Air Ambulance Services Market in North America Market Global Industry Historical Background, Industry Structure, Development and Sector Opportunities Till 2031

The North America Air Ambulance Services Market was valued at US$ 4,366.12 million in 2023 and is expected to reach US$ 8,418.31 million by 2031; it is estimated to record a CAGR of 8.6% from 2023 to 2031.

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The healthcare sector is growing rapidly owing to its growing coverage, improved services, and rising expenditure by public and private players. In addition, with the increasing awareness and focus on well-being and health-related concerns, the majority of the population is increasing their spending on healthcare-related services. Rising household income and increasing awareness about health and wellness have resulted in a growing demand for medical and healthcare services, including better treatment facilities, multi-specialty hospitals, advanced medical equipment and devices, and patient pick-up and drop services using air ambulance services.

Analysis of the Top Market Players:

1. Air Methods
2. Babcock International Group Plc
3. Medical Air Service
4. PHI Air Medical

In this report, the market has been segmented on the basis of:

Aircraft Type (Rotary Wing and Fixed Wing)

Service Model (Hospital-Based, Government Run, and Independent)

End User (Domestic and International)

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Patients are now focusing more on premium healthcare facilities in terms of transportation and overall services. Customers in higher income groups emphasized faster pick-up facilities in times of emergency and opted for air ambulance facilities offered by hospitals or independent trauma care centers. For instance, the US has one of the highest costs of healthcare in the world. In 2022, US healthcare spending reached ~US$ 4.5 trillion, which averages to ~US$ 13,493 per person. According to a study published by the American Medical Association, in 2021, the majority of the population was spending on private health insurance policies, which accounted for almost 28.5% of the overall healthcare expenditure. High-range healthcare policies cover all the client's expenses and allow patients to opt for premium services, including ambulance services. The growing demand for air ambulance services among customers positively impacts the market growth.

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