Air Ambulance Services Global Market is Projected to Increase Revenues Growth, Business Insights, Future Demand and Forecast 2024-2033 | IAS Medical Ltd., CareFlight, Eagle Air Medical, LifeNet Health, Metro Aviation Inc.

Overview and Scope
Air ambulance service refers to patient medical transportation by helicopter or airplane. Air ambulance services are helpful to quickly transfer critically injured patients from one place to another who require urgent medical attention from a better healthcare facility.

Sizing and Forecast
The air ambulance services market size has grown strongly in recent years. It will grow from $17.09 billion in 2023 to $18.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to geographic challenges and inaccessibility, increased incidence of critical illnesses, trauma and accident rates, growth of medical tourism, expansion of healthcare infrastructure, aging population.

The air ambulance services market size is expected to see strong growth in the next few years. It will grow to $22.39 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to global health crises and pandemics, regulatory support for air ambulance operations, population health management strategies, focus on critical care capabilities, climate change and natural disaster preparedness. Major trends in the forecast period include remote patient monitoring, integration of unmanned aerial vehicles, partnerships with healthcare systems, innovation in payment and insurance models, in-flight medical consultations.

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Segmentation & Regional Insights
The air ambulance services market covered in this report is segmented –
1) By Type: Rotary-Wing, Fixed-Wing
2) By Service Type: Domestic, International
3) By Service Operator: Hospital Based, Independent, Government
4) By Application: Inter-Facility, Rescue Helicopter Service, Organ Transplant Logistics, Overweight Patient Transport, Infectious Disease Service, Neonatal Transport, Patient Transport, Other Applications

North America was the largest region in the air ambulance services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global air ambulance services market during the forecast period. The regions covered in the air ambulance services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The growing cases of chronic diseases are expected to propel the growth of the air ambulance services market going forward. Chronic diseases are medical conditions or illnesses that persist over an extended period and often develop gradually. Air ambulance services are used to quickly transport critical patients with chronic conditions for specialized medical treatment via aircraft or helicopters. For instance, according to the world health organization (WHO), in 2021, an estimated of 10.6 million people are infected with tuberculosis globally, and 1.6 million died. Further, 1.5 million people acquired HIV in 2021 while 650,000 people lost their lives due to it. Therefore, the growing cases of chronic diseases are driving the air ambulance services market.

Key Industry Players
Major companies operating in the air ambulance services market report are Petroleum Helicopters International Inc., Babcock International Group plc, REVA Inc. – Air Medical Group Holdings, Acadian Ambulance Service Inc., Air Methods Corporation, Express Aviation Holdings Inc., American Medical Response, Lifeguard Ambulance Service LLC, IAS Medical Ltd., American Air Ambulance, Gulf Helicopters Company, European Air Ambulance, Air Charter Services Pvt. Ltd., California Shock Trauma Air Rescue, AirMed International LLC, Guardian Air (Pty) Ltd., AirLink Ambulance USMX, Life Flight Network, Medicopter Air Ambulance, Shoal Creek EMS, Air Evac Lifeteam, Global Medical Response, Air Care, Sky Medical Transport, REACH Air Medical Services, ARCH Air Medical Service, CareFlight, Eagle Air Medical, LifeNet Health, Metro Aviation Inc.

The air ambulance services market report table of contents includes:
1. Executive Summary