Global Air Ambulance Services Market By Type (Rotary-Wing, and Fixed-Wing), By Application , By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029

Air Ambulance Services Market Overview

The global air ambulance services market was valued at US$ 5.7085 billion in 2021. It is expected to grow at a CAGR of 10.37% between 2023 to 2032. The World Health Organization (WHO) states that chronic diseases are the leading cause of death in the world and account for 61% of all deaths. Nearly 80.0% are caused by chronic diseases in low- and middle-income countries. Such factors are expected to boost the demand for the air ambulance services market.

Global Air Ambulance Services Market Scope:

Type Analysis

In 2021, the largest revenue share was held by the rotary-wing segment in the air ambulance market. It dominated the market with 77.1%. The term rotary-wing refers to helicopters in the market for air ambulance service. Helicopter-based air ambulance services offer the greatest advantages in cost-effectiveness, as well as quick response times. Helicopters are used to transport patients in emergencies, especially when there is a need for a rapid response.

A helicopter-based air ambulance is able to be used in many situations, mainly emergency response. Hospitals use rotary-wing helicopter services to transport patients to their destinations and return them to the hospital. Fixed-wing air ambulances are lighter than rotary-wing aircraft, allowing them to fly farther. Propeller-driven aircraft are mainly used for short distances. Turboprops, also known as propeller-driven aircraft, are often used for long-distance or outstation travel.

Business jets can carry more personnel and equipment than helicopters and can be used for long-distance services. Fixed-wing aircraft are able to operate in adverse weather conditions without compromising the quality or comfort of patient care. Two main reasons for an increase in demand for fixed-wing helicopter services can be attributed are the ability to operate in adverse conditions and growing medical tourism. Based on the transport parameters, a turboprop or jet can be used.

Service Model Analysis

Hospital-based segments dominated the market in air ambulance services. At 80% in 2021, they had the biggest revenue share. This segment is expected to see a significant growth rate during the forecast period. A hospital usually provides a team of medical professionals and partners with an aircraft service provider. The hospital pays the aviation service provider for its service model.

In 1972, the first civilian hospital-based helicopter service was established. Currently, half a million rotary and fixed-wing aircraft are in operation annually. Due to a dearth of medical physicists and specialty treatment in some areas, air ambulance services are employed to swiftly transport patients to specialty hospitals.

Over the forecast period, the community-based segment will experience a significant growth rate. A community-based service model is where an independent operator has a base in a locality and provides services to different areas. The operator is licensed by the FAA and has its own flight crew and medical staff. The growth in rural healthcare access has resulted in the development of community-based air ambulances. The community-based model is a completely different model from fixed agreements with hospitals. Instead of patient transfers, the income comes entirely from the community. These service models are funded by public donations or are donated by businesses. These service models can be provided by contracting with private operators or community healthcare organizations.

Кеу Маrkеt Ѕеgmеntѕ

By Type

• Fixed-wing

• Rotary-wing

By Service Model

• Community-based

• Hospital-based

Market Dynamics:

By 2032, 50% of Americans will be living with chronic diseases. Globally, cardiovascular diseases account for 31.1% of all deaths. Stroke is the 2nd leading cause of death in the world. The WHO estimates that chronic diseases will account for 3/4th of all deaths worldwide by 2022.

72.3% of these deaths will be due to ischemic heart disease and 76.1% will be from a stroke. India and China are home to high levels of heart disease. A rapid medical response is required for chronic diseases such as stroke and cardiac disease. These emergency medical situations can be handled quickly by air ambulance services. Modern medical treatment for trauma, stroke, chronic obstructive lung disorder, and cardiac patients is provided by air ambulances.

Since 1980, there has been an astronomical rise in global healthcare expenditures. The World Health Organization (WHO), 2012 report, found that the United States had the highest per-capita healthcare expenditure (USD 8362) while Eritrea had the lowest. The highest per capita health expenditure per person was made by the Luxembourg government ~US$ 6,906, while the Myanmar government spends the least per person per year on health.

By 2040, health-related expenses will account for 10% of global GDP. Forecasts indicate that US$ 9,019. is the per capita health expenditure in high-income countries. The other side is that the upper-middle income countries will spend US$ 1,935.0 per person on their health. The projected US$ 507.0 per capita health expenditures of the lower-middle income countries will be higher than those of the high-income countries.

However, low-income countries will spend US$ 164.0 per head on their health care. A rise in per capita healthcare spending is projected to have positive effects on the salaries of healthcare professionals, hospital administration, and treatment facilities. It will also help lower the cost of pharmaceutical products and medical procedures. An increase in per capita healthcare spending can help overcome the shortage of qualified medical personnel and facilities. The market for air ambulance services will grow if these resources are more readily available.

A large number of people over 60 years is projected to have a significant impact on the market’s growth over the forecast period. They are more susceptible to neurological diseases, heart problems, cancer, and spinal injuries. According to the WHO, global numbers of people 65 and older are expected to rise from 524 million in 2010, to almost 1.5 billion by 2050. These diseases can make it necessary to have both an emergency and non-emergency ambulance service. The market will likely grow due to the growing geriatric population.

Regional Analysis

With a revenue share of 53% in 2021, North America dominated the air ambulance services industry. This region will see a 9.2% growth rate over the forecast period. North America is home to the most number of air ambulance providers. The infrastructure necessary for air medical transport is easily accessible. This region is also supported by favorable reimbursement policies. The market for air ambulance services is expected to grow due to the development of a highly developed healthcare infrastructure.

The Asia Pacific is expected to see the fastest growth in the market for air ambulance service over the forecast period. Air ambulance services are expected to grow in the Asia Pacific due to the presence of developing countries like China, India, and Japan. These countries’ rapidly expanding medical tourism industry can also be attributed to the rise in demand in the region for air ambulance services.

Key Regions and Countries covered іn thе rероrt:

• North America

  • US

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Russia

  • Spain

  • Rest of Europe

• APAC

  • China

  • Japan

  • South Korea

  • India

  • Rest of Asia-Pacific

• South America

  • Brazil

  • Argentina

  • Rest of South America

• MEA

  • GCC

  • South Africa

  • Israel

  • Rest of MEA

Market Share & Key Players Analysis:

The key players in the air ambulance market are involved in launching new products, mergers and acquisitions, partnerships, and other strategies. REVA, for example, has expanded its Caribbean medical flight operations, providing immediate emergency air medical assistance on remote islands with short runways. To produce technologically advanced products, key players are investing heavily in research and development. REVA, for example, opened a new operation base in Schenectady in New York. REVA can now respond quickly to medical missions abroad and in Europe with the new base. New opportunities were also created with insurance companies and other top facilities in the Northeast.

Market Key Players:

• AMR

• REVA, Inc.

• PHI Air Medical

• IAS Medical, Ltd.

• Babcock Scandinavian Air Ambulance

• Express Air Medical Transport

• Lifeguard Air ambulance

• Acadian Ambulance

• American Air Ambulance

• Other Key Players

For the Air ambulance services market research study, the following years have been considered to estimate the market size: