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At a CAGR of 9.4%, Air Ambulance Services Market to Surpass Us$ 9,270.0 Million Globally by End of 2027, Says Coherent Market Insights (CMI)

January 13, 2021 GMT

SEATTLE--(BUSINESS WIRE)--Jan 13, 2021--

According to Coherent Market Insights, the global air ambulance services market is estimated to be valued at US$ 4,934.9 million in 2020 and is expected to exhibit a CAGR of 9.4% over the forecast period (2020-2027).

Key Trends and Analysis of the Global Air Ambulance Services Market:


Key trends in the market include increasing strategic initiatives undertaken by key players such as collaborations, service portfolio expansion, and partnerships with business firms, sports, and entertainment events.

For instance, in February 2018, Air Medical Group Holdings announced about addition of 21 longstanding airbus helicopters to its fleet for air medical transport missions.

Furthermore, in May 2017, Air Med launched its first helicopter base in Silsbee, Texas. It is a twin engine, single pilot IFR EC135 with night vision goggle facility to provide air ambulance services in Texas.

Some key players operating in the market are focusing on geographical expansion, in order to increase their market presence. For instance, in February 2019, Mercy Air, a division of Air Methods, announced opening of Mercy Air 66, a new base that will provide air medical services to the Barstow community. The new base will be located at the former site of the Barstow Community Hospital, U.S.

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Furthermore, key players operating in the market are focused on adopting acquisition and collaboration strategies, in order to expand their service offerings in markets. For instance, in May 2018, LifeSave KūPono, a critical care air ambulance company, acquired AMR’s Air Ambulance Operations in Hawaii. Also known as AirMD, LLC d/b/a LifeTeam, LifeSave has worked in partnership with AMR on Hawaii operations since 2013. With this acquisition, LifeSave expanded its air ambulance services in Hilo, Honolulu, and Maui, which helps them to increase their market share in the global market.


Key Market Takeaways:

The global air ambulance services market is expected to exhibit a CAGR of 9.4% over the forecast period, owing to improving global economy, increasing per capita health expenditure, availability of reimbursement plans, and rising prevalence of life threatening diseases such as diabetes, HIV, and others, which are expected to drive the market growth over the forecast period. For instance, according to the International Diabetes Federation report published in November 2019, around 463 million adults between the age group of 20 to 79 years were diagnosed with diabetes and it is estimated that the total diabetes population will reach nearly 700 million by 2045 globally.

North America is expected to hold a dominant position in the global market, owing to presence of key service providers in the region such as Aero Care, Travel Care International, Angel MedFlight, and others, and accessibility to supportive infrastructure for air medical transport

Competitive Landscape:

Key players operating in the global air ambulance services market include Air Methods Corporation, Deccan Charters, Scandinavian Air Ambulance, Air Ambulance Specialists, Air Charter Service, Envision Healthcare Companies, Falck Danmark A/S, AMR Air Ambulance, AirMed International, and Express Aviation Services.

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Market Segmentation:

  • Global Air Ambulance Services Market, By Service Type:
    • Hospital-based Services
    • Community-based Services
  • Global Air Ambulance Services Market, By Aircraft Type:
    • Helicopter
    • Drone Ambulance
    • Aircraft/Airplane
      • Rotary Winged Aircraft
      • Fixed Winged Aircraft
    • Seaplanes
  • Global Air Ambulance Services Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210113005366/en/


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Coherent Market Insights








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SOURCE: Coherent Market Insights

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PUB: 01/13/2021 09:20 AM/DISC: 01/13/2021 09:20 AM