The global fixed wing air ambulance service market size was USD 6.2 Billion in 2022 and is expected to register a revenue CAGR of 12.3% over the forecast period, according to the latest report by Reports and Data.
The market is growing due to technical advancements and the growing accessibility of advanced medical equipment on board air ambulances. The growing acceptability of air ambulance services by both patients and medical professionals is a significant driver boosting market revenue. With the use of air ambulance services, patients may be rapidly treated and evacuated to specialist medical facilities, greatly increasing their prospects of survival and recovery. Increasing demand for these services in established countries like North America and Europe as well as in emerging regions like Asia-Pacific and Africa is anticipated to fuel market revenue growth over the course of the projected period.
One of the primary reasons driving market revenue growth is rising need for timely and effective medical services, particularly in rural and isolated locations. The demand for faster patient transfer from one area to another is growing increasingly pressing as the frequency of medical crises rises. The growing demand for speedy and efficient patient transfer to specialist medical institutions is driving up the demand for air ambulance services. Technology advancements and the increasing availability of high-end medical equipment aboard air ambulances are important drivers driving market revenue growth. Patients can get rapid medical care and be evacuated to specialist medical institutions with the help of air ambulance services, increasing their chances of survival and recovery dramatically.
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Some of the prominent players profiled in the global fixed wing air ambulance service market include Air Medical Group Holdings, Air Methods Corporation, PHI Air Medical, REVA Air Ambulance, Air Ambulance Worldwide, Aeromedevac, Angel MedFlight, CAMTS Air Ambulance, Global Medical Response, International SOS, King Air Ambulance, Lifeflight of Maine, Medical Air Services, Omniflight Helicopters, and Stat-Air Medical Transport.
Some Key Highlights from the Report
- The critical care services segment is predicted to generate the most revenue throughout the projected period. Critical care air ambulance services are designed for patients who require the most intense and sophisticated medical treatment while traveling, and demand for such services is increasing as the prevalence of chronic illnesses, an aging population, and a higher frequency of severe trauma cases rise. Patients with complicated medical illnesses such as organ failure, severe trauma, and neurological crises that require continual monitoring and intervention during transport are included in the critical care section. As a result, critical care air ambulance services need the use of specialized medical equipment, highly qualified medical professionals, and a high degree of care and attention, all of which raises the service cost. Specialized medical equipment like as ventilators, dialysis machines, and Extracorporeal Membrane Oxygenation (ECMO) devices may be used in critical care air ambulance services. Because of the high degree of medical care necessary, critical care air ambulance services are often the most expensive. These factors are projected to boost the segment's revenue growth throughout the forecast period.
- The hospital segment is predicted to have the greatest revenue CAGR throughout the projection period. Hospitals are a key end-user of air ambulance services for transporting patients from one hospital to another or between medical institutions. Increasing demand for patient transportation in both emerging and established nations is one of the primary reasons driving the segment's revenue development.
- The turboprop segment is predicted to have strong revenue growth throughout the projection period. Turboprop aircraft are less expensive and use less fuel than jet aircraft, which is likely to promote segment revenue growth throughout the projection period. These planes are widely used for short-haul air ambulance services, where the patient must fly within the country for treatment. These are some of the primary elements influencing the segment's revenue growth.
- North America is predicted to have the highest revenue share over the projection period. Rising healthcare system developments, expanding demand for medical services, and the high incidence of chronic diseases are likely to fuel revenue growth in this region's fixed wing air ambulance services market. The United States is likely to be the largest market in North America due to its growing population, expanding demand for healthcare services, and advanced healthcare infrastructure. Increased chronic illness prevalence, an older population, and a well-established healthcare system in this region are likely to increase demand for air ambulance services. Additionally, the North American area has a large concentration of air ambulance service providers that provide a range of services such as critical care air ambulance services, neonatal care air ambulance services, and inter-facility transfer services. These providers also offer a large network of medical facilities and transportation alternatives, allowing for the efficient and timely conveyance of patients to the necessary medical facilities.
- In March 2020, PHI Air Medical unveiled a new fixed-wing air ambulance aircraft equipped with advanced medical equipment and a spacious cabin designed to accommodate patients and their families. This new aircraft is expected to provide safe and comfortable air ambulance services to patients.
- In March 2017, Air Methods Corporation acquired Air Medical Group Holdings, a leading provider of air ambulance services. This acquisition is expected to enhance Air Methods Corporation's market position and geographical reach.
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For the purpose of this report, Reports and Data has segmented the global fixed wing air ambulance service market on the basis of Type of Service Outlook, End-user Outlook, Aircraft Type Outlook, and Regional Outlook:
Type of Service Outlook (Revenue, USD Billion; 2022 - 2032)
- Basic Life Support (BLF)
- Advanced Life Support (ALS)
- Critical Care Services
- Neonatal Care Services
- Others
End-user Outlook (Revenue, USD Billion; 2022 - 2032)
- Hospitals
- Emergency Care Services
- Individuals
- Others
Aircraft Type Outlook (Revenue, USD Billion; 2022-2032)
- Turboprop
- Jet
- Helicopter
Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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