Air Ambulance Services Market Report
Global air ambulance services market, By Service Type (Hospital-based Services and Community-based Services); By Aircraft Type (Helicopter, Drone Ambulance Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft), and Seaplanes); By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Share & Forecast, 2020-2027
- Published Date: May 2021
- Report ID: BWC20335
- Available Format: PDF
- Page: 161
Report Overview
Global air ambulance
services market size - Industry Trends &
Forecast Report 2027
The global air ambulance services market was worth USD 5.0 Billion in 2020 and is further projected to reach USD 8.8 Billion by 2027, at a CAGR of 7.9 % during 2021-2027 (forecast period). Patient’s inclination towards faster mode of transportation, combined with technological advancements are the factors contributing to the growth of the air ambulance services market. Air Ambulances are in high demand as they assist in reaching out to limited remote areas that are not always accessible via road ambulance services. What’s more, air ambulances also provide an advantage over long travel durations.
Source: BlueWeave Consulting
Global Air Ambulance
Services Market Overview:
An air ambulance service is a
type of air transportation service that is usually provided to patients in the
event of an emergency. A helicopter or an airplane could serve as an air
ambulance, equipped with all necessary first-aid equipment and medical
facilities to ensure proper convenience and optimal healthcare. An air
ambulance also has skilled medical crew trained in providing initial crisis
medical care to patients. Rising occurrence of several severe medical cases, along
with advanced innovation in ambulances, their use also started for
transportation to-and-from hospitals of critical patients. With the number of
serious medical cases rising, along with advancements in ambulance technology,
ambulances began to be used for emergency patient transportation to and from
hospitals.
Global
Air Ambulance Services Market Forecast and Trends
Growth
Drivers
Technological
Advancements
The
use of advanced technology and patients’ inclination towards a faster and
efficient mode of transportation is significantly contributing to the growth of
the air ambulance services market. In the event of an accident or a medical
emergency, patients are normally transported by air ambulance. Technological
advancements allow for the resolution of issues such as long travel times and
the challenge of accessing remote areas that road ambulances are unable to
access. These air ambulances include all the primary first-aid tools and
medical practitioners that can assist patients with primary medical treatment
in an emergency.
Increasing
incidence of life-threatening diseases that require medical emergency
Rising
incidences of critical illnesses such as cancer, diabetes, neurological
conditions, heart disease, and HIV are the primary factors driving the growth
of the global air ambulance market. Additionally, the thriving healthcare
sector and the rising number of accidents worldwide are the primary factors
driving the market's expansion. Air ambulance ensures a timely and
well-organized passage in the event of a critical medical emergency, such as a
car accident or a burn incident. Furthermore, an air ambulance is a boon for
patients suffering from cardiac issues such as heart attacks, as well as other serious
health issues such as brain stroke, which necessitate immediate medical
attention.
Restraints
Operational Constraint
One of the major drawbacks of air ambulance
services is that the plane or jet used for transportation cannot hold all of
the necessary medical equipment for treating patients while in transit. The
sector's development is also being hindered by a rise in the number of air
ambulance casualties, as well as high service costs and organizational
constraints. Since air ambulances need routine servicing, they are more likely
to crash than regular jet planes. Additionally, restricted space in the
aircraft is another constraint in the air ambulance service.
Impact of COVID-19 in the
industry.
The global emergency service sector has benefited
from the COVID-19 outbreak. The market is expanding due to the urgent need to
provide emergency treatment to COVID-19 patients during the ongoing pandemic. Additionally,
ambulance service providers are multiplying around the world, fueling the
growth of the market. The number of hospitals has also increased as a
result of the pandemic. Furthermore, rising accident rates and the introduction
of new ambulances are fueling the market's expansion.
Global Air Ambulance
Services Market: By Service Type
Based on service form, the global air
ambulance services market is divided into hospital-based services and
community-based services. Over the forecast era, hospital-based services will
be the most common form of air ambulance service. In a hospital-based service
model, a hospital typically provides medical staff and collaborates with an
aviation service provider for aircraft, pilots, and mechanics. The air
ambulance's supremacy is largely attributed to emergency response by medical
personnel on board.
Global Air Ambulance
Services Market: By Aircraft Type
Based on Aircraft Type, the global air
ambulance services market is divided into Helicopter, Drone Ambulance Aircraft/Airplane,
and seaplanes. The Airplane segment is further divided into Rotary Winged
Aircraft and Fixed Winged Aircraft. In the coming years, the rotary-winged
aircraft segment is expected to be the largest and fastest-growing. The
market's growth was aided by an increase in demand for helicopter air ambulances,
especially during the COVID-19 emergency. In addition, the increasing
production of helicopters dedicated to providing healthcare services by
manufacturers is expected to support growth.
Global Air Ambulance
Services Market – Regional Insights
Based on region, the global air ambulance services market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the air ambulance services market; this has accounted for the largest revenue share. This region has the most significant air ambulance service providers; this region also has the better infrastructure, which required air medical transportation. The favorable reimbursement policies in this region are again an important factor contributing to the growth of the market. The market for air ambulance services is predicted to see the fastest growth in the Asia Pacific region over the forecast period. In developing countries like China, India in this region is responsible for developing the market for air ambulance services.
Recent Developments
In March 2021, Tampa General Hospital added a
new Airbus EC145e to its fleet of critical care helicopters. The new helicopter
has a larger cabin and faster airspeeds than the company's current primary
aircraft.
In April 2021, Air Methods, the leading air
medical service in the U.S., partnered with Baylor Scott & White Health to launch
a base in Waco, Texas. The base will provide emergency air medical services to
Temple and Bell County; Waco and McLennan County; Falls County and Coryell
County.
Competitive Landscape
The key market players in the global air ambulance
services market are PHI Air Medical, Air Ambulance
Specialists, Babcock Scandinavian AirAmbulance, Express Air Medical Transport,
Lifeguard Air Ambulance, Native American Air Ambulance, Metro Aviation Inc.,
The Royal Flying Doctor Service, REVA Air Ambulance, Yorkshire Air Ambulance,
EAA, Capital Air Ambulance, AirMed international and other key manufacturers.
Advanced technological advancements in
onboard medical treatments have been attracting the interest of key market
players. A growing number of service providers is likely to provide a
significant opportunity for the global air ambulance services market to grow.
Nevertheless, significant initial capital investments are expected to halt the
entry of new market entrants.
Scope
Attribute |
Details |
Years
Considered |
Historical data – 2016-2019 Base Year – 2019 Forecast – 2020 – 2027 |
Facts Covered |
Revenue in USD Billion[M1] |
Market Coverage |
U.S, Canada, Germany, UK, France, Italy, Spain,
Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE, South
Africa, Saudi Arabia |
Product/Service Segmentation |
By Services Type, By
Aircraft Type, By Region |
Key Players |
Key players for Global Air Ambulance Services
Market are PHI Air Medical, Air Ambulance Specialists, Babcock Scandinavian
AirAmbulance, Express Air Medical Transport, Lifeguard Air Ambulance, Native
American Air Ambulance, Metro Aviation Inc., The Royal Flying Doctor Service,
REVA Air Ambulance, Yorkshire Air Ambulance, EAA, Capital Air Ambulnace,
AirMed International and other key manufacturers. |
·
By Services
Type
o
Hospital-based Services
o
Community-based Services
·
By
Aircraft Type
o
Helicopter
o
Drone Ambulance Aircraft/Airplane
§ Rotary Winged
Aircraft
§ Fixed Winged
Aircraft
o
Seaplanes
·
By
Region
§ North
America
§ Latin
America
§ Europe
§ Asia
Pacific
§ Middle
East
§ Africa
FAQs
1. What is the current
size of the global
air ambulance services market?
Answer: The global Air Ambulance Services Market reached USD 5.0 Billion in
2020.
2. What are the major
factors driving the growth of global
air ambulance services market?
Answer: Patient’s
inclination towards faster mode of transportation, combined with technological
advancements are the factors contributing to the growth of the global air
ambulance services market.
3. Who are the key
players in the global
air ambulance services market?
Answer: The key players in the Global Air
Ambulance Services Market are PHI Air Medical,
Air Ambulance Specialists, Babcock Scandinavian AirAmbulance, Express Air
Medical Transport, Lifeguard Air Ambulance, Native American Air Ambulance,
Metro Aviation Inc., The Royal Flying Doctor Service, REVA Air Ambulance,
Yorkshire Air Ambulance, EAA, Capital Air Ambulnace, AirMed International, and
other key manufacturers.
4. Which type
accounted for the largest share in the global
air ambulance services market?
Answer: based
on type, hospital-based services accounted for the largest share in the global air
ambulance services market.
5. Which aircraft
type segment accounted for the largest share in the global air ambulance services market?
Answer: The rotary wings aircraft segment is growing at a higher rate in the global air ambulance services market.
1. Research
Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research
Methodology
2.1. Qualitative Research
2.1.1. Primary
& Secondary Research
2.2. Quantitative
Research
2.3. Market
Breakdown & Data Triangulation
2.3.1. Secondary
Research
2.3.2. Primary
Research
2.4. Breakdown of
Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Air Ambulance Services Market Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Recent Development
4.3.
Porter’s Five Forces Analysis
4.3.1. Bargaining Power of
Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4 Value Chain Analysis
4.5 Strategic Outlook
4.6 Regulatory Framework
4.7 Key Strategic Developments
5. Global Air Ambulance Services Market Overview
5.1. Market
Size & Forecast by Value, 2020-2027
5.1.1. By Value (USD Million)
5.2. Market
Share & Forecast
5.2.1. By
Services Type
5.2.1.1. Hospital-based
Services
5.2.1.2. Community-based Services
5.2.2. By Aircraft Type
5.2.2.1. Helicopter
5.2.2.2. Drone Ambulance
Aircraft/Airplane
5.2.2.2.1.Rotary Winged
Aircraft
5.2.2.2.2. Fixed Winged
Aircraft
5.2.2.3. Seaplanes
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Latin America
5.2.3.3. Europe
5.2.3.4. Asia Pacific
5.2.3.5. The Middle East
5.2.3.6. Africa
6. North America Air Ambulance Services Market
6.1. Market Size & Forecast by
Value, 2020-2027
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Services Type
6.2.2. By Aircraft Type
6.2.3. By Country
6.2.3.1. United States
6.2.3.2. Canada
7. EuropeAir Ambulance Services Market
7.1. Market Size & Forecast by Value, 2020-2027
7.1.1. By Value (USD Million)
7.1.2. By Volume (Million Unit)
7.2. Market Share & Forecast
7.2.1. By Services Type
7.2.2. By Aircraft Type
7.2.3. By Country
7.2.3.1. Germany
7.2.3.2. Poland
7.2.3.3. Russia
7.2.3.4. Italy
7.2.3.5. France
7.2.3.6. United Kingdom
7.2.3.7. Spain
7.2.3.8. Rest of Europe
8. Asia Pacific Air Ambulance Services Market
8.1. Market Size & Forecast by Value, 2020-2027
8.1.1. By Value (USD Million)
8.1.2. By Volume (Million Unit)
8.2. Market Share & Forecast
8.2.1. By Services Type
8.2.2. By Aircraft Type
8.2.3. By Country
8.2.3.1. China
8.2.3.2. India
8.2.3.3. Japan
8.2.3.4. Malaysia
8.2.3.5. Singapore
8.2.3.6. Rest of Asia Pacific
9. Latin America Air Ambulance Services Market
9.1. Market
Size & Forecast by Value, 2020-2027
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Service Type
9.2.2. By Aircraft Type
9.2.3. By Country
9.2.3.1. Brazil
9.2.3.2. Mexico
9.2.3.3. Rest of Latin America
10. Middle East & Africa Air Ambulance Services Market
10.1.Market Size & Forecast by Value, 2020-2027
10.1.1. By Value (USD Million)
10.1.2. By Volume (Million Unit)
10.2. Market Share & Forecast
10.2.1. By Service Type
10.2.2. By Aircraft Type
10.2.3. By Country
10.2.3.1. Saudi Arabia
10.2.3.2. GCC
10.2.3.3. UAE
10.2.3.4. South Africa
10.2.3.5. Rest of Middle East
& Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. COVID-19 Impact
12.1. Future Impact
12.2. Key Developments during COVID-19
12.3. Impact on Market
12.3.1. Different Scenario
12.3.2. Impact on Companies
12.4. Regional Impact
13. Key Strategic Recommendations
14. Company Profile (Company Overview, Financial
Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address,
and Strategic Outlook)
14.1. PHI Air Medical
14.2. Air Ambulance Specialists
14.3. Babcock Scandinavian Air
Ambulance
14.4.Express Air Medical Transport
14.5 Lifeguard Air Ambulance
14.6. Native American Air Ambulance
14.7. Metro Aviation Inc.
14.8. The Royal Flying Doctor Service
14.9. REVA Air Ambulance
14.10. Yorkshire Air
Ambulance
14.11. EAA
14.12. Capital Air
Ambulnace
14.13. AirMed international
14.14. Other Prominent Players
Market Segmentation
·
By Services
Type
o
Hospital-based Services
o
Community-based Services
·
By
Aircraft Type
o
Helicopter
o
Drone Ambulance Aircraft/Airplane
§ Rotary Winged
Aircraft
§ Fixed Winged
Aircraft
o
Seaplanes
·
By
Region
§ North
America
§ Latin
America
§ Europe
§ Asia
Pacific
§ Middle
East
§ Africa
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