North America Air Ambulance Services Market, by Service (Hospital-based Service and Community-based Service), by Aircraft Type (Helicopter and Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft)), and by Country (U.S. and Canada), 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), as highlighted in a new report published by Coherent Market Insights.
Increasing adoption of inorganic growth strategies such as acquisitions and collaborations by key players operating in the market is expected to drive the North America air ambulance market growth during the forecast period.
For instance, in April 2019, Air Methods entered a partnership with Anthem Blue, a health insurance company, and Blue Shield, a healthcare plan provider company. These two companies provide health coverage benefits in six states in the U.S. Under the terms of the partnership, Anthem affiliated health plan members in California, Georgia, Nevada, Colorado, Virginia, and New York would receive Air Methods’ critical care air services at discounted rates.
For instance, in April 2017, Air Medical Group Holdings, Inc. (AMGH) acquired Air Medical Resource Group (AMRG) of South Jordan, in order to increase critical care aircraft services.
For instance, in April 2019, AirMed International acquired AMR Air in Denver and Lifeguard Flying ICU in Las Vegas, U.S. and as a result of this acquisition, AirMed is focusing on expanding their air ambulance services.
North America Air Ambulance Services Market - Impact of Coronavirus (Covid-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries around the globe with the World Health Organization declaring it as a public health emergency.
With increasing research on COVID-19 symptoms, transmission, and its complications, air ambulance companies are updating their procedures and evolving with the pandemic to serve patients in a better way.
Except for COVID-19 hot spots, the Helicopter Emergency Medical Service (HEMS) sector initially experienced a decline in transports which was due to stay-at-home orders, and lockdown.
Moreover, supply chain and distribution activities in North America have been disrupted due to lockdowns and posed challenges for transportation.
Browse 12 Market Data Tables and 16 Figures spread through 140 Pages and in-depth TOC on North America Air Ambulance Services Market, by Service (Hospital-based Service and Community-based Service), by Aircraft Type (Helicopter and Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft)), and by Country (U.S. and Canada)- Forecast to 2027"
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