Air Ambulance Services Market Introduction and Overview
According to SPER Market Research, the Global Air Ambulance Services Market is estimated to reach USD 19.38 billion by 2033 with a CAGR of 10.81%.
The report includes an in-depth analysis of the Global Air Ambulance Services Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "air ambulance services" describes a specialised form of medical air or helicopter transport. These services are used to swiftly and safely move seriously injured or unwell people from one place to another. They can quickly move patients between medical institutions or across great distances, even to rural or difficult-to-reach places, ensuring that they receive the best care possible. For longer patient journeys, fixed wing air ambulances are preferable.
- March 2023: LifeSaver is a cutting-edge programme developed by Airbus Helicopters and International SOS with the goal of advancing emergency medical systems and boosting patient outcomes. In order to improve their Emergency Medical System (EMS), Estonia has become the first nation to work with International SOS and Airbus Helicopters to develop a national innovation programme named LifeSaver.
- January 2023: The first-ever incubator aboard a rotary wing aircraft was introduced in England by the U.K. aeromedical charity Children's Air Ambulance (TCAA). The program's goal is to assist specialised NHS transport crews on flights that could save lives. The CAA placed on the brand-new AgustaWestland 169 aircraft in cooperation with Gama Aviation's Part 21J Design Organisation and in close consultation with top neonatal transfer doctors.
Market Opportunities and Challenges
Technological advancements and product innovations are key trends creating opportunities in the market. To lessen pilot burden and increase operational safety, major players in this industry are concentrating on developing technologies including synthetic vision systems, satellite communications, and self-learning AI algorithms. In order to explore new possibilities for providing air medical services, Electric Vertical Take-Off and Landing (eVTOL) platforms are also being looked at.
However, in many areas, insurance coverage for air ambulance services is either limited or non-existent. People are heavily burdened financially by this lack of coverage. Patients are less likely to seek air ambulance services as a result, even in dire circumstances. The demand for these treatments might not be as high if there were adequate insurance options. Additionally, it costs a lot of money to run air ambulance services. It covers staff, fuel, and costs related to purchasing and maintaining aircraft. Additionally, there are expenses related to adhering to aviation rules as well as maintaining standards for personnel and medical equipment. The number of air ambulance providers may be constrained by these high operational expenses, which also make it challenging for them to deliver services at fair prices. This makes it challenging for new competitors to enter the market and inhibits the expansion of the air ambulance services industry as a whole.
Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Acadian Companies, Aeromedevac, Air Methods, ALPHASTAR, Babcock Scandinavian AirAmbulance, Gulf Helicopters, European Air Ambulance, Express Aviation Services, PHI Inc., REVA Inc., Others. To grow their market share, major players concentrate on developing markets, technological breakthroughs, and product innovations.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Service Operator, By Service Type, By Aircraft Type, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Acadian Companies, Aeromedevac, Air Methods, ALPHASTAR, Babcock Scandinavian AirAmbulance, Gulf Helicopters, European Air Ambulance, Express Aviation Services, PHI Inc., REVA Inc., Others
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COVID-19 Impact on Global Air Ambulance Services Market
The COVID-19 situation is causing market uncertainty, a significant slowdown in the supply chain, a decline in corporate confidence, and an escalating level of panic among specific client segments. Governments in many regions have already issued industrial lockdowns and temporary closures, which has a negative impact on overall production and sales. However, the COVID-19 pandemic had a favourable effect on the market for air ambulances. The increased need for air ambulances during the pandemic can be blamed for this. As a result of the increasing demand, numerous market players also made several strategic adjustments. For instance, a specific critical care transfer team was established by Air Ambulance Kent Surrey Sussex. It was also among the first civilian air ambulances in the UK to transport critically ill COVID-19 patients by air.
Key Target Audience:
- Emergency Medical Services (EMS)
- Insurance Companies
- International Patients
- Medical Facilities and Hospitals
- Medical Tourism Providers
- Remote and Inaccessible Areas
- Sports and Adventure Tourism
- Travel and Tour Operators
- Others
Our in-depth analysis of the Air Ambulance Services Market includes the following segments:
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By Service Operator:
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Government
Hospital Based
Independent
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By Service Type:
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Domestic
International
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By Aircraft Type:
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Fixed-Wing
Rotary-Wing
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By Application:
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Infectious Disease Service
Inter-facility
Neonatal and Pediatric Transport
Organ Transplant Logistics
Rescue Helicopter Service
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Key Topics Covered in the Report:
- Global Air Ambulance Services Market Size (FY’2023-FY’2033)
- Overview of Global Air Ambulance Services Market
- Segmentation of Global Air Ambulance Services Market By Service Operator (Government, Hospital Based, Independent)
- Segmentation of Global Air Ambulance Services Market By Service Type (Domestic, International)
- Segmentation of Global Air Ambulance Services Market By Aircraft Type (Fixed-Wing, Rotary-Wing)
- Segmentation of Global Air Ambulance Services Market By Application (Infectious Disease Service, Inter-facility, Neonatal and Paediatric Transport, Organ Transplant Logistics, Rescue Helicopter Service, Others)
- Statistical Snap of Global Air Ambulance Services Market
- Expansion Analysis of Global Air Ambulance Services Market
- Problems and Obstacles in Global Air Ambulance Services Market
- Competitive Landscape in the Global Air Ambulance Services Market
- Impact of COVID-19 and Demonetization on Global Air Ambulance Services Market
- Details on Current Investment in Global Air Ambulance Services Market
- Competitive Analysis of Global Air Ambulance Services Market
- Prominent Players in the Global Air Ambulance Services Market
- SWOT Analysis of Global Air Ambulance Services Market
- Global Air Ambulance Services Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Air Ambulance Services Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Air Ambulance Services Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Air Ambulance Services Market
7. Global Air Ambulance Services Market, By Service Operator (USD Million)
7.1. Global Air Ambulance Services Market Value Share and Forecast, By Service Operator, 2023-2033
7.2. Government
7.3. Hospital Based
7.4. Independent
8. Global Air Ambulance Services Market, By Service Type (USD Million)
8.1. Global Air Ambulance Services Market Value Share and Forecast, By Service Type, 2023-2033
8.2. Domestic
8.3. International
9. Global Air Ambulance Services Market, By Aircraft Type (USD Million)
9.1. Global Air Ambulance Services Market Value Share and Forecast, By Aircraft Type, 2023-2033
9.2. Fixed-Wing
9.3. Rotary-Wing
10. Global Air Ambulance Services Market, By Application (USD Million)
10.1. Global Air Ambulance Services Market Value Share and Forecast, By Application, 2023-2033
10.2. Infectious Disease Service
10.3. Inter-facility
10.4. Neonatal and Pediatric Transport
10.5. Organ Transplant Logistics
10.6. Rescue Helicopter Service
10.7. Others
11. Global Air Ambulance Services Market Forecast, 2019-2033 (USD Million)
11.1. Global Air Ambulance Services Market Size and Market Share
12. Global Air Ambulance Services Market, By Service Operator, 2019-2033 (USD Million)
12.1. Global Air Ambulance Services Market Size and Market Share By Service Operator (2019-2026)
12.2. Global Air Ambulance Services Market Size and Market Share By Service Operator (2027-2033)
13. Global Air Ambulance Services Market, By Service Type, 2019-2033 (USD Million)
13.1. Global Air Ambulance Services Market Size and Market Share By Service Type (2019-2026)
13.2. Global Air Ambulance Services Market Size and Market Share By Service Type (2027-2033)
14. Global Air Ambulance Services Market, By Aircraft Type, 2019-2033 (USD Million)
14.1. Global Air Ambulance Services Market Size and Market Share By Aircraft Type (2019-2026)
14.2. Global Air Ambulance Services Market Size and Market Share By Aircraft Type (2027-2033)
15. Global Air Ambulance Services Market, By Application, 2019-2033 (USD Million)
15.1. Global Air Ambulance Services Market Size and Market Share By Application (2019-2026)
15.2. Global Air Ambulance Services Market Size and Market Share By Application (2027-2033)
16. Global Air Ambulance Services Market, By Region, 2019-2033 (USD Million)
16.1. Global Air Ambulance Services Market Size and Market Share By Region (2019-2026)
16.2. Global Air Ambulance Services Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. Acadian Companies
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Aeromedevac
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Air Methods
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. ALPHASTAR
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Babcock Scandinavian AirAmbulance
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Gulf Helicopters
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. European Air Ambulance
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Express Aviation Services
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. PHI Inc.
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. REVA Inc.
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
