Air ambulances services are an umbrella term covering the use of aircraft to transport patients to hospitals. Common medical equipment in these aircraft includes CPR (cardiopulmonary resuscitation) equipment, electrocardiographs (ECGs), monitoring devices, and stretchers. The personnel provide emergency treatment to consumers suffering from serious medical conditions. It even provides services of organ transfer for transplantation services.
Latest Trends
Air ambulance services are investing in tie-ups with local hospitals to aid customers in rural communities. They are integrating other devices such as radar altimeters, night-vision goggles, and (Terrain Awareness and Warning System) to extend their services to customers during night hours. For instance, Thames Valley Air Ambulance, a non-profit organization has extended its number of personnel as well as its equipment to respond better to emergency calls.
Lawmakers are attempting to pass a policy which can reduce the exorbitant prices charges towards consumers for such services. It would require the hospital to call the patient’s insurance carrier in order to confirm its coverage before charging the customer. For instance, AMR Air Hawaii and Hawaii Life Flight are two carriers which provide transportation services between Oahu and Big Island.
Market Outlook
The worldwide air ambulance services market size is estimated to exceed USD 8 billion by 2025. It is projected to grow at a considerable CAGR over 9% during the forecast period (2014 - 2025). The market is driven by the increasing incidence of cardiovascular disorders globally. Improving medical infrastructure and reimbursement policies which cover such services are encouraging market growth.
Fixed-wing and rotary-wing are two major types of air ambulance services. Rotary-wing services had dominated the market in 2016 on account of these air ambulances having a better landing capability on streets and rooftops. Hospital based air ambulances services had led the global market in 2015. It is expected to continue its dominance throughout the forecast period. Notable players include Scandinavian Air Ambulance, AMR (American Medical Response), Acadia, and PHI Air Medical.
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