North America air ambulance service market is estimated to be valued at US$ 2.8 Bn in 2023, and is expected to exhibit a CAGR of 7.9% during the forecast period (2023-2030).
Market Trends
The companies operating in the market are integrating air ambulance services for safe transport of COVID-19 patients, and this is expected to propel the market growth in the near future. For instance, in September 2020, International Critical Air Transfer Team (ICATT), a specialized air ambulance service for comprehensive patient, launched –Kyathia, an integrated air ambulance services for safe transport of COVID-19 patients. The ICATT Kyathi’s fixed wing aircraft for long distance emergency medical transport, combined with helicopter and land ambulance services, provides last mile connectivity.
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.
Increasing changes in lifestyles
Increasing changes in lifestyles are considered a major cause of cancer. Thus, the increasing prevalence of cancer globally is expected to boost growth of the market over the forecast period, as arrays are used in diagnostics for various indications such as cancer and others.
North America Air Ambulance Service Market Report Snapshots
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