Global Air Ambulance Services Market
By Ambulance Type (Fixed Wing Air Ambulance Services, Rotary Wing Air Ambulance Services), By Service Type (Hospital Based Services, Community Based Services, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2016 and Forecast 2017-2024
Market Outline: Air Ambulance Services Market
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.
Market Dynamics: Air Ambulance Services Market
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 the air ambulance services market over 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.
Market Scope: Air Ambulance Services Market
Air ambulance services market is segmented on the basis of ambulance type, service type, and region
Based on the ambulance type, the market is segmented into the following:
- Fixed Wing Air Ambulance Services
- Rotary Wing Air Ambulance Services
Based on the service type, market is segmented into the following:
- Hospital-Based Services
- Community-Based Services
- Others
Based on the region, market is segmented into the following:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Summary: Air Ambulance Services Market
Increase in the prevalence of chronic diseases that require emergency medical treatment is a major factor driving the growth of air ambulance market. 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 air ambulance services 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.
Regional Analysis: Air Ambulance Services Market
Geographically, global air ambulance services market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America air ambulance services 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 air ambulance services 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 air ambulance services 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 air ambulance services 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.
Competition Assessment: Air Ambulance Services Market
Some of the players in the global air ambulance services market include:
- 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.)
Notable Market Developments: Air Ambulance Services Market
- In April 2017, Air Medical Group Holdings acquired Air Medical Resource Group for the expansion of air ambulance services business
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2013 to 2016) and forecast (2017 to 2024)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
