Air Ambulance Market to Reach USD 8343.4 Million by 2026 at a CAGR of 10.3% | Valuates Reports

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BANGALORE, India, July 14, 2021 /PRNewswire/ -- The Air Ambulance Market is Segmented by Type (Rotary Wing Air Ambulance Service, Fixed Wing Air Ambulance Service), by Application (Aid, Transport, Others). The report covers global opportunity analysis and industry forecasts from 2021 to 2026. It is published in Valuates Reports in the Emergency Services Category.

The global Air Ambulance market size is projected to reach USD 8343.4 Million by 2026, from USD 4200.7 Million in 2019, at a CAGR of 10.3% during 2021-2026.

Major factors driving the growth of Air ambulance market are:

• Rising prevalence of the chronic disease has surged the demand for air medical service
• Growing number of multinational hospitals equipped with proper air-ambulance services
• Increase rate of life-threatening situations especially for the geriatric population.

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TRENDS INFLUENCING THE GROWTH OF THE AIR AMBULANCE MARKET

Increasing Incidence of Chronic Diseases Expected to Surge Demand for Air Medical Services is expected to drive the growth of the air ambulance market. The need for air medical services has increased as the prevalence of chronic diseases such as diabetes, cancer, cardiovascular disease, and others has increased. Furthermore, the increased geriatric population is expected to further propel the air ambulance market. 

The requirement to maximize the use of air ambulance assets to provide better emergency care and generate more economic returns is expected to drive the air ambulance market expansion.

Superior technology improvements in onboard medical treatments have piqued the interest of major market participants, and the growing number of service providers is likely to fuel the global air ambulance market expansion. 

In addition, features such as attractive reimbursement policies increased governmental attention on improving emergency care standards, and the desire for better emergency health care services is expected to boost the air ambulance market. 

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AIR AMBULANCE MARKET SHARE ANALYSIS

In 2019, North America held the greatest revenue market share of 58 percent. It is followed by Europe due to the strong air transportation industry in these regions and the early development of air medical care in these countries. 

The rotary-wing segment is expected to be the most lucrative during the forecast period. The cost-effectiveness and quick response time of helicopter-based air ambulance services are the key benefits. Helicopters are used to transport people in emergency situations, particularly when a speedy reaction is required.

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AIR AMBULANCE MARKET SEGMENTS

By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa.

Air Ambulance Breakdown Data by Type

• Rotary Wing Air Ambulance Service
• Fixed Wing Air Ambulance Service.

Air Ambulance Breakdown Data by Application

• Aid
• Transport
• Others.

Top Companies in the Air Ambulance Market:

The Top 5 players in the air ambulance market accounted for 38% of the market share in 2019, which shows the market is not concentrated and each region has local players competing in the market.

Air Methods maintained its first place in the ranking in 2019, followed by Global Medical Response. 

Other top companies in the air ambulance market are:

• Air Methods
• Global Medical Response
• PHI
• Rega
• DRF Luftrettung
• ADAC Luftrettung GmbH
• Royal Flying Doctor Service
• LPR
• Scandinavian Air Ambulance
• REVA Air Ambulance
• FAI
• Tyrol Air Ambulance
• NAKANIHON AIR
• Capital Air Ambulance
• Airmed International
• Aero Asahi Corporation
• Brasil Vida Taxi Aereo
• Redstar Aviation
• Alpha Star
• Sarpa
• Deer Jet
• Capital Helicopter
• Universal Air Evac.

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SIMILAR REPORTS

- The global Fixed-wing Air Ambulance Service market is projected to reach USD 1409.2 Million by 2027, from USD 950.6 Million in 2020, at a CAGR of 5.3% during 2021-2027.

- Ambulance Services Market is segmented by Type, Ground Ambulance Services, Air Ambulance Services, Water Ambulance Services, by ApplicationPersonal, Family, Enterprise and by various regions.

- Air Medical Transport Market is segmented by Type Rotary Wing Air Medical Transport Service, Fixed Wing Air Medical Transport Service, by Application Aid Applications, Transport Applications, Doctor's Attendance Application and by various regions.

- In 2020, the global Emergency Ambulance market was USD 2281 Million and it is expected to reach USD 2426.5 Million by the end of 2027, with a CAGR of 1.0% during 2021-2027.

- The global Ambulance and Emergency Equipment market is projected to reach USD 6814.6 Million by 2027, from USD 5263.1 million in 2020, at a CAGR of 4.4% during 2021-2027.

- Water Ambulance Services Market is segmented by Type Advanced Life Support (ALS) Ambulance Services, Basic Life Support (BLS) Ambulance Services, by Application Emergency Ambulance Services, Non-Emergency Ambulance Services and by various regions.

- Ambulance Billing Software Market is segmented by Type, Cloud Based, Web Based, by Application Land Ambulance, Air Ambulance, Water Ambulance and by various regions.

- Ambulance Box Market is segmented by Type, Common Type, Special Type, by Application House & Office Hold, Transportation, Sports, Industrial & manufacturing facilities, Military, Outdoor and by various regions.

- Non-Ambulance Emergency Stretchers Market is segmented by Type Wheeled Stretcher, Folding & Basket Stretcher, Shovel Stretcher, by Application Community First-aid, Hospital and by various regions.

- Ambulance Cots Market is segmented by Type Retractable Head, Unretractable Head, by Application, Hospital, Fire Department and by various regions.

- Ambulance Stretcher Market is segmented by Type, Aluminum, Plastic, by Application Emergency Department, Mortuary, Sports and by various regions.

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