Global Air Ambulance Services Market Analysis, Trends and Insights 2020- 2026
Summary - A new market study, titled “Global Air Ambulance Services Market Research Report Forecast to 2024” has been featured on WiseGuyReports.
Global Air Ambulance Services Market: Information by Transport
Vehicle (Air and Ground), Aircraft Type (Fixed-Wing and Rotary-Wing), Service
Model (Community-Based, Hospital-Based and Hybrid), Mission Profile
(Inter-Facility Transport, Scene Response and others) and Region (North
America, Europe, Asia Pacific and Rest of the World) - Forecast to 2024
Market analysis
As far the analysis, Rotary-wing aircraft are stimulated with upright lift
rotors. These aircraft offer various benefits such as vertical take-off and
landing (VTOL), hover competences, and relaxed maneuverability. As a result,
these aircraft are widely active in release procedures, as air ambulances, and
associated desires. The global air ambulance services market is growing at a
noteworthy rate with the increasing per capita healthcare disbursement and rise
in the number of advanced hospitals and ER visits. The global air ambulance
services market is foreseeable to account for USD 11,456.3 million by 2024,
recording a CAGR of around 2.95% during the forecast period of 2019 to 2024. In
2018, the market was subjugated by North America followed by Europe and
Asia-Pacific, respectively. The advantage of using rotary-wing aircraft for air
ambulance facilities are easy residual of patients from the scene. The use of
rotary-wing aircraft as air ambulances does not demand ground transportation as
these aircraft can straight land near the hospital. In May 2017, Air Med
documented its first helicopter base in Silsbee, Texas. A twin-engine,
single-pilot IFR EC135 with night-vision goggle capabilities transports backup
first response air transportation services in the state. Henceforth, the
rotary-wing section is predictable to record a advanced a CAGR of 2.45% during
the said forecast period. The snowballing per capita healthcare outflow and
rise in the number of progressive hospitals and ER activities are some of the
key drivers for the development of the global air ambulance services market. In
April 2019, Air Methods publicized the growth of its company with Anthem Blue
Cross and Blue Shield. The company’s services will be part of their in-network
health reporting supports in six states in the US. Under the terms of the
business, Anthem-affiliated health plan members in California, Georgia, Nevada,
Colorado, Virginia, and New York will receive Air Methods’ critical care air
services at abridged in-network rates. In February 2018, Air Medical Group
Holdings exposed the adding of 21 longstanding Airbus helicopters to its fleet
for air medical conveyance projects. In this process, data is collected from
numerous secondary sources, including annual reports, SEC filings, journals,
government associations, aerospace & defense magazines, white papers,
corporate presentations, company websites, and paid databases. In 2018, North
America settled for the foremost market share in the global air ambulance
services market, shadowed by Europe, with around 21% of the global market
portion.
Market segmentation
The Global Air Ambulance Services Market has been segmented by type, by end use
and by region. The global air ambulance services market has been segmented, by
region, into North America, Europe, Asia-Pacific, and Rest of the World. North
America is expected to be the largest market for air ambulance services. The
air ambulance services market in North America is credible to record a CAGR of
around 2.08% throughout the forecast period. In North America, factors such as
favorable medical policies, high per capita incomes, and obtainability of
progressive healthcare infrastructure are bolstering market growth. Rendering
to the World Bank, in 2017, the GDP per capita in the US was USD 59,927.93.
High per capita income increases the affordability rate for air ambulance
facilities. The cumulative per capita healthcare expenditure and rise in the
number of advanced hospitals and ER appointments are some of the important
drivers for the growth of the global air ambulance services market. In 2018,
North America accounted for the main market share in the global air ambulance
facilities market, shadowed by Europe, with around 21% of the global market
portion. Additionally, the growing number of road accidents in both the US and
Canada are driving the demand for emergency medical services, including air
ambulance services. According to the National Safety Council, there were
approximately 40,100 motor vehicle deaths in the US in 2017. In the US, the
presence of prominent air ambulance service breadwinners such as Air Methods,
Acadian Companies, Air Medical Group Holdings, and PHI Air Medical is driving
market growth. In Canada, the snowballing number of pedestrian deaths are
propelling the growth of the air ambulance services market. In this process,
both the demand- and supply-side parties are interviewed to extract facts and
insights into the market forecast, manufacture, trends, and projected market
growth. Industry investors such as CEOs, VPs, directors, and marketing
executives across the value chain are approached to obtain key information.
Also, given report customization to valued customers. Below are the options
available for customization are Company Profiles, In-depth profiling of
additional market players (3 to 4 companies), Country-Level Analysis, Detailed
analysis of a country-level market and related segments as per the report scope
(subject to data availability).
Regional analysis
Geographically, Global Air Ambulance Services Market is split in regions like
North & Latin America, Europe, Asia-Pacific, Middle east and Africa and
Rest of the world. Based on geography, North America is projected to dominate
global AAS Market. Availability of supportive organization for air medical
transportation, promising repayment strategies, and high company of local and
external service providers in this North America produces the money-making
growth of this market. However, Asia Pacific is anticipated to make a
dominating growth in the forecast period. The educating economic atmosphere and
emergent the noteworthy growing of air medical facilities in countries such as
India, China, Japan and attendance of multinational corporations marking the
significant growth of the market in the Asia Pacific.
Major players
The proposed spectators in the Global Air Ambulance Services Market are
manufacturers, Retailers, distributors, wholesalers, Investors and trade
experts, Governments, associations, industrial bodies, etc. The major companies
functioning in the Global Air Ambulance Services Market are concentrating on
firming their global ways by entering into untouched markets. The projected
onlookers in the Global Air Ambulance Services Market are companies like
European Air Ambulance (Luxembourg), Air Methods (US), Air Medical Group
Holdings (AMGH) (US), ALPHASTAR (Saudi Arabia), Babcock Scandinavian
AirAmbulance (Sweden), Express Aviation Services (US), IAS Medical (UK), PHI
Air Medical (US), REVA, Inc. (US) and Acadian Companies (US).
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