In a recent published report, Kenneth Research has updated the market report for Air Ambulance Services Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Air Ambulance Services Market products.
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Kenneth Research has recently added a report titled Air Ambulance Services Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Air Ambulance Services Market report provides an in-depth analysis of the Healthcare & Pharmaceuticals during the forecast period 2017-2026 which consists of the industry overview including the market size, volume, growth rate and recent trends and developments in the market based on historical and current data. The report covers detailed information about the key players, market segments, growth drivers and restraints in the industry. The report delivers an insight into the Air Ambulance Services Market which allows our clients to make informed decisions regarding the growth of their businesses.
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The Global Air Ambulance Services Market Size is anticipated to reach over USD 8.2 billion by 2026 according to a new research published by Polaris Market Research.Growing occurrences of life-threatening diseases, such as cardiac ailments demanding emergency medical attention support the growth of the air ambulance market during the forecast period. Moreover, rising attentiveness about air medical transportation services also surges the market growth. In addition, favorable reimbursement policies and increasing government support proving air ambulance services in developed countries, such as the U.S. and Canada helps people avail these services even though the high cost of services.
Refining global expenses led to increased healthcare expenditure and as a result, these have ensured the well-being of mankind. The per head healthcare spending has augmented exponentially during last decade. According to the World Bank Group, healthcare expenses have been increased by approximately 55% during past decade. As an outcome, the demand for better and faster health recovery is increased. Thus, factors such as long travel distance and increasing demand for early diagnosis and medical care are the factors propelling the global air ambulance services market growth significantly.
The global air ambulances services market is segmented on the basis of type, service model, and geography. On the basis of type, the global air ambulance services market is segmented into Rotary-Wing and Fixed-Wing. In 2017, the Rotary-wing type is estimated to dominate the global air ambulance services market growth majorly due to vast use of transportation for shorter distances. On the other hand, fixed-wing air ambulance services include particular airplane with well-equipped medical facilities and staff. For the longer distance patient transportation, this type of aircraft is used. In general, the fixed-wing air ambulance is private jets or business jets that are designed in to accommodate medical amenities as well as the crew.
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On the basis of services model, the global air ambulance services market is further segmented into hospital-based and community-based services model. In 2017, the hospital-based service is anticipated to dominate the segment in air ambulance services market. The dominance is primarily due to the availability of emergency response by medical crew present in the air ambulance. The community-based services are given by the partnerships with private companies and other public health organizations.
North America is estimated to dominate global air ambulance services market. Availability of supportive organization for air medical transportation, favorable reimbursement policies, and high presence of local and external service providers in this North America generates the profitable growth of this air ambulance services market. However, Asia Pacific is anticipated to make a dominating growth in the forecast period. The improving economic environment and developing the significant growth of air medical facilities in countries such as India, China, Japan and presence of multinational corporations marking the significant growth of the air ambulance services market in the Asia Pacific.
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Some major key players in global air ambulance services market include AMR, PHI Air Medical, Scandinavian Air Ambulance, IAS Medical; Express AirMed Transport, Native American Air Ambulance, Lifeguard Air Ambulance, REVA Air Ambulance, and Acadian among others.
How does the report examine the growth drivers and restraints of the Air Ambulance Services Market ?
- The factors resulting in the expansion of the Air Ambulance Services Market are elaborated in the report after thorough primary and secondary research.
- Analytical strategies focused on gain indicators affecting the growth of the Air Ambulance Services Market are presented in graphical formats.
- The business-related trends driving the product consumption are discussed in detail in the report along with industry expertise to minimize the barriers to Air Ambulance Services Market growth.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Air Ambulance Services Market growth and Air Ambulance Services Market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of Air Ambulance Services Market in various geographical regions.
- The competitive landscape analysis on the Air Ambulance Services Market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Air Ambulance Services Market , underlining the growth rate and opportunities offered in the business.
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