Air Ambulance Services Market - Emerging Economies Is Expected To Hamper Growth | Air Ambulance Specialists, Air Charter Service, Envision Healthcare Companies

Rising incidences of life threatening diseases such as cancer, diabetes, neurological conditions, coronary heart disease, and HIV is expected to drive the market growth. For instance, according to the World Health Organization 2018 report, around 18.1 million new cancer cases were diagnosed in 2018 globally, and around 9.6 million deaths occurred due to cancer in 2018 globally. According to same source 1 in 5 men and 1 in 6 women worldwide develop cancer during their lifetime.

Moreover, according to the International Diabetes Federation report published in November 2019, around 463 million adults between the age group of 20 to 79 years were diagnosed with diabetes and it is expected that the total diabetes population will reach around 700 million by 2045 globally.

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According to the American Heart Association, in January 2019, stroke is a leading cause of death in the U.S. with around 2.7 million people in the country living with atrial fibrillation and around 800,000 people encounter a stroke, annually, due to blockage in the blood vessel, which supplies blood to the brain. Therefore, increasing prevalence of stroke is expected to boost growth of the air ambulance services market.

However, lack of healthcare infrastructure and inadequate number of aircraft in emerging economies is expected to hamper growth of the air ambulance services market over the forecast period.

Key players operating in the global air ambulance services market are focusing on geographical expansion, in order to expand their business globally. For instance, in August, 2019, AirLife North Carolina, a division of Air Methods announced launching of new base in Lumberton, North Carolina, U.S. The base is expected to focus on offering air ambulance services in emergency and trauma situations.

Moreover, in February 2018, Babcock Scandinavian Air Ambulance (BSAA) launched the very first state-of-the-art AW169 helicopter in active Emergency Medical Service (EMS) duty in Nordic countries.

Moreover, some major companies are focused on adopting acquisition strategies, in order to expand their business and enhance their market share. For instance, in April 2019, AirMed International acquired AMR Air in Denver and Lifeguard Flying ICU in Las Vegas, U.S., and as a result of this acquisition AirMed is focusing on expanding their air ambulance services in the global market.

Major players operating in the global air ambulance services market include Air Methods Corporation, Deccan Charters, Scandinavian Air Ambulance, Air Ambulance Specialists, Air Charter Service, Envision Healthcare Companies, Falck Danmark A/S, AMR Air Ambulance, AirMed International, and Express Aviation Services.

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