Air Ambulance Services Market Size, Share, Growth, Trends, and Global Industry Analysis: By Ambulance Type (Fixed Wing Air Ambulance Services, Rotary Wing Air Ambulance Services), By Service Type (Hospital Based Services, Community Based Services, Others), and Region Forecast 2020-2031

Air Ambulance Services Market size was valued at US$ 5.7 billion in 2024 and is expected to reach US$ 11.3 billion by 2031, growing at a significant CAGR of 10.2% from 2025-2031. 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.

Key Developments:

• In February 2025, India announced plans to introduce electric vertical take-off and landing (eVTOL) air ambulances, signifying a major advancement in the country's emergency medical services. A $1 billion agreement between ePlane Company, a startup based at IIT-Madras, and ICATT, India's leading air ambulance provider, will enable the deployment of 788 eVTOL air ambulances across the nation.
• In April 2023, RED.Health (formerly StanPlus), an on-demand ambulance start-up, launched air ambulance services in India under the name RED Air Guardian. The service utilizes a fleet of over 25 aircraft, covering more than 550 cities. Each air ambulance is equipped with advanced medical technology, established clinical pathways, and staffed by a team of qualified critical care professionals.
• In April 2023, Hemant Soren, the Chief Minister of Jharkhand, launched the state's first air ambulance service. The service utilizes an aircraft leased from Redbird Airways, according to an official from the state's civil aviation department.