Europe Air Ambulance Services Market size is expected to reach USD 9.8 billion by 2028

 Europe Air Ambulance Services Industry Overview

The Europe air ambulance services market size is expected to reach USD 9.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.2% from 2021 to 2028. The surge in the prevalence of chronic diseases, the rising geriatric population, and increasing healthcare expenditure are key factors for driving the market.

 

Europe Air Ambulance Services Market Segmentation

Grand View Research has segmented the Europe air ambulance services market on the basis of type, model, and country:

Based on the Type Insights, the market is segmented into Rotary Wing and Fixed Wing

  • Hospitals use rotary-wing air ambulance services owing to several advantages offered by these air ambulances. The key benefits offered include mainly cost-effectiveness and rapid response time. They serve patients in emergency circumstances particularly when a speedy response time is estimated.
  • The fixed-wing segment is anticipated to witness the highest CAGR during the forecast period. The segment growth is owing to a broad range of services offered by fixed-wing air ambulances including medical escort service, aero-medical transportation, repatriation, and critical care patient transportation. Moreover, these air ambulances can travel extended distances as they have superior fuel capacity as compared to rotary-wing aircraft.
  • Furthermore, fixed-wing aircraft can also function effectively in adverse weather conditions without risking patient’s ease and quality of care. In addition, the capability to function in adverse weather conditions and surge in medical tourism are two key factors that might be attributed to an upsurge in demand for fixed-wing air ambulance services.

 

Based on the Model Insights, the market is segmented into Hospital-based and Community-based

  • In 2020, the hospital-based segment led the market and accounted for the largest revenue share of over 79.0%. The segmental growth is attributed to several types of services provided by hospitals. In this type of model, a hospital usually delivers a medical team and associates with an aviation service provider for aircraft, pilots, and mechanics.
  • The community-based segment is anticipated to witness the highest CAGR during the forecast period. The fastest growth of this segment is owing to an upsurge in collaborations amongst community health organizations and private players.

 

Europe Air Ambulance Services Country Outlook

  • K.
  • Germany
  • France
  • Italy
  • Spain

 

Key Companies Profile & Market Share Insights

Key players are involved in adopting strategies such as mergers and acquisitions, partnerships, and launching new products to strengthen their foothold in the market for air ambulance services in Europe. In April 2021, Babcock Norway has been granted a novel contract with European Union (EU). This contract intends to provide round-the-clock and speedy jet air ambulance service to the rescEU scheme. The contract also includes aircraft maintenance, facility of workforces along training. 

Some prominent players in the Europe air ambulance services market include:

  • Aero Medical Ambulance Service
  • Aero-Dienst GmbH
  • Airlec Air Espace
  • European Air Ambulance
  • REVA, Inc.
  • IAS Medical
  • Medical Air Service
  • Quick Air Jet Charter GmbH
  • Babcock Scandinavian Air Ambulance
  • Centreline AV Limited
  • Airbus S.A.S.

 

Order a free sample PDF of the Europe Air Ambulance Services Market Intelligence Study, published by Grand View Research.

 

Comments

Post a Comment

Popular posts from this blog

Global Potash Market: Trends, Growth & Forecast 2023-2032

T he global  potash market  size is expected to reach USD 93.50 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032, according to a new study by Grand View Research, Inc. This is attributed to the increasing demand for food and efficient usage of agricultural land. As consumers seek healthier options, there has been a surge in demand for high-value crops like fruits, vegetables, and specialty crops, boosting the demand for potash. Furthermore, the adoption of precision agriculture techniques has become increasingly prevalent in recent years. Precision agriculture involves using advanced technologies and data-driven approaches, such as soil testing and targeted nutrient management, to make informed decisions about fertilizer application.   Farmers are embracing precise and site-specific methods for applying fertilizers, based on field variability and crop requirements. This trend makes way for optimized resource utilization, improved crop performance, and enhanced...
Read more

Smart Ticketing Market Report: Emerging Technologies & Market Opportunities

  The global smart ticketing market size is expected to reach USD 31.65 billion by 2030, growing at a CAGR of 15.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. With the widespread adoption of smartphones, mobile ticketing channels have gained traction, allowing users to purchase, store, and validate tickets directly on their mobile devices, eliminating the need for physical cards or paper tickets. The convenience and ease of use offered by mobile ticketing have contributed to the growth of the market. Smart ticketing systems generate vast amounts of data on passenger journeys, travel patterns, and ticket usage.   Operators leverage this data to gain valuable insights, optimize operations, and improve the overall passenger experience. Data analytics techniques, such as predictive modeling and real-time monitoring, are being applied to enhance efficiency, manage capacity, and offer personalized services, which bode well for smart ticketing...
Read more

Boosting Crop Yields: India Foliar Fertilizer Market Trends & Forecasts

  The  India foliar fertilizer market  size is expected to reach USD 4.9 billion by 2030, expanding at a CAGR of 11.3% during the forecast period, as per a new report by Grand View Research, Inc. The industry growth is majorly driven by surged demand for food due to increasing population coupled with supportive government initiatives and decreasing arable land in the country.   There has been a significant increase in the global prices of fertilizers and foliar fertilizers. As such, farmers falling into small- and marginal-income categories cannot afford to buy fertilizers resulting in reduced agricultural yields. This has led the Government of India to take initiatives to provide fertilizer subsidies to farmers in the country to make them affordable at subsidized prices. For instance, the Government of India announced a subsidy scheme related to fertilizers worth USD 27 billion in 2022 to ensure that fertilizers are affordable for every farmer in the country. Thus, ...
Read more