Air Ambulance Services in the US - Market Research Report (2014-2029)

In Good Hands: the Passage of the Faa Reauthorization Act Could Potentially Catalyze Several Industry Changes

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Air Ambulance Services industry comprises air medical transports, including helicopters and fixed-winged aircrafts specifically outfitted to transport ill or injured people. The industry has experienced growing demand due to an aging population, hospital and healthcare provider consolidation and deteriorating access to adequate healthcare in rural areas. Although the COVID-19 pandemic boosted demand for inter-facility patient transfers from rural facilities, revenue contracted during the year as Americans stayed indoors, curtailing emergency needs. With need for air ambulance service returning to growth since, industry revenue is forecast to grow at a CAGR of 1.5% to $4.9 billion over the five years to 2023, including growth of 2.6% during the current year.

This industry provides air transportation and critical care services to patients. These services are often provided during a medical emergency, but they are not restricted to emergencies. The vehicles are equipped with lifesaving equipment operated by medically trained personnel.