An air ambulance is an aircraft, mostly a helicopter, that is well equipped with all the essential medical facilities. Most commonly, it is used in critical situations and emergencies to provide immediate medical assistance to patients. The presence of trained medical crew onboard helps in treating patients before reaching the hospital. Air ambulances are significantly efficient in addressing problems associated with road ambulances, such as insufficient access to remote locations, and covering long distances in limited time. On account of this, they are widely used during medical emergencies in war zones, evacuation of injured during calamities or accidents, and for patients suffering from cardiac arrest or any other critical medical condition.
According to the latest report by IMARC Group titled, Air Ambulance Market Research Report and Forecast 2019-2024, the market is expected to grow at a CAGR of around 6% during 2019-2024.
Various advancements in the healthcare industry, coupled with the increasing consumer inclination toward the efficient and faster mode of medical treatment, have catalyzed the popularity of the on-time-delivery air ambulance services. Moreover, the growing number of incidences of heart attacks, paralysis attacks, and other fatal diseases have spurred the need for emergency medical response. Other factors, including high investments in the pharmaceutical sector, favorable medical policies for reimbursement, enhanced healthcare infrastructures, and decreasing operational constrains, will continue to fuel the growth of the global air ambulance market in the upcoming years.
The report has also examined the competitive landscape of global air ambulance market. Some of the major players in the market are Cobham, Garmin, Honeywell International, Collins Aerospace (United Technologies Corporation), Elbit Systems Ltd, Thales Group, Safran, Mercury Systems, Harris Corporation, Universal Avionics Systems, Aspen Avionics, Mercury Systems, Avidyne Corporation, ENSCO, etc.
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