Published Date: 26-May-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Air Ambulance Services Market, published by KBV research, The Global Air Ambulance Services Market size is expected to reach $12.1 billion by 2027, rising at a market growth of 11.4% CAGR during the forecast period.
On the basis of type, the global air ambulance services market is bifurcated into rotary-wing and fixed-wing. Out of these two, the rotary-wing was the dominant segment in the air ambulance services by obtaining the maximum revenue share in 2020. In the air ambulance services market, the term rotary-wing is commonly utilized for helicopters. Cost-efficiency and faster response time are the major benefits of helicopter-based air ambulance services.
The hospital-based segment procured the highest revenue share of the global air ambulance services market and hence, dominated the market in 2020. The segment would show a prominent growth rate throughout the forecast years. In a hospital-based service model, a hospital commonly offers a medical team and collaborates with an aviation service provider for aircraft, pilots, and mechanics.
Asia Pacific region is expected to witness a promising growth rate during the forecast period. The growth of the region would be augmented by the presence of emerging countries like China, India, and Japan. Additionally, the demand for air ambulance services in the region would be supported by the highly thriving tourism industry in these countries.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Babcock International Group PLC (Scandinavian AirAmbulance), Acadian Ambulance Service, Inc. (Acadian Companies), Air Methods Corporation (ASP AMC Intermediate Holdings, Inc.), Reva, Inc., IAS Medical, Ltd., American Air Ambulance, PHI Group, Inc. (PHI AirMedical, LLC), Life Savers Ambulance Services, Express Air Medical Transport, LLC, and Lifeguard Air Ambulance Service LLC.
Unique Offerings from KBV Research