According to IMARC Group latest published report, The global air ambulance market size reached US$ 5.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 11% during 2023-2028.
What is a air ambulance ?
Air ambulance services are a type of air rescue, medical aid and transportation service provided to patients in an emergency. An air ambulance utilizes a helicopter or an aircraft fitted with medical supplies and equipment to ensure the provision of optimum treatment and convenience when traveling. Some of the common medical supplies in an air ambulance include breathing apparatus, control systems, and defibrillators. The system also involves trained emergency personnel who immediately treats the patient before the ambulance arrives at the nearest hospital. Air ambulances help reduce traffic congestion and are particularly useful in areas impacted by natural disasters, conflicts, and epidemics.
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What are the major market drivers in the air ambulance market?
The global air ambulance market is being driven by rapid growth in the healthcare sector. As compared to conventional emergency services, air ambulances enable quicker travel and effectively cater to critical medical emergencies, such as car crashes or burns, which is contributing to the market growth. Furthermore, cardiac ailments, including heart attacks and other serious health concerns such as brain stroke, demand urgent medical attention, which has created a global requirement for air ambulance services.
Moreover, numerous technological advancements, such as the development of online booking platforms, are contributing to the market growth. Other than this, revised emergency healthcare budgets and a growing number of hospitals capable of providing air ambulance services are creating a positive outlook for the market.
The competitive landscape of the market has been examined with some of the key players being PHI Air Medical, Inc., Air Ambulance Specialists Inc., Babcock Scandinavian AirAmbulance, Express Air Medical Transport, Lifeguard Air Ambulance, Inc., Native American Air Ambulance, Inc., Metro Aviation Inc., Royal Flying Doctor Service, REVA Inc., Yorkshire Air Ambulance Ltd., Experimental Aircraft Association (EAA), Capital Air Ambulance and AirMed International, LLC.
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Key Market Segmentation:
Breakup by Vehicle Type:
• Rotary Wing
• Fixed Wing
On the basis of the vehicle type, the market has been segmented into aircraft, airplanes, helicopters, seaplanes and others.
Breakup by Service Type:
• Hospital Services
• Community Services
On the basis of the service, the market has been segmented into hospital services, community services and others.
Breakup by Application:
• Medical Care
Based on the application, the market has been classified into medical care, transportation and others.
Breakup by Region:
• Asia Pacific
• North America
• Middle East and Africa
• Latin America
On a regional basis, the market has been spread across North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
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