Air Ambulance Services Global Market Report 2024

The air ambulance services market has grown strongly in recent years. It will grow from $17.09 billion in 2023 to $18.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed in the historical period can be attributed to various factors, including geographic challenges and inaccessibility, an increased incidence of critical illnesses, higher rates of trauma and accidents, the growth of medical tourism, expansion of healthcare infrastructure, and an aging population. These factors collectively contributed to the demand for air ambulance services to address urgent medical needs and challenges associated with patient transportation.

The air ambulance services market is expected to see strong growth in the next few years. It will grow to $22.39 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to several factors, including responses to global health crises and pandemics, regulatory support for air ambulance operations, the implementation of population health management strategies, a heightened focus on critical care capabilities, and increased emphasis on climate change and natural disaster preparedness. Noteworthy trends expected in the forecast period encompass the adoption of remote patient monitoring, the integration of unmanned aerial vehicles (UAVs), partnerships with healthcare systems, innovation in payment and insurance models for air ambulance services, and the provision of in-flight medical consultations.

The growing prevalence of chronic diseases is expected to drive the growth of the air ambulance services market. Chronic diseases, characterized by their prolonged duration and slow progression, often require timely and specialized medical care. Air ambulance services play a crucial role in rapidly transporting critical patients with chronic conditions to medical facilities for immediate and specialized treatment. For example, as reported by the World Health Organization (WHO), in 2021, approximately 10.6 million people worldwide were infected with tuberculosis, resulting in 1.6 million deaths. Additionally, 1.5 million people acquired HIV in the same year, with 650,000 deaths attributed to it. The demand for air ambulance services is likely to increase as the prevalence of chronic diseases continues to grow globally.

The rise in the number of disasters is another factor expected to contribute to the growth of the air ambulance services market. Disasters, whether natural or man-made, can lead to widespread disruption, damage, and casualties. Air ambulances are instrumental in providing swift and flexible medical assistance during the immediate aftermath of such events, enhancing overall emergency response and medical care efficiency. For instance, in 2022, the Emergency Event Database (EM-DAT) recorded 387 natural disasters and hazards globally, resulting in 30,704 fatalities and affecting 185 million people. The economic damages incurred were estimated at $2,233.8 billion. The need for air ambulance services becomes critical in disaster-stricken areas where ground transportation may be challenging, emphasizing the importance of rapid and efficient aerial medical transport.

Strategic partnerships have emerged as a significant trend gaining traction in the air ambulance services market. Major players in the industry are actively engaging in collaborations to enhance their services and fortify their market positions. As an illustration, in March 2022, Airbus, a leading aerospace company based in France, joined forces with Airlift Global, a UK-based aerospace company. This partnership is geared towards the development of a chopper ambulance service, representing a pilot project that integrates air ambulance and medical emergency services in India. The overarching goal is to enhance healthcare accessibility and connectivity in both urban and rural environments. Additionally, in March 2023, Airbus continued its collaborative efforts by partnering with the Air Ambulance Foundation, a UK-based provider of fully-equipped advanced life support helicopter ambulance services. The shared objective of this collaboration is to pioneer the next generation of missions for medical services in Norway.

Leading companies in the air ambulance services sector are making strategic investment decisions to expand their fleets, as evidenced by CareFlite's recent move to enhance its air ambulance capabilities with the addition of Bell 407GXi helicopters. This strategic expansion reinforces CareFlite's existing Helicopter Air Ambulance (HAA) fleet, which already features two Bell 429 helicopters and five Bell 407GX helicopters. Notably, in June 2022, Bell Textron Inc., a prominent US-based aerospace manufacturing company, announced the acquisition of an IFR configuration kit-equipped Bell 407GXi aircraft. CareFlite, a key player in the air ambulance services market, utilizes a fleet comprising five Bell 407 helicopters for critical patient care, alongside two Bell 429 helicopters in its helicopter air ambulances (HAA) fleet. These aircraft play a crucial role in long-distance patient transfers and emergency transports within the region. The incorporation of Bell 407GXi helicopters with enhanced IFR capabilities is set to facilitate all-weather operations, ensuring safe, reliable, and efficient multi-mission capabilities. Bell's global presence is highlighted by the operation of over 1,600 Bell 407 aircraft worldwide, serving diverse needs such as military and commercial operations, as well as flight training. The advanced Garmin G1000HTM NXi Flight Deck in the 407GXi provides easily readable information, contributing to improved situational awareness and reduced pilot workload.

In January 2022, Acadian Ambulance, a prominent US-based private ambulance services company, successfully acquired the operations of MedicOne Medical Response for an undisclosed amount. This strategic acquisition plays a pivotal role in Acadian's expansion strategy, allowing it to broaden its geographical footprint, enhance customer service offerings, and bolster operational capabilities. MedicOne Medical Response, a US-based frontline healthcare transportation provider, includes air ambulance services in its portfolio.

Major companies operating in the air ambulance services market report are Petroleum Helicopters International Inc., Babcock International Group plc, REVA Inc. - Air Medical Group Holdings, Acadian Ambulance Service Inc., Air Methods Corporation, Express Aviation Holdings Inc., American Medical Response, Lifeguard Ambulance Service LLC, IAS Medical Ltd., American Air Ambulance, Gulf Helicopters Company, European Air Ambulance, Air Charter Services Pvt. Ltd., California Shock Trauma Air Rescue, AirMed International LLC, Guardian Air (Pty) Ltd., AirLink Ambulance USMX, Life Flight Network, Medicopter Air Ambulance, Shoal Creek EMS, Air Evac Lifeteam, Global Medical Response, Air Care, Sky Medical Transport, REACH Air Medical Services, ARCH Air Medical Service, CareFlight, Eagle Air Medical, LifeNet Health, Metro Aviation Inc.

North America was the largest region in the air ambulance services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global air ambulance services market during the forecast period. The regions covered in the air ambulance services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the air ambulance services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of air ambulance services are rotary-wing and fixed-wing. Rotary-wing refers to a type of air ambulance that utilizes rotors to generate lift, enabling vertical takeoff and landing. This type of service is suitable for short-to-medium-range patient transport in emergency situations. Air ambulance services can be provided domestically or internationally by operators, including hospital-based, independent, and government entities. These services find applications in various scenarios such as inter-facility transfers, rescue helicopter services, organ transplant logistics, transportation of overweight patients, infectious disease services, neonatal transport, general patient transport, and more.

The air ambulance services market research report provides air ambulance services market statistics, including air ambulance services industry global market size, regional shares, competitors with an air ambulance services market share, detailed air ambulance services market segments, market trends and opportunities, and any further data you may need to thrive in the air ambulance services industry. This air ambulance services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The air ambulance services market includes revenues earned by entities by providing dedicated air ambulance services, and medical air escort services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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