air ambulance services market analysis

1. Global Air Ambulance Services Market, By Service Type- Trend Analysis, Competitive Market Share & Forecast, 2021-2027

2. Global air ambulance services market size - Industry Trends & Forecast Report 2027 A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting revealed that the global air ambulance services market was worth USD 5.0 Billion in the year 2020. It is estimated to grow at the CAGR of 7.9 %, earning revenue of around USD 8.8 Billion by the end of 2027. Air Ambulance services are a form of air rescue and transportation provided to patients in the event of a serious emergency. The air ambulance, which could be a helicopter or an airplane, is equipped with all of the necessary emergency medical and first-aid equipment, as well as the tools to ensure adequate convenience and optimal healthcare.

3. Growth Drivers  Technological Advancements The use of advanced technology and patients’ inclination towards a faster and efficient mode of transportation is significantly contributing to the growth of the air ambulance services market. In the event of an accident or a medical emergency, patients are normally transported by air ambulance. Technological advancements allow for the resolution of issues such as long travel times and the challenge of accessing remote areas that road ambulances are unable to access. These air ambulances include all the primary first-aid tools and medical practitioners that can assist patients with primary medical treatment in an emergency.

4. Restraints  Operational Constraint One of the major drawbacks of air ambulance services is that the plane or jet used for transportation cannot hold all of the necessary medical equipment for treating patients while in transit. The sector's development is also being hindered by a rise in the number of air ambulance casualties, as well as high service costs and organizational constraints. Since air ambulances need routine servicing, they are more likely to crash than regular jet planes. Additionally, restricted space in the aircraft is another constraint in the air ambulance service.

5. Impact of COVID-19 The global emergency service sector has benefited from the COVID-19 outbreak. The market is expanding due to the urgent need to provide emergency treatment to COVID-19 patients during the ongoing pandemic. Additionally, ambulance service providers are multiplying around the world, fueling the growth of the market. The number of hospitals has also increased as a result of the pandemic. Furthermore, rising accident rates and the introduction of new ambulances are fueling the market's expansion. Sample Copy of the report: https://www.blueweaveconsulting.com/report/air-ambulance-services-market-report/report-sample

6. Regional Insights Based on region, the global air ambulance services market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the air ambulance services market; this has accounted for the largest revenue share. This region has the most significant air ambulance service providers; this region also has the better infrastructure, which required air medical transportation. The favorable reimbursement policies in this region are again an important factor contributing to the growth of the market.

7. Competitive Landscape The key market players in the global air ambulance services market are PHI Air Medical, Air Ambulance Specialists, Babcock Scandinavian AirAmbulance, Express Air Medical Transport, Lifeguard Air Ambulance, Native American Air Ambulance, Metro Aviation Inc., The Royal Flying Doctor Service, REVA Air Ambulance, Yorkshire Air Ambulance, EAA, Capital Air Ambulance, AirMed international and other key manufacturers.

8. Recent Development • In March 2021, Tampa General Hospital added a new Airbus EC145e to its fleet of critical care helicopters. The new helicopter has a larger cabin and faster airspeeds than the company's current primary aircraft. • In April 2021, Air Methods, the leading air medical service in the U.S., partnered with Baylor Scott & White Health to launch a base in Waco, Texas. The base will provide emergency air medical services to Temple and Bell County; Waco and McLennan County; Falls County and Coryell County.

9. Key Players Key players for Global Air Ambulance Services Market are PHI Air Medical, Air Ambulance Specialists, Babcock Scandinavian AirAmbulance, Express Air Medical Transport, Lifeguard Air Ambulance, Native American Air Ambulance, Metro Aviation Inc., The Royal Flying Doctor Service, REVA Air Ambulance, Yorkshire Air Ambulance, EAA, Capital Air Ambulnace, AirMed International and other key manufacturers.

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