Air Ambulance Services Market Size, Share, Growth Analysis, By Service Operator(Hospital-Based, Government, Independent), By Aircraft Wing(Fixed Wing, Rotary Wing), By Region - Industry Forecast 2024-2031

Air Ambulance Services Market size was valued at USD 15.73 billion in 2019 and is poised to grow from USD 17.4 billion in 2023 to USD 43.08 billion by 2031, growing at a CAGR of 10.6% in the forecast period (2024-2031).

The World Health Organization (WHO) claims that chronic diseases are the major cause of death globally, accounting for approximately 60% of all fatalities. In middle- and low-income nations, chronic diseases account for about 80% of fatalities. By 2025, it is predicted that chronic diseases would impact more than 49% of the population in the United States. Stroke and cardiac conditions are responsible for 30% of deaths in the United States. Globally, cardiovascular illnesses are the main killers. The second most prevalent cause of mortality worldwide is a stroke. According to the WHO, by 2031, chronic diseases would be responsible for around three-quarters of all fatalities worldwide, with ischemic heart disease and stroke accounting for 71% and 75%, respectively, of those fatalities.

Heart conditions are very common in China and India. Chronic conditions like heart disease and stroke typically call for emergency medical care. In these urgent  medical cases, air ambulance services offer quick response. For patients with cardiac, stroke, chronic obstructive pulmonary diseases, and trauma, air ambulances are outfitted with cutting-edge and creative medical care.

During the projection period, the presence of a sizable population pool over 60 years old, which often has a lower immunity level and is susceptible to neurological disorders, heart difficulties, cancer, and spinal injuries, is likely to have a significant positive impact on the market's growth. The WHO predicts that by 2031, there will be approximately 1.5 billion individuals in the world who are 65 or older, up from an estimated 524 million in 2019. The elderly are particularly vulnerable to illnesses like obesity, osteoporosis, arthritis, heart attacks, and strokes. Such disorders may necessitate both an emergency and non-emergency ambulance service approach for patients. The demand for air ambulance services is projected to rise as the elderly population grows.

US Air Ambulance Services Market is poised to grow at a sustainable CAGR for the next forecast year.