Global air ambulance services Market is estimated to be valued at USD 6.90 Bn in 2024 and is expected to reach USD 12.95 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2023/2024: |
US$ 6.90 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: |
9.40% |
2030/2031 Value Projection: |
US$ 12.95 Bn |
Global Air Ambulance Services Market Share (%), By Region, 2024
Global air ambulance services market is witnessing robust growth in recent years. As medical emergencies that require urgent patient transport rises, demand for emergency air transportation services increases. Air ambulances offer time-critical care and can reach remote locations in a fraction of the time taken by ground vehicles, thus, making them vital for treating severe injuries, acute medical conditions and other life-threatening situations. Meanwhile, favorable insurance coverage for air medical transport is boosting its adoption rates. With patient population growing worldwide and road networks unable to meet time-sensitive medical needs everywhere, the air ambulance services industry has ample opportunities ahead.
Market Dynamics:
Global air ambulance services market growth is driven by factors such as rising incidence of trauma cases and medical emergencies, increasing average response time of ground ambulances, technological advancements in aircraft and medical equipment, and favorable insurance and reimbursement policies for air medical transport. However, high operation costs associated with helicopter ambulances and pilot shortage in some regions are restraining the market growth. Emergence of subscription-based access to helicopter EMS and deployment of advanced rotary-wing aircraft equipped for long-range missions are expected to open new avenues for the air ambulance services industry over the forecast period.
Key Features of the Study:
- This report provides in-depth analysis of the global air ambulance services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global air ambulance services market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study Air Methods Corporation, Deccan Charters, Scandinavian Air Ambulance, Air Ambulance Specialists, Air Charter Service, Envision Healthcare Companies, Falck Danmark A/S, AMR Air Ambulance, AirMed International, and Express Aviation Services
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global air ambulance services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global air ambulance services market
Detailed Segmentation-
- Service Type:
- Hospital-based Services
- Community-based Services
- Aircraft:
- Rotary Winged Aircraft
- Fixed Winged Aircraft
- Application:
- Inter- Facility
- Rescue helicopter services
- Organ transplant logistics
- Overweight patient transport
- Infectious disease services
- Neonatal transport
- Pediatric transport
- Others
- Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Air Methods Corporation
- Deccan Charters
- Scandinavian Air Ambulance
- Air Ambulance Specialists
- Air Charter Service
- Envision Healthcare Companies
- Falck Danmark A/S
- AMR Air Ambulance
- AirMed International
- Express Aviation Services
- PHI Air Medical
- ICATT
- REVA, Inc
- Aeromed International Rescue Services Pvt. Ltd
- Blueheights Aviation Pvt Ltd.