Advancements
in healthcare technology along with increasing patient inclination
towards faster and efficient mode of delivery has led to rampant
growth of efficient and on-the-time delivery air ambulance services
market size. Air ambulance services refer to transport or evacuation
facilities provided to patients in emergency situations at the
accident site, home, or hospital. Air ambulances are equipped with
advanced medical facilities, including devices used in emergencies,
to provide immediate medical care to the patient until he/she reaches
the nearest hospital. Moreover, air ambulances have trained medical
crew onboard to treat patients in emergency situations en route to
the hospital. Air ambulance efficiently addresses the issue of long
travel time and inadequate reach to remote areas faced in road
ambulance service. Air ambulance services have thus become an
essential component of the modern healthcare system.
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Global
Top Key Players
In
terms of number of players, there are various small players operating
with a small fleet of planes across the globe. Some of the major
players in the global air ambulance services market are Air Methods
Corporation, Deccan Charters, Scandinavian Air Ambulance, Air
Ambulance Specialists, Air Charter Service, and Air Methods.
Faster
Reach and Onboard Assistance Driving Demand
Some
key global air ambulance services market drivers include its ability
to faster reach compared to road ambulance and onboard medical
assistance. Also, air ambulance services are widely utilized on the
warfront to rescue injured soldiers and provide emergency medical
care to them.
Favorable
reimbursement policies for air ambulance services are propelling
demand for air ambulance services among patients. Certain insurance
providers in Canada reimburse around 80% of the total service cost of
air ambulance. This reimbursement policy is applicable for patients
who require immediate hospitalization. This policy, however, excludes
non-emergency patients, thus increasing cost of this service for such
patients. This is a major air ambulance services market restraint.
Formulation of strict safety rules by the Federal Aviation
Administration (FAA) is one of the factors anticipated to reduce
profit margins of air ambulance service providers, which would also
hinder the growth of air ambulance services market revenue during the
forecast period (2016–2024).
Ambulance
Drones: A Fast Emerging Possible Nemesis
Air
ambulance service is a capital intensive business, which increases
entry barriers for new entrants in the market. Moreover, the advent
of ambulance drones will also impact demand for air ambulance in
future. The high cost of availing the air ambulance service in
comparison to a cheaper ambulance drone would be restrain market
growth of air ambulance to a major extent.
Increasing
use of Helicopters in Air Ambulance
The
global air ambulance services market outlook can be analyzed on the
basis of type of aircraft as follows:
Helicopter
Aircraft/Airplane
-
Rotary winged aircraft
-
Fixed winged aircraft
Sea-Planes
Use
of helicopters in air ambulance is increasing owing to its
convenience in landing and taking-off from a smaller ground area.
Moreover, helicopter enables wider reach in remote areas compared to
winged aircrafts/airplanes, which require more space for landing and
take-off. Companies are also making use of sea planes and corporate
planes depending on the demand and patient location.
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