Global Air Ambulance Services Market, by Service Type (Hospital-based Services and Community-based Services), By Aircraft Type (Helicopter, Drone Ambulance Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft), and Seaplanes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 4,524.7 million in 2019 and is expected to exhibit a CAGR of 9.3% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.
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Presence of favorable reimbursement policies for air ambulance services in developed economies, such as the U.S., is anticipated to drive the market growth over the forecast period. For instance, according to the statistics provided by the Government Accountability Office (GAO), the Medicare and Medicaid payments accounted for around 30.0% and 12.0% of market revenue, respectively, while private insurers accounted for approximately 50.0% out-of-pocket payments, which are rare as air ambulance service is expensive.
Furthermore key players operating in the market are focusing on strategic partnership in order to expand their geographic presence and accounting for high market share in the global market. For instance, in April 2019, Air Methods entered into partnership with Anthem Blue, a health insurance company and Blue Shield, a healthcare plan provider company. These two companies provide health coverage benefits in six states in the U.S. Under the terms of the partnership, Anthem affiliated health plan members in California, Georgia, Nevada, Colorado, Virginia and New York will receive Air Methods’ critical care air services at discounted rates.
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Key players in the air ambulance market are focusing on acquisition and collaboration with small players and investing in technologically advanced products across the globe. For instance, in April 2017, Air Medical Group Holdings, Inc. (AMGH), acquired Air Medical Resource Group (AMRG) of South Jordan, in order to increase critical care aircraft services and improve its presence in other geographies across the globe.
Browse 36 Market Data Tables and 30 Figures spread through 165 Pages and in-depth TOC on “Air Ambulance Services Market”- Global Forecast to 2027, by Service Type (Hospital-based Services and Community-based Services), By Aircraft Type (Helicopter, Drone Ambulance Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft), Seaplanes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa),
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Key Takeaways of the Global Air Ambulance Services Market:
- The global air ambulance services market is expected to exhibit a CAGR of 9.3% over the forecast period, owing to faster reach and onboard medical assistance services, and presence of favorable reimbursement policies for air ambulance services. For instance, in July 2018 the Center for Medicare and Medicaid Services maintains a national fee schedule for air ambulance service providers, which includes adjustment factors for pick-ups occurring in rural areas.
- Among service type, hospital-based services segment held a higher market share in This is attributed to increasing awareness about air ambulance services in emerging economies and rapidly developing healthcare infrastructure are expected to drive the hospital based air ambulance segment growth in the global air ambulance services market.
- Among regions, North America held a significant market share in 2019, owing to accessibility to supportive infrastructure for air medical transport, availability of reimbursement, and local presence of large number of service providers such as Aero Care, Travel Care International, Angel MedFlight, and others.
- Companies 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
Detailed Segmentation:
- Global Air Ambulance Services Market, By Service Type:
- Hospital-based Services
- Community-based Services
- Global Wearable Patch Market, By Aircraft Type:
- Helicopter
- Drone Ambulance
- Aircraft/Airplane
- Rotary Winged Aircraft
- Fixed Winged Aircraft
- Seaplanes
- Global Wearable Patch Market, By Region:
- North America
- By Service Type:
- Hospital-based Services
- Community-based Services
- By Aircraft Type:
- Helicopter
- Drone Ambulance
- Aircraft/Airplane
- Rotary Winged Aircraft
- Fixed Winged Aircraft
- Seaplanes
- By Country:
- U.S.
- Canada
- By Service Type:
- Latin America
- By Service Type:
- By Aircraft Type:
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Service Type:
- By Aircraft Type:
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Service Type:
- By Aircraft Type:
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Service Type:
- By Aircraft Type:
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Service Type:
- By Aircraft Type:
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- North America
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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 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 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
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