Kingdom Of Saudi Arabia Air Ambulance Market Size, Share & Trends Analysis Report By Type (Rotary-wing, Fixed-wing), By Service Model (Hospital Based, Community Based), By Country, And Segment Forecasts, 2024 - 2030
Kingdom Of Saudi Arabia Air Ambulance Market Size, Share & Trends Analysis Report By Type (Rotary-wing, Fixed-wing), By Service Model (Hospital Based, Community Based), By Country, And Segment Forecasts, 2024 - 2030
Kingdom Of Saudi Arabia Air Ambulance Market Growth & Trends
The Kingdom of Saudi Arabia air ambulance market size is anticipated to reach USD 337.7 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.1% from 2024 to 2030. Rise in per capita healthcare expenditure and increasing penetration of private hospital chains are some of the key factors contributing to market growth.
Increasing prevalence of chronic diseases such as cardiac conditions, which demand emergency medical response, and improvement in medical infrastructure in entertainment and sports industries are also anticipated to boost the market.
Disease prevalence of chronic disorders, especially cardiac disorders, is one of the major causes of death in Saudi Arabia. An estimated 42.0% of deaths in Saudi Arabia are due to cardiac disorders. Rapid socio-economic growth in Middle Eastern countries has resulted in drastic lifestyle changes, which can be considered as a major reason for the increasing prevalence of lifestyle disorders.
The per capita healthcare expenditure in Saudi Arabia has increased by 80.7% since 1995, and as of 2014, it was found to be USD 1,147.45. This is anticipated to increase the demand for more innovative emergency medical service facilities. This, in turn, is expected to increase the demand for air ambulance services.
Kingdom Of Saudi Arabia Air Ambulance Market Report Highlights
Rotary-wing type dominated the market and accounted for a share of 77.7% in 2023 due to its advantages over other means of transport.
Hospital based segment dominated the market and accounted for a share of 80.0% in 2023. The factors driving the segment growth are primarily a lack of medical facilities in some areas or demand for better medical facilities that require the patient to be airlifted in critical conditions.
The Kingdom of Saudi Arabia air ambulance market accounted for a 21.9% share of the Middle East and Africa market in 2023. The rise in health expenditure and growing cases of chronic diseases demand advanced facilities such as air ambulance services for patients in critical conditions.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Kingdom of Saudi Arabia Air Ambulance Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Kingdom of Saudi Arabia Air Ambulance Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
Chapter 4. Kingdom of Saudi Arabia Air Ambulance Market: Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Kingdom of Saudi Arabia Air Ambulance Market: Type Movement Analysis, 2023 & 2030 (USD Million)