The global fixed-wing air ambulance service market size is expected to reach USD 2.00 billion by 2025, expanding at a 9.4% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Growing prevalence of chronic health conditions, such as cardiac disorders, that require immediate medical response is expected to favorably influence the market over the forecast period.
Emergency
medical services use fixed-wing or rotary-wing aircraft to transport patients
to-and-from healthcare facilities. Fixed-wing air ambulance serves to be a
safe, reliable, and quick way of transporting patients. These ambulances offer
enhanced services as compared to road ambulances by avoiding challenges of
traffic and inability to reach remote locations. Hence, they have emerged as an
effective medium for patient transport in case of emergencies.
These
ambulances are used to transport patients over long distances and for
repatriation. Rising demand for emergency medical transport and Emergency
Medical Services (EMS) has driven investments in the market. Government
initiatives directed at public healthcare reforms have been a key factor in promoting
investments in the sector, thus, fostering industry growth.
Demand
for fixed-wing air ambulances services is expected to increase on account of
growing spending capacity of people in developing countries. Initiatives
undertaken by insurance companies to include air ambulance services in their
coverage is also vital in promoting market growth.
Increasing
demand for these services has led international providers to collaborate with
healthcare providers in developing countries to expand their global footprint.
Service providers are also collaborating with various local organizations to
offer access to air ambulances for employees traveling abroad. Collaboration
with government organizations is also gaining momentum. For instance, in India,
The Municipal Corporation of Mumbai is in process of offering these services
across Mumbai and few other metro cities in India.
The
market has witnessed the emergence of publicly funded and charity based
services. These operators have been vital in providing medical support to
patients who need emergency medical assistance and in situations of natural
disasters.
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Fixed-wing Air
Ambulance Service Market Report Highlights
- Service
providers in the market have been partnering with third-party medical
escort services to offer assistance to patients onboard. The segment is
projected to exhibit a CAGR of 10.5% over the forecast period
- On the basis
of service model, the community based model is estimated to witness a CAGR
of 9.6% over the forecast period, emerging as the fastest growing segment
- Consumers of
air ambulance services are urging providers to be affiliated with
government bodies and insurance providers for increasing affordability.
This has led several insurance providers to enlist them in their insurance
coverage
- The Asia
Pacific market is expected to witness the fastest growth, can be
attributed to increased healthcare spending in the recent past. The market
is estimated to register a 12.5% CAGR during the forecast period
- Leading
industry participants include American Medical Response (AMR) and FAI
rent-a-jet AG.
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Fixed-wing Air
Ambulance Service Market Segmentation
Grand View Research has
segmented the global fixed-wing air ambulance service market on the basis of
service, service model, and region:
Fixed-Wing Air
Ambulance Service Outlook (Revenue, USD Million, 2014 - 2025)
- Medical Evacuation and Repatriation
- Medical Escort Service
Fixed-Wing Air
Ambulance Service Model Outlook (Revenue, USD Million, 2014 - 2025)
- Community-based
- Hospital-based
Regional Outlook
(Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- U.K.
- Asia Pacific
- Australia
- China
- Hong Kong
- India
- Indonesia
- Japan
- Philippines
- Malaysia
- Singapore
- Thailand
- Latin America
- Brazil
- Mexico
- MEA
- Saudi Arabia
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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