Air Medical Services Market Scope
Air medical service is a wide-ranging term covering the use of air transportation such as aeroplane or helicopter, to move patients to and from accident scenes and healthcare facilities. Staffs offer comprehensive prehospital, emergency, and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and jet aircraft or propeller aircraft. Air ambulances are equipped with medical equipment and staffed by medical professionals similar to traditional ground ambulances. Air ambulances are widely considered to have a beneficial impact on improving the chances of survival and recovery for both trauma victims and other patients in critical condition.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Air Methods (United States), American Medical Response, Inc. (United States), Air Medical Group Holdings (United States), Babcock International Group PLC (United Kingdom), CHC Helicopter (Canada), Era Group Inc. (United States), PHI, Inc. (United States), Advanced Air Ambulance (United States) and OMNI Aviation (Philippines) |
CAGR | 2.98% |
Air Medical Services market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Air Medical Services market throughout the predicted period.
Air Methods (United States), American Medical Response, Inc. (United States), Air Medical Group Holdings (United States), Babcock International Group PLC (United Kingdom), CHC Helicopter (Canada), Era Group Inc. (United States), PHI, Inc. (United States), Advanced Air Ambulance (United States) and OMNI Aviation (Philippines) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Medical Air Service (Germany), Skyalta Air Ambulance (Canada), REVA Air Ambulance, Inc. (United States) and Acadian Air Med (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Air Medical Services market by Type , by Application (Civilian and Military) and Region with country level break-up.
On the basis of geography, the market of Air Medical Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 5 Nov. 2019, Air Methods, the leading air medical service provider, announced that the American Red Cross will supply blood and plasma for all its aircraft currently unaffiliated with a regional blood center or health system. The partnership affects 98 Air Methods bases nationwide. and On 4 July 2019, Babcock, a leading air medical service provider has announced to begin a contract for Fixed Wing Air Ambulance Services in Norway.
On 4 Feb 2019, Air Methods, a leading air medical service provider has expanded air medical services into Barstow, San Bernardino County., On 5 March 2019, Air Medical Group Holdings placed an order for 21 Airbus helicopters for air medical missions. and On 2 Aug 2019, Canadian-based air medical transport company Skyservice Air Ambulance has announced that it will be rebranding to SKYALTA.
Influencing Trend:
The Trend towards Helicopter Emergency Medical Services
Market Growth Drivers:
Growing Incidences of Heart Diseases Coupled With Trauma, Rising Need for Emergency Medical Transportation and Government Initiatives towards Air Medical Services
Challenges:
lack of advanced tracking tools
Restraints:
A High Cost of Air Medical Services
Opportunities:
The Emerging Demand from Developing Countries, Low-Cost Air Medical Services and Contract Opportunities with the Government Healthcare Programs
Key Target Audience
Air Medical Service Providers, Helicopter Manufacturers, Regulatory & Government Bodies, Downstream Vendors, End Users and Others