July 24, 2024
Air Ambulance Services Market

Helicopter Ambulance Services is the largest segment driving the growth of Air Ambulance Services Market

The global Air Ambulance Services Market is estimated to be valued at US$ 6399.13 Mn or Mn in 2023 and is expected to exhibit a CAGR of 9.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Air ambulance services provide emergency medical transportation from the site of the incident or emergency to the nearest hospital by taking patients in an air ambulance aircraft. Air ambulances are equipped with advanced life support systems and experienced medical personnel which provides critical care during transit.

Market key trends:

One of the major trends in the air ambulance services market is the increasing demand for medical Air Transport especially in emergency situations. In many critical cases, air transport proves to be superior over ground ambulances as it can transport patients over long distances in very less time. Helicopters are routinely used as air ambulances since they do not require a runway for take-off and landing and can access accident sites in remote and mountainous areas easily. Moreover, helicopters can hover, fly slowly and land in small areas.

Market key trends:

One of the key trends in the air ambulance services market is the growing demand for specialty care transport. As the incidence of chronic diseases and trauma cases rises worldwide, the need for timely emergency transport of critical patients over long distances is also increasing. This is driving more hospitals and healthcare systems to rely on air ambulance services to transfer patients in need of advanced specialty care to tertiary facilities that have extracorporeal expertise and resources.

SWOT Analysis

Strength: Air ambulance services can reach remote accident sites much faster than ground transportation, thereby helping save numerous lives.
Weakness: High operational costs associated with use and maintenance of helicopters/airplanes make air ambulance services expensive.
Opportunity: Increasing incidence of time-critical illnesses and injuries worldwide presents scope for market players to expand services into new regions.
Threats: Stringent aviation regulations in some countries can restrict market growth. Climatic changes can impact flight operations.

Key Takeaways

The Global Air Ambulance Services Market Size is expected to witness high growth, exhibiting CAGR of 9.4% over the forecast period 2023 to 2030, due to increasing critical care needs of geriatric population.

Regional analysis: North America currently dominates the market owing to most developed healthcare infrastructure and high medical expenditure. However, Asia Pacific is expected to grow at fastest pace due to improving healthcare accessibility in highly populated countries like China and India.

Key players operating in the air ambulance services market are Air Methods Corporation, Deccan Charters, Scandinavian Air Ambulance, Air Ambulance Specialists, Air Charter Service, Envision Healthcare Companies, Falck Danmark A/S, AMR Air Ambulance, AirMed International, Express Aviation Services, ALPHASTAR

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it