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Governments Deploying Air Ambulance Services To Save Human Lives

10-13-2021 02:39 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Air Ambulance Services Market Research Report

Air Ambulance Services Market Research Report

Governments across the world are making numerous efforts to deploy air ambulance services in specific areas to offer better and immediate treatment to patients. For example, in August 2019, the government of Tamil Nadu, India, established air ambulance facilities to shift patients suffering from chronic diseases and people injured in road accidents at distant locations to healthcare centers located within a 200–300 km radius. Likewise, China has introduced a pilot project for offering air ambulance services to patients residing in places with no medical facilities.

Moreover, the mounting number of air ambulance fleets will drive the air ambulance services market at a 5.4% CAGR during the forecast period (2020–2030). The market was valued at $8.9 billion in 2019, and it is projected to generate around $15.9 billion revenue by 2030. Air ambulance fleets are being expanded to offer faster services in areas lacking medical care facilities and in accident-prone areas. Leading private and public hospitals are partnering with aircraft operators to provide air ambulance services to patients requiring immediate attention.

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Air-ambulance-service-providing companies, such as Global Medical Response Inc., European Air Ambulance (Luxembourg Air Ambulance SA), IAS Medical Ltd., PHI Air Medical LLC, Lifeguard Ambulance Service LLC, Express Air Medical Transport LLC, REVA Air Ambulance Inc., Native American Air Ambulance Inc., Air Methods Corp. (American Securities LLC), and prefer rotary-wing aircraft over fixed-wing aircraft. Rotary-wing aircraft or helicopters are primarily used for short- and medium-distance transport, especially within city or state boundaries.

The service type segment of the air ambulance services market is divided into hospital-based and community-based. Under this segment, the hospital-based category is expected to exhibit the faster growth throughout the forecast period. This can be ascribed to the surging integration of air ambulance services in a greater number of public health centers worldwide. In this service type, hospital personnel offer onboard medical services during the flight and arrange the transfer of patients to hospitals with advanced facilities.

According to the P&S Intelligence, North America has emerged as the largest user of air ambulance services in the recent past due to the presence of a large number of leading service providers in the U.S. Moreover, the existence of the requisite infrastructure for such services in the U.S. will encourage their adoption in the coming years. Additionally, the surging per capita income and increasing affordability of these services will augment their usage.

The Asia-Pacific (APAC) air ambulance services market is expected to demonstrate the fastest growth during the forecast period. This will be due to the increasing affordability of these services and soaring cases of cardiovascular diseases (CVDs) requiring immediate advanced medical care in India and China. Besides, the mounting focus of service providers on collaborations, for the betterment of the healthcare industry, will contribute to the market growth in the region in the forecast years.

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Thus, the surging government support for the integration of air ambulance services in the healthcare sector and expanding network of air ambulance bases will encourage the usage of such services.

Contact:

Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow us on LinkedIn: https://www.linkedin.com/company/pnsintelligence/

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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