North America Air Ambulance Service Market to Surpass US$ 4.78 Bn by 2030
North America Air Ambulance Service Market, By Service [Hospital-based Service and Community-based Service], By Aircraft Type [Helicopter and Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft)], By Application [Inter- Facility, Rescue Helicopter, Organ Transplant Logistics, Overweight Patient Transport, Infectious Disease, Neonatal Transport and Others (Pediatric Transport, etc.)], and By Country (U.S. and Canada) is estimated to be valued at US$ 2.8 Bn in 2023 and is expected to exhibit a CAGR of 7.9% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Rising prevalence of various types of respiratory disease such as asthma, COPD (Chronic obstructive pulmonary disease), others is significantly expected to boost demand for air ambulance services, and this is expected to propel the market growth over the forecast period. For instance, on September 4, 2023, according to the report published by Asthma and Allergy Foundation of America, more than 27 million people in the U.S. had asthma in 2022 while more than 22 million U.S. adults aged 18 and older had asthma in 2022. Furthermore, according to the same source, in 2021, 38.7% of children ages 18 and younger who had asthma reported having one or more asthma attacks.
North America Air Ambulance Service Market – Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
The COVID-19 pandemic has negatively affected several markets across North America, and is also expected to hamper North America air ambulance service market. The COVID-19 pandemic has affected demand and supply of the North America air ambulance service market in three main ways: by directly affecting production and demand; by creating disruptions in distribution channels; and through financial impact on firms and financial markets. The supply chain and manufacturing activities of North America air ambulance service market in the U.S. and Canada were disrupted due to nationwide lockdowns.
Furthermore, in September 2020, according to the report published by National Center for Biotechnology information, the COVID-19 pandemic had a dramatic effect on air ambulance services, with many reporting lower demand amidst an obviously higher risk of infection and with travel restriction and quarantine requirements in place all over the world, while due to COVID-19 pandemic, air ambulance services had to update the equipment to follow new safety guidelines, which further hampered the growth of the market.
North America Air Ambulance Service Market: Key Developments
On August 2, 2023, Chorus Aviation Inc., a global aviation solutions provider, announced that its subsidiary, Voyageur Aviation Corp. ('Voyageur'), had expanded its air ambulance services in New Brunswick, Canada. This expansion will further help the company in expanding their geographic presence in the market.
On March 7, 2023, STARS, a Canad-based non-profit critical care provider, announced that it had taken delivery of the tenth Airbus H145 helicopter, marking the completion of their initial fleet renewal plans, introducing the H145 to the STARS fleet had greatly enhanced the company’s ability to deliver life-saving care to patients.
In May 2021, the government of U.S. reported that the New York bill would allow air ambulances to carry blood. Furthermore, the bill would update "outdated" current laws regulating the storage and distribution of blood, and thus, allowing air ambulance providers to store blood at their bases, carry blood on flights and distribute unused blood products to local hospitals.
Browse 46 Market Data Tables and 34 Figures spread through 321 Pages and in-depth TOC on “North America Air Ambulance Service Market”- Forecast to 2030, North America Air Ambulance Service Market, By Service [Hospital-based Service and Community-based Service], By Aircraft Type [Helicopter and Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft)], By Application [Inter- Facility, Rescue Helicopter, Organ Transplant Logistics, Overweight Patient Transport, Infectious Disease, Neonatal Transport and Others (Pediatric Transport, etc.)], and By Country (U.S. and Canada).
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Key Takeaways of the North America Air Ambulance Service Market:
- North America air ambulance service market is expected to exhibit a CAGR of 7.9% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the North America air ambulance service market.
- Among service, hospital-based service segment is expected to hold a dominant position in the North America air ambulance service market during the forecast period due toincreasing government initiative. For instance, on June 1, 2023, the government of U.S. introduced legislation to improve access to emergency air medical services that are critical for saving lives, particularly for Americans living in rural communities. The protecting air ambulance services for Americans act would use data collected under the no surprises act to update medicare reimbursement rates for emergency air services.
- Among country, U.S. is expected to be the dominant country in the North America air ambulance service market, owing to increasing adoption of growth strategies such as service launch and others by market players. For instance, in January 2022, Life Flight Network, a U.S.-based non-profit air ambulance provider, announced that it had established a new helicopter critical care transport base in Coeur d’Alene, Idaho, U.S. The new base had scheduled to open in spring 2022, and had been hosted by their own teams of pilots, mechanics, nurses, and paramedics.
- Major players operating in the North America air ambulance service market are 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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