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Press Release: North America Air Ambulance Services Market to Surpass US$ 3,727.8 Million by 2027
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Technological advancements in healthcare, coupled with increasing patient inclination towards faster and efficient mode of transportation are expected to drive growth of the air ambulance services market during the forecast period. Air ambulance services refer to transport or evacuation facilities provided to patients in emergency situations at accident site, home, or hospital. Air ambulances are equipped with advanced medical facilities, including devices used in emergencies, to provide immediate medical care to the patient until the patient reaches the nearest hospital or healthcare center.
The North America air ambulance services market is estimated to be valued at US$ 2,248.3 million in 2020 and is expected to exhibit a CAGR of 7.5% during the forecast period (2020-2027).
Figure 1: North America Air Ambulance Services Market Share (%) Analysis, By Service, 2020
Increasing incidence of life threatening diseases is driving the growth of North America air ambulance services market.
Air ambulance service is an advanced medical service, which uses air transportation such as airplane and helicopters. It is the most effective and vital mode of transportation in case of a medical emergency at the hospital, accident site, and home.
The North America air ambulance market is expected to witness significant growth during the forecast period, owing to the increasing incidence of life threatening diseases that require emergency medical response.
For instance, according to the American Heart Association, in January 2019, stroke was a leading cause of death in the U.S. with around 2.7 million people in the country living with atrial fibrillation and around 800,000 people suffering a stroke, annually, due to blockage in the blood vessel, which supplies blood to the brain.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2020: | US$ 2,248.3 Mn |
| Historical Data for: | 2017 to 2019 | Forecast Period: | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR: | 7.5% | 2027 Value Projection: | US$ 3,727.8 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Alacura Medical Transportation Management LLC, Air Methods, Acadian Air Med, an Acadian company, Aeromedevac, AirMed International, LLC, AirCARE1, Jet Rescue International, MedWay Air Ambulance, IAS Medical, US Air Ambulance, Air Medical Group Holdings (AMGH), Express Air Medical Transport, Air Ambulance Worldwide, AeroCare Medical Transport System, Inc., REVA, Inc., UNC Health Care, Aitheras Aviation Group, LLC, KIDZ Medical Service, Suncoast Air & Ground Medical Transport, Classic Air Medical, Sunrise Air Ambulance, Inc., Aero Jet Medical, Fox Flight Inc., WellCare Air Ambulance Services, Advanced Air Ambulance, Corp., American Air Ambulance, Lifeguard Ambulance Service LLC, Aviation West Charters, LLC and PHI Air Medical |
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| Growth Drivers: |
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| Restraints & Challenges: |
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North America air ambulance services market- Restraints
High cost of air ambulance service is expected to hamper growth of the market during the forecast period.
As stated by NAIC (The National Association of Insurance Commissioners), the average air ambulance cost for a 52 miles trip is between US$ 12,000 to US$ 25,000 per flight, which can reach as high as US$ 6 million depending on the medical equipment and maintenance.
Figure 2: North America air ambulance services market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027
North America air ambulance services market- Competitive Landscape
Key players operating in the North America air ambulance services market are Alacura Medical Transportation Management LLC, Air Methods, Acadian Air Med, an Acadian company, Aeromedevac, AirMed International, LLC, AirCARE, Jet Rescue International, MedWay Air Ambulance, IAS Medical, US Air Ambulance, Air Medical Group Holdings (AMGH), Express Air Medical Transport, Air Ambulance Worldwide, AeroCare Medical Transport System, Inc., REVA, Inc., UNC Health Care, Aitheras Aviation Group, LLC, KIDZ Medical Service, Suncoast Air & Ground Medical Transport, Classic Air Medical, Sunrise Air Ambulance, Inc., Aero Jet Medical, Fox Flight Inc., WellCare Air Ambulance Services, Advanced Air Ambulance, Corp., American Air Ambulance, Lifeguard Ambulance Service LLC, Aviation West Charters, LLC and PHI Air Medical.
Air ambulance service is an advanced medical service which uses air transportation such as airplanes and helicopters. It is the most effective and vital mode of transportation in case of a medical emergency at the hospital, accident site, or at home. It helps to shift critical patients to hospitals and takes less time to travel. It includes trained medical staff equipped with medical treatment facilities used in emergencies and provide immediate medical care. It is effective in serving people in war-torn areas and those affected by natural disasters.
Moreover, air ambulances have trained medical professionals onboard to treat patients in emergency situations en route to the hospital. Air ambulance efficiently addresses the issue of long travel time and difficulty in reaching to remote areas faced in road ambulance service. Thus, air ambulance services have become an essential component of the modern healthcare system.
Market Dynamics
The North America air ambulance services market is expected to witness significant growth during the forecast period owing to the increasing incidence of life threatening diseases which require emergency medical response. For instance, as per Heart Disease and Stroke Statistics of 2018, more than 356,000 out-of-hospital cardiac arrest (OHCA) cases occur in the U.S. every year and 90% cases among them are fatal. The study also stated that in 2017, the survival rate of hospitalized patients after treatment by emergency medical services (EMS) for non-traumatic cardiac OHCA was 29%. The survival rates of out-of-hospital cardiac arrests (OHCA) cases in public places in 2017 was 39.5% and in homes/residences and nursing homes were 27.5% and 18.2%.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
*Browse 12 market data tables and 16 figures on "North America Air Ambulance Services Market” - Forecast to 2027”
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