Air Ambulance Services Market: Information by Mission Profile (Inter-Facility Transports, Scene Response, & Other Missions), by Service Model (Hospital-Based, Community-Based, & Hybrid Model), by Aircraft Type, and by Region — Global Forecast till 2023
Air Ambulance Services Market Scenario:
Air ambulance, also termed as medevac flight, is an aircraft used for transporting patients in situations where a land-based ambulance cannot reach the location easily or quickly. It is critical in transporting patients over a distance or terrain that makes air transportation the most practical option.
Air ambulance services or air medical service s is an umbrella term covering the use of any aircraft (both fixed-wing and rotary-wing) equipped with advanced life support systems to move patients from accident/incident sites to healthcare facilities.
Changing life-style leading to rise in complicated diseases and subsequent demand for emergency medical response, and increasing accidents worldwide, especially, in remote locations and subsequent demand for immediate support are factors that positively influence air ambulance services market growth.
In addition, focus on improving healthcare sector and investments in developing air ambulance network, further boosts market growth. However, factors such as high cost of services hinders market growth.
Meanwhile, rising standards of living and initiatives provided by government in terms of insurance, reimbursements on medical charges creates promising growth opportunities for the air ambulance services market.
Air Ambulance Services Market Segmentation:
The global air ambulance services market has been segmented by mission profile, service model, aircraft type, and region. Based on mission profile, the air ambulance services market is divided into inter-facility transports, scene response, and others.
In 2017, the inter-facility segment accounted for the largest market share as it is often scheduled and is carried out on a regular basis.
Based on service model, the air ambulance services market is divided into hospital-based model, community-based model, hybrid model. In 2017, the hospital-based service model segment accounted for the largest market.
In this case the hospital provides medical personnel and management themselves and gives contract to a third-party operator only to provide aircraft and pilots.
Based on aircraft type, the air ambulance services market is divided into fixed-wing and rotary-wing. In 2017, the rotary-wing segment accounted for the largest market share as helicopters can land almost anywhere, giving them a definite advantage over slower ground travel.
The global air ambulance services market has also been segmented into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. North America is estimated to account for the largest share during the review period owing to the presence of major service providers.
Furthermore, increasing focus by companies on product innovation and technological advancements to provide better and faster services in emergency situations in the US and Canada are contributing to the high demand for air ambulance services in the North America.
The global air ambulance services market is estimated to register a CAGR of more than 8% during the forecast period of 2018 to 2023.
Air Ambulance Services Market Intended Audience
- Aircraft Medical Service Providers
- Air Ambulance Manufacturers
- Medical Equipment Suppliers
- Research Institutes
- Regulatory Bodies
Air Ambulance Services Market Key Players:
The key players in the global air ambulance services market are Air Methods Corporation (US), Air Medical Group Holdings, Inc. (US), Alpha Star Air Ambulance (Saudi Arabia), AMR Air Ambulance, Inc.
(US), Babcock Scandinavian AirAmbulance (Sweden), European Air Ambulance (Luxembourg), Express Air Medical Transport, LLC (US), IAS Medical (UK), PHI Air Medical, Inc. (US), and REVA, Inc. (US).
The report on the global air ambulance services market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.
The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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