Fixed-wing Air Ambulance Service Market Insights, Competitive Landscape and Forecast Report to 2025
The Fixed-wing Air Ambulance Service Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
Market Insights
The global fixed-wing air ambulance service market is projected to reach USD 2.0 billion by 2025, according to Million Insights. The market is anticipated to expand at a CAGR of 9.4% throughout the forecast period, 2018 to 2025. The growing incidence of chronic health issues, including cardiac disorder that requires an instant medical response is anticipated to a positive impact the market growth.
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Medical services in
emergency use rotary-wing and fixed-wing aircraft to move patients to and from
healthcare facilities as well as accident sites. The fixed-wing air ambulance
is quick, reliable, and safe for transporting patients. Air ambulances provides
added advantages over conventional road ambulances that avoids traffic and
reach patient located inisolated are as faster. The fixed-wing air ambulances
are also used for long distances as well as for repatriation to transport
patients. Government support for public healthcare transformations is a key
factor to promote investment in this market.
Fixed-wing air
ambulances services are gaining popularity due to the increasing disposable of
people in economically developing countries. In addition, insurance companies
are covering air ambulance services which also play a vital role in growth of
fixed-wing air ambulance service market.
Rising demand for air
ambulances services has encouraged international service providers to
collaborate with the healthcare sector in developing countries to spread their
global footprints. They are also doing a partnership with several local
organizations to provide air ambulances for employees who are traveling abroad.
Collaboration with government organizations is expected to have positive impact
on market growth. For example, in India, The Municipal Corporation of Mumbai is
striving to offer these healthcare services across Mumbai. In India, there are
countless patients who requires emergency medical services were stuck in the
traffic or not able to reach hospitals due to high connectivity issues.
The major factors which
are influencing the market growth are the emergence of charity-based and
publicly funded services. The service providers play an important role to
support patients who need helps in case of disaster and emergency medical
assistance.
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Ambulance Service Market Report with TOC @ https://www.millioninsights.com/industry-reports/global-fixed-wing-air-ambulance-service-market
Further key findings from the report suggest:
• Service providers are
collaborating with third-party medical escort services to offer assistance to
patients onboard. The segment is expected to exhibit a CAGR of more than 10.0%
during 2018 to 2025.
• Based on service model,
the community based model is projected to have fastest CAGR of over 9.0% over
the forecast period, emerging as the fastest growing segment.
• Consumers of air
ambulance services are urging providers to be affiliated with government bodies
and insurance providers for increasing affordability. This has led several
insurance providers to enlist them in their insurance coverage
• The Asia Pacific market
is estimated to grow with the fastest CAGR on account of increased healthcare
spending of people. The market is estimated to grow at a CAGR of over 12.0%
over the forecast period.
• The major players operating in the fixed-wing air ambulance services
market are FAI rent-a-jet AG, and American Medical Response (AMR).
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