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Global air ambulance services market, By Service Type; By Aircraft Type; By Region Trend Analysis, Competitive Market Share & Forecast, 2020-2027

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  • 161 Pages
  • May 2021
  • Region: Global
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 5350163

Global Air Ambulance Services Market Thriving: Projected to touch USD 8.8 Billion by 2027

A study recently conducted revealed that the global air ambulance services market was worth USD 5.0 Billion in the year 2020. It is estimated to grow at the CAGR of 7.9 %, earning revenue of around USD 8.8 Billion by the end of 2027. Air Ambulance services are a form of air rescue and transportation provided to patients in the event of a serious emergency. The air ambulance, which could be a helicopter or an airplane, is equipped with all of the necessary emergency medical and first-aid equipment, as well as the tools to ensure adequate convenience and optimal healthcare. The evolving healthcare sector, technological advancements, and the expanding global economy are driving the market growth of air ambulance services. Furthermore, rising rates of life-threatening diseases such as cancer, diabetes, neurological disorders, coronary heart disease, and HIV are propelling market growth. Furthermore, governments have increased their focus on improving emergency care standards, which is driving the market growth.

Growth Drivers

Rising cases of life-threatening diseases and number of accidents

The number of cases of life-threatening diseases is on the rise, necessitating urgent medical assistance. Furthermore, an increase in the number of accidents around the world is affecting business development. Air ambulance facilitates faster emergency service than traditional on-road ambulance services. In case of critical ailments such as road accidents or burn incidents, this provides a timely and well-organized passage. Air ambulance services are extremely beneficial in ensuring that patients are transported to a nearby medical facility as soon as possible.

Technological Advancements

The communication systems in an air ambulance enable doctors to send real-time data about their patients' conditions to doctors at the hospital, enabling them to prepare for the emergency ahead of time. Also, advanced life care services are now readily available in air ambulance services. Previously, air ambulances were used only on battlefields. However, as the number of serious medical situations increased and ambulance technology progressed, ambulances began to be used for emergency patient transportation to and from hospitals.


High-priced and operational constraint

The growth of the air ambulance services sector is being hampered by an increase in the number of air ambulance accidents, as well as the high costs associated with the service and operational constraints. Additionally, the entrance of new entrants into the market is hampered by high initial capital investments. The cost of maintaining an air ambulance is very high since it needs routine maintenance. Also, restricted space in the aircraft is another limitation impeding the growth of the air ambulance services market.

Impact of COVID-19 in the industry

Various sectors across the globe were heavily impacted as a result of the COVID-19 outbreak. During the pandemic, when the whole world was under lockdown, there was a surge in demand for air ambulance medical services from hospitals, independent end-users, as well as health insurance providers. Furthermore, the demand for air ambulance services for medical emergencies is projected to rise sharply as a result of increased investments in the healthcare sector as a result of COVID-19. In addition, air ambulance companies are enforcing strict safety regulations to protect patients, their relatives, and attendants

The rotary wings aircraft occupies the largest share of the global air ambulance services market

Based on aircraft type, the global air ambulance services market is divided into Helicopter, Drone Ambulance Aircraft/Airplane, and seaplanes. The airplane segment is further divided into Rotary Winged Aircraft and Fixed Winged Aircraft. The rotary wings aircraft is projected to be the largest and fastest-growing segment during the coming years. The surge in demand for helicopter air ambulance, especially during the COVID-19 emergency, contributed to the market's growth. Furthermore, the consistent development of helicopters by manufacturers dedicated to providing healthcare services is expected to support growth.

North America is expected to witness significant growth in the market during the forecast period

Based on region, the air ambulance services market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to dominate the global air ambulance services market during the forecast period. Favorable reimbursement policies and increased use of medical facilities are driving market growth.

The Asia Pacific region is another major contributor to the market revenue. The market in the Asia Pacific is expected to grow during the forecast period as a result of widespread acceptance of healthcare infrastructure aimed at creating a more benevolent and less taxing healthcare system experience. Furthermore, the increasing number of multispecialty hospitals is a key factor influencing market growth in the emerging countries.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global air ambulance services market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global air ambulance services market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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Frequently Asked Questions about the Global air ambulance services Market

What is the estimated value of the Global air ambulance services Market?

The Global air ambulance services Market was estimated to be valued at $5.6 Billion in 2021.

What is the growth rate of the Global air ambulance services Market?

The growth rate of the Global air ambulance services Market is 7.9%, with an estimated value of $8.8 Billion by 2027.

What is the forecasted size of the Global air ambulance services Market?

The Global air ambulance services Market is estimated to be worth $8.8 Billion by 2027.

Who are the key companies in the Global air ambulance services Market?

Key companies in the Global air ambulance services Market include PHI Air Medical, Air Ambulance Specialists, Babcock Scandinavian AirAmbulance, Express Air Medical Transport, Lifeguard Air Ambulance, Native American Air Ambulance, Metro Aviation Inc., The Royal Flying Doctor Service, REVA Air Ambulance and Yorkshire Air Ambulance.

Table of Contents

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Air Ambulance Services Market Insights
4.1. DROC Analysis
4.2. Recent Development
4.3. Porter’s Five Forces Analysis
4.4 Value Chain Analysis
4.5 Strategic Outlook
4.6 Regulatory Framework
4.7 Key Strategic Developments
5. Global Air Ambulance Services Market Overview
5.1. Market Size & Forecast by Value, 2020-2027
5.2. Market Share & Forecast
6. North America Air Ambulance Services Market
6.1. Market Size & Forecast by Value, 2020-2027
6.2. Market Share & Forecast
7. EuropeAir Ambulance Services Market
7.1. Market Size & Forecast by Value, 2020-2027
7.2. Market Share & Forecast
8. Asia Pacific Air Ambulance Services Market
8.1. Market Size & Forecast by Value, 2020-2027
8.2. Market Share & Forecast
9. Latin America Air Ambulance Services Market
9.1. Market Size & Forecast by Value, 2020-2027
9.2. Market Share & Forecast
10. Middle East & Africa Air Ambulance Services Market
10.1.Market Size & Forecast by Value, 2020-2027
10.2. Market Share & Forecast
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. COVID-19 Impact
12.1. Future Impact
12.2. Key Developments during COVID-19
12.3. Impact on Market
12.4. Regional Impact
13. Key Strategic Recommendations
14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
14.1. PHI Air Medical
14.2. Air Ambulance Specialists
14.3. Babcock Scandinavian Air Ambulance
14.4.Express Air Medical Transport
14.5 Lifeguard Air Ambulance
14.6. Native American Air Ambulance
14.7. Metro Aviation Inc.
14.8. The Royal Flying Doctor Service
14.9. REVA Air Ambulance
14.10. Yorkshire Air Ambulance
14.11. EAA
14.12. Capital Air Ambulnace
14.13. AirMed international
14.14. Other Prominent Players

Companies Mentioned

A selection of companies mentioned in this report includes:

  • PHI Air Medical
  • Air Ambulance Specialists
  • Babcock Scandinavian AirAmbulance
  • Express Air Medical Transport
  • Lifeguard Air Ambulance
  • Native American Air Ambulance
  • Metro Aviation Inc.
  • The Royal Flying Doctor Service
  • REVA Air Ambulance
  • Yorkshire Air Ambulance
  • EAA
  • Capital Air Ambulnace
  • AirMed International