Air ambulance services market size to surpass $47.1 billion by 2032
Growth is driven by increasing incidence of chronic diseases and need for medical attention
The air ambulance services market size is expected to be worth around US$47.1 billion by 2032, up from $17.5 billion in 2022.
Timely emergency medical attention is required for chronic diseases, which air ambulance services can provide. Modern and innovative medical treatment for stroke, cardiac, and chronic obstructive lung disorders and trauma patients is provided by air ambulances.
It is growing at a compound annual growth rate (CAGR) of 10.7 per cent during the forecast period from 2023 to 2032, according to Market.us.
This rise in chronic diseases, alongside increased air ambulance capabilities, is assisting in the market’s growth.
Additional findings
- By aircraft type, in 2022, the rotary-wing model held the largest market share
- By service operator, the hospital-based segment had the highest market revenue due to the improvement in hospitals’ business models
- By application, in 2022, the market share for inter-facility was the highest
- North America overwhelmed the air ambulance market with a revenue share of 38.8 per cent in 2022
- Asia-Pacific has the fastest-growing air ambulance market due to significant government investment in improving its health infrastructure.
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