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Air Ambulance Services Market Is Booming Worldwide 2024-2031 | Air Methods Corporation, Deccan Charters, Scandinavian Air Ambulance, Air Ambulance Specialists

02-06-2024 06:48 AM CET | Health & Medicine

Press release from: Coherent Market Insights

Air Ambulance Services Market Is Booming Worldwide 2024-2031 |

Market Overview:

Air ambulance services provide emergency medical evacuation to critically injured or ill patients by helicopter or airplane. They help transport patients to advanced trauma centers over long distances in a time-sensitive manner.

Market Dynamics:

The Air Ambulance Services Market is expected to exhibit significant growth over the forecast period. This can be attributed to two key drivers - increasing road accidents worldwide and growing demand for advanced pre-hospital emergency care. Road accidents account for around 1.35 million annual deaths globally. Air ambulances offer a faster mode of transportation compared to ground ambulances in emergency situations like severe injuries from road accidents. They help save precious time in transporting critically injured patients to advanced healthcare facilities. Furthermore, there is rising demand for specialized emergency care as more number of people now survive emergency situations compared to a few years back. This necessitates advanced life support measures during medical transportation which air ambulances are well equipped to provide.

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Major Driver: Increasing Road Accidents and Trauma Cases are Driving the Demand for Air Ambulance Services

The number of road accidents and trauma cases have been increasing significantly over the past few years. According to WHO, around 1.35 million people die in road crashes each year, on average 3,700 deaths a day. The rising number of vehicles on the road and negligent driving behaviors have contributed to this increase in road accidents. Air ambulance services play a vital role in safely transporting critical patients who need immediate medical attention to reach hospitals within the golden hour. They can reach the patient faster than ground ambulances in both urban and rural areas. The quick response time and safety of air ambulances compared to ground transportation has made them a preferred mode of transport for trauma cases.

Major Restrain: High Operational Cost of Air Ambulance Services

While air ambulances provide unmatched safety, speed and access compared to ground ambulances, their operational costs are substantially higher. Maintaining and operating rotary-wing air ambulance aircraft or fixed-wing jets involves huge capital investments, specialized pilots and medical crew, aviation fuel, aircraft maintenance, hangars, among other overhead costs. The operational costs can range anywhere from $4,000 to $20,000 per flight hour depending on the aircraft type. This makes air ambulance services unaffordable for many without medical insurance. High costs pose a major barrier for coverage of air ambulance services under both public and private health insurance schemes. The operational economics of air ambulances remains one of the biggest challenges restraining broader adoption and access to lifesaving air medical transport.

Major Opportunity: Growth of Medical Tourism Industry Opening Up New Markets

The medical tourism industry has been witnessing strong growth globally with increasing numbers of people traveling abroad for elective surgical and non-surgical treatments. Lower costs coupled with good quality healthcare and advanced facilities are attracting patients from developed countries to destinations like India, Thailand, South Korea and Mexico. This boom in medical travel is opening up opportunities for air ambulance services to transfer international patients from their home countries to medical travel destinations and between cities within these countries for tertiary and complication care. As medical value travel grows further, more partnerships are likely between industry players offering opportunities to setup international patient transfer networks and expand the coverage of air ambulance networks globally.

Major Trend: Advances in Aircraft and Medical Technologies Driving Modernization

Technological advancements are positively impacting the capabilities and operations of modern air ambulances. Lighter, more fuel efficient and powerful aircraft designs along with improvements in avionics, navigation, telemetry and safety systems are allowing air ambulances to operate more autonomously in diverse geographies including remote areas. On the medical front as well, advances in pre-hospital and critical care technologies are enhancing clinical capabilities. Equipment like ventilators, ultrasound machines, monitoring devices and portable blood analyzers are part of standard medical kits on board air ambulances today. Integration of telemedical technologies enables remote guidance and monitoring of patients from specialist doctors on the ground. Such innovations are driving higher performance standards and modernization across the air medical transport industry.

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Top Companies Covered In This Report:

◘ 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
◘ Express Aviation Services
◘ ALPHASTAR

Market Segmentation:

By Service Type: Hospital-based Services, Community-based Services

By Aircraft: Helicopter, Drone Ambulance Aircraft/Airplane (Rotary Winged Aircraft an, Fixed Winged Aircraft), Seaplanes

By Application: Inter- Facility, Rescue helicopter services, Organ transplant logistics, Overweight patient transport, Infectious disease services, Neonatal transport, Pediatric transport, Others

Geographic Covered in the Report:

‣ North America (USA and Canada)
‣ Europe (UK, Germany, France and the rest of Europe)
‣ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
‣ Latin America (Brazil, Mexico, and the rest of Latin America)
‣ Middle East and Africa (GCC and rest of the Middle East and Africa)

Reason to Buy this Report:

■ Study of the impact of technological developments on the market and the emerging trends shaping the industry in the coming years.
■ Analysis of the regulatory and policy changes affecting the market and the effects of these changes for market participants.
■ Summary of the competitive landscape in the Air Ambulance Services market, including profiles of the key players, their market share, and strategies for growth.
■Identification of the major challenges facing the market, such as supply chain disruptions, environmental concerns, and changing consumer preferences, and analysis of how these challenges will affect market growth.
■Assessment of the potential of new products and applications in the market, and analysis of the investment opportunities for market participants.

Questions Answered by the Report:

(1) Which are the dominant players of the Air Ambulance Services Market?
(2) What will be the size of the Air Ambulance Services Market in the coming years?
(3) Which segment will lead the Air Ambulance Services Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Air Ambulance Services Market?
(6) What are the go-to strategies adopted in the Air Ambulance Services Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Air Ambulance Services Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in Air Ambulance Services Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

🎯 Contact Us:
Mr. Shah
Coherent Market Insights Pvt. Ltd,
📞Phone: U.S.: +1-206-701-6702
📞U.K.: +44-020-8133-4027
📞JAPAN: +81-50-5539-1737
📞INDIA: +91-848-285-0837
✉ Email: sales@coherentmarketinsights.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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