Air Ambulance Services Market (By Type: Rotary-wing, Fixed-wing; By Service Model: Hospital-based, Community-based) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Aug 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Air Ambulance Services market size is expected to be worth around US$ 21.2 billion by 2030, according to a new report by Vision Research Reports.

The global Air Ambulance Services market size was valued at US$ 15.3 billion in 2020 and is anticipated to grow at a CAGR of 20.0% during forecast period 2021 to 2030.

Growth Factors

 The increasing number of accidents, the impact of COVID-19, and technological advancements are the key driving factors for the market.

Air ambulance services are used generally in case of medical emergencies. Patients or their family members have to bear high costs in case the services are availed in dire situations. Thus, reimbursement plans help patients recover costs and reduce this burden. Many companies offer reimbursement for the services such as Medicare and Medicaid. Moreover, the majority of the medical insurance guidelines and employee benefit plans offer some type of air ambulance coverage. The United States Department of Health and Human Services has included an air medical reimbursement plan in the Affordable Care Act. In February 2017, lawmakers in Montana supported two air ambulance regulation bills with an aim to reduce the economic burden on patients.

It was estimated that around 49.0% of the U.S. population will be affected by chronic diseases by 2025. Cardiac diseases and stroke account for 30.0% of the deaths in the U.S. Cardiovascular diseases are the leading cause of death globally. Stroke is the second most common cause of death worldwide. According to the WHO, it is estimated that by 2020, chronic diseases will account for 3/4th of the total deaths globally, out of which, 71% will be caused by ischemic heart diseases and 75% of deaths will be caused by stroke. India and China have a high prevalence of cardiac diseases. Chronic diseases, such as cardiac diseases and stroke, usually require an emergency medical response. The services provide rapid response in case of such emergency medical situations. Air ambulances are equipped with advanced and innovative medical care for cardiac, stroke, chronic obstructive pulmonary disorder, and trauma patients.

Report Highlights

The rotary-wing segment dominated the market for air ambulance services and held the largest revenue share of 76.8% in 2020. In the market for air ambulance services, the term rotary-wing is generally used for helicopters. The main advantages of helicopter-based air ambulance services are cost-effectiveness and quick response time. Helicopters serve patients in emergency situations especially when a quick response time is expected. Helicopters are a good substitute to ground ambulances as they can land almost anywhere, including roads, parks, fields, cramped urban areas, and paved areas. However, due to low fuel capacity, they have a short operating range.

The helicopter-based air ambulance can be used in a wide range of situations mainly dealing with emergency response. Hospitals use rotary-wing air ambulance services to transport the medical team to the patient’s location and then escort them back to the hospital. Commonly used helicopters for air ambulance services are Bell 206, 429, and 407, Eurocopter AS350, EC135, BK117, EC145, and EC130, Sikorsky S-76, and Augusta Westland 149 and 109. Some of the key players operating in this market are REVA Inc.; PHI; AirMed International; Scandinavian Air Ambulance; and Native American Air Ambulance.

Fixed-wing air ambulances can travel long distances as they have better fuel capacity as compared to rotary-wing aircraft. Aircraft with propellers are mostly used for short distances. Some propeller-driven aircraft are also known as turboprops and are sometimes used for long-distance and/or outstation travel. Business jets are used for longer distance service models and are capable of carrying more medical equipment and personnel as compared to helicopters. Moreover, fixed-wing aircraft can operate in unpleasant weather conditions without compromising patient’s comfort and quality of care. The ability to operate in adverse weather conditions and the rise in medical tourism are two main reasons that can be attributed to an increase in demand for  The use of a turboprop or a jet is based on the parameters of transport. Some commonly used fixed-wing air ambulances are Learjet 31, 35, and 36, King Air 200, 90, Pilatus PC-12, and Piper Cheyenne. REVA Inc., PHI Air Medical, AirMed International, Scandinavian Air Ambulance, Native American Air Ambulance are some of the key players operating in this market.

The hospital-based segment dominated the market for air ambulance services and held the largest revenue share of 79.9% in 2020, and is anticipated to witness a considerable growth rate over the forecast period. In a hospital-based service model, a hospital generally provides a medical team and partners with an aviation service provider for aircraft, pilots, and mechanics. The aviation service provider is required to have Federal Aviation Administration (FAA) certificate and is paid by the hospital for the service model offered by them.

The first hospital-based helicopter service for civilians started in 1972 and currently around half a million rotary- and fixed-wing aircraft operate annually. Lack of specialty care and medical physicists in some regions has led to an increase in the use of air ambulance services to rapidly transfer patients to specialty hospitals.

The community-based segment is anticipated to a witness considerable growth rate over the forecast period. In a community-based service model, an independent operator has a base set up in a community and serves various localities and service models. The operator has an FAA certificate and employs its own medical and flight crew. An increase in the need for access to healthcare in rural areas has led to the growth of community-based air ambulance services. In the community-based model, the income is obtained entirely from patient transfers instead of fixed agreements with hospitals. These service models are based on public donations and/or are donated by businesses. Service models are provided through a contract with private operators and community healthcare organizations. Air Evac Lifeteam is one of the biggest community-based operators.

North America dominated the air ambulance services market and accounted for the largest revenue share of 52.0% in 2020. The region is expected to witness a considerable growth rate of 9.2% over the forecast period. North America has the largest number of air ambulance service providers, and the infrastructure required for air medical transportation is also easily accessible. In addition, the presence of favorable reimbursement policies also supports the growth of this region. Moreover, the presence of highly developed healthcare infrastructure is also expected to drive the market for air ambulance services over the forecast period.

In Asia Pacific, the market for air ambulance services is anticipated to witness the fastest growth over the forecast period. The presence of developing countries such as China, India, and Japan is anticipated to boost the growth of the market for air ambulance services in the region. In addition, the rapidly growing medical tourism industry in these countries can also be attributed to the increase in demand for air ambulance services in this region. For instance, as per the report on the Export Health Service model by the Directorate-General of Commercial Intelligence and Statistics of India, in 2016-2017, India had 58,300 medical tourists on medical visas.

Key Players

  • AMR

  • PHI Air Medical

  • Babcock Scandinavian Air Ambulance

  • Express Air Medical Transport

  • REVA, Inc.

  • Lifeguard Air ambulance

  • Acadian Ambulance

  • IAS Medical, Ltd.

  • American Air Ambulance

Market Segmentation

  • Type Outlook 

    • Rotary-wing

    • Fixed-wing

  • Service Model Outlook 

    • Hospital-based

    • Community-based

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

The Air Ambulance Services market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Air Ambulance Services market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Air Ambulance Services market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Air Ambulance Services market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Air Ambulance Services market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Air Ambulance Services capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Air Ambulance Services by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Air Ambulance Services market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Air Ambulance Services market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Air Ambulance Services market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Air Ambulance Services industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Air Ambulance Services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Air Ambulance Services market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Air Ambulance Services market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Air Ambulance Services market. These factors have benefited the growth of the global market for Air Ambulance Services. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Air Ambulance Services. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Air Ambulance Services are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies

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