Increasing prevalence of chronic disorders is expected to propel growth of the global air ambulance services market. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.
Emergence of Covid-19 is expected to propel growth of the global air ambulance services market. For instance, globally, as of 6:51pm CET, 3 January 2021, there have been 83,322,449 confirmed cases of COVID-19, including 1,831,412 deaths, reported to the World Health Organization.
High cost of air ambulance services and the relative low adoption of these services in emerging economies compared to developed countries is expected to hinder growth of the global air ambulance services market.
Among regions, North America is expected to witness significant growth in the global air ambulance services market, owing to launch of new services. For instance, in September 2020, WellSpan Health, an integrated health system in the U.S., and Air Methods, a leading air medical service in the U.S., jointly launched a new medical helicopter service to improve access to emergency air transport services for the most critically injured or sick patients.
Asia Pacific is also expected to witness significant growth in the global air ambulance services market, owing to increasing initiatives to develop a flying ambulance for medical emergency use. For instance, in August 2020, EHang Holdings Limited, an autonomous aerial vehicle technology platform company, announced that it has been selected to join Ambular, an international project endeavoring to develop a flying ambulance for medical emergency use.
Competitive Analysis
Major players operating in the global air ambulance services market include, Air Methods Corporation, Deccan Charters, Scandinavian Air Ambulance, Air Ambulance Specialists, Air Charter Service, Envision Healthcare Companies, Falck Danmark A/S, AMR Air Ambulance, AirMed International, Air Methods, and Express Aviation Services.
Major players operating in the global air ambulance services market are focused on adopting partnership strategies to enhance their market share. For instance, in August 2020, Air Methods partnered with Borrego Health, a Federally Qualified Health Center in the U.S., to start a new Mercy Air base at the Borrego Medical Clinic in Borrego Springs, California, U.S.
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