IMARC Group, a leading market research company, has recently releases report titled “Air Ambulance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global air ambulance market size share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the air ambulance market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 5.4 Billion |
| Market Forecast in 2028 | US$ 9.8 Billion |
| Growth rate (2023 to 2028) | CAGR of 11% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
Air ambulance, or medical air transportation services, represent the air evacuation system or transport facility offered to patients in emergencies. It can be a helicopter or an airplane equipped with therapeutic supplies and relevant devices to ensure optimum healthcare and convenience during transportation. The system also comprises skilled medical professionals who provide instant treatment to the patient till the ambulance reaches the hospital. The equipment present in an air ambulance generally includes breathing apparatus, monitoring systems, and defibrillators. The service removes the risk of road congestion and is most suitable in areas affected by natural disasters.
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What are the growth prospects and trends in the air ambulance industry?
The expanding healthcare sector and the increasing number of accidents across the globe are primarily augmenting the air ambulance market. Furthermore, the escalating demand for this system, as it facilitates faster travel compared to traditional on-road ambulance services, is also bolstering the market growth. Apart from this, the rising usage of air medical services provides an on-time and well-organized passage in cases of critical emergencies is acting as another significant growth-inducing factor. Moreover, the growing prevalence of cardiac ailments, including heart attacks, and other serious health concerns, such as brain stroke, require urgent therapeutic attention, which is further catalyzing the global market.
Besides this, the inflating utilization of this system, as it enhances the accessibility and reach of medical facilities to even the isolated areas with poor infrastructure, is positively influencing the market growth. Additionally, numerous technological advancements, including online booking of these services, are also driving the global market. Additionally, the increasing emergency healthcare expenditures, the rising number of hospitals that can give proper air medical facilities, and improving therapeutic services across several regions are expected to drive the air ambulance market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
- Aircrafts/Airplanes
- Rotary Wing
- Fixed Wing
- Helicopters
- Seaplanes
- Others
Breakup by Service Type:
- Hospital Services
- Community Services
- Others
Breakup by Application:
- Medical Care
- Transport
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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 Ambulance
- AirMed International, etc.
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