Air Ambulance Services Market to Surpass US$ 11,977.6 Mn by 2030 - Coherent Market Insights

Global Air Ambulance Services Market, by Service Type (Hospital-based Services and Community-based Services), by Aircraft (Helicopter, Drone Ambulance Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft), and Seaplanes), by Application (Inter- Facility, Rescue helicopter services, Organ transplant logistics, Overweight patient transport, Infectious disease services, Neonatal transport, Pediatric transport, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 5,849.3 Million in 2022 and is expected to exhibit a CAGR of 9.4% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.

The increasing incidence of life threatening diseases that require emergency medical response is expected to drive the market growth over the forecast period. For instance, according to the International Diabetes Federation report published in November 2019, around 463 million adults between the age group of 20 to 79 years were diagnosed with diabetes and it is expected that the total diabetes population will reach around 700 million by 2045 globally.

Global Air Ambulance Services Market– Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic had a positive effect on market for air ambulances. This is attributable to an upsurge in demand for air ambulances throughout the pandemic. Prior to the pandemic, ICATT transferred 15 to 20 critically sick patients per month, this number rose to over 300 patients per month after the outbreak. Moreover, numerous market competitors made a number of strategic changes to respond to the growing demand.

Global Air Ambulance Services Market: Key Developments

In June 2021, Nepal Mediciti Hospital signed an agreement with Yeti Airlines, which is an airline based in Kathmandu, Nepal and Tara Air, which is an airline headquartered in Kathmandu, Nepal, provided air ambulance services to patients. The pact was signed by the General Manager of Mediciti Bijay Rimal and Director of Administration of Yeti Airlines Anjan Badgami on behalf of their respective organizations.

On February 22, 2022, Spright, the drone division of Air Methods, which is an U.S. privately owned helicopter operator, announced that it partnered with Interpath Laboratory, which is a full-service medical laboratory providing both clinical and anatomic pathology services, launched a  drone delivery network that can transfer lab specimens.

Browse 27 Market Data Tables and 31 Figures spread through 156 Pages and in-depth TOC on “Global Air Ambulance Services Market”-  Forecast to 2030, Global Air Ambulance Services Market, by Service Type (Hospital-based Services and Community-based Services), by Aircraft (Helicopter, Drone Ambulance Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft), and Seaplanes), by Application (Inter- Facility, Rescue helicopter services, Organ transplant logistics, Overweight patient transport, Infectious disease services, Neonatal transport, Pediatric transport, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).

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Moreover, key players operating in the global air ambulance services market are focusing on geographical expansion, in order to expand their business globally. For instance, in February 2018, Babcock Scandinavian Air Ambulance (BSAA) launched the very first state-of-the-art AW169 helicopter in active Emergency Medical Service (EMS) duty in Nordic countries.

Key Takeaways of the Global Air Ambulance Services Market:

• Global air ambulance services market is expected to exhibit a CAGR of 9.4% during the forecast period due to increase in geriatric population, which typically has a lower immunity level and is prone to neurological diseases, cardiac problems, cancer, and spinal injuries, which is expected to drive growth of market over the forecast period. For instance, as per the World Health Organization (WHO), globally, the number of people aged 65 or older is anticipated to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050.
• Among applications, rescue helicopter services segment is estimated to hold a dominant position in the global air ambulance services market over the forecast period, owing to the increase in the chronic diseases. For instance, according to data published in September 2020, on Centers for Disease Control and Prevention (CDC), stated that in 2019, about 6.2 million adults in the U.S. had heart failure.
• On the basis of region, North America segment is expected to hold a dominant position over the forecast period, owing to increasing air ambulance services in the region. For instance, in 2018, according to the Atlas & Database of Air Medical Services (ADAMS), there were 1,114 air ambulance bases in the U.S.
• Major players operating in the global air ambulance services market include Air Methods Corporation, Deccan Charters, Scandinavian Air Ambulance, Air Ambulance Specialists, Air Charter Service, Envision Healthcare Companies, Falck Danmark A/S, AMR Air Ambulance, AirMed International, Express Aviation Services, ALPHASTAR.