In-depth research of the expected explosive development of the Global Air Ambulance Services Industry was published by Future Market Insights (FMI) recently. The industry is expected to develop at a strong Compound Annual Growth Rate (CAGR) of 12.3% from 2022 to 2032, rising from its 2021 valuation of US$ 5.5 billion to an astounding US$ 19.5 billion by 2032, the research said.
With an impressive CAGR of more than 12.4% between 2022 and 2032, the rotary-wing air ambulance service is predicted to be the main source of income.
This market analysis on air ambulance services will provide vital data and projections that will enable both established and new participants in the industry to develop long-term plans and ensure company continuity.
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COVID-19 Impact Analysis on Global Air Ambulance Services Industry
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Air Ambulance Services market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Air Ambulance Services market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Air Ambulance Services market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Global Air Ambulance Services Industry: Segmentation
Valuable information covered in FMI’s Air Ambulance Services market report has been segregated into key segments and sub-segments.
By Type:
- Rotary-wing
- Fixed-wing
By Service Model:
- Hospital-based
- Community-based
Global Air Ambulance Services Industry: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Air Ambulance Services market. Competitive information detailed in the Air Ambulance Services market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Air Ambulance Services market report.
Key players covered in the report include:
AMR, PHI Air Medical, Babcock Scandinavian Air Ambulance, Express Air Medical Transport, REVA, Inc., Lifeguard Ambulance Service LLC, Acadian Ambulance, IAS Medical, Ltd., and American Air Ambulance
Important Questions Answered in the Global Air Ambulance Services Industry Report
- Which end-user remains the top revenue contributor in different regional markets?
- At what rate has the global Air Ambulance Services market been expanding during the forecast period?
- How will the global Air Ambulance Services market look like by the end of the forecast period?
- What innovative strategies are adopted by Air Ambulance Services market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Air Ambulance Services market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Air Ambulance Services market
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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