According to our latest market study on " Helicopter Emergency Medical Services Market Forecast to 2031 - Global Analysis - by Helicopter Type (Light Helicopter, Medium and Heavy Helicopter), Application (Medical Aid, Transportation), End Use (Commercial, Government and Emergency Response), and Geography" the helicopter emergency medical services market size is expected to reach US$ 12.51 billion by 2031 from US$ 6.29 billion in 2023. It is expected to register a CAGR of 9.0% from 2023 to 2031.
The growing consumer awareness of the advanced healthcare facilities offered by hospitals and care centers is pushing health insurance companies to cover air ambulance facilities in the policy coverage. The inclusion of air ambulance facilities in the insurance policy is providing growth opportunities for air ambulance services at the global level. Air ambulances are medically well-equipped with ventilators, ECG machines, required medical equipment, and healthcare professionals on board. This confirms that the patient receives their treatment within the best feasible time. However, advanced medical equipment and expert medical professionals, adding up to the expense of aircraft maintenance, make the aircraft ambulance charges quite expensive. While it is an important factor in critical needs, its expenditure becomes a financial burden on the patient.
An air ambulance cover offers financial coverage for the expenditure encountered when opting for an air ambulance in times of requirement. Many insurers offer air ambulance coverage in their health insurance policies. A few others provide it as an add-on service that can be obtained separately from the health insurance policy. However, the coverage and its features may differ across various insurance service providers. Reduced time for long-distance travel, well-equipped facilities to address critical patients, and safe and comfortable transport of patients are among the major attributes of air ambulance services. Digit General Insurance, HDFC ERGO, TATA AIG, and Aditya Birla are a few insurance companies that cover air ambulance services. The increasing number of insurance companies covering air ambulance services in health insurance policies is expected to offer opportunities for the helicopter emergency medical services market during the forecast period.
.
Key Findings of Market Study:
The helicopter emergency medical services market is segmented into North America, Europe, Asia Pacific, and Rest of the World (Middle East & Africa and South America). North America and Europe are major regions. The high presence of helicopter emergency medical service providers, such as Air Methods, Global Medical Response, and PHI Air Medical, in North America is acting as a major driver for the helicopter emergency medical services market growth in the region.
The rising healthcare spending across Europe and the increasing demand for advanced healthcare facilities are driving the helicopter emergency medical services market growth.
Increase in the aging population and rise in the prevalence of chronic diseases are driving the helicopter emergency medical services market globally. In addition, with the increasing awareness and focus on well-being and health-related concerns, the majority of the population is increasing their expenditure on healthcare-related services, including improved treatment amenities, multi-specialty hospitals, advanced medical apparatus and devices, and patient pick-up and drop-off services using helicopter ambulance services.
The growing occurrence of chronic diseases among the geriatric population, women, and children is driving the demand for proper healthcare facilities that consist of helicopter emergency medical services for transportation to hospitals or immediate medical support. Care centers are offering chronic disease management services. In chronic care management services, patients can select premium facilities such as helicopter ambulance services to reduce travel time to hospitals.
The growing government focus on urban healthcare facilities as a part of smart city development across different countries in Asia Pacific, such as China, India, South Korea, and Japan, propels the growth of the helicopter emergency medical services market across the region.
Contributions and market initiatives of the key players such as Global Medical Response, Inc.; Air Methods; Tohoku Air Service, Inc., Babcock International Group Plc; Heliservice International GmbH; PHI Air Medical; CareFlight; Helijet International Inc.; STARS; and Ornge are influencing the helicopter emergency medical services market evolution globally. In addition, several other important helicopter emergency medical services market players have been studied and analyzed during the study to get a holistic view of the helicopter emergency medical services market and its ecosystem. The helicopter emergency medical services market report emphasizes key factors such as the rapid development in the healthcare sector.
Contact UsContact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id:
sales@premiummarketinsights.com