Report : Europe Helicopter Emergency Medical Services Market Forecast to 2031 - Regional Analysis- Helicopter Type (Light Helicopter and Medium & Heavy Helicopter), Application (Medical Aid and Transportation), and End Use (Commercial and Government & Emergency Response)
At 8.3% CAGR, Europe Helicopter Emergency Medical Services Market is Projected to be Worth US$ 3,767.52 Million by 2031, says Business Market Insights
According to Business Market Insights’ research, the Europe helicopter emergency medical services market was valued at US$ 1,994.29 million in 2023 and is expected to reach US$ 3,767.52 million by 2031, registering a CAGR of 8.3% from 2023 to 2031. Infrastructure development of hospitals to cater to helicopter ambulance services and air ambulance cover in health insurance policies are among the critical factors attributed to drive the Europe helicopter emergency medical services market growth.
The growing consumer awareness of the advanced healthcare facilities offered by hospitals and care centers is pushing health insurance companies to cover air ambulance facilities in the policy coverage. The inclusion of air ambulance facilities in the insurance policy is providing growth opportunities for helicopter emergency medical services at the global level. Helicopter ambulances are medically well-equipped with ventilators, ECG machines, required medical equipment, and healthcare professionals on board. This confirms that the patient receives their treatment within the best feasible time. However, advanced medical equipment and expert medical professionals, adding up to the expense of helicopter maintenance, make the helicopter ambulance charges quite expensive. While it is an important factor in critical needs, its expenditure becomes a financial burden on the patient. An air ambulance cover offers financial coverage for the expenditure encountered in opting for an air ambulance in times of requirement. Many insurers offer air ambulance coverage in their health insurance policies. A few others provide it as an add-on service that can be obtained separately from the health insurance policy. However, the coverage and its features may differ across various insurance service providers. Reduced time for long-distance travel, well-equipped facilities to address critical patients, and safe and comfortable transport of patients are among the major attributes of helicopter emergency medical services. Digit General Insurance, HDFC ERGO, TATA AIG, and Aditya Birla are a few insurance companies that offer air ambulance services. The increasing number of health insurance companies covering air ambulance services in health insurance policies is expected to offer opportunities for the helicopter emergency medical services market during the forecast period.
On the contrary, problems with payment and expense of air medical services hampers the growth of Europe helicopter emergency medical services market .
Based on helicopter type, the Europe helicopter emergency medical services market is bifurcated into light helicopter and medium & heavy helicopter. The light helicopter segment held 69.0% market share in 2023, amassing US$ 1,375.80 million. It is projected to garner US$ 2,679.58 million by 2031 to register 8.7% CAGR during 2023–2031.
In terms of application, the Europe helicopter emergency medical services market is divided into medical aid and transportation. The transportation segment held 67.8% share of Europe helicopter emergency medical services market in 2023, amassing US$ 1,352.85 million. It is anticipated to garner US$ 2,496.13 million by 2031 to expand at 8.0% CAGR during 2023–2031.
By end use, the Europe helicopter emergency medical services market is segmented into commercial and government & emergency response. The commercial segment held 74.5% share of Europe helicopter emergency medical services market in 2023, amassing US$ 1,485.73 million. It is anticipated to garner US$ 2,874.61 million by 2031 to expand at 8.6% CAGR during 2023–2031.
Based on country, the Europe helicopter emergency medical services market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 28.8% share of Europe helicopter emergency medical services market in 2023. It was assessed at US$ 574.87 million in 2023 and is likely to hit US$ 1,043.85 million by 2031, registering a CAGR of 7.7% during 2023–2031.
Key players operating in the Europe helicopter emergency medical services market are Babcock International Group Plc; Global Medical Response, Inc.; HeliService International GmbH; and Ornge, among others.
- In September 2021, HeliService was selected to offer emergency medical services by its helicopters for Lincolnshire and Nottinghamshire Air Ambulance.
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