Air Ambulance Services Market Share, Growth, Trends - 2031
The air ambulance services market size is projected to reach US$ 20,182.23 million by 2031 from US$ 10,540.17 million in 2023. The market is expected to register a CAGR of 8.5% during 2023–2031. The increasing spending on healthcare-related services is likely to remain one of the key air ambulance services market trends.
Air Ambulance Services Market Analysis
The air ambulance services market is moderately fragmented, with the presence of a large number of players operating across different regions. The need for air ambulance services is mainly driven by higher demand during emergency medical cases wherein the patients are required to be transferred to another suitable location for their medical treatment. Various authorities across different regions have been taking initiatives to establish an air ambulance infrastructure across their respective locations. Several state governments across different countries have also been investing heavily in the construction of new helipads or runways to provide a better service for emergency medical needs. For instance, in July 2023, the state government of Maharashtra, India, announced its plans to establish 16 new helipads specifically for air ambulances on the Mumbai-Nagpur Samruddhi Expressway.
Air Ambulance Services Market Overview
Patient transport from one place to another requires significant care and coordination between patients, healthcare facilities, and transport service providers. The mode of transportation depends on the patient's medical condition and hospital location. Factors such as required medical equipment, distance, patient mobility, and cost of addressing. With proper communication and planning between transport teams, healthcare, and patients to be moved safely. Private equity companies control around two-thirds of both the fixed-wing and helicopter air ambulance markets worldwide. Air ambulance services have gained popularity for several purposes, including patient transfer to hospitals, medical tourism, international patient care, and organ transplantation. Air ambulances ensure safe transportation of the organs for transplantation and enhance the success rates of organ transplantation surgeries. Several companies are adopting these air ambulance services across the world. For instance, in January 2024, ICATT India's Bengaluru base had 15 fixed-wing aircraft and 2 helicopters for international and domestic transfers. The company offers 1–2 domestic patient transfers per day and 3 international trips per week in India. The increasing adoption of air ambulance services for patient care and patient transfer from hospital to hospital created a massive demand for air ambulance services.
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Air Ambulance Services Market: Strategic Insights
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Air Ambulance Services Market Drivers and Opportunities
Increasing Procurement of Fixed Wing Aircraft to Provide Air Ambulance Services
Fixed-wing aircraft are used to transport patients at longer distances. The increase in government initiatives and programs to provide air ambulance services is the major driving factor for the market. For instance, in March 2024, the Maldives President launched air ambulance services in the country. The Ministry of Health in Maldives has launched a paper regarding the starting of the operation of air ambulance services in the Maldives. In November 2023, the government of Ontario added four more fixed-wing Pilatus PC-12 aircraft for Ornge's air ambulance services. The total fixed-wing aircraft order reached 12, worth over US$ 108 million. Air ambulance services include patient transfer, newborn baby transfer, pediatric emergency transportation services, bariatric patient operations, extracorporeal oxygenation operations, intra-aortic balloon pump operations, and over-water aeromedical transportation. Therefore, the increasing procurement of fixed-wing aircraft to provide air ambulance services drives the market growth.
Focus on Providing Air Ambulance Services in Rural Areas
Rural hospitals are struggling with several problems, including the shortage of physicians, the lack of medical appliances, and the absence of emergency medical services. Hence, various companies are taking initiatives to provide air ambulance services for rural communities across the globe. For instance, Air Methods, an air ambulance service provider based in Colorado, US, spends a significant amount on transferring patients from rural hospitals. Further, there has been an increase in government initiatives and funding for air ambulance services across rural areas. For instance, in June 2023, US government authorities launched the No Support Legislation Act to improve access to emergency air medical services for rural communities in America. This Americans Act uses data collected under the No Surprises Act to offer reimbursement rates for emergency air services for rural communities across the US. Air ambulances offer lifesaving services, especially for the many rural areas in Kansas. The rising focus on providing air ambulance services in rural areas across the globe is expected to create ample opportunity for air ambulance services market growth.
Air Ambulance Services Market Report Segmentation Analysis
Key segments that contributed to the derivation of the air ambulance services market analysis are aircraft type, service model, and end user.
- Based on aircraft type, the air ambulance services market is divided into rotary wing and fixed wing. The rotary wing segment held a larger market share in 2023.
- By service model, the market is segmented into hospital-based, government run, and independent. The hospital-based segment held the largest share of the market in 2023.
- In terms of end user, the market is bifurcated into domestic and international. The domestic segment dominated the market in 2023.
Air Ambulance Services Market Share Analysis by Geography
The geographic scope of the air ambulance services market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the air ambulance services market. The growing healthcare infrastructure in terms of building new multi-specialty hospitals and care centers, along with a rising focus on healthcare facilities such as emergency medical assistance services, is anticipated to boost the air ambulance services market growth in North America. The mounting prevalence of chronic diseases such as cardiovascular diseases, cancer, and stroke and the growing consumer preference for emergency medical services for improved and immediate medical attention are factors contributing to the dominance of the North America air ambulance services market. Asia Pacific is anticipated to register the highest CAGR in the coming years.
Air Ambulance Services Market News and Recent Developments
The air ambulance services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for air ambulance services:
- TrustAir Aviation and ARworks, two Hungarian companies, have jointly developed a unique and innovative VR training application for simulating the specific conditions of air medical transport. This ground-breaking application allows for the use and exploitation of VR technology and the benefits provided by artificial intelligence in a healthcare context that has not been utilized before.
- FAI rent-a-jet GmbH's Air Ambulance Division announced it has received Commercial Airline Medical Escort (CAME) accreditation from the European Aeromedical Institute (EURAMI) for its Dubai-based medical escort service. This follows FAI's accreditation as an approved EURAMI provider in early 2023. The CAME endorsement accredits aero-medical providers performing patient transfers, like FAI, to transport patients seated in the cabin or on a designated stretcher. FAI is the first private company in the GCC with EURAMI CAME accreditation and the only European fixed-wing operator to receive both the CAME accreditation and the EURAMI-approved provider accreditation in the GCC.
Air Ambulance Services Market Report Scope
Air Ambulance Services Market Report Coverage and Deliverables
The "Air Ambulance Services Market Size and Forecast (2023–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Increasing spending on healthcare-related services and the rising prevalence of chronic diseases are acting as major driver for air ambulance services.
Air Methods, Aero-Dienst GmbH, Airlec Air Espace, Babcock International Group Plc, Trust Air Aviation Ltd, FAI Aviation Group, IAS Medical, Medical Air Service, PHI Air Medical, and Quick Air Jet Charter GmbH are the key market players operating in the global air ambulance services market.
North America is one of the major regions in the air ambulance services market owing to mounting prevalence of chronic diseases.
Growing investment in healthcare industry and increasing prevalence of chronic diseases are acting as major drivers for the air ambulance services market.
Patient transport from one place to another requires significant care and coordination between patients, healthcare facilities, and transport service providers. The mode of transportation depends on the patient's medical condition and hospital location. Factors such as required medical equipment, distance, patient mobility, and cost of addressing. With proper communication and planning between transport teams, healthcare, and patients to be moved safely. Private equity companies control around two-thirds of both the fixed-wing and helicopter air ambulance markets worldwide. Air ambulance services have gained popularity for several purposes, including patient transfer to hospitals, medical tourism, international patient care, and organ transplantation. Air ambulances ensure safe transportation of the organs for transplantation and enhance the success rates of organ transplantation surgeries. Several companies are adopting these air ambulance services across the world.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Air Ambulance Services Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.3.1 Overview
4.3.1.1 Air Ambulance Service Providers:
4.3.1.2 Medical Partners:
4.3.1.3 End User:
4.3.2 List of Vendors in the Value Chain
5. Air Ambulance Services Market – Key Market Dynamics
5.1 Air Ambulance Services Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Spending on Healthcare-Related Services
5.2.2 Rising Prevalence of Chronic Diseases
5.2.3 Increasing Procurement of Fixed Wing Aircraft to Provide Air Ambulance Services
5.3 Market Restraints
5.4 Market Opportunities
5.5 Future Trends
5.5.1 Infrastructure Development of Hospitals to Cater to Air Ambulance Services
5.5.2 Rising Adoption of Air Ambulance Services for Transportation of Patients
5.6 Impact of Drivers and Restraints:
6. Air Ambulance Services Market – Global Market Analysis
6.1 Air Ambulance Services Market Revenue (US$ Million), 2021–2031
6.2 Air Ambulance Services Market Forecast Analysis
7. Air Ambulance Services Market Analysis – by Aircraft Type
7.1 Rotary Wing
7.1.1 Overview
7.1.2 Rotary Wing: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Fixed Wing
7.2.1 Overview
7.2.2 Fixed Wing: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
8. Air Ambulance Services Market Analysis – by Service Model
8.1 Hospital-Based
8.1.1 Overview
8.1.2 Hospital-Based: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Government Run
8.2.1 Overview
8.2.2 Government Run: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Independent
8.3.1 Overview
8.3.2 Independent: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
9. Air Ambulance Services Market Analysis – by End User
9.1 Domestic
9.1.1 Overview
9.1.2 Domestic: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
9.2 International
9.2.1 Overview
9.2.2 International: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10. Air Ambulance Services Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Air Ambulance Services Market Overview
10.2.2 North America: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: Air Ambulance Services Market Breakdown, by Aircraft Type
10.2.3.1 North America: Air Ambulance Services Market – Revenue and Forecast Analysis – by Aircraft Type
10.2.4 North America: Air Ambulance Services Market Breakdown, by Service Model
10.2.4.1 North America: Air Ambulance Services Market – Revenue and Forecast Analysis – by Service Model
10.2.5 North America: Air Ambulance Services Market Breakdown, by End User
10.2.5.1 North America: Air Ambulance Services Market – Revenue and Forecast Analysis – by End User
10.2.6 North America: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: Air Ambulance Services Market Breakdown, by Aircraft Type
10.2.6.2.2 United States: Air Ambulance Services Market Breakdown, by Service Model
10.2.6.2.3 United States: Air Ambulance Services Market Breakdown, by End User
10.2.6.3 Canada: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: Air Ambulance Services Market Breakdown, by Aircraft Type
10.2.6.3.2 Canada: Air Ambulance Services Market Breakdown, by Service Model
10.2.6.3.3 Canada: Air Ambulance Services Market Breakdown, by End User
10.2.6.4 Mexico: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: Air Ambulance Services Market Breakdown, by Aircraft Type
10.2.6.4.2 Mexico: Air Ambulance Services Market Breakdown, by Service Model
10.2.6.4.3 Mexico: Air Ambulance Services Market Breakdown, by End User
10.3 Europe
10.3.1 Europe Air Ambulance Services Market Overview
10.3.2 Europe: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: Air Ambulance Services Market Breakdown, by Aircraft Type
10.3.3.1 Europe: Air Ambulance Services Market – Revenue and Forecast Analysis – by Aircraft Type
10.3.4 Europe: Air Ambulance Services Market Breakdown, by Service Model
10.3.4.1 Europe: Air Ambulance Services Market – Revenue and Forecast Analysis – by Service Model
10.3.5 Europe: Air Ambulance Services Market Breakdown, by End User
10.3.5.1 Europe: Air Ambulance Services Market – Revenue and Forecast Analysis – by End User
10.3.6 Europe: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 Germany: Air Ambulance Services Market Breakdown, by Aircraft Type
10.3.6.2.2 Germany: Air Ambulance Services Market Breakdown, by Service Model
10.3.6.2.3 Germany: Air Ambulance Services Market Breakdown, by End User
10.3.6.3 France: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 France: Air Ambulance Services Market Breakdown, by Aircraft Type
10.3.6.3.2 France: Air Ambulance Services Market Breakdown, by Service Model
10.3.6.3.3 France: Air Ambulance Services Market Breakdown, by End User
10.3.6.4 Italy: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 Italy: Air Ambulance Services Market Breakdown, by Aircraft Type
10.3.6.4.2 Italy: Air Ambulance Services Market Breakdown, by Service Model
10.3.6.4.3 Italy: Air Ambulance Services Market Breakdown, by End User
10.3.6.5 United Kingdom: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 United Kingdom: Air Ambulance Services Market Breakdown, by Aircraft Type
10.3.6.5.2 United Kingdom: Air Ambulance Services Market Breakdown, by Service Model
10.3.6.5.3 United Kingdom: Air Ambulance Services Market Breakdown, by End User
10.3.6.6 Russia: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Russia: Air Ambulance Services Market Breakdown, by Aircraft Type
10.3.6.6.2 Russia: Air Ambulance Services Market Breakdown, by Service Model
10.3.6.6.3 Russia: Air Ambulance Services Market Breakdown, by End User
10.3.6.7 Rest of Europe: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: Air Ambulance Services Market Breakdown, by Aircraft Type
10.3.6.7.2 Rest of Europe: Air Ambulance Services Market Breakdown, by Service Model
10.3.6.7.3 Rest of Europe: Air Ambulance Services Market Breakdown, by End User
10.4 Asia Pacific
10.4.1 Asia Pacific Air Ambulance Services Market Overview
10.4.2 Asia Pacific: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: Air Ambulance Services Market Breakdown, by Aircraft Type
10.4.3.1 Asia Pacific: Air Ambulance Services Market – Revenue and Forecast Analysis – by Aircraft Type
10.4.4 Asia Pacific: Air Ambulance Services Market Breakdown, by Service Model
10.4.4.1 Asia Pacific: Air Ambulance Services Market – Revenue and Forecast Analysis – by Service Model
10.4.5 Asia Pacific: Air Ambulance Services Market Breakdown, by End User
10.4.5.1 Asia Pacific: Air Ambulance Services Market – Revenue and Forecast Analysis – by End User
10.4.6 Asia Pacific: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.4.6.2 Australia: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 Australia: Air Ambulance Services Market Breakdown, by Aircraft Type
10.4.6.2.2 Australia: Air Ambulance Services Market Breakdown, by Service Model
10.4.6.2.3 Australia: Air Ambulance Services Market Breakdown, by End User
10.4.6.3 China: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 China: Air Ambulance Services Market Breakdown, by Aircraft Type
10.4.6.3.2 China: Air Ambulance Services Market Breakdown, by Service Model
10.4.6.3.3 China: Air Ambulance Services Market Breakdown, by End User
10.4.6.4 India: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 India: Air Ambulance Services Market Breakdown, by Aircraft Type
10.4.6.4.2 India: Air Ambulance Services Market Breakdown, by Service Model
10.4.6.4.3 India: Air Ambulance Services Market Breakdown, by End User
10.4.6.5 Japan: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 Japan: Air Ambulance Services Market Breakdown, by Aircraft Type
10.4.6.5.2 Japan: Air Ambulance Services Market Breakdown, by Service Model
10.4.6.5.3 Japan: Air Ambulance Services Market Breakdown, by End User
10.4.6.6 South Korea: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 South Korea: Air Ambulance Services Market Breakdown, by Aircraft Type
10.4.6.6.2 South Korea: Air Ambulance Services Market Breakdown, by Service Model
10.4.6.6.3 South Korea: Air Ambulance Services Market Breakdown, by End User
10.4.6.7 Rest of APAC: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: Air Ambulance Services Market Breakdown, by Aircraft Type
10.4.6.7.2 Rest of APAC: Air Ambulance Services Market Breakdown, by Service Model
10.4.6.7.3 Rest of APAC: Air Ambulance Services Market Breakdown, by End User
10.5 Middle East and Africa
10.5.1 Middle East and Africa Air Ambulance Services Market Overview
10.5.2 Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: Air Ambulance Services Market Breakdown, by Aircraft Type
10.5.3.1 Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast Analysis – by Aircraft Type
10.5.4 Middle East and Africa: Air Ambulance Services Market Breakdown, by Service Model
10.5.4.1 Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast Analysis – by Service Model
10.5.5 Middle East and Africa: Air Ambulance Services Market Breakdown, by End User
10.5.5.1 Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast Analysis – by End User
10.5.6 Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 South Africa: Air Ambulance Services Market Breakdown, by Aircraft Type
10.5.6.2.2 South Africa: Air Ambulance Services Market Breakdown, by Service Model
10.5.6.2.3 South Africa: Air Ambulance Services Market Breakdown, by End User
10.5.6.3 Saudi Arabia: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: Air Ambulance Services Market Breakdown, by Aircraft Type
10.5.6.3.2 Saudi Arabia: Air Ambulance Services Market Breakdown, by Service Model
10.5.6.3.3 Saudi Arabia: Air Ambulance Services Market Breakdown, by End User
10.5.6.4 UAE: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 UAE: Air Ambulance Services Market Breakdown, by Aircraft Type
10.5.6.4.2 UAE: Air Ambulance Services Market Breakdown, by Service Model
10.5.6.4.3 UAE: Air Ambulance Services Market Breakdown, by End User
10.5.6.5 Rest of Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Air Ambulance Services Market Breakdown, by Aircraft Type
10.5.6.5.2 Rest of Middle East and Africa: Air Ambulance Services Market Breakdown, by Service Model
10.5.6.5.3 Rest of Middle East and Africa: Air Ambulance Services Market Breakdown, by End User
10.6 South America
10.6.1 South America Air Ambulance Services Market Overview
10.6.2 South America: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.6.3 South America: Air Ambulance Services Market Breakdown, by Aircraft Type
10.6.3.1 South America: Air Ambulance Services Market – Revenue and Forecast Analysis – by Aircraft Type
10.6.4 South America: Air Ambulance Services Market Breakdown, by Service Model
10.6.4.1 South America: Air Ambulance Services Market – Revenue and Forecast Analysis – by Service Model
10.6.5 South America: Air Ambulance Services Market Breakdown, by End User
10.6.5.1 South America: Air Ambulance Services Market – Revenue and Forecast Analysis – by End User
10.6.6 South America: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South America: Air Ambulance Services Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: Air Ambulance Services Market Breakdown, by Aircraft Type
10.6.6.2.2 Brazil: Air Ambulance Services Market Breakdown, by Service Model
10.6.6.2.3 Brazil: Air Ambulance Services Market Breakdown, by End User
10.6.6.3 Rest of South America: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Rest of South America: Air Ambulance Services Market Breakdown, by Aircraft Type
10.6.6.3.2 Rest of South America: Air Ambulance Services Market Breakdown, by Service Model
10.6.6.3.3 Rest of South America: Air Ambulance Services Market Breakdown, by End User
11. Competitive Landscape
11.1 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Air Methods
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Aero-Dienst GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Babcock International Group Plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 IAS Medical
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Medical Air Service
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 PHI Air Medical
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Quick Air Jet Charter GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 FAI Aviation Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Airlec Air Espace
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 TrustAir Aviation Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. Air Ambulance Services Market Segmentation
Table 2. Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
Table 3. Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million) – by Aircraft Type
Table 4. Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million) – by Service Model
Table 5. Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 6. North America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 7. North America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 8. North America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 9. North America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 10. United States: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 11. United States: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 12. United States: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 13. Canada: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 14. Canada: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 15. Canada: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 16. Mexico: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 17. Mexico: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 18. Mexico: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 19. Europe: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 20. Europe: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 21. Europe: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 22. Europe: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 23. Germany: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 24. Germany: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 25. Germany: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 26. France: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 27. France: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 28. France: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 29. Italy: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 30. Italy: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 31. Italy: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 32. United Kingdom: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 33. United Kingdom: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 34. United Kingdom: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 35. Russia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 36. Russia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 37. Russia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 38. Rest of Europe: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 39. Rest of Europe: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 40. Rest of Europe: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 41. Asia Pacific: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 42. Asia Pacific: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 43. Asia Pacific: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 44. Asia Pacific: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 45. Australia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 46. Australia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 47. Australia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 48. China: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 49. China: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 50. China: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 51. India: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 52. India: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 53. India: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 54. Japan: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 55. Japan: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 56. Japan: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 57. South Korea: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 58. South Korea: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 59. South Korea: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 60. Rest of APAC: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 61. Rest of APAC: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 62. Rest of APAC: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 63. Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 64. Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 65. Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 66. Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 67. South Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 68. South Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 69. South Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 70. Saudi Arabia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 71. Saudi Arabia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 72. Saudi Arabia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 73. UAE: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 74. UAE: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 75. UAE: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 76. Rest of Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 77. Rest of Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 78. Rest of Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 79. South America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 80. South America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 81. South America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 82. South America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 83. Brazil: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 84. Brazil: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 85. Brazil: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 86. Rest of South America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Aircraft Type
Table 87. Rest of South America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Model
Table 88. Rest of South America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
List of Figures
Figure 1. Air Ambulance Services Market Segmentation, by Geography
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Air Ambulance Services Market Revenue (US$ Million), 2021–2031
Figure 6. Air Ambulance Services Market Share (%) – by Aircraft Type (2023 and 2031)
Figure 7. Rotary Wing: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Fixed Wing: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Air Ambulance Services Market Share (%) – by Service Model (2023 and 2031)
Figure 10. Hospital-Based: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Government Run: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Independent: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Air Ambulance Services Market Share (%) – by End User (2023 and 2031)
Figure 14. Domestic: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. International: Air Ambulance Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Air Ambulance Services Market Breakdown by Region, 2023 and 2031 (%)
Figure 17. North America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 18. North America: Air Ambulance Services Market Breakdown, by Aircraft Type (2023 and 2031)
Figure 19. North America: Air Ambulance Services Market Breakdown, by Service Model (2023 and 2031)
Figure 20. North America: Air Ambulance Services Market Breakdown, by End User (2023 and 2031)
Figure 21. North America: Air Ambulance Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 22. United States: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Canada: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Mexico: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Europe: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. Europe: Air Ambulance Services Market Breakdown, by Aircraft Type (2023 and 2031)
Figure 27. Europe: Air Ambulance Services Market Breakdown, by Service Model (2023 and 2031)
Figure 28. Europe: Air Ambulance Services Market Breakdown, by End User (2023 and 2031)
Figure 29. Europe: Air Ambulance Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 30. Germany: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. France: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Italy: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. United Kingdom: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Russia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Rest of Europe: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. Asia Pacific: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. Asia Pacific: Air Ambulance Services Market Breakdown, by Aircraft Type (2023 and 2031)
Figure 38. Asia Pacific: Air Ambulance Services Market Breakdown, by Service Model (2023 and 2031)
Figure 39. Asia Pacific: Air Ambulance Services Market Breakdown, by End User (2023 and 2031)
Figure 40. Asia Pacific: Air Ambulance Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 41. Australia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. China: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. India: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Japan: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. South Korea: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. Rest of APAC: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 48. Middle East and Africa: Air Ambulance Services Market Breakdown, by Aircraft Type (2023 and 2031)
Figure 49. Middle East and Africa: Air Ambulance Services Market Breakdown, by Service Model (2023 and 2031)
Figure 50. Middle East and Africa: Air Ambulance Services Market Breakdown, by End User (2023 and 2031)
Figure 51. Middle East and Africa: Air Ambulance Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 52. South Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. Saudi Arabia: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. UAE: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. Rest of Middle East and Africa: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 56. South America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. South America: Air Ambulance Services Market Breakdown, by Aircraft Type (2023 and 2031)
Figure 58. South America: Air Ambulance Services Market Breakdown, by Service Model (2023 and 2031)
Figure 59. South America: Air Ambulance Services Market Breakdown, by End User (2023 and 2031)
Figure 60. South America: Air Ambulance Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 61. Brazil: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 62. Rest of South America: Air Ambulance Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 63. Company Positioning & Concentration
The List of Companies - Air Ambulance Services Market
- Air Methods
- Aero-Dienst GmbH
- Airlec Air Espace
- Babcock International Group Plc
- Trust Air Aviation Ltd
- FAI Aviation Group
- IAS Medical
- Medical Air Service
- PHI Air Medical
- Quick Air Jet Charter GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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