The global is poised for substantial growth from 2022 to 2023. One of the considerations supporting the market growth is the need for air ambulances in the medical industry. Air ambulances are used to provide a wide range of services to patients amidst the pandemic. Furthermore, the association of consumer awareness in opting for air ambulance services as per UnivDatos Market Insights and the rise in the number of patients suffering from traumatic injuries and chronic diseases are driving the growth plans of air ambulances. According to the Global Air Ambulance Market report, the global market is valued at US$ 6,795.5 million in 2023, and is expected to grow at a CAGR of 10.92% during the forecast period 2024-2032, reaching US$ XX million by 2032.
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An ageing population with urgent medical needs:
The ageing population worldwide is one of the priority potential customers for air ambulance services. They often suffer from both: 1 in 6 people in the world will be over 60% Moreover, by 2050, over 80% will be elderly and live in low and medium outcome countries.
With birth rates slowing down across the globe and a conceivable number of young and middle-aged people starting to suffer from lifestyle and age-related diseases in the coming years, the demand for air ambulances will increase significantly, further propelling the market growth.
With an ageing population across the globe, on-demand services for rapid transportation of medical services are expected to increase the demand for air ambulances over the next few years, from 2024 to 2032.
Electric aircraft gaining popularity in air ambulance services
Vertical electric take-off and landing aircraft have zero carbon dioxide emissions during transportation and significantly lower operating costs, which will further reduce the operational burden on users in the long term, and as a result, they are seen as a realistic alternative to conventional aircraft. Many major aircraft manufacturers have recently cooperated in the development of electric aircraft, which is set to become a phenomenon to watch in the coming years and further drive the demand for air ambulance services in the long term. Incidentally, in 2024, Aero-Dienst and Munich-based Vaeridion announced that they would cooperate in the development and testing of T-trail-based aircraft.
Furthermore, many healthcare providers are opting to introduce electric air ambulances in their fleets, which will contribute significantly to the growth of the market.
As another example, in 2021 Australian medical flight service CareFlight and electric aircraft company Vertiia announced they would partner to develop an electric vertical take-off and landing (eVTOL) aircraft with a cruising speed of about 300 km/h (about 186.4 mph), and can fly up to 800 km (about 497.1 miles) on hydrogen power.
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Conclusion:
The global air ambulance market is undergoing a period of transformation driven by technological advancements, the need for medical transport operations, digitalization, market trends, and government policy implementation.
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