Latest News- Air Ambulance Market: Hospital-based service is expected to lead the Service segment during 2024-2028

The Air Ambulance Market is being driven by Increasing prevalence of infectious diseases

The Air Ambulance Market is expected to grow at a CAGR of 10.05% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6.77 billion. The global adventure tourism sector has experienced significant growth, driven by an increase in high-value customers participating in recreational activities such as trekking, hiking, swimming, rafting, and paragliding. These activities contribute to local economies and enhance a destination's unique brand identity. However, the thrill-seeking nature of these pursuits increases the risk of recreational injuries, including sprains, strains, fractures, and severe head injuries from accidental falls. In the event of such injuries, prompt evacuation from the accident site may be necessary. Air ambulances provide a critical solution for transporting patients to medical facilities, ensuring timely and effective treatment. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Service
  • Hospital-based service
  • Community-based service
  • Others
• Aircraft Type
  • Rotary-wing aircraft
  • Fixed-wing aircraft
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of infectious diseases
• Growing geriatric population
• Advanced onboard medical treatment

However, the market also witnesses some limitations, which are as follows:

• High air ambulance service charges
• Operational constraints of air ambulance
• Lack of proper communication in medical emergencies

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Market Scope in Air Ambulance Market Research Report

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Research Analysis Overview

Air ambulances, utilizing helicopters and fixed-wing aircraft, provide time-critical transportation for patients with various medical conditions, including trauma from road accidents, stroke, heart attacks, diabetes, heart conditions, cancer, and chronic ailments. Equipped with medical devices and a trained medical crew, these aerial vehicles fly directly from the accident scene to medical facilities, bypassing long ground transportation times and ensuring timely care for patients in remote locations. Interhospital transports also utilize fixed-wing air ambulances for the swift transfer of patients between medical facilities.

Market Research Overview

The Air Ambulance market is a significant segment of the global capital goods industry, specifically within the aerospace and defense sector. This market is characterized by the utilization of aerial vehicles equipped with medical devices, staffed by trained medical crews, and designed for transporting patients during emergencies to medical facilities. Technavio, a leading global technology research and consulting firm, includes the global aerospace and defense market in its analysis of the capital goods sector. This market encompasses various industries, including aerospace and defense, building, construction and engineering, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors. The global aerospace and defense market generates substantial revenue through the production of aerial platforms for commercial and general aviation, defense platforms for naval, land, and air domains, arms and ammunition, defense electronics, defense logistics equipment, space platforms, equipment, and launch vehicles, as well as maintenance, overhaul, and repair (MRO) activities related to these sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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