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Air Ambulance Service Market Size 2022-2030- Increasing Technological Advancements In Air Ambulance Services Is A Key Revenue Growth-Driving Factor

Published: Apr 26, 2022

Rising incidence of trauma, stroke, and heart attack is expected to increase demand for air medical services, which is one of the key factors driving market revenue growth

The global air ambulance service market size is expected to reach USD 13.15 Billion in 2030 and register a revenue CAGR of 10.5% over the forecast period, according to latest report by Reports and Data. Rising incidence of trauma, stroke, and heart attack is expected to drive market revenue growth during the forecast period. Air ambulance services are increasingly being implemented to transfer patients suffering from stroke, heart attack, or any traumatic incident who require time-sensitive therapy in a critical care facility. In many situations of trauma, stroke, and heart attack, time-sensitive medical or surgical intervention is essential, such as quick restoration of blood flow to the brain with the help of an emergency Intravenous (IV) Injection of recombinant tissue plasminogen activator, or an endovascular procedure for treating ischemic stroke, which can be efficiently provided through air ambulance services at various locations. There are significant opportunities for development of air ambulance services across the world, due to rising incidence of trauma, stroke, and heart attack.

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However, increasing costs of air medical services and reimbursement issues may hinder market revenue growth to some extent. Costs of air ambulance services are much higher than those of land ambulance services. Though coverage for air ambulance services is available in the United States from government and commercial health insurance, reimbursement rates are extremely low when compared to the billing of air health practitioners. Medicare and Medicaid cover around 60% and 34% of average air medical transport costs, leaving patients with significant out-of-pocket expenses in many circumstances.

Some Key Highlights in the Report

  • Independent segment is expected to account for largest revenue share in the global air ambulance service market over the forecast period, owing to increasing collaboration between private players and community health organizations.
  • The rotary-wing segment is expected to register a faster revenue CAGR during the forecast period. Rotary-wing aircraft are commonly utilized for helicopters, and the major benefits of helicopter-based air ambulance services are their low costs and rapid response time.
  • Air ambulance service market in North America is expected to account for largest revenue share in the global market over the forecast period, due to the availability of various air ambulance service providers in the region.
  • Asia-Pacific air ambulance service market is expected to register a significantly rapid revenue growth rate during the forecast period, due to increasing investments by important companies in improving ambulance service operations and rising healthcare costs in the region.
  • Companies profiled in the global market report include Air Methods Corporation, Acadian Companies, Global Medical Response, Inc., Petroleum Helicopters International (PHI), Inc., Express Aviation Services LLC, Air Charter Service, REVA, Inc., Babcock International Group PLC, European Air Ambulance, and Gulf Helicopters.
  • In July 2021, European Air Ambulance (EAA) announced latest investment in longer-range Challenger 605. The new aircraft is the latest in a long line of EAA investments in the fleet, equipment, personnel, and headquarters, all to improve and expand services they provide. Their designers are specialists in international air ambulance repatriation with over three decades of expertise in aeromedical transport, and they are known for medical excellence and operational dependability. The goal of EAA has always been client pleasure and safety of patients being transported with the aircraft.

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For the purpose of this report, Reports and Data has segmented the global air ambulance service market based on service operator, service type, aircraft type, application, and region:

Service Operator Outlook (Revenue, USD Billion; 2019-2030)

  • Hospital Based
  • Independent
  • Government

Service Type Outlook (Revenue, USD Billion; 2019-2030)

  • Medical Serice
  • Government Service
  • Community Service

Aircraft Type Outlook (Revenue, USD Billion; 2019-2030)

  • Fixed Wing
  • Rotary Wing

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Inter-Facility
  • Rescue Helicopter Service
  • Organ Transplant Logistics
  • Others

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Regional Outlook (Revenue, USD Billion; 2019-2030)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel
    • Rest of MEA

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Some points on how the report benefits stakeholders:

  • The reports include historical (2019–2020) and forecast (2021–2030) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
  • Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
  • The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
  • The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
  • Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
  • The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

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