What is the Potential Demand for Air Ambulance Services Market?

There are certain diseases or health issues that require immediate attention, especially those that hit vital organs such as the brain, heart, and lungs. Some such issues are acute stroke, sudden cardiac arrest, kidney or liver failure, and external or internal trauma that leads to hypovolemic shock (loss of more than 20% of the blood inside the body). In these cases, rushing the person to an emergency care setting is vital, as sometimes, it just takes minutes for the disorder or disease to lead to death.

Air Ambulance Services Market Outlook

Sometimes the issue is so severe that transporting the patient via roads, which are becoming increasingly congested, especially in developing countries, can cause more harm than benefit. As per P&S Intelligence, this will be a strong factor to take the air ambulance services market to $15.9 billion in 2030 from $8.9 billion in 2019, at a 5.4% CAGR between 2020 and 2030. This is because air transport is the fastest mode of transport: first, aircraft are fast on their own, and second, there is not much traffic in the sky.

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Considering the difference that such services can make between life and death, governments around the world are making efforts to increase the bases for air ambulance take-off and landing. Several remote areas in developing countries, such as India and China, especially those in thickly forested zones and deep in the Himalayas, have almost no healthcare center. Even in remote places where there are healthcare facilities, they are primary care facilities and local clinics lacking the equipment to handle life-threatening situations. This is why governments in these countries are widening the operating base of air ambulances, so that more people can have access to life-saving medical care.

Additionally, rotary-aircraft are now becoming technologically advanced, particularly with the numerous pilot projects for electric vertical take-off- and landing (eVTOL) aircraft being executed around the world. Once the infrastructure is ready for such operations, air ambulance services will become one of the most-important applications of the urban air mobility (UAM) concept. Hospitals are already utilizing conventional VTOL aircraft for air ambulance purposes on a large scale, and the advancements in the UAM niche will further drive the adoption of these services.

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Presently, North America is the largest air ambulance services market, as the region is home to numerous private and public agencies that operate air ambulances. For instance, the Sikorsky MH-60 Jayhawk helicopters stationed at the U.S. Coast Guard Air Station in Kodiak, Alaska, regularly answer distress calls of ships fishing in the freezing and stormy waters of the Bering Sea for emergency medical evacuation. Additionally, most people in the continent have a high disposable income, which is why they can pay the exorbitant prices charged by private healthcare facilities for airlifting patients.

Thus, as the unmet need for quick transportation of patients to hospitals is realized, the number of entities offering air ambulance services will rise.