Air Ambulance Services Market To Reach USD 9.51 Billion By 2026 | CAGR of 8.7% | Scandinavian Air Ambulance, Express AirMed Transport, IAS Medical
: New York, United States, 28-July-2020, (Via WiredRelease), (Reports and Data) – The global air ambulance services market is expected to reach USD 9.51 Billion by 2026, according to a new report by Reports and Data. Air ambulance services are the transferring of patients either from the site of an accident to a hospital or between hospitals to make advanced medical care at a specialty facility like a trauma, burn or cardiac centers to be provided to the patient.
The market is anticipated to be driven by the offering of onboard medical assistance, availability of better reimbursement policies, increasing emphasis by governments worldwide to provide improved emergency health care services coupled with a growing demand for the same among masses. Advanced technological developments in providing onboard medical treatments are causative of several new players entering the market to seize the opportunity and this, in turn, is expected to drive the market growth.
Rising incidents of fatal diseases comprising cardiovascular disorders that involve emergency medical services are estimated to fuel the growth of the market in the upcoming years. Moreover, growing awareness regarding air ambulance services is also expected to boost market demand in the future.
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
Key participants include
AMR, PHI Air Medical, Scandinavian Air Ambulance, Express AirMed Transport, IAS Medical, Lifeguard Air Ambulance, Native American Air Ambulance, REVA Air Ambulance, Acadian, and Falck Danmark A/S among others.
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For the purpose of this report, Reports and Data have segmented into the global Air Ambulance Services market on the basis of type, propellants, application, and region:
Aircraft Type Outlook (Revenue, USD Million; 2016-2026)
Fixed WingRotary Wing
Service Model Type Outlook (Revenue, USD Million; 2016-2026)
Service Type Outlook (Revenue, USD Million; 2016-2026)
Medical Evacuation and RepatriationMedical Escort Service
Regional Outlook (Revenue, USD Million; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/air-ambulance-services-market
Key insights of the report:
The report delivers key statistics on the current market status of the Air Ambulance Services manufacturers and is a reliable source of guidance and direction for the companies and individuals interested in the industry. The report delivers an overview of the industry, including the basic definition, applications, the latest manufacturing technology, and others. The report comprises of the company profile, product specifications, production capacity, production value, and market shares for the key competitors. The market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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