Air Ambulance

Air Ambulance

The global air ambulance market has witnessed a sizeable growth during 2022-2023. One of the factors that have supported the market growth is the rising demand for air ambulances in the healthcare industry, as air ambulances offer various advantages in case of patient emergency, as well as donor organ transportation. The air ambulance services also provide aid to recovering passengers from distant locations to healthcare centers. Additionally, the rising awareness among consumers to opt for air ambulance services has further promoted the growth of the services across the globe.

The Global Air Ambulance market was valued at USD 6,795.50 million in 2023 and is expected to grow at a strong CAGR of around 10.92% during the forecast period (2024-2032). One of the key factors that has promoted the demand for air ambulance services across the globe is the high prevalence of chronic diseases and trauma cases across the globe. According to the World Health Organization, non-communicable diseases kill 41 million people per year. Of these, chronic diseases such as cardiovascular diseases, cancer, respiratory diseases, and diabetes-related death accounts for 17.9 million, 9.3 million, 41.1 million, and 2 million, respectively.

Additionally, as per WHO, the total cases of injury, both intentional and unintentional, take a toll of 4.1 million deaths across the globe.

Considering the numbers the air ambulance requirement across the globe is anticipated to rise significantly which would be crucial for the uptick the growth of the market. Additionally, air ambulance services also provide crucial help in transportation during the natural disasters to evacuate and provide medical help to the patients, which would be a key factor to assist the market growth.

As the number of people suffering from chronic diseases and fatal injuries per year is in the millions, the significance of air ambulance has considerably increased as it is an easy mode of saving time in transportation. Considering the aforementioned factors, the global air ambulance market is anticipated to exhibit notable growth during 2024-2032.

• Based on type, the air ambulance market is bifurcated into fixed-wing and rotary-wing. Of these, rotary wing air ambulances have held a major market share during 2022-23. Some of the factors that have contributed to the growth are easy landing and take-off options in rotary wings, i.e., helicopters. Helicopters have easy access to tight spaces as well as provide hovering over a location for easy evacuation in case of emergency, which is not accessible through fixed-wing aircraft that do not provide hovering capability along with vertically-take-off and landing options. With the improving seating capacity in the helicopters, the ease of accommodating more patients in one ferry has become easier, due to which the customers are looking forward to integrating more helicopters with higher seating capacity. Considering these updates, the market share of the rotary wing segment is further anticipated to rise in the forthcoming years, i.e., 2024-2032.
• Based on the model, the global Air Ambulance market has been segmented into hospital-based, Community-based. Of these, the hospital-based air ambulance service providers have held the major market share due to the increasing number of hospitals purchasing air ambulance service which offer cost-effective services to private hospitals and the government. Considering these shifts, the demand from the hospital-based will further grow in the coming years, i.e., 2024-2032.
• For a better understanding of the adoption of air ambulances, the global air ambulance market is analyzed based on its worldwide presence in regions such as North America, Europe, Asia-Pacific, and the rest of the world. Of these, the North America region held the largest share in 2023. North America has a vast aviation industry, and it is looking forward to comprehensively supporting research & development around aviation-based services and their potential technological solutions. Additionally, the region is home to some of the largest private and public sector healthcare providers and high healthcare expenditure, leading to the demand for air ambulance services. Considering the vast number of companies, the region is further anticipated to dominate the demand for air ambulances in the coming period.
• Some of the major players operating in the market include Air Methods, AMR, PHI Air Medical, Air Ambulance Worldwide, REVA Inc., Lifeguard Ambulance Services LLC., Acadian Ambulance, IAS Medial Ltd., American Air Ambulance and Global Air Response.