Air Ambulance Services Market was worth USD 3.7 billion in 2016 which is anticipated to grow at a CAGR of more than 9.3% during the forecast period. The factors contributing to the growth of the market are increasing the prevalence of chronic diseases, for instance, cardiac disorders which need an emergency medical response, accessibility of reimbursement policies, rising per capita healthcare expenditure and improvement of medical infrastructure in entertainment & sports industry.

An exponential rise in the per capita healthcare spending is observed worldwide in the past twenty years. According to the statistics given by The World Bank Group, in 1996, the per capita healthcare expenditure was approximately USD 467.6 and this figure raised exponentially to USD 1,060.9 in 2014. The 55.0% growth in per capita healthcare spending can be associated with better access to quality care, better economic conditions, and rising awareness amongst the population. These factors also contribute towards a rise in demand for air ambulance services in the last five years.

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The air ambulance service operators, particularly in developing nations, are offering a wide spectrum to air ambulance services to leverage the increasing demand. Additionally, increase in the number of service providers has intensified the competition in this market. For instance, there exist more than 1,300 aircrafts provided by 300 air ambulance operators, cumulatively, in the U.S.

The incidence of chronic disorders which require an emergency response, for instance, cardiovascular conditions, are increasing at alarming rate. According to a report published by the WHO, cardiovascular diseases contributed to the highest number of total global fatalities. In 2012, 17.5 million deaths translating to 31.0% of the global deaths occurred due to cardiovascular disorders. Air ambulances are highly useful in life-threatening conditions and therefore, these services have continued to hold a steady demand in spite of being expensive.

Developed economies, for instance, the U.S., provide reimbursement policies which enable the air ambulance service providers to overcome the issues related to high service prices and helped the market grow at a remunerative rate. The Government of Accountability Office (GAO) published statistics which say that Medicaid and Medicare payments contributed to approximately 12.0% and 30.0% of market revenue correspondingly whereas private insurers contributed to nearly 50.0% of market revenue. The air ambulance services are expensive, therefore, out of pocket payments are infrequent.

Based on the type, the global air ambulance market is segmented into fixed wing services and rotary wing services. The rotary wing services, involving helicopter based air medical transport, held more than 68.0% of market share in 2016. These services are used for medical transfer of patients for shorter distances. Additionally, helicopters can easily land on streets, rooftops, and ground thereby increasing the accessibility of these services.

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Market Segment:

Air Ambulance Service Types Outlook (Revenue, USD Million; 2014 - 2025)

• Rotary-Wing
• Fixed-Wing

Air Ambulance Service, Service Model Outlook (Revenue, USD Million; 2014 - 2025)

• Hospital Based
• Community Based

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