Global Air Ambulance Market Trends:
As compared to a regular ambulance, an air ambulance is faster and has a higher capacity, which provides immediate medical care to the patients in a short period of time. There has been a continuous increase in the number of accidents in recent years, which is consequently resulting in the rising cases of severe physical and psychological trauma. This, in turn, is creating a huge demand for air ambulance, which enables emergency response teams to facilitate emergency services for critically ill patients and transferring them to an advanced health care facility. Also, air ambulance nullifies the risk of organ damage during transportation, especially when organs are urgently needed in life-saving transplant surgeries. Apart from this, advancements made in the healthcare industry have further led to the improvement of air ambulance services, which is creating a positive outlook for the market. On account of these factors, the market is expected to grow at a CAGR of around 6% during the forecast period (2019-2024).
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Key Market Segmentation:
Breakup by Vehicle Type:
• Aircrafts/Airplanes
• Rotary Wing
• Fixed Wing
• Helicopters
• Seaplanes
• Others
Based on the vehicle type, the market has been segmented into aircrafts/airplanes, helicopters, seaplanes and others.
Breakup by Service Type:
• Hospital Services
• Community Services
• Others
On the basis of the service type, the market has been classified into hospital, community and other services.
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Breakup by Application:
• Medical Care
• Transport
• Others
The market has been categorized based on the application into medical care, transport and others.
Breakup by Region:
• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America
Region-wise, the market has been segregated into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
Competitive Landscape
The competitive landscape of the market has been examined with some of the key players being PHI Air Medical, Inc., Air Ambulance Specialists Inc., Babcock Scandinavian AirAmbulance, Express Air Medical Transport, Lifeguard Air Ambulance, Inc., Native American Air Ambulance, Inc., Metro Aviation Inc., Royal Flying Doctor Service, REVA Inc., Yorkshire Air Ambulance Ltd., Experimental Aircraft Association (EAA), Capital Air Ambulance and AirMed International, LLC.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.