Air ambulance services are greatly used in medical emergencies. These are advanced and sophisticated medical services used hugely for accident victims and on-time medical treatment for patients suffering from chronic diseases. These ambulances are made with medical equipment and accessories like electrocardiogram, oxygen cylinders, stretchers along with capable medical experts and vital signs monitoring devices to give early medical care to sufferer. Air ambulance services also of great help to reach the remote areas within short period of time to treat patients who need early treatment. A major driving factor for the growth of air ambulance services market is increase in the cases of chronic illnesses, which need emergency medical treatment.
The global Air Ambulance Services Market was valued at USD 5.1Billion in 2020 and is anticipated to grow at USD 10.59 Billion till 2027 recording a CAGR of 11% during the forecast period 2021-2027.
Growing awareness aid people about air ambulance services, technical developments in the air ambulance services and growing demand for medical tourism are the a few other factors expected to foster the air ambulance services market over the forecast period. Furthermore, government support to provide best treatment in emergency cases like wars and approving repayment policies impel the air ambulance services market growth. On the other hand, dearth of proper communications, high price of services, high early capital investments and chances of air ambulance accident are the projected to hinder the air ambulance services market over the forecast duration. Furthermore, collaborations and acquisitions between industry players anticipated to increase the revenue growth rate of the market.
On the basis of geographical analysis, the Air Ambulance Services Market is categorized into different major regions such as North America, Latin America, Europe, Africa, Asia Pacific and Middle East. North America market is witnessing significant growth due to the increasing healthcare expenditure and increasing count of air ambulance services providers in the region. Market in Europe is impelled by high awareness amid key stakeholders related to air ambulance services. Introduction of novel air ambulance services by local industry players is a major driving factor to grow market in Asia Pacific region. Economic growth in the region is the factor anticipated to create crucial growth opportunities in Latin America Market.
Some of the major key players of the global air ambulance services market are Express Aviation Services (U.S.), REVA Air Ambulance (U.S.), AMR Air Ambulance (U.S.), Falck Danmark A/S (Denmark), Lifeguard Air Ambulance (U.S.), and Envision Healthcare Companies (U.S.).
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