Helicopter Emergency Medical Services Market is expected to reach US$ 12.51 billion by 2031

Increasing Spending on Healthcare-Related Services Fueling Helicopter Emergency Medical Services Market Growth

According to our latest market study on "Helicopter Emergency Medical Services Market Forecast to 2031 – Global Analysis – by Helicopter Type (Light Helicopter and Medium and Heavy Helicopter), Application (Medical Aid and Transportation), End Use (Commercial and Government & Emergency Response), and Geography," the market is expected to reach US$ 12.51 billion by 2031 from US$ 6.29 billion in 2023. It is expected to register a CAGR of 9.0% from 2023 to 2031. The report includes growth prospects in light of current helicopter emergency medical services market trends and driving factors influencing the market growth.

The helicopter emergency medical services market size is likely to surge by 2031 owing to their growing coverage, improved services, and rising expenditure by public and private players. In addition, with the increasing awareness and focus on well-being and health-related concerns, the majority of the population is increasing spending on healthcare-related services. Rising household income and increasing awareness about health and wellness have resulted in a growing demand for medical and healthcare services, including better treatment facilities, multi-specialty hospitals, advanced medical equipment and devices, and patient pick-up and drop services using air ambulance services. Patients are now focusing more on premium healthcare facilities in terms of transportation and overall services. Customers in higher income groups emphasized faster pick-up facilities in times of emergency and opted for air ambulance facilities offered by hospitals or independent trauma care centers. For instance, the US has one of the highest healthcare costs in the world. In 2022, US healthcare spending reached ~US$ 4.5 trillion, which averages to ~US$ 13,493 per person. According to a study published by the American Medical Association, in 2021, the majority of the population was spending on private health insurance policies, which accounted for almost 28.5% of the overall healthcare expenditure. High-range healthcare policies cover all the client's expenses and allow patients to opt for premium services, including ambulance services. The growing demand for air ambulance services among customers positively impacts the market growth. Germany has a well-structured public healthcare system where all residents can access complete medical care. In Germany, all employed workers pay a healthcare insurance contribution as part of their social security involvement. This is approximately 8% of their gross paycheck, usually matched by the employer, who gives ~7.8%, totaling ~15.8%. In France, the Social Health Insurance system provides coverage to the complete population based on residence via numerous compulsory schemes. 

Helicopter Emergency Medical Services Market Share — by Region, 2023

Source: The Insight Partners Analysis

Since April 2020, healthcare spending in India has grown widely and experienced a small spike in 2021. Post-COVID-19, the total expenditure on healthcare grew from ~US$ 1.2 billion in March 2021 to ~US$ 1.26 billion in April 2021, which included spending on healthcare services such as doctor fees, medicines, hospital facilities and services, and medical tests. Thus, the increasing spending on premium healthcare services and facilities for fast recovery and immediate healthcare support propels the helicopter emergency medical services market growth.

Geographically, the scope of the helicopter emergency medical services market report is primarily divided into North America (the US, Canada, and Mexico), Europe (Russia, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Rest of the World (the Middle East & Africa and South America).

The helicopter emergency medical services market analysis has been performed by considering the following segments: helicopter type, application, and end use. Based on helicopter type, the light helicopter segment accounted for the majority of the market share in 2023, and it is predicted to continue its dominance over the forecast period. Based on application, the transportation segment dominated the helicopter emergency ambulance services market in 2023, and it is expected to continue its dominance during the forecast period as well.

The COVID-19 pandemic boosted the demand for air ambulance services across different regions due to the rise in medical transportation emergencies. This further pushed new companies to come forward and contribute to the betterment of medical ecosystems across different countries. Several new companies in the helicopter emergency medical services market received good recognition in terms of the support they provided during the COVID-19 emergencies. Currently, the majority of such companies have started to provide air ambulance services for non-COVID emergency cases as well, which is driving the growth of the air ambulance market across different regions.

Several countries have been adopting air ambulance services for their respective regions. For instance, in January 2023, the Bulgarian Ministry of Health announced its plans to acquire six emergency medical helicopters in order to launch a state-run air ambulance service in the region. Similarly, other European countries have also been pushing their investments in terms of establishing or boosting their existing air ambulance services ecosystem to provide better medical services across their respective countries. For instance, in December 2023, Gama Aviation, the UK-based aviation service provider, announced that it had full control of the Welsh Air Ambulance Charity’s fleet of helicopters in a contract worth US$ 82.7 million, set to start by January 2024. Following this contract, the company will operate four Airbus H145 helicopters from four different locations, including Dafen, Cardiff, Caernarfon, and Welshpool.

In terms of revenue, North America dominated the helicopter emergency medical services market share in 2023. The North America market is categorized into the US, Canada, and Mexico. The high presence of helicopter emergency medical service providers, such as Air Methods, Global Medical Response, and PHI Air Medical, in North America is acting as a major driver for the helicopter emergency medical services market in the region.

The rising healthcare spending across Europe and the increasing demand for advanced healthcare facilities are propelling the helicopter emergency medical services market growth. Increase in the aging population and rise in the prevalence of chronic diseases are driving the helicopter emergency medical services market globally. In addition, with the increasing awareness and focus on well-being and health-related concerns, the majority of the population is increasing expenditure on healthcare-related services, including improved treatment amenities, multi-specialty hospitals, advanced medical apparatus and devices, and patient pick-up and drop-off services using helicopter ambulance services.

The growing occurrence of chronic diseases among the geriatric population, women, and children is driving the demand for proper healthcare facilities that consist of helicopter emergency medical services for transportation to hospitals or immediate medical support. Care centers are offering chronic disease management services. In chronic care management services, patients can select premium facilities such as helicopter ambulance services to reduce travel time to hospitals.

The growing government focus on urban healthcare facilities as a part of smart city development across different countries in Asia Pacific, such as China, India, South Korea, and Japan, propels the growth of the helicopter emergency medical services market across the region.

The rising demand for air ambulance services bolsters the growth of helicopter emergency medical services in the Middle East & Africa. The growth of healthcare services in South America is attributed to population growth and urbanization, which fuels the need for increased emergency medical support. As a result, the healthcare sector in South America attracts significant investments in helicopter emergency medical services.

Global Medical Response, Inc.; Air Methods; Tohoku Air Service, Inc., Babcock International Group Plc; Heliservice International GmbH; PHI Air Medical; CareFlight; Helijet International Inc.; STARS; and Ornge are among the prominent players profiled in the helicopter emergency medical services market report. In addition, several other important market players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem.

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