The Report Fixed-wing Air Ambulance Service Market Analysis Report By Service (Medical Escort
Service, Medical Evacuation & Repatriation), By Service Model, By Region,
And Segment Forecasts, 2018 - 2025
The global fixed-wing air ambulance service
market size is expected to reach USD 2.00 billion by 2025, expanding at a
9.4% CAGR during the forecast period, according to a new report by Grand View
Research, Inc. Growing prevalence of chronic health conditions, such as cardiac
disorders, that require immediate medical response is expected to favorably
influence the market over the forecast period.
Emergency medical
services use fixed-wing or rotary-wing aircraft to transport patients
to-and-from healthcare facilities. Fixed-wing air ambulance serves to be a
safe, reliable, and quick way of transporting patients. These ambulances offer
enhanced services as compared to road ambulances by avoiding challenges of
traffic and inability to reach remote locations. Hence, they have emerged as an
effective medium for patient transport in case of emergencies.
These ambulances are
used to transport patients over long distances and for repatriation. Rising
demand for emergency medical transport and Emergency Medical Services (EMS) has
driven investments in the market. Government initiatives directed at public
healthcare reforms have been a key factor in promoting investments in the
sector, thus, fostering industry growth.
Demand for fixed-wing
air ambulances services is expected to increase on account of growing spending
capacity of people in developing countries. Initiatives undertaken by insurance
companies to include air ambulance services in their coverage is also vital in
promoting market growth.
Increasing demand for
these services has led international providers to collaborate with healthcare
providers in developing countries to expand their global footprint. Service
providers are also collaborating with various local organizations to offer
access to air ambulances for employees traveling abroad. Collaboration with
government organizations is also gaining momentum. For instance, in India, The
Municipal Corporation of Mumbai is in process of offering these services across
Mumbai and few other metro cities in India.
The market has witnessed
the emergence of publicly funded and charity based services. These operators
have been vital in providing medical support to patients who need emergency
medical assistance and in situations of natural disasters.
Access Research Report of Fixed-wing
Air Ambulance Service Market @ www.grandviewresearch.com/industry-analysis/fixed-wing-air-ambulance-service-market
Further key findings from the report suggest:
· Service providers in the market have been
partnering with third-party medical escort services to offer assistance to
patients onboard. The segment is projected to exhibit a CAGR of 10.5% over the
forecast period
· On the basis of service model, the
community based model is estimated to witness a CAGR of 9.6% over the forecast
period, emerging as the fastest growing segment
· Consumers of air ambulance services are
urging providers to be affiliated with government bodies and insurance
providers for increasing affordability. This has led several insurance
providers to enlist them in their insurance coverage
· The Asia Pacific market is expected to
witness the fastest growth, can be attributed to increased healthcare spending
in the recent past. The market is estimated to register a 12.5% CAGR during the
forecast period
· Leading industry participants include
American Medical Response (AMR) and FAI rent-a-jet AG.
Grand View Research has
segmented the global fixed-wing air ambulance service market on the basis of
service, service model, and region:
Fixed-Wing Air Ambulance Service Outlook (Revenue, USD
Million, 2014 - 2025)
·
Medical Evacuation and Repatriation
·
Medical Escort Service
Fixed-Wing Air Ambulance Service Model Outlook (Revenue,
USD Million, 2014 - 2025)
·
Community-based
·
Hospital-based
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
