North America Air Ambulance Services Market Forecast to 2031 - Regional Analysis - by Aircraft Type (Rotary Wing and Fixed Wing), Service Model (Hospital-Based, Government Run, and Independent), End User (Domestic and International)

Description

List of Tables

The North America air ambulance services market was valued at US$ 4,366.12 million in 2023 and is expected to reach US$ 8,418.31 million by 2031; it is estimated to record a CAGR of 8.6% from 2023 to 2031.

Increasing Spending on Healthcare-Related Services Fuels North America Air Ambulance Services Market

The healthcare sector is growing rapidly owing to its growing coverage, improved services, and rising expenditure by public and private players. In addition, with the increasing awareness and focus on well-being and health-related concerns, the majority of the population is increasing their spending on healthcare-related services. Rising household income and increasing awareness about health and wellness have resulted in a growing demand for medical and healthcare services, including better treatment facilities, multi-specialty hospitals, advanced medical equipment and devices, and patient pick-up and drop services using air ambulance services. Patients are now focusing more on premium healthcare facilities in terms of transportation and overall services. Customers in higher income groups emphasized faster pick-up facilities in times of emergency and opted for air ambulance facilities offered by hospitals or independent trauma care centers. For instance, the US has one of the highest costs of healthcare in the world. In 2022, US healthcare spending reached ~US$ 4.5 trillion, which averages to ~US$ 13,493 per person. According to a study published by the American Medical Association, in 2021, the majority of the population was spending on private health insurance policies, which accounted for almost 28.5% of the overall healthcare expenditure. High-range healthcare policies cover all the client's expenses and allow patients to opt for premium services, including ambulance services. The growing demand for air ambulance services among customers positively impacts the market growth.

North America Air Ambulance Services Market Overview

The growing healthcare infrastructure in terms of building new multi-specialty hospitals and care centers, along with a rising focus on healthcare facilities such as emergency medical assistance services, is anticipated to boost the growth of the air ambulance services market in North America.

The mounting prevalence of chronic diseases such as cardiovascular diseases, cancer, and stroke and the growing consumer preference for emergency medical services for improved and immediate medical attention are boosting the demand for air ambulance services in North America. Moreover, the region has the presence of air ambulance service providers such as Air Methods, Global Medical Response, and PHI Air Medical. In 2023, Bell Textron Inc. announced that Life Flight Network had procured two additional Bell 407GXi helicopters and planned to obtain an additional Bell 429. In 2022, Tropic Ocean Airways and REVA partnered to provide comprehensive air medical service for patients in the Caribbean and other remote locations. Hospitals such as Barnes-Jewish Hospital, Brigham and Women's Hospital, Cedars-Sinai Medical Center, and Cleveland Clinic are collaborating with air ambulance service providers to offer enhanced emergency medical care support to their patients, driving the demand for air ambulance services in North America

North America Air Ambulance Services Market Revenue and Forecast to 2031 (US$ Million)

North America Air Ambulance Services Market Segmentation

The North America air ambulance services market is categorized into aircraft type, service model, end user, and country.

Based on aircraft type, the North America air ambulance services market is bifurcated into rotary wing and fixed wing. The rotary wing segment held a larger market share in 2023.

In terms of service model, the North America air ambulance services market is categorized into hospital-based, government run, and independent. The hospital-based segment held the largest market share in 2023.

In terms of end user the North America air ambulance services market is bifurcated into domestic and international. The domestic segment held a larger market share in 2023.

By country, the North America air ambulance services market is segmented into the Us, Canada, and Mexico. The US dominated the North America air ambulance services market share in 2023.

Air Methods, Babcock International Group Plc, Medical Air Service, and PHI Air Medical are among the leading companies operating in the North America air ambulance services market.

Product Code: BMIRE00031126

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Air Ambulance Services Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
- 4.3.1 Overview
  - 4.3.1.1 Air Ambulance Service Providers:
  - 4.3.1.2 Medical Partners:
  - 4.3.1.3 End User:
- 4.3.2 List of Vendors in the Value Chain

5. North America Air Ambulance Services Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Spending on Healthcare-Related Services
- 5.1.2 Rising Prevalence of Chronic Diseases
- 5.1.3 Increasing Procurement of Fixed Wing Aircraft to Provide Air Ambulance Services
5.2 Market Restraints
- 5.2.1 Problems With Payment and Expense of Air Medical Services
5.3 Market Opportunities
- 5.3.1 Air Ambulance Cover in Health Insurance Policies
- 5.3.2 Focus on Providing Air Ambulance Services in Rural Areas
- 5.3.3 Strategic Partnerships, Contracts, and Agreements by Key Market Players
5.4 Future Trends
- 5.4.1 Infrastructure Development of Hospitals to Cater to Air Ambulance Services
- 5.4.2 Rising Adoption of Air Ambulance Services for Transportation of Patients
5.5 Impact of Drivers and Restraints:

6. Air Ambulance Services Market - North America Analysis

6.1 Overview
6.2 Air Ambulance Services Market Revenue (US$ Million), 2021-2031
6.3 Air Ambulance Services Market Forecast Analysis

7. North America Air Ambulance Services Market Analysis - by Aircraft Type

7.1 Rotary Wing
- 7.1.1 Overview
- 7.1.2 Rotary Wing: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Fixed Wing
- 7.2.1 Overview
- 7.2.2 Fixed Wing: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Air Ambulance Services Market Analysis - by Service Model

8.1 Hospital-Based
- 8.1.1 Overview
- 8.1.2 Hospital-Based: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Government Run
- 8.2.1 Overview
- 8.2.2 Government Run: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Independent
- 8.3.1 Overview
- 8.3.2 Independent: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)

9. Air Ambulance Services Market Analysis - by End User

9.1 Domestic
- 9.1.1 Overview
- 9.1.2 Domestic: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)
9.2 International
- 9.2.1 Overview
- 9.2.2 International: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)

10. Air Ambulance Services Market - Country Analysis

10.1 North America Air Ambulance Services Market Overview
- 10.1.1 North America: Air Ambulance Services Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 North America: Air Ambulance Services Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 United States: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 United States: Air Ambulance Services Market Breakdown, by Aircraft Type
    - 10.1.1.2.2 United States: Air Ambulance Services Market Breakdown, by Service Model
    - 10.1.1.2.3 United States: Air Ambulance Services Market Breakdown, by End User
  - 10.1.1.3 Canada: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Canada: Air Ambulance Services Market Breakdown, by Aircraft Type
    - 10.1.1.3.2 Canada: Air Ambulance Services Market Breakdown, by Service Model
    - 10.1.1.3.3 Canada: Air Ambulance Services Market Breakdown, by End User
  - 10.1.1.4 Mexico: Air Ambulance Services Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 Mexico: Air Ambulance Services Market Breakdown, by Aircraft Type
    - 10.1.1.4.2 Mexico: Air Ambulance Services Market Breakdown, by Service Model
    - 10.1.1.4.3 Mexico: Air Ambulance Services Market Breakdown, by End User

11. Competitive Landscape

11.1 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative

13. Company Profiles

13.1 Air Methods
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Babcock International Group Plc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Medical Air Service
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 PHI Air Medical
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments

14. Appendix

14.1 About The Insight Partners