Air Ambulance Services Market Size, Share & Industry Analysis, By Aircraft Type (Fixed Wing and Rotary Wing), By Service Operator (Hospital-based, Independent, and Government), By Application (Inter-Facility, Rescue Helicopter Service, Organ Transplant Logistics, Infectious Disease Service, Neonatal and Pediatric Transport, and Others), and Regional Forecast, 2024-2032

The global air ambulance services market size was valued at USD 6.50 billion in 2023 and is projected to grow from USD 7.00 billion in 2024 to USD 11.46 billion by 2032, exhibiting a CAGR of 6.4% during the forecast period. Moreover, the air ambulance services market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 3,957.3 million by 2032, driven by increasing demand for patient airlift services and long-term contracts in the country.

Air ambulance services refer to a specialized type of medical transportation that uses airplanes or helicopters. These services quickly and safely transport critically ill or injured individuals from one location to another. They can rapidly transport patients over long distances, including remote or hard-to-reach areas, or between medical facilities, ensuring they reach the most appropriate care center for their needs. Fixed-wing air ambulances are preferred to transport patients over greater distances.

Air ambulances are equipped with special medical equipment such as ECGs and monitoring units, medications, CPR equipment, ventilators, stretchers, and other types of equipment, which are required to monitor and treat critically injured or ill patients. These services are mainly preferred in medical emergencies, such as respiratory diseases, strokes, heart attacks, pregnancy complications, traumatic injuries, end-of-life cases, neurological conditions, and others, to transport sick and injured patients to greater distances and impractical terrains. The growing demand for helicopter Emergency Medical Services (HEMS) is expected to drive the growth of the global market from 2024 to 2032. COVID-19 pandemic increased the demand for Emergency Medical Services (EMS) to transport COVID-19 patients. Many air ambulance operators reported a significant increase in workload during COVID-19 lockdowns over the past two years, primarily due to the limited availability of commercial flight options for medical repatriation.

Air Ambulance Services Market Trends

Technological Advancements and Product Innovations are Prominent Trends in the Market

Technological advancements and product innovations are key trends gaining popularity in this market. Major players in this market are focusing on developing technologies such as synthetic vision systems, satellite communications, and self-learning AI algorithms to reduce pilot workload and improve operational safety. Additionally, Electric Vertical Take-Off and Landing (eVTOL) platforms are also being examined to explore the new capabilities in offering air medical services. Developing countries are investing in improving their healthcare infrastructure, including emergency medical services. The expansion of hospitals, clinics, and medical facilities in these nations will create significant opportunities for air ambulance service and equipment providers to establish partnerships and provide essential emergency medical transportation services.

For instance, in March 2023, Airbus Helicopters SAS partnered with the Norwegian Air Ambulance Foundation to explore the potential of eVTOL aircraft for air medical services. The partnership aimed to enhance patient outcomes and minimize emergency response times for air medical services in Norway. The two companies would collaborate to create a detailed plan that addresses specific scenarios to increase the performance of the Norwegian EMS system. Furthermore, these requirements would be integrated into the design and configuration of the CityAirbus NextGen. It is Airbus' advanced eVTOL aircraft, which is currently in development.

Air Ambulance Services Market Growth Factors

Rising Adoption of Helicopter Emergency Medical Services (HEMS) to Catalyze the Market Growth

Helicopter Emergency Medical Services (HEMS) utilize helicopters for emergency medical transportation. HEMS have advanced significantly in numerous countries worldwide. The greatest advantage lies in helicopters' ability to reach destinations three to five times faster than ground vehicles, often being the sole means of accessing inhospitable terrain. HEMS flights have increased by more than 50% in the U.S. in the past decade. Helicopters are also used for organ transport, which is another rapidly growing segment of the market. For instance, in India, Apollo Hospitals has partnered with Airbus Helicopters to transport organs from one city to another for transplants using helicopters.

For instance, in March 2022, Airbus S.A.S and Airlift Global Holdings Limited agreed to collaborate on developing HEMS and associated air medical services in India. The partnership aimed to improve healthcare access and connectivity in urban and rural areas of the country. They will work together on a pilot project that integrates air ambulance and medical emergency services. Furthermore, the rising incidence of accidents, natural disasters, and medical emergencies have led to a growing demand for HEMS which, in turn, is driving the growth of the market.

Increasing Geriatric Population Globally to Boost the Market Growth

The global population is witnessing a significant increase in the number of elderly individuals. With age, individuals are more prone to chronic illnesses, requiring specialized medical care and emergency transportation. Additionally, geriatric patients frequently require specialized medical attention due to age-related conditions such as cardiovascular diseases, respiratory disorders, and mobility limitations.

For instance, according to a report by FAIR Health, Inc., in 2021, among patients aged 65 and above transported by fixed and rotary-wing air ambulance services, cerebrovascular issues and diseases emerged as the predominant diagnosis, whereas individuals aged 51 to 64 were most frequently transported for heart attack-related reasons. For the rising incidence of diseases with increasing geriatric population, air ambulances are the ideal choice in ensuring timely access to advanced healthcare facilities.

RESTRAINING FACTORS

Lack of Insurance Coverage and High Operating Costs to Hamper the Market Growth

Insurance coverage for air ambulance services is limited or not available in many regions. This lack of coverage puts a big financial burden on people. This makes the patients less likely to use air ambulance services even in emergencies. Without proper insurance options, the demand for these services may be limited. Additionally, operating air ambulance services costs a lot of money. It includes expenses for buying and maintaining aircraft, fuel, and staff. There are also costs associated with meeting aviation regulations and maintaining the necessary medical equipment and personnel standards. These high operating costs can limit the number of air ambulance providers and make it difficult for them to offer affordable services. This creates a challenge for new players trying to enter the market and slows down the overall air ambulance services market growth.

Air Ambulance Services Market Segmentation Analysis

By Aircraft Type Analysis

Rotary Wing Segment to Dominate the Market Owing to Growing Demand for Helicopter Emergency Medical Services (HEMS)

By aircraft type, the market is categorized into fixed wing and rotary wing. Rotary wing refers to the use of helicopters as air ambulances to provide the necessary medical transport. Airbus' AS365, BK117, H125, H130, H135, and H145, BELL' 407, and 412, Leonardo' AW169 and AW139, the Sikorsky S-76D, and others are some commonly used rotary wing air ambulances. The segment dominates the market share and is estimated to be the fastest growing segment during the forecast period due to increasing demand for helicopter emergency medical services. For Instance,

• In March 2023, The Libyan Air Ambulance Service announced that it had signed a contract to procure three Bell helicopters, including Bell 429 and Bell 505 models. The helicopters are equipped with the latest medical equipment and technologies to offer rapid ambulance services and effective medical services in emergency cases in remote areas where jet planes are difficult to reach.

Fixed wing refers to the use of airplane as air ambulances that transport a patient from one location to another. Gulfstream IV, Learjet 60, Learjet 35A, Cheyenne II, and others are some commonly used fixed wing air ambulances. These aircraft can go faster and greater distances. The upsurge in long-range air medical missions is anticipated to boost the market for this segment.

By Service Operator Analysis

Independent Segment to Dominate the Market Owing to Rising Demand for Advance Healthcare Services

By service operator, the market is segmented into hospital-based, independent, and government. In independent service, the operations are not controlled by a specific medical facility but by independent providers who directly employ the medical and flight crews. The segment dominates the market and is estimated to grow significantly during the forecast period. This is due to the increased demand for advanced healthcare services.

Government operated services refer to air ambulance services that are owned and operated by a state or municipal government or military unit. The segment is estimated to be the fastest growing during the forecast period due to cost-effective services.

By Application Analysis

Inter-Facility Segment Dominates the Market Owing to the Rising Demand for Advanced Medical Treatment and Specialized Care

By application, the market is categorized into inter-facility, rescue helicopter service, organ transplant logistics, infectious disease service, neonatal and pediatric transport, and others. Inter-facility transport refers to the movement of patients from one healthcare facility to another. This segment dominates the market and is estimated to be the fastest growing during the study period. This is due to the rising demand for advanced medical treatment and specialized care.

Organ transport logistics refers to moving organs from the donor location to the intended recipient for transplantation. It includes coordination and management of the transportation process of organ transport. The segment is expected to grow significantly due to the increasing demand for emergency organ transplantation.

REGIONAL INSIGHTS

In terms of geography, the market is divided into North America, Europe, Asia Pacific, and the rest of the world.

North America dominated the air ambulance services market share in 2023 with a value of USD 2.90 billion. The growth is attributed to the presence of major service providers in the region. For instance, in August 2023, LifeNet of New York, a subsidiary of Air Methods Corporation, a U.S.-based leading air medical service provider, made a significant investment to enhance and expand its air medical services across the state. This substantial investment, totaling more than USD 31 million, involved the acquisition of upgraded aircraft and state-of-the-art clinical equipment that will be deployed throughout New York.

Europe captured the second-largest market share in the base year. The market growth is due to well-developed healthcare systems and a high emphasis on patient safety and quality of care. The region's strong regulatory frameworks, standardized protocols, and efficient transportation networks contribute to the market growth of air ambulance services.

Asia Pacific held a significant market share in 2023 and is expected to be the fastest growing region during the forecast period. The market growth of air ambulance services is on account of rapid urbanization, increasing disposable income, and improving healthcare infrastructure are driving the demand for air medical transportation services. Countries such as India, China, and Japan are witnessing significant market growth, fueled by the rising population, expanding middle class, and increased awareness of emergency medical services.

The market in the rest of the world is expected to grow significantly during the forecast period. The growth is attributed to the increasing investments in healthcare infrastructure. Furthermore, improving healthcare access and rising disposable incomes also catalyze the market growth.

List of Key Companies in Air Ambulance Services Market

Leading Players Focus on Emerging Markets, Technological Advancements, and Product Innovations

The global market is consolidated with key players, including Air Methods Corporation, Global Medical Response, Inc., Acadian Companies, PHI, Inc., REVA, Inc., and others. Major players focus on emerging markets, technological advancements, and product innovations to increase their market share. For instance, in February 2023, Hindustan Aeronautics Limited (HAL) and Response Plus Holding PJSC (RPM), a prominent healthcare provider in the United Arab Emirates, signed a Memorandum of Understanding (MOU). The agreement aimed to foster collaboration between the two entities in various areas, including emergency medical services, medical evacuation, helicopter emergency medical services, and other beneficial fields. The cooperation will focus on exploring opportunities for joint initiatives in India, the Gulf region, and the MENA region, bringing mutual benefits to both organizations.

LIST OF KEY COMPANIES PROFILED:

• Air Methods Corporation (U.S.)


• Global Medical Response, Inc. (U.S.)


• Acadian Companies (U.S.)


• PHI, Inc. (U.S.)


• REVA, Inc. (U.S.)


• Express Aviation Services (U.S.)


• European Air Ambulance (U.K.)


• Avincis Aviation Sweden AB (Sweden)


• Air Charter Services Pvt Ltd. (U.K.)


• Gulf Helicopters (Qatar)

KEY INDUSTRY DEVELOPMENTS:

• May 2023 – Ascent Helicopters was awarded a contract worth USD 410.68 million to supply BC Emergency Health Services (BCEHS) with six air ambulance helicopters. The helicopters will be utilized by the agency in delivering Helicopter Emergency Medical Services (HEMS) in British Columbia. The delivery of the helicopters is scheduled between autumn 2024 and spring 2025.


• March 2023 – Airbus Helicopters and International SOS joined forces to introduce LifeSaver, an advanced program aimed at enhancing emergency medical systems and improving patient outcomes. Estonia has become the pioneering country to collaborate with International SOS and Airbus Helicopters in launching a national innovation program called LifeSaver, focused on enhancing their Emergency Medical System (EMS).


• January 2023 – Children's Air Ambulance (TCAA), a U.K. aeromedical charity, introduced the first-ever incubator on a rotary wing aircraft in England. The initiative aims to support specialist NHS transport teams during life-saving flights. CAA collaborated with Gama Aviation's Part 21J Design Organization and worked closely with leading neonatal transfer clinicians and installed on the brand new AgustaWestland 169 aircraft.


• July 2023 – Exchange Income Corporation announced that its subsidiary, Keewatin Air LP, was the successful bidder to provide critical care health insurance to the province of Manitoba. The proposed 10-year contract called for a fleet of five aircraft, a mix of jets and turboprops. This followed a 10-year contract awarded last month by the Province of British Columbia to EIC subsidiary Carson Air to provide fixed-wing evacuation insurance.


• August 2023- New Zealand Air Ambulance announced the deployment of the Celo health information solution, which was rolled out across the global operations of Doctors without Borders. It enabled the NZ Air Ambulance aeromedical teams and other stakeholders to communicate easily and effectively in the interest of patient outcomes, on a built-in platform.

REPORT COVERAGE

The research report provides a detailed industry analysis. It covers all major aspects such as R&D capabilities and optimization of the operating services. Moreover, the report offers insights into global market share, market trends, regional analysis, porter’s five forces analysis, competitive landscape of various companies profiled with market competition and primarily highlights key industry developments. In addition to the above-mentioned factors, it mainly focuses on several factors that have contributed to the global market growth in recent years.

Report Scope & Segmentation