Fixed-Wing Air Ambulance Service Market Worth USD 2 Billion by 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 percent CAGR. Growing prevalence of chronic health conditions, such as cardiac disorders, that require immediate medical response is expected to favorably influence the market. 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.

Further key findings:

• 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 percent.
• On the basis of service model, the community-based model is estimated to witness a CAGR of 9.6 percent, 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 percent CAGR.
• Leading industry participants include American Medical Response (AMR) and FAI rent-a-jet AG. – Grand View Research