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Air Ambulance Services Market to Exhibit 10.1% CAGR till 2028; Ongoing Technological Advancement to Transform Future of Emergency Medical Services will Favor Growth

August 03, 2021 | Aerospace & Defense

The global air ambulance services market size is projected to grow from USD 4.89 billion in 2021 to USD 9.58 billion in 2028. The ongoing technological advancement in the field of air ambulances is anticipated to transform the future of emergency medical services. CareFlight, an Australian air medical services provider, joined hands with AMSL Aero to introduce an electric air ambulance with a travel capacity of 250 km and a cruising speed of 300 km per hour.


Fortune Business Insights™ in a report, titled, “Air Ambulance Services Market Size, Share & COVID-19 Impact Analysis, By Service Operator (Hospital-Based, Independent, Government), By Aircraft Type (Fixed-Wing, Rotary-Wing), By Application (Inter-Facility, Rescue Helicopter Services, Organ Transplant Logistics, Others), and Regional Forecast, 2021-2028,” mentioned that the market stood at USD 4.10 billion in 2020. It is set to exhibit a CAGR of 10.1% in the forecast period in 2021-2028.


REVA Starts Accepting COVID-19 Positive Patients for Transport


In April 2020, REVA, a compassionate and efficient air ambulance transportation provider, started accepting COVID-19 affected patients for transport. It will be providing life-saving service to COVID-19 positive patients while managing the risk of exposure to its personnel, medical teams, and flight crew. The company’s personnel have finished training on the ISOVAC CAPSULS™ Patient Isolation Unit, its new transport isolation unit. Such initiatives are set to drive the demand for this type of ambulance services in the near future.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/air-ambulance-services-market-102577


Rising Need to Provide Real-time Data of Patients’ Health to Doctors will Aid Growth


Rising advancement in ambulances across various levels of care is set to propel the air ambulance services market growth in the upcoming years. It would help hospital personnel to transport patients by using innovative and modern medical devices. Communication systems enable the transfer of real-time data of patients directly to healthcare professionals present in hospitals, thereby aiding doctors in preparing for emergencies in advance. The International Critical Air Transfer Team (ICATT) and Kyathi, for instance, launched India’s first-ever integrated air ambulance in September 2020. It possesses an isolation pod for the safe transportation of critical patients suffering from COVID-19.


However, the National Transportation Safety Board and the Federal Aviation Administration (FAA) have implemented numerous protocols that air medical service operators have to follow. Helioffshore, for instance, mentioned in a report that over 59 helicopter accidents occurred from 2013 to 2018. Also, current lockdown norms have surged the demand for air ambulance services in several countries, allowing the transportation of only critical patients. It may affect growth negatively.


Key Companies Aim to Improve Service Quality for Intensifying Competition


The global market houses numerous companies providing air ambulance services across the globe. Air Methods Corporation is one of the leading organizations that offer emergency medical treatment and transport services in rural and urban areas through helicopters. Some of the other companies are focusing on mergers & acquisitions to strengthen their positions and raise the quality of their services.


Fortune Business Insights™ lists out the names of reputed providers of air ambulance services operating in the global market. They are as follows:



  • Air Methods Corporation (The U.S.)

  • Global Medical Response Inc. (The U.S.)

  • Acadian Companies (The U.S.)

  • PHI Inc. (The U.S.)

  • REVA Inc. (The U.S.)

  • Express Aviation Services (The U.S.)

  • European Air Ambulance (Luxembourg)

  • Babcock Scandinavian Air Ambulance (Sweden)

  • Air Charter Services Pvt. Ltd. (India)

  • Gulf Helicopters (Qatar)


A Significant Industry Development-



  • January 2020: REVA, Inc. purchased three Learjet 45XR aircraft to broaden its existing fleet of air-ambulance aircraft. It would also help the company to strengthen its fleet migration strategy. Besides, it would provide greater consistency, reliability, and uptime to clients.


Further Report Findings-



  • In 2020, North America generated USD 1.96 billion in terms of revenue and is expected to dominate throughout the forthcoming years. The availability of advanced medical facilities and the presence of several air medical service providers would bolster regional growth.

  • Europe is likely to showcase significant growth on account of the rising investment by reputed providers of these ambulance services for the adoption of advanced technologies for enhancing operations.

  • By application, the market is segregated into inter-facility, rescue helicopter services, organ transplant logistics, and others. Out of these, the helicopter service segment is estimated to remain at the forefront in terms of the air ambulance services market share backed by the surging demand for rescue helicopters for the transportation of patients, especially from remote areas.


The market can be segmented in this way:















































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion)



Segmentation



Service Operator; Aircraft Type; Application and Geography



By Service Operator



  • Hospital-Based

  • Independent

  • Government



By Aircraft Type



  • Fixed-Wing

  • Rotary-Wing



By Application



  • Inter-Facility

  • Rescue Helicopter Services

  • Organ Transplant Logistics

  • Others



By Geography


 




  • North America (By Service Operator, Aircraft Type, Application, and Country)

    • The U.S. (By Service Operator)

    • Canada (By Service Operator)



  • Europe (By Service Operator, Aircraft Type, Application, and Country)

    • The U.K. (By Service Operator)

    • Germany (By Service Operator)

    • France (By Service Operator)

    • Italy (By Service Operator)

    • Rest of Europe (By Service Operator)



  • Asia-Pacific (By Service Operator, Aircraft Type, Application, and Country)

    • China (By Service Operator)

    • India (By Service Operator)

    • Japan (By Service Operator)

    • Australia (By Service Operator)

    • Rest of Asia-Pacific (By Service Operator)



  • Rest of the World (By Service Operator, Aircraft Type, Application, and Country)

    • South America (By Service Operator)

    • The Middle East & Africa (By Service Operator)




Air Ambulance Services Market
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  • 2017-2019
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