Description

The global air ambulance services market size valued at $4.8 billion in 2021 and expected to reach $8.53 billion by 2027 at a CAGR of 9.2% during forecast period 2021-2027. Air ambulance services are the advanced and sophisticated medical services provided in medical emergencies. These are commonly used to 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, electrocardiogram, 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 faced with road ambulance service within a short period of time. Increase in the prevalence of chronic diseases such as cardiovascular diseases that require emergency treatment, rise in awareness about air ambulance services, rise in demand for medical tourism, and technological advancements in the 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 increase in healthcare expenditure spur the growth of air ambulance services market. However, high cost of services, chances of air ambulance accident, high initial capital investments, and lack of proper communications are anticipated to restrain the growth of air ambulance services market over the forecast years.

 

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