Fact.MR – A Market Research and Competitive Intelligence Provider: The global air ambulance industry is predicted to develop at a high CAGR from 2021 to 2031, according to the study.
Rotary Wing Air Ambulances to Witness Proliferating Growth in Air Ambulance Market
The latest Fact.MR report offers actionable and valuable insights on the air ambulance market. It provides a thorough analysis of growth drivers, restrains, opportunities and emerging trends shaping the market dynamics across key regions. To present the information in a coherent manner, the report has been segmented on the basis of service, vehicle type and application across major regions.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global air ambulance industry is predicted to develop at a high CAGR from 2021 to 2031, according to the study. According to Fact.MR, the air ambulance market would grow significantly in the forecast period due to rising demand for effective services despite adverse conditions and improved medical care service standards.
According to the Directorate-General of Commercial Intelligence report 2017, there are roughly 58,000 medical tourists on medical visas in India, according to the Health Service Model. Air ambulance demand will be boosted by the rapidly growing medical tourism business in developing nations such as India.
Air ambulance services, as opposed to road ambulances, can arrive faster and accommodate superior medical facilities. In addition, the increased prevalence of chronic disease and catastrophic traffic accidents has resulted in emergency situations requiring the usage of a critical care center.
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According to a research by the World Health Organization (WHO), 17.5 million people die each year from cardiovascular disease. In order to avoid any medical emergency, prompt assistance is considered essential. As a result, there is a growing emphasis on healthcare expenditure to accommodate advanced facilities such as air ambulance services.
Medicare covers non-emergency and emergency ambulance services in the United States. As a result, the market for air ambulance services is projected to be driven by the United States’ well-established and developed healthcare system over the forecast period.
“Increasing occurrence of critical medical situations such as stroke, car accident, and earthquake injuries is fuelling the demand for air ambulance services. Advanced air ambulances make it easy to transport critical patients from their residences or the location of an accident to hospitals. This is expected to be a major catalyst for the expansion of the air ambulance market,” said a Fact MR analyst.
Key Takeaways:
- The United States dominates the air ambulance industry due to the simple accessibility of the infrastructure required for air medical transportation
- The United Kingdom’s air ambulance market is likely to be driven by the availability of advantageous reimbursement rules.
- Independent air ambulance services will continue to be in high demand throughout the projection period in terms of service.
- In the coming years, rotary wing air ambulances will be in higher demand than other types of vehicles.
Growth drivers:
- When compared to a road ambulance, the ability to reach the concerned place sooner and accommodate advanced medical facilities would boost market growth.
- Market growth will be accelerated by favorable reimbursement rules and increased need for immediate medical assistance.
- Market growth will be fueled by an increase in the number of hospitals with air ambulance services and rising healthcare expenditures.
Key restraints:
- The Federal Aviation Administration’s strict safety rules for air ambulance services will stifle the sector to some extent.
- In developing economies, high service costs are stifling market expansion.
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Competitive landscape:
Key players are concentrating on regional expansion and extensively spending in R&D to provide technologically advanced products.
- As an example, AirLife North Carolina opened a new base in Lumberton, North Carolina, in August 2019 to advance technology in the air ambulance business.
Air Methods Corporation, Air Medical Group Holdings, PHI Air Medical, Aviation, Rega, ADAC Service GmbH, Royal Flying Doctor Service, REVA Air Ambulance, Capital Air Ambulance, Native American Air Ambulance, Scandinavian Air Ambulance, Airmed International, Babcock Scandinavian Air Ambulance, and Yorkshire Air Ambulance are some of the leading manufacturers and service providers of air ambulances.
More Information about the Air Ambulance Industry:
The market for air ambulances is examined objectively by Fact.MR.
The market is segmented on the basis of service type (hospital-based, independent, government, and community-based), type of vehicle (rotary wing, aircraft/airplanes, fixed wing, helicopters, seaplanes, and others), application (interfacility, rescue helicopter service, organ transplant logistic, scene response, and others), and region to better understand the global market potential, growth, and scope (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa).
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