The global air ambulance services market size is anticipated to reach USD 6,050.0 million by 2026 owing to the increasing urban population and rise in the R&D expenditure of advanced passenger drones worldwide. Air ambulance service is a medically well-equipped and innovative facility supported by government agencies, hospitals, and independent service providers to provide transport services via air to people in medical emergencies. A recently published report by Fortune Business Insights™ offers interesting insights and details into the market with prime growth trajectories. The report is titled, “Air Ambulance Services Market Size, Share & Industry Analysis, By Service Operator (Hospital-based, Independent, and Government), By Application (Inter-Facility, Rescue Helicopter Service, Organ Transplant Logistics, Others (Neonatal and Pediatric transport, Overweight Patient Transport, and Medical Equipment Transport)), By Aircraft Type (Fixed-Wing and Rotary-Wing), and Regional Forecast, 2019-2026.” according to which the market value was USD 4,220.9 million in 2018 and will witness rise of 4.71% CAGR between 2019 to 2026
What are the Objectives of the Report?
The report offers a comprehensive overview of the market including drivers, restraints, challenges, and upcoming opportunities. It also lists the various segments of the market including factors such as service operator, application, aircraft type, and others. The report discusses the competitive landscape of the market, list of players, and the key strategies adopted by them to contribute the lion’s share to the market. current air ambulance services market trends, innovations, and other key industry developments are also provided in the market. The report is available for sale on the company website.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Air Methods Dominating Market with Constant Product Innovations
The market for air ambulance services is dominated by Air Methods owing to their diverse portfolio and constant innovations in new helicopters by the company. Besides this, vendors opening in the domestic and regional levels such as PHI Air Medical, Acadian Companies, and Air Medical Group Holdings (AMGH have stepped into the monopolistic competition with their product innovations. Such initiatives will help earn high air ambulance services market revenue in the forecast period.