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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Air Ambulance Services Market: By Ambulance Type, By Service Type, and Region Forecast 2019 - 2030
Air Ambulance Services Market: By Ambulance Type, By Service Type, and Region Forecast 2019 - 2030
Air Ambulance Services Market size was valued at US$ 5.2 billion in 2023 and is expected to reach US$ 8.53 billion by 2030 at a significant CAGR of 10.2% from 2024-2030. Air ambulance services are the advanced and sophisticated medical services provided in medical emergencies. These are commonly used for on-time medical treatment for patients with chronic illness, and accident victims. Air ambulances are designed with medical accessories and equipment such as vital signs monitoring devices, electrocardiograms, oxygen cylinders, and stretchers, along with skilled medical professionals to provide initial medical care to victims. Air ambulance services are used to reach the remote areas where the problems are faced with road ambulance service within a short period.
An increase in the prevalence of chronic diseases such as cardiovascular diseases that require emergency treatment, a rise in awareness about air ambulance services, a rise in demand for medical tourism, and technological advancements in air ambulance services are anticipated to fuel during the forecast period. Moreover, government support for providing better treatment in emergency conditions such as wars, favorable reimbursement policies, and an increase in healthcare expenditure spur the growth of the air market. However, the high cost of services, chances of air ambulance accidents, high initial capital investments, and lack of proper communications are anticipated to restrain the growth of the market over the forecast years.
Study Period
2024-2030Base Year
2023CAGR
10.2%Largest Market
North AmericaFastest Growing Market
Europe
Increase in the prevalence of chronic diseases that require emergency medical treatment is a major factor driving the growth of . Most of the market players providing faster and better services in the emergency conditions. The service providers are focusing on the development of medical technologies to provide intensive care for critical patients to inter-transfer in healthcare units. Moreover, newer air ambulances are equipped with night vision devices, searchlights, improved speed system, flight data monitoring systems, and other equipment to provide the better services including in late hours.
In addition, acquisitions and collaborations between the market players expected to spur the revenue growth of market. For instance, in May 2015, Reach Air Medical Services acquired Summit Air Ambulance for expansion of air ambulance services in three more states in U.S. Similarly, in March 2017, European Air Ambulance collaborated with US and Mexico based Airlink Air Ambulance for providing better services in Latin America.
North America market is exhibiting significant growth owing to increase in the number of air ambulance service providers, rise in healthcare expenditure, and sophisticated healthcare infrastructure in the region. Europe market growth driven by increase in the prevalence of chronic diseases, favorable reimbursement policies, and high awareness about air ambulance services among key stakeholders in the region.
Asia Pacific market is poised to grow due to rise in medical tourism in Asia Pacific region, launching of newer air ambulance services by local market players, and increase in healthcare expenditure are propel the market. Latin America market expected to present significant growth opportunities owing to collaboration between the market players, economic growth, and increase in the prevalence of chronic diseases in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 5.2 billion |
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Market Size in 2030 |
US$ 8.53 billion |
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Market CAGR |
10.2% |
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By Ambulance Type |
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By Service Type |
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By Region |
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The air ambulance services market size was valued at US$ 5.2 billion in 2023 and is set to reach US$ 8.53 billion by 2030 at a CAGR of 10.2% from 2024-2030.
The key segments covered in the market are technology, components, application, and end-users.
The market key players are PHI Air Medical (U.S.), Express Aviation Services (U.S.), REVA Air Ambulance (U.S.), AMR Air Ambulance (U.S.), Falck Danmark A/S (Denmark), Lifeguard Air Ambulance (U.S.), Envision Healthcare Companies (U.S.), Air Methods (U.S.), AirMed International LLC (U.S.), European Air Ambulance (Luxembourg), USMX AirLink L.C. (U.S.), REACH Air Medical Services (U.S.)
| 1. Executive Summary |
| 2. Global Air Ambulance Services Market Introduction |
| 2.1.Global Air Ambulance Services Market - Taxonomy |
| 2.2.Global Air Ambulance Services Market - Definitions |
| 2.2.1.Ambulance Type |
| 2.2.2.Service Type |
| 2.2.3.Region |
| 3. Global Air Ambulance Services Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Air Ambulance Services Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Air Ambulance Services Market By Ambulance Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Fixed Wing Air Ambulance Services |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Rotary Wing Air Ambulance Services |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Air Ambulance Services Market By Service Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Hospital-Based Services |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Community-Based Services |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Others |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Air Ambulance Services Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Air Ambulance Services Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Ambulance Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Fixed Wing Air Ambulance Services |
| 8.1.2.Rotary Wing Air Ambulance Services |
| 8.2. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Hospital-Based Services |
| 8.2.2.Community-Based Services |
| 8.2.3.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Air Ambulance Services Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Ambulance Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Fixed Wing Air Ambulance Services |
| 9.1.2.Rotary Wing Air Ambulance Services |
| 9.2. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Hospital-Based Services |
| 9.2.2.Community-Based Services |
| 9.2.3.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Air Ambulance Services Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Ambulance Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Fixed Wing Air Ambulance Services |
| 10.1.2.Rotary Wing Air Ambulance Services |
| 10.2. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Hospital-Based Services |
| 10.2.2.Community-Based Services |
| 10.2.3.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Air Ambulance Services Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Ambulance Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Fixed Wing Air Ambulance Services |
| 11.1.2.Rotary Wing Air Ambulance Services |
| 11.2. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Hospital-Based Services |
| 11.2.2.Community-Based Services |
| 11.2.3.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Air Ambulance Services Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Ambulance Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Fixed Wing Air Ambulance Services |
| 12.1.2.Rotary Wing Air Ambulance Services |
| 12.2. Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Hospital-Based Services |
| 12.2.2.Community-Based Services |
| 12.2.3.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.PHI Air Medical (U.S.) |
| 13.2.2.Express Aviation Services (U.S.) |
| 13.2.3.REVA Air Ambulance (U.S.) |
| 13.2.4.AMR Air Ambulance (U.S.) |
| 13.2.5.Falck Danmark A/S (Denmark) |
| 13.2.6.Lifeguard Air Ambulance (U.S.) |
| 13.2.7.Envision Healthcare Companies (U.S.) |
| 13.2.8.Air Methods (U.S.) |
| 13.2.9.AirMed International, LLC (U.S.) |
| 13.2.10.European Air Ambulance (Luxembourg) |
| 13.2.11.USMX AirLink L.C. (U.S.) |
| 13.2.12.REACH Air Medical Services (U.S.) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.