Air Ambulance Business Services on the Rise – Key Players, Growth, Trends, and Forecast (2027) Report by Mordor Intelligence

June 23, 2022 at 17:32 PM EDT

Mordor IntelligenceAir ambulances are armed with medical equipment and medical staff that offer medical care in flight, while non-medically equipped and staffed aircraft assist in transporting patients and organs. These services offer various benefits, such as convenience, flexibility, and safety. The increasing burden of chronic diseases like cardiac arrests and other emergencies is boosting the segment growth. The launch of new services is a key factor in the growth of the ambulance services market.

Ambulance Services Market Overview

The ambulance services market is expected to register a CAGR of around 8.01% during the forecast period of 2022-2027. The ambulance services market is likely to show a sharp rise due to the new ambulance service providers globally, the increasing number of accidents, the introduction of the latest ambulances, and the huge increase in hospitals due to the epidemic.

Road accidents are found to be the leading cause of death from injuries and are also the tenth leading cause of death worldwide as they now form a surprisingly significant fragment of the burden on the sick world. An estimated 1.2 million people are killed in road accidents every year, and an estimated 50 million are injured, receiving 30 to 70% of bone marrow transplants in developing countries. With increasing risks, there are also effective emergency services that lead to the timely intervention of accident victims or patients suffering from chronic illness. These timely services play an important role in healthcare. In addition, the growing number of road accidents that require urgent medical attention is increasing the market share for ambulance services.

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Ambulance Services Market - Geographical Overview

In the United States, Medicare covers both emergency and non-emergency ambulance services if it is considered medically necessary and the supplier fulfills Medicare ambulance requirements. The budding community of paramedicine in North America also contributes to the large market size in this region. According to the American Heart Association, in January 2019, stroke was the leading cause of death in the United States. Around 2.7 million people in the country live with atrial fibrillation, and around 800,000 people encounter a stroke annually due to blockage in the blood vessel which supplies blood to the brain.

Prominent air ambulance service providers are present in the United States, such as Air Methods, Acadian Companies, Air Medical Group Holdings, and PHI Air Medical. Hence, the air ambulance services segment is growing at a significant rate due to the increasing per capita healthcare expenditure and rise in the number of advanced hospitals and ER visits.

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Developments in the Ambulance Services Market

In May 2021, United States-based helicopter transport services provider Blade's Indian subsidiary launched air ambulance services amid an increase in demand.
In October 2020, Advatech Healthcare Europe launched HIPPO Mobility, the United Kingdom's first technology-driven, dedicated, asset-light, and cost-effective transportation service for disabled, elderly people, and non-emergency patients.

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Air Ambulance Business Services on the Rise – Key Players, Growth, Trends, and Forecast (2027) Report by Mordor Intelligence