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Read here the latest market Research Report on North America Air Ambulance Services Market
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Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ NORTH AMERICA AIR AMBULANCE SERVICE MARKET ANALYSIS
NORTH AMERICA AIR AMBULANCE SERVICE MARKET ANALYSIS • North America Air Ambulance Services Market, by Service (Hospital-based Service and Community-based Service), by Aircraft Type (Helicopter and Aircraft/Airplane (Rotary Winged Aircraft and Fixed Winged Aircraft)), and by Country (U.S. and Canada) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
The North America air ambulance services market is estimated to be valued at US$ 2,248.3 million in 2020 and is expected to exhibit a CAGR of 7.5% during the forecast period (2020-2027). • Increasing incidence of life threatening diseases is driving the growth of North America air ambulance services market. • Air ambulance service is an advanced medical service, which uses air transportation such as airplane and helicopters. It is the most effective and vital mode of transportation in case of a medical emergency at the hospital, accident site, and home. • The North America air ambulance market is expected to witness significant growth during the forecast period, owing to the increasing incidence of life threatening diseases that require emergency medical response. • For instance, according to the American Heart Association, in January 2019, stroke was a leading cause of death in the U.S. with around 2.7 million people in the country living with atrial fibrillation and around 800,000 people suffering a stroke, annually, due to blockage in the blood vessel, which supplies blood to the brain.
Figure 1: North America Air Ambulance Services Market Share(%) Analysis, By Service, 2020
North America air ambulance services market- Restraints • High cost of air ambulance service is expected to hamper growth of the market during the forecast period. • As stated by NAIC (The National Association of Insurance Commissioners), the average air ambulance cost for a 52 miles trip is between US$ 12,000 to US$ 25,000 per flight, which can reach as high as US$ 6 million depending on the medical equipment and maintenance.
Figure 2: North America air ambulance services market Value (US$ Mn) & Y-o-Y Growth (%), 2017-2027
North America air ambulance services market- Competitive Landscape • Key players operating in the North America air ambulance services market are Alacura Medical Transportation Management LLC, Air Methods, Acadian Air Med, an Acadian company, Aeromedevac, AirMed International, LLC, AirCARE, Jet Rescue International, MedWay Air Ambulance, IAS Medical, US Air Ambulance, Air Medical Group Holdings (AMGH), Express Air Medical Transport, Air Ambulance Worldwide, AeroCare Medical Transport System, Inc., REVA, Inc., UNC Health Care, Aitheras Aviation Group, LLC, KIDZ Medical Service, Suncoast Air & Ground Medical Transport, Classic Air Medical, Sunrise Air Ambulance, Inc., Aero Jet Medical, Fox Flight Inc., WellCare Air Ambulance Services, Advanced Air Ambulance, Corp., American Air Ambulance, Lifeguard Ambulance Service LLC, Aviation West Charters, LLC and PHI Air Medical.
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