Air Ambulance Services Market Size To Reach US $ 9.58



Pune, India, August 05, 2021 (GLOBE NEWSWIRE) – The world air ambulance services market should be stimulated by the increasing use of an advanced technology demonstrator (ATD). It is able to collect reflections and broadcast radio waves from the atmosphere. Many companies are also launching new facilities to increase competition. For example, AirMed International has added a Hawker 800XP aircraft to its Birmingham base. It will be used for medical purposes. This information is provided by Fortune Business Insights â„¢ in a report titled “Air Ambulance Services Market, 2021-2028. ”

According to the report, the market size was $ 4.10 billion in 2020. It is expected to grow from $ 4.89 billion in 2021 to $ 9.58 billion in 2028 at a CAGR of 10.1% during the forecast period.

The List Of Top 10 Service Providers Featured In The Air Ambulance Services Market Report is:

  • Air Methods Corporation (United States)
  • Global Medical Response Inc. (United States)
  • Acadian businesses (United States)
  • PHI Inc. (United States)
  • REVA Inc. (United States)
  • Express Aviation Services (United States)
  • European air ambulance (Luxembourg)
  • Babcock Scandinavian Air Ambulance (Sweden)
  • Air Charter Services Pvt. Ltd. (India)
  • Gulf Helicopters (Qatar)

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Declining patient volume amid COVID-19 pandemic will hamper growth

The COVID-19 pandemic has negatively impacted the emergency medical services industry due to the drop in the overall patient volume. This is happening due to growing concerns about the high risk of infections amid the pandemic. The Association of Air Medical Services, for example, requested $ 816 million in funding in April 2020 to cover the huge losses suffered by these service providers from COVID-19.

Segments-

Independent The segment will be the most important fueled by the rise of partnerships between companies

On the basis of the service operator, the market is divided into hospitals, independent and government. Among these, the independent segment is expected to generate the largest air ambulance services market share due to the increasing engagement in partnership strategies between community health organizations and private companies. GAMA Aviation, for example, was awarded a five-year contract in July 2020 from the Government of Guernsey and the Government of Jersey to provide services between the British mainland and the Channel Island.

Report Cover-

The report analyzes the Air Ambulance Service industry with consideration to the contributions, outlook, and growth trends. It presents detailed profiles of each key player operating in the market to analyze their core competencies in each segment. Apart from that, he makes sure to help our clients better understand competitive developments, such as mergers and acquisitions, new product launches, joint ventures and collaborations.

Drivers and constraints-

Increased prevalence of strokes, heart attacks, and trauma to stimulate growth

The urgent need to transport patients suffering from traumatic incidents, heart attacks and strokes is increasing the demand for these ambulance services as these patients require urgent therapy in hospitals. In the United States, for example, more than 4 million people suffer serious injuries from traffic accidents each year. Likewise, in Europe, around one million people suffer from stroke every year. Therefore, time-dependent surgery or medical intervention is required in many cases of chronic disease.

However, compared to ground ambulance services, air transport mode involves high expense. This typically costs between $ 3,000 and $ 24,000 depending on the distance. Therefore, the majority of the population cannot afford it. This factor could hamper the growth of the air ambulance service market in the coming years.

Browse the detailed summary of the research report with the table of contents:

https://www.fortunebusinessinsights.com/air-ambulance-services-market-102577

Regional Insights-

Presence of Air Methods and PHI Air Medical to Help North America Dominate

In 2020, North America achieved $ 1.96 billion in revenue. It is expected to remain in the dominant position due to the presence of various air ambulance service providers namely PHI Air Medical, Acadian Companies, Air Medical Group Holdings and Air Methods in the United States. for the development of unique technologies to improve ambulance service operations is expected to support growth.

Competitive landscape-

Major players focus on introducing new features to compete in the market

The global market contains a large number of companies which are currently striving to gain a competitive advantage. They do this by opening new bases or investing in the development of cutting-edge products with advanced functionality.

Here are the two industry developments:

  • October 2020: Air Methods opened its latest base in Evergreen, Alabama, to provide emergency aerial medical services to the surrounding area and the city. Some of the counties the base would serve are Escambia, Baldwin, Clarke, Covington, Monroe, Wilcox, Butler and Conecuh.
  • February 2020: European Air Ambulance (EAA) has announced the addition of a “Traveler” system to its list of high-tech equipment. It would secure and protect the baby in an incubator, even during the turbulence of flight.

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Detailed table of contents:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • Key ideas
    • Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions & Partnerships
    • Latest technological advances
    • Porters Five Forces Analysis
    • Supply chain analysis
  • Quantitative Analyzes – Impact of the COVID-19 Pandemic on the Global Air Ambulance Service Market
    • Impact of the COVID-19 pandemic on the global air ambulance service market
    • Measures taken by industry / companies / governments to overcome the impact
    • Key Industry Developments in Response to the COVID-19 Pandemic
    • Potential opportunities due to the COVID-19 epidemic
  • Global Air Ambulance Services Market Analysis, Outlook and Forecast, 2017-2028
    • Main conclusions / Summary
    • Market size estimates and forecasts
      • By service operator
        • Hospital based
        • Independent
        • Government
      • By aircraft type
      • By application
        • Inter-establishment
        • Rescue helicopter services
        • Organ transplant logistics
        • Others
      • By region
        • North America
        • Europe
        • Asia Pacific
        • Rest of the world

TOC Continued…!

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