion by 2028, with a CAGR of approximately 10.30 percent over the forecast period 2022 to 2028.
Aerial vehicles with specialized medical equipment and crew with advanced training in medicine are known as “air ambulances.“ To get from the scene of an accident to a clinic or one institution to another so that a patient can be discharged, clients are carried by air ambulance services. The rise in cardiovascular disease incidence globally, the number of multinational hospitals with better financial environments, better access to effective emergency care, sane reimbursement systems, and appropriate air ambulance services, as well as rising per capita health care expenses and bettering rural health infrastructure due to strategic collaboration initiatives by major market participants, are fueling the growth of the global air ambulance service market. The market for air ambulance services is predicted to rise, but it will be constrained by a lack of healthcare infrastructure and an insufficient number of aircraft in developing nations. Other reasons driving market expansion include rising emergency medical costs, increasing the number of hospitals that can provide suitable ambulance facilities and improvements in medical facilities globally. The government’s stringent regulations and statutes have put pressure on healthcare services.
COVID-19 Impact on Air Ambulance Services Market
The COVID-19 epidemic boosts the demand for air ambulance services. After several people lost their lives due to prolonged trip periods, many nations now use air ambulance services to save lives. To handle the rising number of emergencies brought on by the pandemic, several nations globally require emergency medical teams that are adequately prepared. As a result, leading companies are introducing cutting-edge air ambulances and strengthening their positions in the marketplace.
Air Ambulance Services Market Drivers
Increased adoption of expansion tactics by leading market players is anticipated to fuel market growth over the projected period. Life-threatening illnesses like heart failure, stroke, and other conditions that require emergency medical attention are likely to increase in frequency. As new and innovative medical technology is used to evacuate patients, advances in air ambulances are being made in the level of care provided to those patients. The ability to provide hospital professionals with real-time data about a patient’s health via technologically advanced communication systems enables doctors to prepare for emergencies.
Air Ambulance services Market Restraints
The market for air ambulance services is anticipated to rise, but developing economies are predicted to have insufficient healthcare facilities and aircraft. The government’s stringent laws and regulations have put pressure on healthcare services. During the anticipated era, additional variables such as strict regulations and drawn-out processes can restrain market revenue growth.
Air Ambulance Services Market Segmentation
The global air ambulance services market has been segmented into service type, service operator, aircraft type, and application.
Based on the service type, the market is segmented into medical, government, and community service. In 2021, the community services category dominated the global market because private and community health organizations work together more frequently. The cooperation between community health groups and the company owners they hire is an example of how a mixed public-private Helicopter Emergency Medical Service (HEMS) model can be advantageous. The public-private partnership also functions well because it adopts a long-term perspective and offers long-term contracts that give air service providers the security, they need to make significant capital investments in infrastructure, organization structure, and equipment. Additionally, the medical services segment had a significant share of the market growth. A clinic typically supplies the medical team and partners with an aviation service provider for aircraft, pilots, and mechanics, projected to boost the market in this region. In some places, the shortage of specialty care and medical physicists has increased the need for air ambulance services to quickly transport patients to specialty treatment.
Based on aircraft type, the market is classified into rotary-wing and fixed-wing. The rotary-wing segment dominated the market in 2021. The most frequent situations where rotary-wing air ambulances are employed are when someone must rapidly be transported over a relatively short distance. Their ability to land almost anywhere makes them useful in situations when a ground ambulance would struggle to reach the patient. Instead of using land ambulances, air ambulances with rotor wings are utilized because they can land almost anywhere and have a major advantage over slower terrestrial conveyance. They can also hover, take off, and land in a vertical posture, making them helpful for rescue operations. Moreover, the fixed-wing segment is anticipated to have the highest share in this market in 2021. Due to their larger fuel tanks, fixed-wing air ambulances can go farther than rotary-wing aircraft. Short-distance travel is often accomplished by aircraft with propellers. Some turboprops, or propeller-driven aircraft, are used for long-distance and/or outstation flights. More medical workers and equipment can be transported by business jets than by helicopters, which are used for longer-distance service models. The fixed-wing aircraft can fly in bad weather without compromising patient comfort or the standard of care. Demand for fixed-wing air ambulance services is driven primarily by the ability to fly in adverse weather circumstances and an increase in medical tourism.
Air Ambulance Services Market Regional Landscape
North America region dominated the market for air ambulance services in 2021. due to the higher investment made by important stakeholders in creating and deploying cutting-edge technologies to enhance the region’s flying ambulance services. Moreover, rising government investments in the healthcare industry, greater investment in the healthcare sector, and an aging population contribute to the market growth of the air ambulance services market. Both air medical transportation facilities and air ambulance service providers are most prevalent in North America. Similarly, the provision of favorable reimbursement regulations aids in the area’s growth.
Air Ambulance Services Market Competitive Landscape
Some of the main competitors dominating the global air ambulance services market include- Air Methods Corporation, Acadian Companies, Global Medical Response, Inc., Petroleum Helicopters International (PHI), Inc., Express Aviation Services LLC, Air Charter Service, REVA, Inc., Babcock International Group PLC, European Air Ambulance, and Gulf Helicopters
Recent Developments
- May 2020: Hang, a top manufacturer of AAVs, successfully transported medical personnel, staff, and supplies in its two-seat passenger drone.
- November 2020: Air Methods Corporation and HealthPartners, a non-profit, consumer-governed healthcare group, signed a contract. The 1.8 billion HealthPartners plan members in Wisconsin, Minnesota, Lowe, Illinois, South Dakota, and North Dakota who are covered by this arrangement will receive critical air medical services at a reduced cost.
Global Air Ambulance Services Market is segmented as follows:
Air Ambulance Services Market by Service Operator
- Hospital Based
- Independent
- Government
Air Ambulance Services Market by Service Type
- Medical Service
- Government Service
- Community Service
Air Ambulance Services Market by Aircraft Type
Air Ambulance Services Market by Application
- Inter-Facility
- Rescue Helicopter Service
- Organ Transplant Logistics
- Others
Air Ambulance Services Market by Region
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Air Ambulance Services Market Size, Share, Growth, and Forecast Report
1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Service Operator
1.4.2. Service Type
1.4.3. Aircraft Type
1.4.4. Application
2. Air Ambulance Services Market Overview
2.1. Introduction
2.2. Analysis by Service Operator, 2016-2028 (US$ Million)
2.3. Analysis by Service Type, 2016-2028 (US$ Million)
2.4. Analysis by Aircraft Type, 2016-2028 (US$ Million)
2.5. Analysis by Application, 2016-2028 (US$ Million)
2.6. Market Analysis by Region, 2016-2028 (US$ Million)
3. Air Ambulance Services Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Service Operators
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Service Operator
3.6.2. Service Type
3.6.3. Aircraft Type
3.6.4. Application
3.6.5. Region
3.7. Value Chain Analysis
4. Air Ambulance Services Market Competition Analysis
4.1. Air Ambulance Services Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
5. Global Air Ambulance Services Market Analysis by Service Operator, Service Type, Aircraft Type and Application, 2016-2028 (US$ Million)
5.1. Service Operator
5.1.1. Global Air Ambulance Services Market Share, by Service Operator, 2021 and 2028
5.1.2. Global Air Ambulance Services Market Revenue, by Service Operator, 2016-2028 (US$ Million)
5.1.3. By Hospital-Based Market Analysis 2016-2028 (US$ Million)
5.1.4. By Independent Market Analysis 2016-2028 (US$ Million)
5.1.5. Other Service Operators Market Analysis 2016-2028 (US$ Million)
5.2. Service Type
5.2.1. Global Air Ambulance Services Market Share, by Service Type, 2021 and 2028
5.2.2. Global Air Ambulance Services Market Revenue, by Service Type, 2016-2028 (US Million)
5.2.3. By Medical Service Market Analysis 2016-2028 (US$ Million)
5.2.4. By Government Service Market Analysis 2016-2028 (US$ Million)
5.2.5. By Community Service Market Analysis 2016-2028 (US$ Million)
5.3. Aircraft Type
5.3.1. Global Air Ambulance Services Market Share, by Aircraft Type, 2021 and 2028
5.3.2. Global Air Ambulance Services Market Revenue, by Aircraft Type, 2016-2028 (US Million)
5.3.3. By Fixed Wing Market Analysis 2016-2028 (US$ Million)
5.3.4. By Rotary Wing Market Analysis 2016-2028 (US$ Million)
5.4. Application
5.4.1. Market Share, by Application, 2021 and 2028
5.4.2. Market Revenue, by Application, 2016-2028 (US$ Million)
5.4.3. By Inter-Facility Market Analysis 2016-2028 (US$ Million)
5.4.4. By Rescue Helicopter Service Market Analysis 2016-2028 (US$ Million)
5.4.5. By Organ Transplant Logistics Market Analysis 2016-2028 (US$ Million)
5.4.6. By Application 4 Market Analysis 2016-2028 (US$ Million)
6. Global Air Ambulance Services Market Service Operator Analysis by Region, 2016-2028 (US$ Million)
6.1. Hospital-Based Market Analysis 2016-2028 (US$ Million)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Independent Market Analysis 2016-2028 (US$ Million)
6.3. Government Market Analysis 2016-2028 (US$ Million)
7. Global Air Ambulance Services Market Service Type Analysis by Region, 2016-2028 (US$ Million)
7.1. Medical Service Market Analysis 2016-2028 (US$ Million)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. Government Service Market Analysis 2016-2028 (US$ Million)
7.3. Community Service Market Analysis 2016-2028 (US$ Million)
8. Global Air Ambulance Services Market Aircraft Type Analysis by Region, 2016-2028 (US$ Million)
8.1. Fixed Wing Market Analysis 2016-2028 (US$ Million)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Rotary Wing Market Analysis 2016-2028 (US$ Million)
9. Global Air Ambulance Services Market Application Analysis by Region, 2016-2028 (US$ Million)
9.1. Inter-Facility Market Analysis 2016-2028 (US$ Million)
9.1.1. North America
9.1.2. Europe
9.1.3. Asia Pacific
9.1.4. Latin America
9.1.5. Middle East & Africa
9.2. Rescue Helicopter Service Market Analysis 2016-2028 (US$ Million)
9.3. Organ Transplant Logistics Market Analysis 2016-2028 (US$ Million)
9.4. Other Application Market Analysis 2016-2028 (US$ Million)
10. Air Ambulance Services Market Analysis by Geography, 2016-2028 (US$ Million)
10.1. North America Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.1.1. U.S. Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.1.1.1. Service Operator
10.1.1.2. Service Type
10.1.1.3. Aircraft Type
10.1.1.4. Application
10.1.2. Canada Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.1.3. Mexico Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.2. Europe Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.2.1. UK Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.2.1.1. Service Operator
10.2.1.2. Service Type
10.2.1.3. Aircraft Type
10.2.1.4. Application
10.2.2. France Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.2.3. Germany Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.2.4. Spain Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.2.5. Russia Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.2.6. Italy Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.2.7. Rest of Europe Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.3. Asia Pacific Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.3.1. China Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.3.1.1. Service Operator
10.3.1.2. Service Type
10.3.1.3. Aircraft Type
10.3.1.4. Application
10.3.2. Japan Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.3.3. South Korea Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.3.4. India Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.3.5. Australia Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.3.6. Southeast Asia Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.3.7. Taiwan Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.3.8. Rest of Asia Pacific Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.4. Latin America Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.4.1. Brazil Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.4.1.1. Service Operator
10.4.1.2. Service Type
10.4.1.3. Aircraft Type
10.4.1.4. Application
10.4.2. Argentina Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.4.3. Rest of Latin America Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.5. Middle East Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.5.1. Israel Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.5.2. Turkey Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.5.3. Saudi Arabia Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.5.4. UAE Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.5.5. Rest of Middle East Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.6. Africa Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.6.1. Egypt Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.6.1.1. Service Operator
10.6.1.2. Service Type
10.6.1.3. Aircraft Type
10.6.1.4. Application
10.6.2. South Africa Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
10.6.3. Rest of Africa Air Ambulance Services Market Analysis 2016-2028 (US$ Million)
11. Company Profiles
11.1. Air Methods Corporation
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. Acadian Companies
11.3. Global Medical Response, Inc.
11.4. Petroleum Helicopters International (PHI), Inc.
11.5. Express Aviation Services LLC
11.6. Air Charter Service
11.7. REVA, Inc.
11.8. Babcock International Group PLC
11.9. European Air Ambulance
11.10. Gulf Helicopters
12. COVID-19 Impact Analysis
12.1. Global Air Ambulance Services Market, 2020 – 2028, Pre-V/S Post COVID 19
12.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Air Ambulance Services Market Size In 2022, By Scenario
12.3. Impact on Supply Chain and Production in Air Ambulance Services Market
12.4. Impact on Import and Export
13. Import-Export Analysis
13.1. North America Air Ambulance Services Import-Export, 2016 – 2021
13.2. Europe Air Ambulance Services Import-Export, 2016 – 2021
13.3. Asia Pacific Air Ambulance Services Import-Export, 2016 – 2021
13.4. Latin America Air Ambulance Services Import-Export, 2016 – 2021
13.5. Middle East America Air Ambulance Services Import-Export, 2016 – 2021
13.6. Africa Air Ambulance Services Import-Export, 2016 – 2021
14. Air Ambulance Services Marketing Channel Analysis
14.1. Marketing Channel
14.1.1. Direct Marketing
14.1.2. Indirect Marketing
14.1.3. Development Trend
14.2. Market Positioning
15. Air Ambulance Services Manufacturing Cost Analysis
15.1. Key Raw Materials
15.2. Key Raw Material Suppliers
15.3. Market Concentration Rate
15.4. Manufacturing Cost Structure
15.5. Process Analysis
16. Conclusion
Global Air Ambulance Services Market is segmented as follows:
By Service Operator
- Hospital Based
- Independent
- Government
By Service Type
- Medical Service
- Government Service
- Community Service
By Aircraft Type
- Fixed Wing
- Rotary Wing
By Application
- Inter-Facility
- Rescue Helicopter Service
- Organ Transplant Logistics
- Others
