Air ambulance services refer to medical transport via aircraft for patients who need urgent medical care that cannot be met by ground ambulance services. These services are equipped with medical facilities and personnel to handle emergency medical situations during transit.
The air ambulance services market consists of sales, by entities (organizations, sole traders and partnerships), of air ambulance transportation services by aircraft, that are equipped with medical facilities and staffed by trained medical personnel, to provide emergency medical care during transit.
The global air ambulance services market was valued at $13,671.00 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 5.0%.
Increasing Frequency Of Disasters
The increasing frequency of disasters propelled the growth of the air ambulance services market. Disasters are characterized as abrupt, catastrophic occurrences that result in extensive disruption, damage and suffering for people and property, as well as considerable harm to the environment. Air ambulances are extremely useful in the early aftermath of natural catastrophes, because of their adaptable capabilities, and they also enhance the overall efficacy of medical care and emergency response. For instance, according to Relief Web, a US- based website, providing information about human rights, the Emergency Event Database (EM-DAT) documented 387 natural disasters and hazards globally in 2022, resulting in 30,704 fatalities and impacting 185 million people. An estimated $2,233.8 billion in economic damages were incurred. Therefore, the rising number of disasters drove the air ambulance services market.
Introduction Of Incubators On Rotary Wing Aircraft
Companies operating in the air ambulance services market are continuously introducing new types of ambulatory services to strengthen their market position. For example, in January 2023, The Children's Air Ambulance (TCAA), a UK-based aeromedical charity, introduced the first-ever incubator on a rotary-wing aircraft in England. This pioneering initiative is designed to support specialist NHS transport teams during life-saving flights, particularly for neonatal patients who require intensive care during transfers. The incubator system is a bespoke Neonatal Transport System, designed with input from leading neonatal transfer clinicians, to ensure outstanding care in the air. It includes a patient monitor, ventilator, suction unit, four infusion devices, oxygen and specialist nitric oxide therapy.
The global air ambulance services market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 16.03% of the total market in 2023.
Air Ambulance Services Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global air ambulance services market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for air ambulance services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The air ambulance services market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider air ambulance services market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by service type, by service operator and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the air ambulance services market.
Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by service type, by service operator and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for air ambulance services providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Rotary-Wing; Fixed-Wing
- 2) By Service Operator: Hospital Based; Independent; Government
- 3) By Application: Inter-Facility; Rescue Helicopter Service; Organ Transplant Logistics; Overweight Patient Transport; Infectious Disease Service; Neonatal Transport; Patient Transport; Other Applications
- Companies Mentioned: Air Methods Corporation; American Medical Response, Inc.; Care Flight; PHI Air Medical; AirMed International
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; air ambulance services indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.