Air Ambulance Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

Factors Driving Growth and Regional Market Insights Explored

The global Air Ambulance Services market is witnessing remarkable growth, with a market size valued at US$ 20 billion in 2024 and a projected compound annual growth rate (CAGR) of 14% from 2024 to 2031, according to recent findings by industry experts. Several key factors are shaping the growth potential of the Air Ambulance Services market, while regional dynamics are playing a pivotal role in defining market prospects.

Advancements in Geriatric Healthcare Fueling Air Ambulance Services Demand

The increasing population of individuals aged 60 and above, who are more susceptible to neurological diseases, cardiac problems, cancer, and spinal injuries, is expected to be a significant driver for market growth. This demographic typically has lower immunity levels, making them prone to various health issues. As per the World Health Organization (WHO), the global population of people aged 65 or older is projected to grow from approximately 524 million in 2010 to nearly 1.5 billion by 2050. The rise in geriatric population is anticipated to result in increased demand for both emergency and non-emergency air ambulance services.

Challenges Hindering Market Growth

One of the key challenges facing the Air Ambulance Services market is the high cost associated with maintaining high-quality standards, which includes the use of expensive products and compliance with regulatory guidelines. Budget constraints often limit research and academic laboratories from affording such expensive instruments, thus hindering market growth. Additionally, the lack of healthcare infrastructure and an inadequate number of aircraft in emerging economies are major factors restraining market expansion.

Regional Market Insights

North America: A Dominant Force in the Market

North America currently dominates the Air Ambulance Services market and is expected to witness a considerable growth rate of 10.8% during the forecast period. The region boasts the largest number of air ambulance service providers, easily accessible infrastructure for air medical transportation, and favorable reimbursement policies, all contributing to its market leadership. The highly developed healthcare infrastructure in North America is further expected to drive market growth in the years to come.

Asia Pacific: Emerging as a High-Growth Market

The Asia Pacific region is anticipated to witness the fastest growth in the Air Ambulance Services market during the forecast period. Countries like China, India, and Japan are experiencing rapid growth, with an increasing focus on healthcare infrastructure development. The burgeoning medical tourism industry in these countries is also contributing to the rising demand for air ambulance services.

Europe: Responding to the Pandemic Challenge

In Europe, major air ambulance providers like the European Air Ambulance (EAA) have adapted to the challenges posed by the COVID-19 pandemic. They have introduced innovative solutions, such as the 'Infectious Disease Unit' for safe transport of COVID-19 patients and invested in specialized aircraft for long-range travel. These initiatives have been instrumental in maintaining their market presence.

Country-wise Insights

United States: A Lucrative Market for Air Ambulance Services

The United States stands out as a favorable market for Air Ambulance Services due to its advanced healthcare infrastructure and robust research activity. The presence of leading market players and government support further enhance its market potential. According to the World Health Organization (WHO), the United States has the highest per capita healthcare expenditure globally, underscoring its significance in the healthcare industry.

India and China: Promising Growth Prospects

In India and China, increasing healthcare expenditure and government policies aimed at healthcare infrastructure development are driving the Air Ambulance Services market. The prevalence of cardiac diseases in these countries, which often require emergency medical response, is contributing to the demand for air ambulance services.

Competitive Analysis

Key players in the Air Ambulance Services market are focusing on research and development to introduce innovative services and gain a competitive edge. They are also expanding their production capacities to cater to the growing demand for air ambulance services. Partnerships and collaborations among key players are on the rise, further fueling market expansion.

Recent Notable Developments in the Industry:

In February 2020, Bombardier announced the sale of two Learjet 75 Liberty aircraft for conversion into dedicated medevac aircraft for air ambulance service provider Lotnicze Pogotowie Ratunkowe (LPR) in Poland.
In April 2021, Babcock Norway secured a contract to provide a round-the-clock fast jet air ambulance service to the rescEU scheme, signifying continued growth and innovation in the industry.

The global Air Ambulance Services market is on a trajectory of significant growth, driven by factors such as advancements in geriatric healthcare, regional healthcare infrastructure development, and ongoing innovation within the industry. As the market evolves, major players are actively positioning themselves to meet the increasing demand for air ambulance services.

Key Companies

AMR
PHI Air Medical
Babcock Scandinavian Air Ambulance
Express Air Medical Transport
REVA Inc.
Lifeguard Ambulance Service LLC
Acadian Ambulance
IAS Medical, Ltd.
American Air Ambulance
Air Evac EMS Inc.

Key Segments in Air Ambulance Services Industry Research

By Type

Rotary-wing
Fixed-wing

By Service Model

Hospital-based
Community-based

By Region

North America
Latin America
Europe
APAC
MEA

1. Executive Summary

1.1. Global Air Ambulance Services Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Air Ambulance Services Market Outlook, 2018 - 2023

3.1. Global Air Ambulance Services Market Outlook, by Type, Value (US$ Bn), 2018 - 2023
- 3.1.1. Key Highlights
  - 3.1.1.1. Rotary-wing
  - 3.1.1.2. Fixed-wing
3.2. Global Air Ambulance Services Market Outlook, by Service Model, Value (US$ Bn), 2018 - 2023
- 3.2.1. Key Highlights
  - 3.2.1.1. Hospital-based
  - 3.2.1.2. Community-based
3.3. Global Air Ambulance Services Market Outlook, by Region, Value (US$ Bn), 2018 - 2023
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Air Ambulance Services Market Outlook, 2018 - 2023

4.1. North America Air Ambulance Services Market Outlook, by Type, Value (US$ Bn), 2018 - 2023
- 4.1.1. Key Highlights
  - 4.1.1.1. Rotary-wing
  - 4.1.1.2. Fixed-wing
4.2. North America Air Ambulance Services Market Outlook, by Service Model, Value (US$ Bn), 2018 - 2023
- 4.2.1. Key Highlights
  - 4.2.1.1. Hospital-based
  - 4.2.1.2. Community-based
4.3. North America Air Ambulance Services Market Outlook, by Country, Value (US$ Bn), 2018 - 2023
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 4.3.1.2. U.S. Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 4.3.1.3. Canada Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 4.3.1.4. Canada Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Air Ambulance Services Market Outlook, 2018 - 2023

5.1. Europe Air Ambulance Services Market Outlook, by Type, Value (US$ Bn), 2018 - 2023
- 5.1.1. Key Highlights
  - 5.1.1.1. Rotary-wing
  - 5.1.1.2. Fixed-wing
5.2. Europe Air Ambulance Services Market Outlook, by Service Model, Value (US$ Bn), 2018 - 2023
- 5.2.1. Key Highlights
  - 5.2.1.1. Hospital-based
  - 5.2.1.2. Community-based
5.3. Europe Air Ambulance Services Market Outlook, by Country, Value (US$ Bn), 2018 - 2023
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 5.3.1.2. Germany Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 5.3.1.3. U.K. Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 5.3.1.4. U.K. Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 5.3.1.5. France Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 5.3.1.6. France Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 5.3.1.7. Italy Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 5.3.1.8. Italy Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 5.3.1.9. Turkey Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 5.3.1.10. Turkey Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 5.3.1.11. Russia Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 5.3.1.12. Russia Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 5.3.1.13. Rest of Europe Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 5.3.1.14. Rest of Europe Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Air Ambulance Services Market Outlook, 2018 - 2023

6.1. Asia Pacific Air Ambulance Services Market Outlook, by Type, Value (US$ Bn), 2018 - 2023
- 6.1.1. Key Highlights
  - 6.1.1.1. Rotary-wing
  - 6.1.1.2. Fixed-wing
6.2. Asia Pacific Air Ambulance Services Market Outlook, by Service Model, Value (US$ Bn), 2018 - 2023
- 6.2.1. Key Highlights
  - 6.2.1.1. Hospital-based
  - 6.2.1.2. Community-based
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Air Ambulance Services Market Outlook, by Country, Value (US$ Bn), 2018 - 2023
- 6.3.1. Key Highlights
  - 6.3.1.1. China Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 6.3.1.2. China Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 6.3.1.3. Japan Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 6.3.1.4. Japan Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 6.3.1.5. South Korea Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 6.3.1.6. South Korea Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 6.3.1.7. India Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 6.3.1.8. India Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 6.3.1.9. Southeast Asia Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 6.3.1.10. Southeast Asia Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 6.3.1.11. Rest of Asia Pacific Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 6.3.1.12. Rest of Asia Pacific Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Air Ambulance Services Market Outlook, 2018 - 2023

7.1. Latin America Air Ambulance Services Market Outlook, by Type, Value (US$ Bn), 2018 - 2023
- 7.1.1. Key Highlights
  - 7.1.1.1. Rotary-wing
  - 7.1.1.2. Fixed-wing
7.2. Latin America Air Ambulance Services Market Outlook, by Service Model, Value (US$ Bn), 2018 - 2023
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Air Ambulance Services Market Outlook, by Country, Value (US$ Bn), 2018 - 2023
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 7.3.1.2. Brazil Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 7.3.1.3. Mexico Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 7.3.1.4. Mexico Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 7.3.1.5. Argentina Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 7.3.1.6. Argentina Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 7.3.1.7. Rest of Latin America Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 7.3.1.8. Rest of Latin America Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Air Ambulance Services Market Outlook, 2018 - 2023

8.1. Middle East & Africa Air Ambulance Services Market Outlook, by Type, Value (US$ Bn), 2018 - 2023
- 8.1.1. Key Highlights
  - 8.1.1.1. Rotary-wing
  - 8.1.1.2. Fixed-wing
8.2. Middle East & Africa Air Ambulance Services Market Outlook, by Service Model, Value (US$ Bn), 2018 - 2023
- 8.2.1. Key Highlights
  - 8.2.1.1. Hospital-based
  - 8.2.1.2. Community-based
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Air Ambulance Services Market Outlook, by Country, Value (US$ Bn), 2018 - 2023
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 8.3.1.2. GCC Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 8.3.1.3. South Africa Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 8.3.1.4. South Africa Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 8.3.1.5. Egypt Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 8.3.1.6. Egypt Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 8.3.1.7. Nigeria Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 8.3.1.8. Nigeria Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
  - 8.3.1.9. Rest of Middle East & Africa Air Ambulance Services Market by Type, Value (US$ Bn), 2018 - 2023
  - 8.3.1.10. Rest of Middle East & Africa Air Ambulance Services Market by Service Model, Value (US$ Bn), 2018 - 2023
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. By Product vs by Service Model Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. AMR
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Therapy Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. PHI Air Medical
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Therapy Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Babcock Scandinavian Air Ambulance
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Therapy Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Express Air Medical Transport
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Therapy Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. REVA Inc.
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Therapy Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Lifeguard Ambulance Service LLC
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Therapy Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Acadian Ambulance
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Therapy Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. IAS Medical, Ltd.
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Therapy Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. American Air Ambulance
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Therapy Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Air Evac EMS Inc.
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Therapy Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations