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The global fixed wing air ambulance service market size is expected to reach USD 19.5 Billion in 2032, & register revenue CAGR of 12.3% during forecast period.
NEW YORK, NEW YORK, UNITED STATES, May 2, 2023 /einpresswire.com / -- Global fixed wing air ambulance service market , valued at USD 6.2B in 2022, is projected to reach USD 19.5B in 2032, with a 12.3% CAGR. The surge is driven by growing demand for timely medical services, especially in remote areas. Factors such as increasing medical emergencies, need for faster patient transportation, technological advancements, and acceptance of air ambulance services contribute to market growth. However, challenges like high costs and limited infrastructure and personnel availability may hinder revenue growth during the forecast period.
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Segments Covered in the Report –
The global fixed wing air ambulance service market is segmented based on various factors. In terms of the type of service outlook, the market is categorized into Basic Life Support (BLS), Advanced Life Support (ALS), Critical Care Services, Neonatal Care Services, and Others. These different service types cater to the varying medical needs of patients during air transportation.
When considering the end-user outlook, the market is further segmented into Hospitals, Emergency Medical Service Providers, Individuals, and Others. Each of these end-users plays a crucial role in the demand for fixed wing air ambulance services. Hospitals and emergency medical service providers often rely on air ambulances to quickly transport patients in critical conditions, while individuals may require such services for personal medical emergencies.
The aircraft type outlook classifies the market based on the type of aircraft used for air ambulance services. The segments include Turboprop, Jet, and Helicopter. These different types of aircraft offer varying capabilities and capacities to accommodate different medical requirements and travel distances.
The regional scope of the market includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. These regions represent key markets with varying healthcare systems, infrastructure, and demand for air ambulance services. Additionally, the country scope encompasses specific countries such as the U.S., Canada, U.K., Germany, France, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, and Turkey.
The segmentation of the global fixed wing air ambulance service market allows for a comprehensive analysis of the industry. By understanding the different types of services, end-users, aircraft types, and regional dynamics, stakeholders can make informed decisions and strategies to capitalize on the market opportunities in various segments and regions.
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Strategic development:
March 2020 saw the introduction of a new fixed-wing air ambulance aircraft by PHI Air Medical. This advanced aircraft is equipped with state-of-the-art medical equipment and offers a spacious cabin to accommodate patients and their families. The focus is on providing safe and comfortable air ambulance services, enhancing the overall experience for patients.
In March 2017, Air Methods Corporation, a leading provider of air ambulance services, acquired Air Medical Group Holdings. This strategic acquisition is expected to bolster the market position and expand the geographic reach of Air Methods Corporation. The move strengthens their presence in the industry and positions them for further growth and success.
In March 2022, Global Medical Response completed the acquisition of Omniflight Helicopters, a prominent supplier of air ambulance services. This acquisition is set to enhance the market position and geographical coverage of Global Medical Response. By bringing Omniflight Helicopters under their umbrella, Global Medical Response strengthens their capabilities and broadens their reach in the air ambulance services sector.
Competitive Landscape:
The global market report on air ambulance services includes several prominent companies that play a significant role in the industry. These companies contribute to the provision of efficient and reliable air ambulance services worldwide.
Air Medical Group Holdings and Air Methods Corporation are key players in the market. Air Methods Corporation, being a leading provider of air ambulance services, acquired Air Medical Group Holdings in March 2017. This strategic move has strengthened the market position and expanded the geographic reach of Air Methods Corporation, enhancing its capabilities in the industry.
PHI Air Medical is another notable company featured in the report. In March 2020, PHI Air Medical introduced a new fixed-wing air ambulance aircraft equipped with cutting-edge medical gear and a spacious cabin to accommodate patients and their families. This development highlights their commitment to delivering safe and comfortable air ambulance services.
REVA Air Ambulance, Air Ambulance Worldwide, Aeromedevac, Angel MedFlight, CAMTS Air Ambulance, Global Medical Response, International SOS, King Air Ambulance, Lifeflight of Maine, Medical Air Services, Omniflight Helicopters, and Stat-Air Medical Transport are other significant players in the global air ambulance services market. These companies contribute to the industry's growth and provide vital transportation services for patients in need.
Including these companies in the market report allows for a comprehensive understanding of the competitive landscape and the various players shaping the air ambulance services sector. Their expertise, reach, and contributions collectively contribute to the overall development and advancement of air ambulance services globally.
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