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Air Ambulance Services Market is Projected to Reach USD 12.6 Billion By 2032 With a CAGR of 9.30%; Navigating Healthcare Horizons.
Market Insights-According to MRFR, the global air ambulance services market industry is expected to register a CAGR of 3.90% during the forecast period 2023 - 2032 and hold a value of over USD 12.6 billion by 2032.
Air ambulance services refer to the transportation of patients, who require immediate medical attention, to healthcare facilities by air. These services are typically provided by helicopters, airplanes or other aircraft equipped with medical supplies and personnel. Air ambulance services are commonly used in emergency situations where ground transportation is not feasible or may take too long to reach the patient.
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The COVID-19 pandemic has had a significant impact on the air ambulance services market. With the outbreak of the pandemic, there has been a surge in demand for air ambulance services due to the need to transport critical COVID-19 patients to healthcare facilities. However, there have also been challenges in providing these services due to restrictions on air travel, the need for specialized equipment and the availability of trained medical personnel. The major factors driving the growth of the market includes the increasing demand for emergency medical services, the rising prevalence of chronic diseases, the growing geriatric population, and the need for faster and more efficient transportation of critically ill patients. The factors hampering the growth of the market include the high cost of air ambulance services, regulatory challenges, and the shortage of trained medical personnel.
Regional Analysis-
North American air ambulance services market is expected to be the largest market globally due to the presence of well-established healthcare infrastructure The European air ambulance services market is expected to grow at a significant rate due to the increasing number of chronic diseases, a rising geriatric population, and the growing demand for emergency medical services. Asia Pacific increasing demand for emergency medical services, rising healthcare spending, and improving healthcare infrastructure. Middle East and Africa improving healthcare infrastructure and rising investments in the healthcare sector. Latin American increasing number of chronic diseases, a rising geriatric population, and the growing demand for emergency medical service.
Market Segmentation-
On the basis of transport vehicle, the market can be segmented into air and ground.
On the basis of aircraft type, the market can be segmented into rotary-wing and fixed-wing.
On the basis of mission profile, the market can be segmented into inter-facility transport, scene response, and others.
On the basis of service model, the market can be segmented into community-based, hospital-based, and hybrid.
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Key Companies in the Air Ambulance Services Market include -
Air Methods Corporation
Air Medical Group Holdings
PHI, Metro Aviation
Rega, DRF
ADAC Service GmbH
Royal Flying Doctor Service
REVA Air Ambulance
AMR,
FAI
Capital Air Ambulance
Native American Air Ambulance
Lifeguard Ambulance
MED FLIGHT
Scandinavian Air Ambulance
Airmed International
Yorkshire Air Ambulance
JAIC
Deer Jet
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Air Ambulance Services Industry Developments -
April 2021
Babcock The European Union and Norway agreed to a deal. This agreement aims to offer 24-hour fast jet air ambulance service to the rescue program. A fast jet air ambulance service will be offered by Babcock throughout the EU as part of this contract, which also covers staffing, training, and maintenance of the aircraft.
February 2021
An HCare maintenance support agreement was struck by Air Methods and the OEM. This agreement will cover the fleet of 80 EC135 light twins owned by Air Methods.
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