The global air ambulance market is growing at a significant rate, due to the mounting occurrence of chronic and infectious diseases and access to remote areas. Different type of aircraft such as helicopter, airplane, and seaplane contributed to the air ambulance market size. The market has witnessed high demand for helicopter due to its ease in landing and taking off from a smaller ground area, and it facilitates wider reach in remote areas.
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On the basis of the type of aircraft, the air ambulance market is subdivided into helicopter, airplane, and seaplane. Of both aircraft types, helicopter segment accounted the largest share in the market, due to its ease in landing and taking off from a smaller ground area, and it facilitates wider reach in remote areas.
On the basis of service, the market is subdivided into hospital-based, community-based and others. Of all the services, the hospital-based accounted the largest share in the market, as it provides air medical transportation services to multi-specialty hospitals and other healthcare centers.
The mounting extent of insurance coverage, technological advancement, and safety-related rules and regulation are the trends in the air ambulance market.
The upsurge in a number of service providers, mounting spending capability of people, and mounting occurrence of chronic and infectious diseases such as cardiac diseases are the primary growth drivers for air ambulance market.
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Moreover, advancement in healthcare technology and escalating patient inclination towards efficient and faster mode of delivery is also fueling the growth of the market. For instance, it is widely used on the warfront to rescue injured soldiers and offer emergency medical care to them.
Key players in the air ambulance market are catering the demand by collaborating with small players and investing in technologically advanced products across the globe. In April 2017, Air Medical Group Holdings, Inc. (AMGH), to acquire Air Medical Resource Group (AMRG) of South Jordan in order to increase critical care aircraft and improve its presence in other geographies. Native American Air Ambulance, Air Medical Group Holdings (AMGH) Inc., Express AirMed Transport, PHI Air Medical, IAS Medical, and REVA Air Ambulance are the key players offering air ambulance.
Source: VynZ Research
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