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Global Air Ambulance Services Market to Grow at a CAGR of 10.2% During the Period 2022-2027, Driven by Growing Demand for Emergency Services

According to a new report by EMR titled, ‘Global Air Ambulance Services Market Report and Forecast 2022-2027’, the global air ambulance services market is expected to grow at a CAGR of 10.2% during the period 2022-2027, driven by rising demand for critical care services and increasing medical tourism.

The global market for air ambulance services is likely to be driven by increased demand for emergency services in the wake of the COVID-19 outbreak, and rapid response to exigent circumstances such as severe trauma, loss of blood, burn injuries, stroke/heart attack, brain injuries, etc. The market is also expected to receive a boost due to increase in medical tourism and the resultant demand for transportation to desired destinations. Key destinations include the United States of America and India. While the air ambulance industry is well-established in the United States and Europe, it is expanding in nations such as India.

Devon Air Ambulance, a medical emergency service based in UK, reported its busiest year in 2021, attending over 1,900 incidents in the county. Majority of calls needed help for patients suffering with a medical condition, injuries caused by falls, burns and road collisions. Nearly 50% of the patients responded to suffered a serious medical condition. The COVID-19 outbreak also forced service providers to ramp-up operations and expand capabilities. FAI rent-a-jet GmbH witnessed 2020 as its busiest year owing to the COVID-19 outbreak. During this time, the division operated at full capacity to meet all requests for repatriation and medevac flights received 24 hours a day, seven days a week, using its ten-strong fleet of air ambulance jet aircraft covering every corner of the globe. In 2021, FAI was awarded the Pandemic Response Special Award at the 2021 Aviation Annual Achievement Awards in Dubai. The company was commended for the quick and opportune roll out of its Covid-19 aeromedical transport capability, and its ability to increase fleet capacity in response to the pandemic.

Air ambulance services are expanding to countries like India, owing to increased demand. For example, in 2021, Blade India launched air ambulance services in India amid growing demand during the COVID-19 outbreak. Again in 2021, Hyderabad-based medical transportation startup – StanPlus – announced that it was building up its on-ground and on-air fleet to solve the rising demand for ambulance services across metros and small towns.

Air ambulance services offer unique and critical medical transportation capabilities. These services help transport patients and live organs more quickly than surface options across great distances or through crowded locations. Additionally, air ambulance services enable unmatched access to accident scenes in areas where surface transportation is restricted, such as the wilderness or during disasters.

Air ambulances deployed to deal with emergency situations are highly valued for their medical treatment capabilities as well as transportation capacities. Normally, air ambulance aircraft are staffed by qualified medical personnel, and equipped with modern life support equipment. This level of medical care frequently exceeds that provided by a regular surface ambulance. Air ambulance services can be especially beneficial in rural locations, where local emergency medical professionals may be less qualified or have less expertise with certain types of injuries. However, air ambulance services are relatively expensive and remain unaffordable for a large percentage of the population.

Key Findings of the Report:

  • Demand for critical care and emergency services is increasing, which is likely to drive the market for air ambulance services.
  • Increasing medical tourism is likely to stimulate the market.
  • USA and Europe are key markets. However, increased demand has led expansion of the market to countries like India.

Market Analysis by Service Model, Service Type, Aircraft Type, and Region:

  • By service model, the market is segmented into Hospital-based and Community-based.
  • By service type, the market is classified according to Domestic and International.
  • By aircraft type, the market is segmented into Fixed-Wing and Rotary-Wing.
  • By region, the market is classified according to North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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