The helicopter emergency medical services market size is projected to reach US$ 12.51 billion by 2031 from US$ 6.29 billion in 2023. The market is expected to register a CAGR of 9.0% during 2023–2031. The increasing spending on healthcare-related services is likely to remain one of the key helicopter emergency medical services market trends.
Helicopter Emergency Medical Services Market Analysis
The helicopter emergency medical services market is moderately fragmented, with the presence of a large number of players operating across different regions. The need for air ambulance services is mainly driven by higher demand during emergency medical cases, where the patients are required to be transferred to another suitable location for their medical treatment. Various authorities across different regions have been taking initiatives to establish an air ambulance infrastructure across their respective locations. Several state governments across different countries have also been investing heavily in the construction of new helipads or runways to provide a better service for emergency medical needs. For instance, in July 2023, the state government of Maharashtra, India, announced its plans to establish 16 new helipads specifically for air ambulances on the Mumbai-Nagpur Samruddhi Expressway.
Helicopter Emergency Medical Services Market Overview
Helicopter emergency medical services are witnessing strong growth and development globally in the commercial and government sectors, owing to their rising adoption in private hospitals and care centers. The multi-specialty hospitals are procuring helicopters to serve their patients in remote locations. In addition, hospitals are also collaborating with helicopter medical service providers to expand their service offerings in the critical and chronic disease care segment. The growing adoption of light and medium-weight helicopters in emergency medical services (EMS) in the air ambulance service sphere is also one of the major trends in the market. As per the Thames Valley Air Ambulance, the company received 3,158 service calls in 2022, 278 more calls than in 2021. The increasing demand for air ambulance services is positively impacting the helicopter emergency medical services market.
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Helicopter Emergency Medical Services Market: Strategic Insights
Helicopter Emergency Medical Services Market
-
CAGR (2023 - 2031)
9.0%
-
Market Size 2023
US$ 6.29 Billion
-
Market Size 2031
US$ 12.51 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing Spending on Healthcare-Related Services;
- Rising Prevalence of Chronic Diseases
FUTURE TRENDS
- Infrastructure Development of Hospitals to Cater to Helicopter Ambulance Services
OPPORTUNITIES
- 1) Air Ambulance Cover in Health Insurance Policies
Key Players
- 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
- Ornge
Regional Overview
- North America
- Europe
- Asia Pacific
- Rest of the World
Market Segmentation
Helicopter Type
- Light Helicopter
- Medium and Heavy Helicopter
Application
- Medical Aid
- Transportation
End Use
- Commercial
- Government and Emergency Response
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Helicopter Emergency Medical Services Market: Strategic Insights
-
CAGR (2023 - 2031)9.0% -
Market Size 2023
US$ 6.29 Billion -
Market Size 2031
US$ 12.51 Billion
Market Dynamics
- Increasing Spending on Healthcare-Related Services;
- Rising Prevalence of Chronic Diseases
- Infrastructure Development of Hospitals to Cater to Helicopter Ambulance Services
- 1) Air Ambulance Cover in Health Insurance Policies
Key Players
- 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
- Ornge
Regional Overview
- North America
- Europe
- Asia Pacific
- Rest of the World
Market Segmentation
Helicopter Type - Light Helicopter
- Medium and Heavy Helicopter
Application - Medical Aid
- Transportation
End Use - Commercial
- Government and Emergency Response
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Helicopter Emergency Medical Services Market Drivers and Opportunities
Increasing Spending on Healthcare-Related Services
The healthcare sector is growing rapidly owing to its growing coverage, improved services, and rising expenditure by public and private players. In addition, with the increasing awareness and focus on well-being and health-related concerns, the majority of the population is increasing their spending on healthcare-related services. Rising household income and increasing awareness about health and wellness have resulted in a growing demand for medical and healthcare services, including better treatment facilities, multi-specialty hospitals, advanced medical equipment and devices, and patient pick-up and drop services using helicopter ambulance services. Patients are now focusing more on premium healthcare facilities in terms of transportation and overall services. Customers in higher income groups put more emphasis on faster pick-up facilities in times of emergency and opt for air ambulance facilities offered by hospitals or independent trauma care centers. For instance, the US has one of the highest costs of healthcare in the world. In 2022, US healthcare spending reached ~US$ 4.5 trillion, which averages to ~US$ 13,493 per person. According to a study published by the American Medical Association, in 2021, the majority of the population was spending on private health insurance policies, which accounted for almost 28.5% of the overall healthcare expenditure. High-range healthcare policies cover all the client's expenses and allow patients to opt for premium services, including emergency helicopter ambulance services. The growing demand for emergency helicopter services among customers positively impacts the overall helicopter emergency medical services market. Germany has a well-structured public healthcare system where all residents can access complete medical care. In Germany, all employed workers pay a healthcare insurance contribution as part of their social security involvement. This is approximately 8% of their gross paycheck, usually matched by the employer, who gives ~7.8%, totaling ~15.8%. In France, the Social Health Insurance system provides coverage to the complete population based on residence via numerous compulsory schemes.
Air Ambulance Cover in Health Insurance Policies
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 helicopter emergency medical services. Digit General Insurance, HDFC ERGO, TATA AIG, and Aditya Birla are a few insurance companies that offer air ambulance services. The increasing number of health 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.
Helicopter Emergency Medical Services Market Report Segmentation Analysis
Key segments that contributed to the derivation of the helicopter emergency medical services market analysis are helicopter type, application, and end use.
- Based on helicopter type, the helicopter emergency medical services market is divided into light helicopter and medium & heavy helicopter. The light helicopter segment held a larger market share in 2023.
- By application, the market is segmented into medical aid and transportation. The transportation segment held a larger share of the market in 2023.
- In terms of end use, the market is bifurcated into commercial and government & emergency response. The commercial segment dominated the market in 2023.
Helicopter Emergency Medical Services Market Share Analysis by Geography
The geographic scope of the helicopter emergency medical services market report is mainly divided into five regions: North America, Asia Pacific, Europe, and Rest of the World.
North America has dominated the helicopter emergency medical services market. The rising prevalence of chronic diseases such as cardiovascular diseases, cancer, and stroke and the growing consumer preference for air ambulance services for improved and immediate medical attention are boosting the demand for helicopter emergency medical services in North America. The region has the presence of helicopter ambulance service providers such as Air Methods, Global Medical Response, and PHI Air Medical. In 2023, Bell Textron Inc. announced that Life Flight Network had procured two additional Bell 407GXi helicopters and planned to obtain an additional Bell 429. Hospitals such as Barnes-Jewish Hospital, Brigham and Women's Hospital, Cedars-Sinai Medical Center, and Cleveland Clinic are collaborating with helicopter ambulance service providers to offer enhanced emergency medical care support to their patients, driving the demand for helicopter emergency medical services in North America.
Helicopter Emergency Medical Services Market News and Recent Developments
The helicopter emergency medical services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for air ambulance services:
- In March 2024, Global Medical Response, Inc.'s Air Evac Lifeteam (Air Evac) team announced a new emergency air medical service transportation basement in Texas. The base consists of a Bell 407 GXI helicopter and trained staffed with Air Evac pilots, flight nurses, and flight paramedic crew members made available in Uvalde, South Texas. The company has a highly trained and experienced crew to respond to time-critical emergency requests in South Texas, US.
- In March 2023, Ambulance Victoria (AV) extended its contract with Babcock to continue providing air ambulance operations to support paramedics in providing the best care to patients across Victoria, Australia. The five-year extension of the existing arrangement for the Air Ambulance helicopter fleet, valued at more than US$ 370 million, will come into effect from January 1, 2026. This partnership helps the company provide the highest level of care for every patient, no matter where they are located across the state.
Helicopter Emergency Medical Services Market Report Coverage and Deliverables
The "Helicopter Emergency Medical Services Market Size and Forecast (2023–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter's Five Forces Analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Helicopter Emergency Medical Services Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 6.29 Billion |
| Market Size by 2031 | US$ 12.51 Billion |
| Global CAGR (2023 - 2031) | 9.0% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Helicopter Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Air Ambulance Cover in Health Insurance Policies is likely to generate new opportunities for market vendors in the coming years.
Increasing Spending on Healthcare-Related Services and Rising Prevalence of Chronic Diseases are acting as major drivers for the helicopter emergency medical services market.
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 the key market players operating in the global helicopter emergency medical services market.
North America is one of the major regions in the helicopter emergency medical services market owing to mounting prevalence of chronic diseases.
Infrastructure Development of Hospitals to Cater to Helicopter Ambulance Services is acting as one of the major trends for the market
The List of Companies - Helicopter Emergency Medical Services Market
- 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
- Ornge
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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