Air Ambulance Services Market Impact of Technology on Operations and Efficiency
- marketreporters
- 11 hours ago
- 3 min read
The global air ambulance services market was valued at USD 14.6 billion in 2022 and is expected to grow to USD 32.9 billion by 2030, registering a compound annual growth rate (CAGR) of 10.7% between 2023 and 2030. According to the World Health Organization (WHO), chronic diseases are the primary cause of death globally, accounting for more than 60% of total fatalities.
Approximately 80% of chronic disease-related deaths occur in low- and middle-income countries. In the United States, it is projected that over 49% of the population will be affected by chronic diseases by 2025. The Centers for Disease Control and Prevention (CDC) reports that over 877,500 people in the U.S. die annually from cardiovascular diseases, including stroke and heart disease.
Cardiovascular conditions remain the leading cause of death worldwide, with stroke ranking as the second most common cause. The WHO estimates that by 2022, chronic diseases would account for three-quarters of global deaths, with ischemic heart diseases responsible for 71% and strokes for 75% of these fatalities.
Countries like India and China report a significant prevalence of cardiac conditions. Emergencies arising from chronic ailments such as heart disease and stroke often require urgent medical intervention. Air ambulance services offer rapid response in these situations and are equipped with advanced medical technology to manage patients with cardiac issues, strokes, chronic obstructive pulmonary disease (COPD), and traumatic injuries.
Key Market Trends & Insights
Regional Insights: North America led the market with a 49.5% share in 2022 and is expected to grow at a CAGR of 10.8% over the forecast period. This growth is supported by the presence of major service providers, well-established air medical infrastructure, and favorable reimbursement policies.
By Type: The rotary-wing segment accounted for the largest share, 76.7% of market revenue in 2022. Helicopter-based ambulances are favored for their cost-efficiency, fast response capabilities, and flexibility in landing zones, including urban areas. However, they are limited by their lower fuel capacity and shorter range.
By Service Model: The hospital-based service model dominated with a 79.9% revenue share in 2022 and is expected to maintain significant growth. Under this model, hospitals provide the medical team while partnering with aviation firms for aircraft operations, pilots, and maintenance.
Order a free sample PDF of the Air Ambulance Services Market Intelligence Study, published by Grand View Research.
Market Size & Forecast
2022 Market Size: USD 14.6 Billion
2030 Projected Market Size: USD 32.9 Billion
CAGR (2023-2030): 10.7%
North America: Largest market in 2022
Asia Pacific: Fastest growing market
Key Companies & Market Share Insights
Leading players are focusing on acquisitions, partnerships, and new service offerings to expand their market presence. For example:
In January 2023, Air Methods launched a critical care air transport service for patients requiring specialized treatment such as ventilator or ECMO support.
In March 2023, Air Methods acquired Guardian Flight, expanding its operations in Alaska to meet increasing demand.
In February 2023, Air Methods partnered with UnitedHealthcare to offer air ambulance services to its members at no extra cost.
In February 2020, Bombardier sold two Learjet 75 Liberty aircraft to Fargo Jet Center, designated for Poland’s Lotnicze Pogotowie Ratunkowe (LPR).
In April 2021, Babcock Norway secured a contract to provide jet air ambulance services for the EU’s rescEU program, including aircraft maintenance and personnel training.
Key Players
Air Methods
AMR
PHI Air Medical
Babcock Scandinavian Air Ambulance
Express Air Medical Transport
REVA, Inc.
Lifeguard Ambulance Service LLC.
Acadian Ambulance
IAS Medical, Ltd.
American Air Ambulance
Global Medical Response
AirMed International
Guardian Air (Pty) Ltd
AirLink Ambulance USMX
Life Flight Network
Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.
Conclusion
The air ambulance services market is experiencing robust growth, driven by the rising global burden of chronic and cardiovascular diseases that require urgent medical attention. Technological advancements in air medical equipment, increasing demand in emerging markets like Asia Pacific, and strategic collaborations among key industry players are further propelling the market. With North America currently leading, the global market is set to reach USD 32.9 billion by 2030, presenting strong opportunities for continued innovation and expansion.
Comments