Air Ambulance Market
Air Ambulance Services Market Is Valued At US$ 14.7 Billion In 2022 And Is Forecasted To Touch US$ 14.24 Billion By 2030, Listing A CAGR Of 10.6% From 2022 To 2030.
The global aerostructures market is expected to witness phenomenal growth during the forecast period due to an increase in demand for aircraft to meet the growing air passenger traffic in North America, Europe, and Asia-Pacific. Moreover, improvements in aircraft design are expected to drive the growth of the global aerostructures market. Aerostructures are critical aspects of aircraft design subjected to extreme weather conditions that could cause structural fatigue. Furthermore, advancements in material sciences have enabled the use of composites in aerostructures, thereby, improving design and functionality.
Key Players
Some prominent players in the global air ambulance services market involve
AMR, PHI Air Medical, Babcock Scandinavian Air Ambulance, Express Air Medical Transport, REVA Inc., Lifeguard Ambulance Service LLC., Acadian Ambulance, IAS Medical Ltd., American Air Ambulance
Air ambulances are a unique type of aircraft, which are designed to achieve air medical services in emergencies where land-based medical help takes time to reach. Air ambulance includes aircraft and choppers, which are fitted with all the medical equipment and are intended to give medical backing at locales similar to a hilltop or at spots where road-based ambulance services don’t reach fluently. The expanded number of accidents and other life-taking threats, similar to major strokes, heart attacks, trauma, and other similar medical disorders, creates an increased demand for efficient ambulance services to be present, which ultimately leads to the growth of air ambulance services across the world.
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Market Segmentation
The Air ambulance services market is segmented based on type, service model, application, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and give the users a valuable market overview and market insights to help them in forming strategic decisions for the identification of core market applications.
Based on type, the air ambulance services market is segmented into fixed-wing aircraft and rotary-wing aircraft.
Based on the service model, the market is segmented into hospital-based, government-run, and self-sustained.
Based on application, the market is bifurcated into inter-facility, rescue helicopter services, organ transplant logistics, and others.
Based on end users, the air ambulance services market is segmented into domestic air medical rescue and international air medical rescue.
Regional Analysis
North America dominated the market in 2021 and is anticipated to avouch a major growth rate of10.8 during the forecast duration. North America has the largest number of air ambulance service providers, and the infrastructure needed for air medical transportation is also fluently accessible. In extension, the presence of favorable reimbursement programs also supports the growth of this region. Also, the presence of a large advanced healthcare structure is anticipated to drive market growth in the upcoming years.
The Asia Pacific market is anticipated to avouch the fastest growth during the forecast period. The presence of developing countries similar to China, India, and Japan is anticipated to jack the market growth in the Asia Pacific region. In extension, the fast-growing medical tourism industry in these countries can also be imputed to the increase in demand for air ambulance services in this region.
Air ambulance services can provide quicker and safer modes of relocating patients suffering from chronic illnesses and will also provide reduced delivery periods for supplying emergency medical resources. They have been tested to provide first aid, medical supplies, transfer of critical patients, and inclusion of isolation pods. The increased focus on the improvement of healthcare systems is a key driver in the air ambulance services market.
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