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Fixed-wing Air Ambulance Service Market Size, Share Report, 2025

Fixed-wing Air Ambulance Service Market Analysis Report By Service, By Service Model, By Region And Segment Forecasts From 2018 To 2025

Report ID: MN17619777  |  Published: May 2020  |  No of Pages: 134
Format: Electronic (PDF)  |  Industry: Automotive & Transport  |  Publisher: Grand View Research

Industry Insights

The global fixed-wing air ambulance service market size was accounted revenue at USD 977.6 million in 2017and expected to grow with a CAGR of 9.4% over the projected period, from 2018 to 2025. The fixed-wing air ambulances are widely used helicopter or aero plane to move patients to and from healthcare facilities this market is gaining popularity in developing countries such as India and China. Rising spending capacity on healthcare facilities among people is expected to drive the fixed-wing air ambulances market growth in the next few years.

Rising need for emergency medical services (EMS) and medical transport in case of emergency has led to the increase of investment in the healthcare sector. Further, increase in government investment in development of public healthcare is a major factor which is expected to augment the market growth.

U.S. fixed-wing air ambulance service market

Technological advancement has led to the emergence of mobile apps for online booking of fixed-wing air ambulance services and provide primary care instruction and advice. Currently, this service is very expensive, thereby several governments are sticking to conventional ambulance serves and opting for the fixed-wing air ambulance service only when there is no other alternative available for the healthcare authorities.

Major market players are investing in air crew training and implementing state-of-the-art advanced technology which is expected to surge the market growth in the next few years.  For example, in 2018, the British Colombia services have financed an ambulance services to improve its operations in low light by using night vision technology.

Fixed-wing air ambulance service is majorly used for patient transport within country. Service providers are concentrating on offering safe and secure transportation services to patients. In addition, major players are implementing strategies such as partnerships with other stake holders in the market, investment in R&D, merger & acquisition, which is expected to drive the market growth.

Services Insights

Based on services, the fixed-wing air ambulance services market is segmented into medical escort service and medical evacuation and repatriation. Medical evacuation comprises facilities related to patient transportation that require to be placed to the nearby medical facilities. Medical repatriation includes resources and costs related to offering medical facilities to travelers as well as allows transporting of patients in another country. The demand for this services is expected to witness significant growth during the projected period due to the rising need of patients for medical emergencies who are suffering from life-threatening medical conditions, especially in case of unavailability of the nearest healthcare facilities.

Medical escort includes non-emergency facilities offered by medical transport service provider. This service is expected to have the highest growth in the next few years. This growth is attributed to the rising demand for healthcare professionals including paramedics, physicians, and nurses.

Service Model Insights

Based on the service model, market is bifurcated into hospital based and community based. The hospital based facilities offer medical parterres and team along with aircraft suppliers for mechanics, pilots and aircraft crew. Community based service model includes the group of community and provide emergency medical services helps to a different locality.

North America fixed-wing air ambulance service market

The community-based service model is projected to grow with the highest CAGR from 2018 to 2025. Corporate social responsibility (CSR) has become a very important part of various strategies implemented by manufacturers. CSR activities help to increase donations as well as funding by several firs in the medical sector. This factor has led to a rise in the charity fund by donators, which is expected to have a positive impact on the growth of this segment.

Regional Insights

North America has dominated the global market, in 2017 due to the existence of various market players. In addition, Asia Pacific is a developing region and projected to witness robust growth in the next few years. Government support to EMS is fueling the growth of this region.

Latin America is expected to have significant market growth. Governments of this region are concentrating to increase healthcare funding to improve healthcare systems.

Fixed-wing Air Ambulance Service Market Share Insights

The market is highly competitive in na5ture due to the presence of public and private players. Companies are operating independently or collaborating with service model or service providers. The key players operating in this market are Reva, Inc.; Hope Medflight Asia Pte Ltd; and American Medical Response (AMR).

Market players are adopting various strategies like partnerships, merger & acquisition to sustain in a competitive market and to improve their technological skills.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Revenue in USD Million and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, U.K., Germany, France, Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand, Brazil, Mexico, Saudi Arabia, and South Africa

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global fixed-wing air ambulance service market report based on service, service model, and region:

• Service Outlook (Revenue, USD Million, 2014 - 2025)
    • Medical Evacuation and Repatriation
    • Medical Escort Service

• Service Model Outlook (Revenue, USD Million, 2014 - 2025)
    • Community Based
    • Hospital Based

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
    • Asia Pacific
        • Australia
        • China
        • Hong Kong
        • India
        • Indonesia
        • Japan
        • Malaysia
        • Philippines
        • Singapore
        • Thailand
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • Saudi Arabia
        • South Africa

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