defined regulatory framework and favorable reimbursement policies are some of the factors contributing to the dominance of the air ambulance services market in North America and Europe . Developing countries of Asia Pacific , Latina America and Middle East are expected to show swift growth in the demand for air ambulance services . Factors such as rapidly growing medical tourism , improving medical infrastructure , and increasing disposable income are projected to boost growth of air ambulance services market in these regions . Air ambulance service providers in India such as Aviators Air Rescue , Aeromed , Innovation Aviation Pvt Ltd , JetSetGo , Air Ambulance Aviation , and Medanta ’ s Flying Doctors are collaborating with insurance providers to make the service affordable to all . However , lack of infrastructur e and inadequate number of aircraft is deterring operators to meet demand for air ambulance in the country .
Faster Reach and Onboard Assistance Driving Demand
Some key global air ambulance services market drivers include its ability to faster reach compared to road ambulance and onboard medical assistance . Also , air ambulance services are widely utilized on the warfront to rescue injured soldiers and provide emergency medical care to them .
Favorable reimbursement policies for air ambulance services are propelling demand for air ambulance services among patients . Certain insurance providers in Canada reimburse around 80 % of the total service cost of air ambulance . This reimbursement policy is applicable for patients who require immediate hospitalization . This policy , however , excludes non-emergency patients , thus increasing cost of this service for such patients . This is a major air ambulance services market restraint . Formulation of strict safety rules by the Federal Aviation Administration ( FAA ) is one of the factors anticipated to reduce profit margins of air ambulance service providers , which would also hinder the growth of air ambulance services market revenue during the forecast period ( 2016 – 2024 ).
About Us
About Coherent Market Insights :
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports , custom market analysis , consulting services , and competitive analysis through various recommendations related to emerging market trends , technologies , and potential absolute dollar opportunity .
Contact Us
Mr . Shah 1001 4th Ave , # 3200 Seattle , WA 98154 Tel No : (+ 1 ) 206-701-6702 sales @ coherentmarketinsights . com Visit Blog : http :// healthcaremarketconsulting . blogspot . in /