The global air ambulance services market was valued at USD 6.50 billion in 2023 and is expected to grow from USD 7.00 billion in 2024 to USD 11.46 billion by 2032, reflecting a CAGR of 6.4% during the forecast period. North America led the market in 2023, accounting for a dominant 44.62% share, supported by robust healthcare infrastructure and high demand for emergency medical transport.
In particular, the U.S. market is poised for substantial growth, with the air ambulance services market size projected to reach approximately USD 3,957.3 million by 2032. This growth is primarily driven by the increasing need for patient airlift services, particularly in rural and remote areas, along with a surge in long-term service contracts with hospitals and insurance providers.
These trends highlight the expanding role of air ambulance services in critical care and emergency response across global healthcare systems.
List of the Companies Profiled in the Global Market for Air Ambulance Services:
Air Methods Corporation (The U.S.)
Global Medical Response Inc. (The U.S.)
Acadian Companies (The U.S.)
PHI Inc. (The U.S.)
REVA Inc. (The U.S.)
Express Aviation Services (The U.S.)
European Air Ambulance (Luxembourg)
Babcock Scandinavian Air Ambulance (Sweden)
Air Charter Services Pvt. Ltd. (India)
Gulf Helicopters (Qatar)
Information Source:
https://www.fortunebusinessinsights.com/air-ambulance-services-market-102577
What does the Report Include?
The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
DRIVING FACTORS
Rising Geriatric Population Globally to Augment Growth
According to a report by the United Nations publication, there were about 703 million people over the age of 65 years in 2019, and it is estimated that the number will rise to over 1.5 billion by 2050. The rising geriatric population presents a lucrative opportunity for the high adoption of air ambulance services to provide medical care to the elderly. Additionally, the growing prevalence of chronic disease demands an agile medical services response from the healthcare industry to treat the patients across remote areas. This is likely to boost the global air ambulance services market growth in the forthcoming years.
SEGMENTATION
Independent Segment to Hold Largest Market Share
The independent segment, based on the service operator, is expected to hold the largest share of the global market for air ambulance services backed by the increasing partnerships between community health organizations and private players.
REGIONAL INSIGHTS
North America to Remain at Forefront; Availability of Advanced Medical Services to Promote Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global emergency services market during the forecast period. This is attributable to the availability of advanced medical services, along with the presence of established air ambulance services providers in the region. North America stood at USD 2,142.8 in 2019.
The market in Asia-Pacific is expected to gain momentum owing to the increasing investment in healthcare programs by the government in countries such as India and China that is likely to boost the adoption of advanced air ambulance services in the region between 2020 and 2027.
COMPETITIVE LANDSCAPE
Prominent Companies Focus on Contract Signing to Amplify Their Market Positions
The global air ambulance services market is consolidated by the presence of several multinational companies that are focusing on securing lucrative government contracts to boost their positions and expand their air ambulance services. Furthermore, other key players are adopting strategies such as facility expansion, collaboration, and merger and acquisition to maintain their strongholds in the global marketplace.
Industry Development:
July 2020 - GAMA Aviation secures a five-year contract by the Government of Jersey and the Government of Guernsey. As per the contract, GAMA will provide its advanced and efficient air ambulance services between Channel Island and the U.K. mainland.