Authored By: Sarah
24 Oct 2023

Air Ambulance Market forecasted of market expansion by USD 5,952.31 Mn at a CAGR of 9.76% between 2023 and 2027

The Air Ambulance Market is segmented by service (hospital-based service, community-based service, and others), aircraft type (rotary-wing aircraft and fixed-wing aircraft), and geography (North America, Europe, APAC, Middle East and Africa, and South America). Increasing participation in adventurous and recreational activities is the major air ambulance market trend that will positively influence the market value. 

Air Ambulance Market Outlook 2027 

  • The air ambulance market share will value over USD 5,952.31 Mn from 2023 to 2027 

  • It is estimated to expand at a CAGR of 9.76% from 2022 to 2027 

  • The air ambulance market size will witness a YOY growth rate of 9.42% in 2023 

Get a peek into the Air Ambulance Market Analysis Report 2023-2027. Unlock the Sample Report The report includes historical market data from 2017 to 2021. In 2017, the market was valued at USD 6533.94 Million

air ambulance service market size, air ambulance service market trends, air ambulance service market forecast, air ambulance service market analysis Snapshot of Air Ambulance Market Analysis 

Increasing Participation in Adventurous and Recreational Activities will Fuel Market Growth  

Participation in recreational activities, such as trekking, hiking, swimming, rafting, and paragliding, and the popularity of adventure tourism has surged across the world. The rising population engaging in recreational activities has increased injury risks, particularly for children aged below 18 years. Timely care given during such injuries will increase the demand for air ambulances during the forecast period, which will support the market growth.

Increasing Prevalence of Infectious Diseases to Drive Market Growth 

Timely care given during such injuries will increase the demand for air ambulances during the forecast period, which will support the market growth. The increasing demand for emergency medical relief, as well as the need for quick transfers to medical facilities to save the lives of patients, are boosting the demand for air ambulance services.

Air Ambulance Market Players: Some of the major air ambulance market players are Air Ambulance Worldwide, Air Methods Corp., Air Rescuers World Wide Pvt Ltd., American Air Ambulance, Augsburg Air Ambulance, Babcock International Group Plc, EMSOS Medical Pvt. Ltd., Envision Healthcare, Express Air Medical Transport LLC, Falcon Emergency, Horizon Jets Charter Inc., IAS Medical Ltd., Life Savers Ambulance Services, Luxembourg Air Rescue Asbl, Medical Air Service, Medivic Pharmaceutical Pvt. Ltd, etc. Our report comes with a profiled analysis of the market pioneers. 

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Discover more insights from our best-selling sample report on the Air Ambulance Market

Key Takeaways 

  • The high air ambulance service charges are the major hindrance for market players 

  • The air ambulance market structure is fragmented in nature. 

  • 29% of the air ambulance market growth will develop from North America. 

  • The market growth by the hospital-based service will be significant during 2023-2027.

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