The global air ambulance market is anticipated to grow at significant CAGR during the forecast period (2018 to 2025), according to a report available on Radiant Insights, Inc. Growing requirement for ambulance service that can reduce travel time and reach even remote areas is anticipated to propel demand for air ambulance. It is likely to offer advanced medical equipment and accessories along with well-trained crew to provide initial medical care in emergency cases. Stringent guidelines from federal aviation administration for air ambulance services to be equipped with advanced life care services can further propel its demand among consumers.
Rising demand for better healthcare services attributed to growing cases of chronic disorders demanding quick medical facilities can fuel market growth. Supportive policies for reimbursement and on-board assistance can influence growth of market in the forthcoming years. Improving medical infrastructure in entertainment and sports sector attributed to high disposable income can augment growth of market. Increasing investment in advanced medical support and improved medical assistance in air transportation can boost market growth during the forecast period (2018 to 2025).
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To cater to rising demand for availability of medical assistance even in remote areas, most companies are focusing on R&D activities to make air ambulances more useful. For instance, Flamingo Air recently launched new medical emergency aircraft that can carry both nurses and doctors to handle medical emergency cases in better manner.
In another instance, Irish community rapid response (ICRR) recently signed a contract with Sloane Helicopters to start Ireland’s first community air ambulance service. According to the contract, this new air ambulance service is likely to begin in August 2018. ICRR aircraft is expected to be based at Cork airport and can cover 10000-square-mile area within 20 minutes to offer medical care.
The air ambulance market can be segregated on the basis of product, end-users, and region. Based on product, the market can be bifurcated into rotary wing and fixed wing. Rotary wing services are likely to include helicopter-based medical transport services. Such services can be used in transport for shorter distances. Easy landing on streets, ground, and rooftops is likely to increase accessibility of such facilities.
On the contrary, fixed wing services can include specialized aircraft equipped with dedicated crew and advanced medical facilities. Such services can be used to transport patient to longer distances in emergency situations. Fixed-wing air ambulance can include business jets and private jets that can be customized to accommodate essential medical equipment and trained crew.
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Based on end-users, the air ambulance market can be classified into transport, doctor’s attendance, aid, and others.
Regional segmentation includes Europe, North America, India, China, Japan, Southeast Asia, Central & South America, and Middle East & Africa. In India, China, and Japan, the market is expected to witness significant growth owing to growing adoption of advanced healthcare infrastructure to enhance safety. In addition, increasing disposable income and growing investments from multinational companies in these regions can augment market growth.
In North America, the air ambulance market is anticipated to account for largest market share owing to high demand for air medical transport facilities. In addition, accessibility to supportive infrastructure for air ambulance services coupled with favorable reimbursement policies can fuel growth of market in the region.
In Europe, the market is likely to grow well during the forecast period owing to high prevalence of air ambulance service providers in the region. In addition, growing adoption of
Some of the leading companies offering air ambulances are AirMed International, Lifeguard Ambulance, Royal Flying Doctor Service, Metro Aviation, and Air Methods.
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