As per the report published by The Brainy Insights, the global air ambulance market is expected to grow from USD 8.65 billion in 2022 to USD 20.07 billion by 2030, at a CAGR of 11.10% during the forecast period 2022-2030. The North American region emerged as the most significant global air ambulance market, with a 46.81% market revenue share in 2022. The North American region is home to the two most developed countries of the world, the United States and Canada. They have a high per capita expenditure in the healthcare sector. Their healthcare infrastructure is highly developed, and the presence of significant government and private medical, biotechnology, pharmaceuticals and IT companies drive innovation in the air ambulance market. The high disposable income in the region also contributes to the rising demand for private air ambulances. The increasing incidence of acute conditions like cardiac arrests, heart attacks, accidents and trauma cases has propelled the demand for the air ambulance. A significant geriatric population also contributes to the rising need for air ambulances for emergency and non-emergency purposes. The comprehensive reimbursement policy coverage also contributes to the market’s development.
Leading companies in the industry include Acadian Ambulance, Air Methods Corporation, American Air Ambulance, Babcock Scandinavians Air Ambulance, European Air Ambulance, Express Air Medical Transport, Express Aviation Services, Lifeguard Ambulance Service LLC, PHI Air Medical and REVA Inc., among others, are offering more significant opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
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The aircraft type segment is divided into fixed-wing and rotary-wing. The rotary wing segment dominated the market with a market share of around 76% in 2022. The flexibility, efficiency, versatility and time-saving features of rotary-wing aircraft type drive its dominance in the market. Furthermore, they are cost-effective. The service type segment is divided into hospital-based, independent and government. The independent segment dominated the market with a market share of around 45% in 2022. Independent segments are solely focused on offering air ambulances, which increases their efficiency and delivery time. The application segment is divided into inter-facility, organ transplant logistics, infectious disease services, rescue helicopter service, overweight patient transport, neonatal and paediatric transport and others. The rescue helicopter service segment dominated the market with a market share of around 27% in 2022. Natural disasters, or man-made disasters, accidents etc., can lead to several causalities and injured patients. Air ambulances are sought during these incidents, given that the road access is blocked with debris. The increasing number of accidents and trauma cases has also contributed to the rising demand for rescue helicopter services.
The covid-19 pandemic was associated with stringent lockdowns and restricted movement. Individuals were not allowed to gather or move beyond a specific area designated as a healthcare measure to control the virus. The restrictions left millions restless, and with the gradual opening of the economy, millions are venturing out. Thousands are enrolling in hiking, adventure sports and vacations to compensate for the time lost. Such exodus of populations for adventure increases the risk of adventure injuries, including hiking, rappelling and other accidental injuries. These injuries call for emergency medical evacuation by air ambulances, given these areas are inaccessible by roads. For instance, there are around 4000-5000 hiking incidents in the United States every year requiring emergency medical evacuation. Given the climate change crisis, the increasing instances of natural calamities like flash floods, forest fires and cyclones also call for an air ambulance for various medical needs. Therefore, the global air ambulance market will rise, given the increase in accidents and trauma cases.
