Air Ambulance Services Market Growth Accelerated By Increasing Demand For Emergency Medical Services

Air ambulance services provide emergency air medical transportation to critically ill or injured patients. These services assist in the transfer of patients from remote or rural areas to specialist care centers and trauma centers via helicopter or airplane. Air ambulance services help save lives by facilitating quick emergency transportation to medical facilities, which is of high importance in life-threatening medical conditions such as strokes, myocardial infarction, severe trauma injuries, respiratory failure etc.

The global Air Ambulance Services Market is estimated to be valued at US$ 7371.8 Bn  in 2023 and is expected to exhibit a CAGR of 12.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing demand for emergency medical services across the globe has been a major factor driving the growth of the air ambulance services market. According to World Health Organization estimates, nearly half of the world's population does not have access to essential surgical and trauma care and over 5 billion people lack access to safe, timely and affordable surgery. Air ambulance services help bridge this gap and ensure quick transportation of critical patients. In addition, the rising prevalence of lifestyle diseases such as cardiovascular diseases and accidents have necessitated speedy medical care, boosting the demand for air ambulance services globally. Furthermore, rising healthcare infrastructure and expenditure across developing nations are expected to present lucrative growth opportunities for players in the air ambulance services market during the forecast period.

Segment Analysis
The global air ambulance services market is dominated by fixed-wing aircraft segment. This is because fixed-wing aircrafts have longer ranges and can travel to remote and inaccessible areas in lesser time as compared to rotary-wing aircrafts which have limitations on flying range. Fixed-wing aircrafts are therefore preferred for long distance medical evacuation and inter-facility transport of critically ill patients from one healthcare facility to another.

Key Takeaways

The global Air Ambulance Services Market Demand is expected to witness high growth.

The North America region currently dominates the market due to presence of major hospitals chains and healthcare facilities in countries like US and Canada. The region is expected to continue its dominance during forecast period supported by rising geriatric population, growing prevalence of chronic diseases and increasing demand for timely medical transportation and emergencies.

Key players operating in the air ambulance services market are Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., PerkinElmer Inc., Illumina, Inc., Bio-Rad Laboratories, Inc. Thermo Fisher Scientific, Inc., LI-COR, Inc., QIAGEN, Randox Laboratories Ltd. These companies are focusing on geographical expansion and partnerships with hospitals & healthcare facilities to strengthen their presence in the market.

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