Air Ambulance Services Market
Global Air Ambulance Services Market Size, Share & Trends Analysis Report by Type (Rotary-wing and Fixed-wing), by Service Operator (Hospital-based, Independent, and Government), and by Application (Inter-facility, Rescue Helicopter, and Organ Transplant Logistics) Forecast Period 2021-2027
The global air ambulance services market is anticipated to grow at a significant CAGR of 12.2% during the forecast period. The air ambulance has medical equipment and medical staff which takes care of the patients while transportation. It is useful for transporting patients as well as organs for transplant in the minimum time possible. The increasing chronic diseases including cardiac arrest are the major driving factor for the market. According to the World Health Organization, cardiovascular diseases (CVD) tops the list of reasons for global mortality. It takes the lives of around 17.9 people globally every year. Such prevalence of severe diseases is expected to further drive market growth.
The increasing adoption of advanced technology demonstrator (ATD) is generating new opportunities for the market. It is a S-band dual polarized phased array specially designed to be used in air ambulance. Its small rotary wings incorporated in flat panel transmits radio waves and collects them back from atmosphere. This enables the radar to be driven electronically. It can detect air turbulence, dry hail, and snow effectively than conventional air ambulances.
The stringent government regulations will restrain the market growth of global air ambulance market. According to Helioffshore, there were 59 helicopter accidents during 2013-2018. For the prevention of such accidential cases Fedral Aviation Administration had emposed strict regulations on the emergency medical service offerings. In April 2020, the government of India had announced that medical evacuation will not be permitted without getting permission from district authorities of departure and destination locations. Such stringent regulations might challenge the market growth.
Impact of COVID-19 Pandemic on Global Air Ambulance Services Market
Various pandemics including Ebola, MERS, SARS, H1N1, and COVID-19 in the recent past had revealed the speed from which its infection spreads globally. Such a pandemic situation needs to give an agile medical response to the patients. The air ambulance services had emerged to be an effective solution for this need as they can travel miles of distance in few minutes as compared to ground and sea ambulances. Such pandemics will give a significant boom to the global air ambulance services market.
Segmental Outlook
The global air ambulance services market is segmented based on type, service operator, and application. Based on the type, the market is segmented into rotary-wing and fixed-wing. Based on the service operatoe, the market is segmented into hospital-based, independent, and government. Based on the application, the market is segmented into inter-facility, rescue helicopter, and organ transplant logistics.
Global Air Ambulance Services Market Share by Type, 2020 (%)
Outbreak of COVID-19 Gives an Upthrust to the Rotary-Wing Aircraft Segment of the Global Air Ambulance Services Market
The rotary-wing aircraft hold the major share in the air ambulance services market. The increasing developments and technological advancement in the helicopters providing healthcare services are the major reason for the fastest market growth of the segment. For instance, Airbus in January 2019, had added 250 helicopters to HCare Smart which had brought the total count of aircraft to 2250. Now the company serves 19% of the global fleet dedicated to HCare. The fixed-wing segment will grow substantially during the forecast period. The wide range of services including aero-medical transportation, medical escort services, repatriation, and critical care patient transportation offered by market players is the major reason for the segmental growth of fixed-wing air ambulances.
Furthermore, among the application segment, the inter-facility segment holds a significant market share. The rising number of CVD patients is the major driving factor for the market. The rescue helicopters are expected to grow fastest during the forecast period owing to the increasing calamities due to natural imbalancement. The organ transplant logistics segment will grow significantly with the rising number of organ donors for transplantation.
Regional Outlooks
The global air ambulance services market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa, and Latin America).
Global Air Ambulance Services Market Share by Region, 2020 (%)
North America Dominates The Global Air Ambulance Services Market
North America dominates the global air ambulance services market attributing to the highly developed health infrastructure in the region. The increasing healthcare expenditure is another reason for the market growth in the region. According to the National Health Expenditure Accounts, the healthcare expenditure in the US was raised by 4.6% in 2019 and reached $3.8 trillion. It accounts for 17.7% of the national GDP in 2019. The Asia Pacific is expected to show the fastest growth in the market during the forecast period. The major developing economies including China, India, Singapore, and Japan are expected to contribute more to this growth. The rapidly increasing medical tourism in the region is the major reason for this growth. For instance, Singapore alone receives around 500,000 medical tourists every year. Hence, this aids the growth of the market during the forecast period.
Market Players Outlook
The major companies serving the global air ambulance services market include Acadian Ambulance Services, Inc., Air Methods Corp., Falck Holding A/S, IAS Medical, Ltd., PHI Group, Inc., REVA, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Air Methods in April 2019 had partnered with Anthem Blue Cross and Blue Shield. Under this partnership, the members of the health plan offered by Anthem will get discounted services of Air Methods.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global air ambulance services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Air Ambulance Services Market
• Recovery Scenario of Global Air Ambulance Services Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Air Ambulance Services Market by Type
5.1.1. Rotary-wing
5.1.2. Fixed-wing
5.2. Global Air Ambulance Services Market by Service Operator
5.2.1. Hospital-based
5.2.2. Independent
5.2.3. Government
5.3. Global Air Ambulance Services Market by Application
5.3.1. Inter-facility
5.3.2. Rescue Helicopter
5.3.3. Organ Transplant Logistics
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Acadian Ambulance Service, Inc.
7.2. Air Charter Services Pvt. Ltd.
7.3. Air Methods Corp.
7.4. American Air Ambulance Services
7.5. Babcock International Group PLC
7.6. Envision Healthcare Corp.
7.7. European Air Ambulance Services
7.8. Express Air Medical Transport, LLC
7.9. Falck Holding A/S
7.10. Global Medical Response, Inc.
7.11. Gulf Helicopters
7.12. IAS Medical, Ltd.
7.13. Life Savers Ambulance Services
7.14. Lifeguard Air Ambulance Services Service LLC
7.15. Medivic Aviation
7.16. PHI Group, Inc.
7.17. REVA, Inc.
7.18. Ziqitza Health Care, Ltd.
1. GLOBAL AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL ROTARY-WING AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL FIXED-WING AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY SERVICE OPERATOR, 2020-2027 ($ MILLION)
5. GLOBAL HOSPITAL-BASED AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL INDEPENDENT AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL GOVERNMENT AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
9. GLOBAL INTER-FACILITY AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL RESCUE HELICOPTER AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL ORGAN TRANSPLANT LOGISTICS AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
15. NORTH AMERICAN AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY SERVICE OPERATOR, 2020-2027 ($ MILLION)
16. NORTH AMERICAN AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. EUROPEAN AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
19. EUROPEAN AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY SERVICE OPERATOR, 2020-2027 ($ MILLION)
20. EUROPEAN AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY SERVICE OPERATOR, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. REST OF THE WORLD AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
26. REST OF THE WORLD AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY SERVICE OPERATOR, 2020-2027 ($ MILLION)
27. REST OF THE WORLD AIR AMBULANCE SERVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AIR AMBULANCE SERVICES MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AIR AMBULANCE SERVICES MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL AIR AMBULANCE SERVICES MARKET, 2021-2027 (%)
4. GLOBAL AIR AMBULANCE SERVICES MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL ROTARY-WING AIR AMBULANCE SERVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL FIXED-WING AIR AMBULANCE SERVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL AIR AMBULANCE SERVICES MARKET SHARE BY SERVICE OPERATOR, 2020 VS 2027 (%)
8. GLOBAL HOSPITAL-BASED AIR AMBULANCE SERVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL INDEPENDENT AIR AMBULANCE SERVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL GOVERNMENT AIR AMBULANCE SERVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL AIR AMBULANCE SERVICES MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
12. GLOBAL INTER-FACILITY AIR AMBULANCE SERVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL RESCUE HELICOPTER AIR AMBULANCE SERVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL ORGAN TRANSPLANT LOGISTICS AIR AMBULANCE SERVICES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL AIR AMBULANCE SERVICES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. US AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
17. CANADA AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
18. UK AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
19. FRANCE AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
20. GERMANY AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
21. ITALY AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
22. SPAIN AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
23. REST OF EUROPE AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
24. INDIA AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
25. CHINA AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
26. JAPAN AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
27. SOUTH KOREA AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF ASIA-PACIFIC AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD AIR AMBULANCE SERVICES MARKET SIZE, 2020-2027 ($ MILLION)
