Air Ambulance Services Market to Surge at 6.2% CAGR over 2023 to 2030; RED.Health Rolled out RED Air Guardian to Strengthen Industry Foothold

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

• Air Methods Corporation (U.S.)
• Global Medical Response, Inc. (U.S.)
• Acadian Companies (U.S.)
• PHI, Inc. (U.S.)
• REVA, Inc. (U.S.)
• Express Aviation Services (U.S.)
• European Air Ambulance (U.K.)
• Avincis Aviation Sweden AB (Sweden)
• Air Charter Services Pvt Ltd. (U.K.)
• Gulf Helicopters (Qatar)    

Notable Industry Development

• February 2023 - Gama Aviation Plc, a UK-based aviation operator, announced that it had received a contract from Wales Air Ambulance Charity (WAAC). The deal is worth USD 79 million and covered the operation and maintenance of Helicopter Emergency Medical Services (HEMS) for seven years starting from January 2024.

Further Report Findings

• The presence of pivotal service providers in North America is expected to propel industry expansion in the region. The North America air ambulance services market share is estimated to expand at a substantial rate over the projected period.
• The Asia Pacific market size is slated to record appreciable growth over the anticipated period. The surge is driven by the escalating demand for medical transportation demand and soaring disposable income.
• By aircraft type, the market is categorized into fixed wing and rotary wing. The rotary wing segment held a leading industry share and is poised to register substantial growth over the projected period. The growth in helicopter emergency medical services demand is slated to propel this rise.
• On the basis of service operator, the market is classified into hospital-based, independent, and government. The independent segment is touted to grow at a notable CAGR over the study period.
• By application, the market is fragmented into inter-facility, rescue helicopter service, organ transplant logistics, infectious disease service, neonatal and pediatric transport, and others. The inter-facility segment held a key market share and is estimated to expand at a considerable pace over the projected period. The expansion is driven by the increasing demand for specialized care.

Table of Segmentation