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Air Ambulance Services Market Research Report 2024-2033: Demand, Growth, and Overview
Air Ambulance Services Market Research
According to The Business Research Company's, The air ambulance services market size has grown strongly in recent years. It will grow from $17.09 billion in 2023 to $18.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to geographic challenges and inaccessibility, increased incidence of critical illnesses, trauma and accident rates, growth of medical tourism, expansion of healthcare infrastructure, aging population.
The air ambulance services market size is expected to see strong growth in the next few years. It will grow to $22.39 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to global health crises and pandemics, regulatory support for air ambulance operations, population health management strategies, focus on critical care capabilities, climate change and natural disaster preparedness. Major trends in the forecast period include remote patient monitoring, integration of unmanned aerial vehicles, partnerships with healthcare systems, innovation in payment and insurance models, in-flight medical consultations.
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Market Drivers and Trends:
The growing cases of chronic diseases are expected to propel the growth of the air ambulance services market going forward. Chronic diseases are medical conditions or illnesses that persist over an extended period and often develop gradually. Air ambulance services are used to quickly transport critical patients with chronic conditions for specialized medical treatment via aircraft or helicopters. For instance, according to the world health organization (WHO), in 2021, an estimated of 10.6 million people are infected with tuberculosis globally, and 1.6 million died. Further, 1.5 million people acquired HIV in 2021 while 650,000 people lost their lives due to it. Therefore, the growing cases of chronic diseases are driving the air ambulance services market.
Strategic partnerships are a key trend gaining popularity in the air ambulance services market. Major companies operating in the air ambulance services market are undergoing partnerships to develop enhanced services and strengthen their position in the market. For instance, in March 2022, Airbus, a France-based aerospace company collaborated with Airlift Global, a UK-based aerospace company. Through this partnership, the companies aim to develop a chopper ambulance service, a pilot project integrating air ambulance and medical emergency service in India for improved healthcare accessibility and connectivity in both urban and rural environments. Furthermore, in March 2023, Airbus, a France-based aerospace company collaborated with Air Ambulance Foundation, a UK-based provider of fully-equipped advance life support helicopter ambulance service. Through this collaboration, both companies aim to develop the next generation's future missions for medical services in Norway.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Petroleum Helicopters International Inc.; Babcock International Group plc; REVA Inc. - Air Medical Group Holdings; Acadian Ambulance Service Inc.; Air Methods Corporation; Express Aviation Holdings Inc.; American Medical Response; Lifeguard Ambulance Service LLC; IAS Medical Ltd.; American Air Ambulance; Gulf Helicopters Company; European Air Ambulance; Air Charter Services Pvt. Ltd.; California Shock Trauma Air Rescue; AirMed International LLC; Guardian Air (Pty) Ltd.; AirLink Ambulance USMX; Life Flight Network; Medicopter Air Ambulance; Shoal Creek EMS; Air Evac Lifeteam; Global Medical Response; Air Care; Sky Medical Transport; REACH Air Medical Services; ARCH Air Medical Service; CareFlight; Eagle Air Medical; LifeNet Health; Metro Aviation Inc.
Air Ambulance Services Market 2024 Key Insights:
• The air ambulance services market will grow to $22.39 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
• Impact Of Growing Chronic Disease Cases On The Air Ambulance Services Market
• Strategic Partnerships Driving Innovation In The Air Ambulance Services Market Collaborations By Airbus With Airlift Global And Air Ambulance Foundation
• North America was the largest region in the air ambulance services market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
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