The global air ambulance service market size is expected to reach USD 13.15 Billion in 2030 and register a revenue CAGR of 10.5% over the forecast period, according to latest report by Reports and Data. Rising incidence of trauma, stroke, and heart attack is expected to drive market revenue growth during the forecast period. Air ambulance services are increasingly being implemented to transfer patients suffering from stroke, heart attack, or any traumatic incident who require time-sensitive therapy in a critical care facility. In many situations of trauma, stroke, and heart attack, time-sensitive medical or surgical intervention is essential, such as quick restoration of blood flow to the brain with the help of an emergency Intravenous (IV) Injection of recombinant tissue plasminogen activator, or an endovascular procedure for treating ischemic stroke, which can be efficiently provided through air ambulance services at various locations. There are significant opportunities for development of air ambulance services across the world, due to rising incidence of trauma, stroke, and heart attack.
However, increasing costs of air medical services and reimbursement issues may hinder market revenue growth to some extent. Costs of air ambulance services are much higher than those of land ambulance services. Though coverage for air ambulance services is available in the United States from government and commercial health insurance, reimbursement rates are extremely low when compared to the billing of air health practitioners. Medicare and Medicaid cover around 60% and 34% of average air medical transport costs, leaving patients with significant out-of-pocket expenses in many circumstances.
In-depth Study of the Competitive Landscape:
The global Air Ambulance Service market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers & acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
Air Methods Corporation, Acadian Companies, Global Medical Response, Inc., Petroleum Helicopters International (PHI), Inc., Express Aviation Services LLC, Air Charter Service, REVA, Inc., Babcock International Group PLC, European Air Ambulance, and Gulf Helicopters.
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Service Operator Outlook (Revenue, USD Billion; 2019-2030)
- Hospital Based
- Independent
- Government
Service Type Outlook (Revenue, USD Billion; 2019-2030)
- Medical Serice
- Government Service
- Community Service
Aircraft Type Outlook (Revenue, USD Billion; 2019-2030)
- Fixed Wing
- Rotary Wing
Application Outlook (Revenue, USD Billion; 2019-2030)
- Inter-Facility
- Rescue Helicopter Service
- Organ Transplant Logistics
- Others
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Air Ambulance Service market over the forecast period?
- What are the major factors driving the growth of the Global Air Ambulance Service Market?
- What are the key challenges impacting the global Air Ambulance Service market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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