Global Air Ambulance Sales Market Report 2018
Industry Insights
The global air ambulance
services market size was valued at USD 3.7 billion in 2016 and is expected to
grow at a CAGR of 9.3% over the forecast period. Improving global economy;
increasing per capita health expenditure; availability of reimbursement plans;
rising prevalence of chronic diseases, such as cardiac disorders requiring
emergency medical response; and Improvement in medical infrastructure in the
sports and entertainment industries is that it is expected to help the air
ambulance services industry grow at a strong rate.
Over the last two decades,
there has been an increase in the per capita healthcare cost per person
globally. As per statistics published by The World Bank Group, per capita
health expenditure in 1996 was around USD 467.6, and in 2014, this number grew
exponentially to USD 1,060.9. This exponential growth of around 55.0% in per
capita healthcare expenditure can be attributed to improving economic
environments, improved access to quality treatment, and increasing awareness in
population, which translates into increased demand for these services since
past five years.
In order to meet this
growing demand, service providers, especially in emerging economies, provide
wide range of services in the air medical transport. In addition, there has
been a steady increase in service providers resulting in increased competition.
For example, there are more than 300 service providers in the United States
with more than 1,300 aircraft, cumulatively.
There is an alarming
increase in incidence of chronic disorders, such as cardiovascular conditions,
which require emergency medical response. For example, according to a World
Health Organization report, Heart disease has dominion over the number of
deaths worldwide. In 2012, 31.0% were around 17.5 million; Disease has been
reported due to cardiovascular disorders. These facilities help in a big way in
such a life-threatening situation, That is why these services have been
continuously demanding spite being expensive.
Repatriation of policies
in developed economies like the U.S., Help in removing these challenges related
to high prices helped in increasing these services at an attractive rate. According
to the statistics given by the Government Accountability Office (GAO), Medicare
and Medicaid payments account for nearly 30.0% and Market revenues are 12.0%,
while private insurance companies contribute around 50.0%; Out-of-pocket
payments are rare because services are costly.
Type Insights
Rotary-wing service, which
includes helicopter-based medical transportation services, In 2016, the market
is up 68.0%. The use of helicopter ambulances is used for low-distance
transport. Apart from this, easily landing on the ground, on roads and on the
roof, the accessibility of these facilities increases.
The fixed-wing service
indicates a special plane with medical facilities and dedicated employees. This
is mainly used when patients need to be transferred to long distances. Fixed-wing
are usually private jets or business jets that are designed in such a way that
they can accommodate medical crews and equipment.
Service Model Insights
In 2015, the
hospital-based Air ambulance service covers this place and It is also expected
to get large shares in the prediction period. Most hospitals in developed
countries run this program, In which hospitals provide emergency response
services with medical teams in the air ambulance.
Community-based services
are donated by public donations or by business. This service is provided by
partner with private players and community health organizations. For example,
the U.S. Among the various community-based programs such as Air Idaho Rescue in
Wyoming, Montana, and Idaho.
Regional Insights
In 2016, North America
organized a commanding stock in the global air ambulance service industry. Basic
infrastructure accessible for aerial medical transportation, The availability
of repayment and the presence of a large number of service providers in the
region appreciates the attractive growth of the market.
Asia Pacific is planning
to show an increase of more than 11.0% in the forecast period. The economic
environment of this sector is improving and nations like India and China are at
the forefront of global investment. Considering the price-effectiveness and
availability of large-scale labor, multinational companies are investing in
this area. Many global trade organizations take advantage of these services as
part of the Security Protocol.
Competitive Outlook
Some of the major players
in the industry are involved AMR; PHI Air Medical; Scandinavian Air Ambulance;
IAS Medical; Express AirMed Transport; Native American Air Ambulance; Lifeguard
Air Ambulance; REVA Air Ambulance; and Acadian.
The strategic initiatives
run by these players include collaboration, service portfolios extension and
partnership with business companies, sports and entertainment events. For
example, in February 2017, AMR partnered with the National Association for
Stock Car Auto Racing (NASCAR) Tournament; The company expects this initiative
to help organize organic growth as well as to get promotions.
Segments Covered in the Report
This report estimates the
revenue growth in global, regional and country levels and analyzes the latest
trends and opportunities in each sub-sector from 2014 to 2025. For the purpose
of this study, Frank n Raf has segmented the air ambulance services market on
the basis of types, service model and region:
Type Outlook (Revenue, USD Million; 2014 to 2025)
·
Rotary-Wing
·
Fixed-Wing
Service Model Outlook (Revenue, USD Million; 2014 to 2025)
·
Hospital Based
·
Community Based
Regional Outlook (Revenue, USD Million; 2014 to 2025)
North America
·
U.S.
·
Canada
Europe
·
Germany
·
UK
Asia Pacific
·
China
·
Japan
Latin America
·
Mexico
·
Brazil
MEA
·
South Africa
·
Saudi Arabia
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Table of Content:
·
Methodology and Scope
· Executive Summary
· Air Ambulance Services Market Variables, Trends & Scope
· Air Ambulance Services: Type Estimates & Trend Analysis
· Air Ambulance Services: Services Model Estimates & Trend Analysis
· Air Ambulance Services: Regional Estimates & Trend Analysis
· Competitive Landscape
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