PUBLISHER: The Insight Partners | PRODUCT CODE: 1482356
PUBLISHER: The Insight Partners | PRODUCT CODE: 1482356
The helicopter emergency medical services market is projected to reach US$ 12.51 billion by 2031 from US$ 6.29 billion in 2023; the market is expected to register a CAGR of 9.0% during 2023-2031.
Medical partners of helicopter emergency medical service providers include private hospitals and independent medical care institutes. The hospitals primarily establish contracts with the medical helicopter service providers and procure the services for their patients. The commercial aspect of the helicopter medical services is managed by both entities involved in the agreement. For instance, AirMed helicopters are equipped for critical care scenarios. The helicopters are well-equipped for medical evacuation and are not leased for other purposes. In addition, Capital Air Ambulance primarily offers medical service packages customized with air ambulance services that include medical escorts and repatriation or emergency transfer of neonatal patients to hospitals or trauma centers across the UK and globally. In 2023, Appalachian Regional Healthcare's Air Evac Lifeteam helicopter offered emergency transport to patients throughout Southwest Virginia and East Kentucky. Cody Hospital and Wolfson Children's Hospital are among the hospitals that have initiated helicopter medical services for their patients. The continuous evolution in the medical service industry in terms of service offerings is anticipated to propel the growth of the helicopter emergency medical services market.
Based on helicopter type, the helicopter emergency medical services market is segmented into light helicopter, and medium & heavy helicopter. In terms of application, the market is categorized into medical air and transportation. Based on end use, the helicopter emergency medical services market is segmented into commercial and government & emergency response.
The companies operating in the market are focusing on providing enhanced helicopter emergency medical services to cater to the requirements of hospitals and other care centers for helping patients in need of emergency medical support. The majority of the companies have been focusing on improving their medical service offerings to remain competitive in the market. For instance, in 2024, Air Evac Lifeteam, a subsidiary of Global Medical Response inaugurated an emergency air medical transport base in Texas. The base has Bell 407 GXI aircraft to respond to time-critical emergency missions in South Texas. In 2024, Ambulance Victoria has extended its contract with Babcock to continue providing air ambulance operations in Victoria, Australia. AirMed International is a leading air ambulance and air medical transport service provider. The company strategizes its business policy to deliver a convenient medical transport experience globally. Neonatal services, critical care air ambulance services, diabetes mellitus air medical services, bariatric patient services, and geriatric patient services are among the major service offerings that fall under the helicopter emergency medical services scope.
Global Medical Response, Inc.; Air Methods; Tohoku Air Service, Inc., Babcock International Group Plc; Heliservice International GmbH; PHI Air Medical; CareFlight; Helijet International Inc.; STARS; and Ornge are among the key players profiled in the helicopter emergency medical services market report. The companies implement both organic (such as service launches, expansion, and service approvals) and inorganic (such as collaborations and partnerships) strategies to stay competitive in the helicopter emergency medical services market.