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Air Ambulance Services Market Size, Share & Industry Analysis, By Service Operator(Hospital-based, Independent, and Government), By Application (Inter-Facility, Rescue Helicopter Service, Organ Transplant Logistics, Others (Neonatal and Pediatric transport, Overweight Patient Transport, and Medical Equipment Transport)), By Aircraft Type (Fixed-Wing and Rotary-Wing), and Regional Forecast, 2019-2026

Region : Global | Format: PDF | Report ID: FBI102577

 

KEY MARKET INSIGHTS

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The global air ambulance services market size was USD 4,220.9 million in 2018 and is projected to reach USD 6,050.0 million by 2026, exhibiting a CAGR of 4.71% during the forecast period.

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Air ambulances services are the advanced and innovative medical facilities services provided by hospitals, independent service providers, and government agencies. The services may include helicopter flights from one hospital to another hospital and from the patient’s location to the hospital. Air ambulances comprise of medical equipment that is used in critical and emergencies to provide better medical assistance to the patient. Moreover, Air ambulance services can offer better service at remote locations as well as in densely populated areas. Consequently, Air ambulance services facilities have become a significant entity of the modern healthcare industry.


MARKET TRENDS


Augmentation Of Passenger Drone In The Aviation Industry is a Promising Air Ambulance Industry Trend


An increase in the urban population, coupled with a simultaneous rise in traffic congestion problems, rapid technological development, and decline in the cost of the drone systems and components have created a demand for passenger drones in the market. Countries such as Singapore, China, The U.S., and others have started implementing passenger drone in the medical services to improve the overall transportation time and efficiency of the medical service providers. Companies such as Airbus S.A.S, Lilium, Volocopter Gmbh, AeroMobil, and others are involved in designing and developing advanced passenger drones for emergency medical service (EMS). Moreover, the growing smart city concept in Asian countries and infrastructure development related to passenger drones will propel the growth of the market.


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MARKET DRIVERS


Rapi Technological Advancements in Aerial Ambulance Services to Drive the Market


There have been tremendous improvements in the technology used in helicopters for aerial ambulance applications. Medical devices such as heart monitors, defibrillators and communications equipment that allows the transmitting real-time data of patient’s health to the doctors and observers at the hospital in real-time. Additionally, the electronic health record (EHR) system helps to track the health of the patient; thus patient gets proper medical treatment in the minimal time frame.


Moreover, the use of Air ambulance services instead of land transports minimizes the overall transportation time and can help to provide better medical facilities in remote locations. Thus, this has led to the rise in the use of helicopter ambulance services from the past few years. This has resulted in the increased usage of various types of helicopter services.


Furthermore, nowadays, hospitals are outsourcing air ambulance services to service providers and this will increase the demand for the market. These factors will propel the air ambulance industry growth during the forecast period.


The rise in the Demand for Fixed-Wing Aircraft Ambulance will Boost the Market


Presently, there are two tуреѕ оf air аmbulаnсе, thе rоtоrсrаft/ Helicopter ambulance аnd fixed-wing aircraft ambulance. Hеliсорtеr ambulance iѕ commonly used for transporting раtiеntѕ within 100-mile rаdiuѕ or less.  Whereas, for more than 100 miles, a fixed-wing airplane ambulance is preferred by most of the hospitals and government agencies. Aраrt from limited reach, helicopters hаѕ slow ѕрееd and limited рауlоаd сарасitу. A fixed-wing ambulance can реrfоrm ѕеvеrаl divеrѕе tуреѕ of mеdiсаl trаnѕроrtаtiоn flights such as аѕ аеrо-mеdiсаl trаnѕроrtаtiоn, mеdiсаl еѕсоrt services, repatriation, critical care patient transportation, and others. Moreover, fixed-wing ambulance hаѕ the ability to operate in very ѕhоrt runways and hаѕ ассеѕѕ to a mаjоritу of airports worldwide. These features make them best suitable for organ transport within the country or region, wherein the distance of flight is more than several hours. The rise in the demand for human organs transportation will also propel the growth of the market.


MARKET RESTRAINT


Lack of Regulatory Framework and Organized Ambulance Services and Pilots May Inhibit the Market Growth


The security concerns related to the usage of medical devices and usage of the helicopter for critical applications are a significant concern in the growth of the market. Federal Aviation Administration (FAA) has designed a framework for air ambulance services providers. However, new companies need to carry out certification processes to operate as an authorized service provider. Moreover, specialized medical services such as human organ transport and rescue operations require certifications specific to these applications.


Furthermore, the lack of skilled pilots for the operating air ambulance services in Asia Pacific and the Rest of the World Region hinders the growth of the market. Most of the developing countries do not have the infrastructure to avail pilot training and regulatory framework and certification authorities for these specialized services. Thus, a slower certification process and lack of skilled pilots’may restraint the growth of the air ambulance services market.


SEGMENTATION


By Service Operators Analysis


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Rise in the Demand for Outsourcing of Arial Ambulance Service to Bode Well for the Market


Based on service operators, the market is segmented into hospital-based, independent, and government. The independent service operator segment is expected to the fastest-growing and is also estimated to be the largest segment during the forecast period. The rise in the outsourcing of the EMS by major hospitals across the globe is supporting the growth of the independent service operator segment. Moreover, a wide range of air ambulance services at less cost is also boosting the growth of the segment. The government segment comprises of the military, special operations, and combat operations. The rise in government spending for military air ambulance services will propel the growth of the market.


By Application Analysis


Rise in the Usage of Organ Transplant Application through Air is driving the growth of the market


Based on application, the market is segmented into inter-facility, rescue helicopter service, organ transplant logistics, others. The organ transplant segment is expected to be the fastest-growing segment during the forecast period owing to the rise in the usage of fixed-wing aircraft for the organ transplant in Asian countries such as China and India. The rescue helicopters segment is anticipated to be the largest segment in 2018 owing to the use of air ambulance for accidents and emergency purposes. Whereas the other segments comprise of neonatal and pediatric transport, overweight patient transport, and medical equipment transport applications.


By Aircraft Type Analysis


Rise in the Use of Advance Medical Service Facilities will propel the growth in the Rotary-Wing Segment


Based on aircraft type, the market is segmented into fixed-wing and rotary-wing. The fixed-wing segment is expected to the fastest-growing segment during the forecast period owing to the rise in the demand for long-distance travel facilities and multiple medical service facilities in the aircraft. In the fixed-wing aircraft segment, the increase in the deliveries of the air ambulance plane is a significant factor driving the market. Whereas rotary wing segment is estimated to be the largest segment in 2018 due to the increase in the demand for helicopters air ambulance worldwide for short distances and inter-facility flight service.


REGIONAL ANALYSIS


North America Air ambulance services market Size, 2018 (USD Million)

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The Air ambulance services market size in North America stood at USD 2,469.3 million in 2018. Growth of the market in this region is characterized by the presence of a large number of Air ambulance services providers, coupled with the developed infrastructure facilities in the U.S. and Canada. Besides this,  rising awareness among patients towards treatment and facilities are responsible for the region holding the dominant Air ambulance services market share.


The market in Europe and AsiaPacific is projected to register a comparatively higher CAGR during the forecast period. The increasing number of Air ambulance services providers and the rise in government expenditure in countries such as China, India, The U.K, Germany, and France during 2018 and 2019, are anticipated to drive the demand for Air ambulance services market in Europe during 2019-2026. Expected regulatory approvals for these services in Asia Pacific, and the presence of a large and underpenetrated market in the region, together are projected to drive the market growth in Asia Pacific during the forecast period. The market in the rest of the world comprises sub-regions such as South America, and the Middle East & Africa are currently in the nascent stage. However, developing healthcare infrastructure in these regions is projected to fuel the market demand during the forecast period.


KEY INDUSTRY PLAYERS


 Air Methods to Dominate Owing to its Diverse Product Portfolio


The competitive landscape of the market is dominated by Air Methods. This is owing to the diversified product portfolio of air ambulance services, along with constant innovations by the company’s helicopter fleet. This is a prominent factor responsible for the dominance of the company.


However, regional and domestic players such as Air Medical Group Holdings (AMGH), Acadian Companies, and PHI Air Medical have entered into a market competition with innovative services. This is projected to positively impact the global market and attract high air ambulance services market revenue during the forecast period.


LIST OF KEY COMPANIES PROFILED:



  • Air Methods

  • Air Medical Group Holdings (AMGH)

  • Acadian Companies

  • PHI Air Medical

  • REVA Inc.

  • Express Aviation Services

  • European Air Ambulance

  • Babcock Scandinavian Air Ambulance


KEY INDUSTRY DEVELOPMENTS:



  •  April 2019 – Air Methods had expanded its partnership with Anthem Inc, part of the plans’ in-network health coverage benefits in six additional states across the U.S. This will strengthen the partnership and product portfolio of the Air Methods.

  • November 2018 –Air Medical Group Holdings had declared the addition of 21 long-standing Airbus helicopters to its fleet for air medical transport missions. This will strengthen Air Medical Group Holdings services portfolio.


REPORT COVERAGE


An Infographic Representation of Air Ambulance Services Market

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The air ambulance services market provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, product types, and leading applications of the product.


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Moreover, the report has covered insights into the air ambulance services market trends and highlights the key industry developments. In addition to the factors mentioned above, the report encompasses several factors that contributed to the air ambulance industry growth over recent years.


Report Scope & Segmentation











































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD million)



Segmentation



By Service Operators



  • Hospital based

  • Independent

  • Government



By Application



  • Inter-Facility

  • Rescue Helicopter Service

  • Organ Transplant Logistics

  • Others (Neonatal and pediatric transport, Overweight patient transport, Medical equipment transport)



By Aircraft Type



  • Fixed-Wing

  • Rotary-Wing



By Geography



  • North America (the U.S. and Canada)

  • Europe (the U.K., Germany, France, Italy, and the Rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, and the Rest of Asia- Pacific)

  • The Rest of the World (South America and the Middle Eastand Africa)



Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 4,221.0 million in 2018 and is projected to reach USD 6,050.0 million by 2026.

In 2018, the market was valued at USD 4,221.0 million.

Growing at a CAGR of 4.71%, the market will exhibit steady growth in the forecast period (2019-2026).

Air Methods is the leading player in the global market.

North America held the dominant market share in 2018, followed by Europe

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Air Ambulance Services Market Size, Share and Global Industry Trend Forecast till 2026
  • Apr, 2020
  • 2018
  • 2015-2017
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