NORTH AMERICA AIR AMBULANCE SERVICE MARKET ANALYSIS

Market Challenges And Opportunities

North America Air Ambulance Service Market– Drivers

Rising number of business development strategies by market players

Key players operating in the North America air ambulance service market are focusing on several business development strategies such as providing air ambulance service, and others to strengthen their geographic presence in the market, and this is expected to fuel the market growth over the forecast period. For instance, in March 2020, Northern Air Solutions (NAS), a provider of air ambulance service, celebrated 15 years of air ambulance services as it continue to connect doctors and organ donations to patients in need of organ transplants.

Furthermore, NAS offers medevac services for Ornge, a non-profit charitable air ambulance organization at Ontario, Canada, with approximately 1,235 organ transplants conducted in Ontario.

• North America Air Ambulance Service Market: Restraints & Challenges
• High cost of air ambulance services

• High cost of air ambulance services: The major factors that hinder growth of the North America air ambulance service market include high cost of air ambulance services. For instance, on August 3, 2023, according to the report published by The American Action Forum, a non-profit , conservative issue advocacy group, approximately 550,000 patients uses air ambulance services annually in the U.S., but often these service trips represent a significant economic burden with a per-trip median cost of US$ 25,000- 36,000.
• Counterbalance: To overcome the challenge, patients can opt for few coverage options for air ambulance transports, to avoid out of the pocket expenses.