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The global air ambulance services market size stood at USD 5.84 billion in 2022. The market value is slated to rise from USD 6.45 billion in 2023 to USD 9.83 billion by 2030 at a CAGR of 6.2% during 2023-2030. The rise is driven by increasing technological advancements and rising product innovations by major industry players. Additional factor favoring industry expansion is the increasing deployment of helicopter emergency medical services on account of medical emergencies and natural disasters.
Fortune Business Insights™ presents this information in its report titled “Air Ambulance Services Market Size, Share & COVID-19 Impact Analysis, By Aircraft Type (Fixed Wing and Rotary Wing), By Service Operator (Hospital-based, Independent, and Government), By Application (Inter-Facility, Rescue Helicopter Service, Organ Transplant Logistics, Infectious Disease Service, Neonatal and Pediatric Transport, and Others), and Regional Forecast, 2023-2030”.
Rising Patient Transport Demand from Healthcare Industry Impelled Market Growth during COVID-19 Pandemic
The coronavirus pandemic recorded an escalated product demand for addressing issues related to limited access to airspace and enhanced control measures. The limited availability of commercial flight operations led to a substantial rise in the workload of air ambulance operators during the pandemic period.
RED.Health Launched RED Air Guardian to Strengthen Industry Footing
In April 2023, RED.Health launched air ambulance services, RED Air Guardian, in over 550 cities in India. The startup is focused on streamlining the air ambulance market and lowering operational cost.
The company’s key markets include the Indian cities of Hyderabad, Bangalore, Raipur, Delhi-NCR, Mumbai, Bangalore, and others.
Industry Share to Surge Impelled by Growing Geriatric Population
The air ambulance services market growth is being propelled by an appreciable surge in geriatric population. These patients require specialized care owing to age-related conditions such as respiratory disorders, cardiovascular diseases, and mobility limitations.
However, the industry expansion may be hampered by the lack of insurance coverage and the high costs associated with the operation of air ambulance services.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/air-ambulance-services-market-102577
Key Players Formulate New Strategies to Secure Competitive Edge
Major market players formulate and adopt a series of strategies for strengthening their industry footings. These comprise acquisitions, mergers, partnership agreements, collaborations, and the launch of new products.
Key Players Profiled
Notable Industry Development
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 6.2% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By Aircraft Type, Service Operator, Application, and Region |
By Aircraft Type
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By Service Operator
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By Application
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By Geography |
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