Market World Air Ambulance Services Market | Page 2

has intensified the competition in this market. For instance, there exist more than 1,300 aircrafts provided by
300 air ambulance operators, cumulatively, in the U.S.
The incidence of chronic disorders which require an emergency response, for instance, cardiovascular
conditions, are increasing at alarming rate. According to a report published by the WHO, cardiovascular diseases
contributed to the highest number of total global fatalities. In 2012, 17.5 million deaths translating to 31.0% of
the global deaths occurred due to cardiovascular disorders. Air ambulances are highly useful in life-threatening
conditions and therefore, these services have continued to hold a steady demand in spite of being expensive.
Developed economies, for instance, the U.S., provide reimbursement policies which enable the air ambulance
service providers to overcome the issues related to high service prices and helped the market grow at a
remunerative rate. The Government of Accountability Office (GAO) published statistics which say that Medicaid
and Medicare payments contributed to approximately 12.0% and 30.0% of market revenue correspondingly
whereas private insurers contributed to nearly 50.0% of market revenue. The air ambulance services are
expensive, therefore, out of pocket payments are infrequent.
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Type Insights
Based on the type, the global air ambulance market is segmented into fixed wing services and rotary wing
services. The rotary wing services, involving helicopter based air medical transport, held more than 68.0% of
market share in 2016. These services are used for medical transfer of patients for shorter distances. Additionally,
helicopters can easily land on streets, rooftops, and ground thereby increasing the accessibility of these services.
Fixed-wing services refer to aircraft equipped with medical instruments and a medical crew. These services are
used to transfer patients to longer distances. These aircrafts are most commonly business jets or private jets
modified to accommodate medical equipment and crew.
Service Model Insights
Based on the service model, the global air ambulance market is segmented into hospital-based and community-
based services. Hospital-based services held the largest share in 2016 and are projected to grow at a lucrative
rate during the forecast period. A majority of hospitals in developed nations provide these services wherein the
medical crew is supplied by hospitals in emergency response situations.