Report : North America Air Ambulance Services Market Forecast to 2031 - Regional Analysis - by Aircraft Type (Rotary Wing and Fixed Wing), Service Model (Hospital-Based, Government Run, and Independent), End User (Domestic and International)
At 8.6% CAGR, North America Air Ambulance Services Market is Projected to be worth US$ 8,418.31 million by 2031, says Business Market Insights
According to Business Market Insights’ research, the North America air ambulance services market was valued at US$ 4,366.12 million in 2023 and is expected to reach US$ 8,418.31 million by 2031, registering a CAGR of 8.6% from 2023 to 2031. Infrastructure development of hospitals to cater to air ambulance services and rising prevalence of chronic diseases are among the critical factors attributed to drive the North America air ambulance services market growth.
Private hospitals and independent care centers are more focused on investing in improving the infrastructure for catering to advanced facilities such as air ambulance services. Hospitals are building new helipads to ensure the smooth service of helicopters for critical patients in a time of need. In 2023, UNM Hospital initiated the construction of a new helipad on the critical care tower with the purpose of improving lifesaving services across New Mexico, Arizona, and Colorado. Further, in November 2023, Ornge, the air ambulance service provider for Canada, added 12 PC-12 single-engine rotary and fixed aircraft. The company planned to modernize its fleets to provide essential air ambulance services for Canadian citizens. Thus, the growing trend of establishing proper infrastructure to cater to emergency medical services is anticipated to boost the growth of the air ambulance services market globally.
On the flip side, lack of healthcare infrastructure in emerging countries hampers the growth of North America air ambulance services market.
Based on aircraft type, the North America air ambulance services market is bifurcated into rotary wing and fixed wing. The rotary wing segment held 57.3% market share in 2023, amassing US$ 2,502.08 million. It is projected to garner US$ 5,023.78 million by 2031 to register 9.1% CAGR during 2023–2031.
In terms of service model, the North America air ambulance services market is categorized into hospital-based, government run, and independent. The hospital-based segment held 59.5% share of North America air ambulance services market in 2023, amassing US$ 2,598.37 million. It is anticipated to garner US$ 5,146.41 million by 2031 to expand at 8.9% CAGR during 2023–2031.
In terms of end user, the North America air ambulance services market is bifurcated into domestic and international. The domestic segment held 63.8% share of North America air ambulance services market in 2023, amassing US$ 2,784.61 million. It is anticipated to garner US$ 5,545.33 million by 2031 to expand at 9.0% CAGR during 2023–2031.
Based on country, the North America air ambulance services market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 76.5% share of North America air ambulance services market in 2023. It was assessed at US$ 3,340.76 million in 2023 and is likely to hit US$ 6,551.04 million by 2031, registering a CAGR of 8.8% during 2023–2031.
Key players operating in the North America air ambulance services market are Air Methods, Babcock International Group Plc, Medical Air Service, and PHI Air Medical, among others.
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