Europe Air Ambulance Services Market, by Type (Rotary Wing and Fixed Wing), by Service Model (Hospital Based, Government Run, and Independent), by End User (Domestic and International), is estimated to be valued at US$ 4,619.0 million in 2021 and is expected to exhibit a CAGR of 10.1% during the forecast period (2021-2028).
Increasing inorganic activities by the market players, such as partnerships, is expected to increase the growth of the market over the forecast period. For instance, in March 2020, air ambulance services provider in Europe, Lotnicze Pogotowie Ratunkowe (LPR), entered into a partnership with Fargo Jet Center, subsidiary of Premier Jet Center, developed highly-customized medical interiors for LPR’s recent order of two Bombardier Learjet 75 aircraft. Moreover, according to the agreement, Fargo Jet Center (FJC) will be providing support for the operations for five years including flight and medical cabin training, custom medical cabin design and modifications, and maintenance and warranty support after both aircraft are placed into service in 2021.
Market players are indulged in expanding their product portfolio with their new helicopter series, which is expected to increase the growth of the market over the forecast period. For instance, in 2020, Svensk Luftambulans, a Sweden-based air ambulance service provider, ordered three new H145 helicopters which they announced in a deal at the Heli Expo 2020 exhibition. The new aircraft is a five bladed rotor and the helicopter will feature the Wireless Airborne Communication System (wACS) to provide secure, two-way, operational and maintenance data communications in- flight as well as on the ground.
Europe Air Ambulance Services Market- Impact of Coronavirus (COVID – 19) Pandemic
The COVID-19 pandemic is expected to drive the growth of the Europe air ambulance services market over the forecast period. After the spread of coronavirus, major companies operating in Europe air ambulance services market are indulged in the transportation of the COVID-19 patients to the countries where proper equipments are present. Moreover, there has been an increase in the number of COVID-19 patients, which is also expected to contribute to the growth of the market. For instance, according to the European Center for Disease Prevention and Control, the following table shows the number of patients suffering from COVID-19 infections among the different European countries
Market players are indulged in announcing the successful flying the newly acquired jet. For instance, in July 2020, Kommunalförbundet Svenskt Ambulansflyg (KSA), a Sweden-based Air Ambulance Organization, announced the successful flight test for the six PC-24 aircrafts. Thus, these aircrafts have resulted in the expansion of the services provided by the organization during COVID-19.
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Market players are indulged in launching new helicopters for the air ambulance services in Europe. This is expected to increase the growth of the market over the forecast period. For instance, in 2016, Babcock Scandinavian AirAmbulance (BSAA) launched the very first state-of-the-art AW169 helicopter in active Emergency Medical Service (EMS) duty in the Nordics. The helicopter is operated on behalf of Region Jämtland Härjedalen, a county in the middle of Sweden consisting of the provinces of Jämtland and Härjedalen. The helicopter also replaced the AS365N2 “Dauphin” that the company operated in the region since 2006. The Leonardo AW169 is a brand-new medium-sized helicopter that is equipped with two powerful Pratt & Whitney engines as well as the latest in avionics and flight safety features. In addition, it has a large and spacious cabin with large windows and a functional EMS interior, as well as a low floor to allow smooth patient transfer. The model is currently used for EMS and rescue services, oil and gas, wind farm support, offshore pilot transfers, etc.
Key Takeaways of the Europe Air Ambulance Services Market:
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