Home Press Releases Air Ambulance Service Market Size Worth $37.89 Billion by 2030 | CAGR: 10.5%

Air Ambulance Service Market Size Worth $37.89 Billion by 2030 | CAGR: 10.5%

The global air ambulance services market size is expected to reach USD 37.89 billion by 2030 according to a new study by Polaris Market Research. The report Air Ambulance Service Market Share, Size, Trends, Industry Analysis Report, By Type (Rotary-wing, Fixed-wing); By Service (Hospital-based, Community-based); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The increasing frequency of road accidents, and the growth in the prevalence of diseases requiring immediate medical care are responsible for the market’s growth. In addition, advanced reimbursement policies and rising medical tourism are likely to have a positive impact on market growth.

 

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The COVID-19 pandemic boosted the demand for air ambulance services. As several patients lost their lives due to prolonged trip durations, many countries now use these services to save lives. The rising number of emergencies to handle during the pandemic increased, it turns increasing the demand for air ambulances, which has accelerated the market’s growth during the pandemic.

 

Additionally, the growing urban population and rising R&D investment in advanced passenger drones are expected to influence the market’s growth over the forecast period. For instance, in 2021, EHang Holdings announced that it had joined an international project Ambular, to design an ambulance drone supported by the International Civil Aviation Organization. The primary purpose of this project was to inspire the global aviation community to unleash the potential of electric vehicle takeoff and landing aircraft.

 

Air Ambulance Service Market Report Highlights

  • Rotary-wing type acquired the largest market share in 2021 due to its cost-effectiveness and quick response to helicopter-based air ambulance service
  • The hospital-based segment witnessed significant market growth due to the rise in emergency cases.
  • North America dominates the regional market due to increasing medical facilities related to air ambulance services. For instance, in 2017, Flirtey, a drone delivery service, and REMSA, a community-integrated emergency medical services provider, launched the first automated external defibrillator (AED) drone delivery service in the U.S in which drones will deliver AEDs and thereby increase the odds of surviving cardiac arrest and ultimately save lives.
  • The global market is highly competitive owing to the existence of large industry players, which are Acadian Ambulance, American Air Ambulance, AMR, Babcock Scandinavian Air Ambulance, Capital Air Ambulance, Express Air Medical Transport, IAS Medical, Ltd., Lifeguard Ambulance Service LLC., MED FLIGHT, Native American Air Ambulance, PHI Air Medical, and REVA, Inc.

 

Polaris Market Research has segmented the air ambulance service market report based on type, service, and region:

 

Air Ambulance Service, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Rotary-wing
  • Fixed-wing

Air Ambulance Service, Service Outlook (Revenue – USD Billion, 2018 – 2030)

  • Hospital-based
  • Community-based

Air Ambulance Service, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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