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Air Ambulance Services Market 2021 : Brief Analysis of Global Industry with Forecast Growth By 2027
Global Air Ambulance Services Market is valued at USD 5010.5 Million in 2020 and expected to reach USD 9665.1 Million by 2027 with the CAGR of 9.84% over the forecast period. Rising cases of chronic diseases, growing government focus for enhancing emergency care standards and increasing healthcare expenditures are some of the major factors driving the growth of Global Air Ambulance Services Market.
A productive ambulance service has prompted on-time clinical consideration for accident casualties or patients with chronic disease, emergency medication circumstances, etc. Ambulance services are essential for transportation if there is a medical emergency. Air ambulances are furnished with inventive clinical equipment and accessories, alongside skilled clinical team prepared in providing primary medical concern to patients. Air ambulance gives the benefits over the issue of delayed travel spans and restricted remote regions arrive at that are looked in street ambulance administrations. The Federal Aviation Administration has set down severe security rules for air ambulance services. Air ambulance administrations are furnished with advanced life care services (ALS). Prior, the utilization of ambulances were fundamentally in the front line; on the other hand, with rising occurrence of a few extreme medical circumstances combined with advanced development in ambulances, their use likewise began for transportation to-and-from emergency clinics of basic patients. Air emergency vehicle benefits straightforwardly transport patients from their home or spot of accident to the medical care foundation like multispecialty hospitals.
The COVID-19 pandemic has shown a positive impact on the growth of air ambulance services market. Number of nations throughout the globe are utilizing air ambulance services to save lives after a few people died because of long travel times. Many countries throughout the world needed well-equipped clinical services to manage the growing number of emergencies that have occur because of the COVID-19 pandemic. During COVID-19 pandemic because of the lockdown limitation in different nations increased the demand of helicopter emergency medical services from healthcare facilities. The demand for air ambulance service for emergency medical services is required to be powered because of the expanding demand in the medical care sector in light of the COVID-19 pandemic.
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Air Ambulance Services Industry leading market players:
Prominent market players analyzed in the PHI Air Medical, Air Ambulance Specialists, Babcock Scandinavian Air Ambulance, Express Air Medical Transport, Lifeguard Air Ambulance, Native American Air Ambulance, Metro Aviation Inc., The Royal Flying Doctor Service, REVA Air Ambulance, Yorkshire Air Ambulance, EAA, Capital Air Ambulance, AirMed International and others.
Global air ambulance services market is segmented into vehicle type, service type, application and regions & country level. Based on vehicle type, the air ambulance services market is segmented into aircrafts/airplanes, rotary wing, fixed wing, helicopters, seaplanes and others. Based upon service type, the market is segmented into hospital services, community services, government services, and independent services and other. Based upon application, the air ambulance services market is divided into medical care, transport and others.
The regions covered in this global Air Ambulance Services market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of global Air Ambulance Services is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
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Rising Cases of Chronic Diseases, Growing Government Focus for Enhancing Emergency Care Standards and Increasing Healthcare Expenditures Drive the Market Growth
One of the major factors driving the growth of global air ambulance services market is growing cases of chronic diseases. Rising prevalence of chronic diseases which require emergency clinical consideration is the significant driving component. Chronic diseases such as cancer, diabetes, cardiovascular are the main sources of death around the world. For instance, according to the World Health Organization (WHO), chronic diseases are the main source of death around the world, representing 60% of all deaths. Chronic diseases are liable for almost 80% of deaths in medium-and low-pay nations. In addition, rising government focus regarding the improvement in emergency care standards is also supplementing the market growth. The improvement of the worldwide air ambulance services is upheld by government initiatives and participation. For instance; the Crown copyright delivered a report in July 2019, which expresses that nine air ambulance good causes in England got a subsidizing of US$ 12,878 million and it will be utilized to purchase technologically progressed equipment and development in facilities. Furthermore, increasing healthcare expenditures also drives the global air ambulance services market.
However, absence of needed infrastructure and high cost of the services may hamper the global air ambulance services market growth. In spite of that, the increasing technological developments in this field can offer more opportunities for the further growth of the global air ambulance services market over the forecast period.
Air Ambulance Services statistics:
- Air Ambulance Services Growing by 9.84% CAGR during Forecast 2019 to 2027.
- Air Ambulance Services industry Projected to Cross USD 9665.1 Million in 2027.
- The global Air Ambulance Services market is expected to grow at a significant growth rate due to the various number of driving factors.
News: Blade India Launched Air Ambulance Services
On May 26th, 2021; Blade's Indian announced the dispatch of medical emergency services the nation over, in the midst of a growing demand for air ambulance services during the pandemic. The latest services, Blade Care, are additionally open for ordinary air travel for individuals who need to travel between states, get back to their hometowns or some other spot they feel the most secure. The new administrations offer a total medevac (clinical clearing) biological system, utilizing a network of ground ambulances for both COVID-19 and non-COVID-19 patients. They expect to connect the availability concerns for the individuals who are searching for such flight services. For a consistent, clinical clearing and bed-to-bed move, the organization has partnered with 'MyHealthcare', a department medical care environment, to deal with every one of the clinical prerequisites for patients on ground and with Blade being the air transporter service network.
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North America is Expected to Dominate the Global Air Ambulance Services Market
North America is anticipated to dominate the global air ambulance services market within the forecast period owing to the COVID-19 outbreak, presence of large number of players and growing prevalence of chronic diseases in this region. Rising cases of COVID-19 which require emergency clinical services is the significant driving component in this region. For example; in April 2020, REVA Inc. announced that the organization started to give its life-saving support of the COVID-19 positive patients. The organization declared to follow all achievable steps to keep security. Consequently the organization made another isolation system in the air ambulance, the ISOVAC CAPSULES Patient Isolation Unit. In addition, presence of large number of air ambulance service providers may drive the market in this region. For example; in October 2020, Lifeguard Air ambulance Corporation auxiliary, expressed to open another activity helping base in Evergreen, Alabama, the U.S., to provide emergency air medical benefits.
Asia pacific is projected to witness a significant growth in the global air ambulance services market due to the rising demand for air ambulance services for COVID-19 patients and advancement in technology in this region. For instance; in September 2020, India's first-ever incorporated air ambulance vehicle was mutually dispatched by Kyathi and the International Critical Air Transfer Team (ICATT). The fixed-wing airplane ambulance is furnished with a separation unit to empower safe vehicle of basic patients influenced by COVID-19. In May 2020, EHang, a main producer of Autonomous Aerial Vehicles (AAV), effectively moved staff and clinical supplies in its two-seated traveller drone.
Key Benefits for Global Air Ambulance Services Market Report–
- Global Air Ambulance Services Market report covers in depth historical and forecast analysis.
- Global Air Ambulance Services Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Air Ambulance Services Market report helps to identify opportunities in market place.
- Global Air Ambulance Services Market report covers extensive analysis of emerging trends and competitive landscape.
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