Air Ambulance Services Market Competitive Landscape Analysis with Forecast by 2025
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On-board medical assistance, favorable policies for reimbursement, rising governmental focus for enhancing the emergency care standards, demand for better emergency health care services are expected to drive the global air ambulance services market. However, operational constraints, high costs, and air ambulance accidental incidences are projected to restrain the global air ambulance services market. High initial capital investments are expected to arrest the entry of new entrants in the market. Superior technological advancements in the on-board medical treatments have attracted the attention of major market players, and increasing number of service providers is expected to serve as huge opportunity for the growth of the global air ambulance services market. The need for maximizing the use of air ambulance assets to offer better emergency care and generation of more profitable returns is anticipated to fuel the growth of the market.
The global air ambulance services market has been segmented based on service type, transport vehicle type, and region. In terms of service type, the market has been classified into hospital services, community services, and other services. Based on transport vehicle type, the market has been segmented into helicopters, aircraft/airplane, and sea-planes. The aircraft segment has been further bifurcated into rotary wing aircraft and fixed wing aircraft. Helicopters offer certain advantages such as comparatively smaller take-off/ground area and ease in landing. These advantages are expected to reflect in increasing market share of the segment.
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In terms of region, the global air ambulance services market has been segmented into five regions:
Increasing health expenditure per capita attributed to improving economic conditions, enhanced access to efficient emergency treatment, rising prevalence rate of cardiovascular diseases worldwide, proper reimbursement policies, increasing number of multinational hospitals equipped with proper air-ambulance services, strategic collaborative initiatives from major market players, and improving medical infrastructure in rural regions are fueling the growth of the global air ambulance services market.
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Key players in the global air ambulance services market are Envision Healthcare Companies,
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