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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.
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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:
A Significant Industry Development-
Further Report Findings-
The market can be segmented in this way:
Value (USD Billion)
Service Operator; Aircraft Type; Application and Geography
By Service Operator
By Aircraft Type