Europe Air Ambulance Services Market to Surpass US$ 9,050.9 Million by 2028, Says Coherent Market Insights
SEATTLE, Jan. 14, 2022 /PRNewswire/ -- According to Coherent Market Insights, The Europe air ambulance services market is estimated to be valued at US$ 4,619.0 Mn in 2021 and is expected to exhibit a CAGR of 10.1% over the forecast period (2021-2028).
Key Trends and Analysis of the Europe Air Ambulance Services Market:
Key trends in the market include increasing partnership strategies, government funding, and others.
Increasing government funding and initiatives to support air ambulance services in Europe is expected to stimulate market growth over the forecast period. For instance, in April 2021, Norway and the European Union (EU) had planned to launch an air ambulance with a permanent base in Troms. The air ambulance will transport seriously ill patients with infectious diseases across the EEA and the entire EU.
Market players are focused on signing agreements which are expected to increase the growth of the Europe air ambulance services market over the forecast period. For instance, on May 13, 2021, Babcock, British aerospace, defense and nuclear engineering services company, and the East Anglian Air Ambulance (EAAA) have signed a new seven-year contract and under this agreement, Babcock will be providing exclusive aviation support including advanced helicopters, ground support, engineering and pilots to East Anglian Air Ambulance (EAAA).
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Helicopter manufacturing companies are involved in donating new helicopter series to the market players in the air ambulance services market. This is expected to increase the growth of the market over the forecast period. For instance, in 2020, Airbus Helicopters, the helicopters manufacturing unit of Airbus, delivered the first five-bladed H145 to the Norwegian Air Ambulance Foundation. This new version of H145 light twin-engine helicopter increases the useful load by 150 kg while serving. Moreover, it also received certification from the European Union Aviation Safety Agency in June 2020. Thus, the helicopter can be used for air ambulance services.
Key Market Takeaways:
Increasing number of air ambulance services in European Union (EU) is expected to increase the growth of the market over the forecast period. For instance, the number of helicopters and fixed-wing aircrafts providing such services in the Europe increased from around 42 in 2016 to 1,500 in 2017.
Key players operating in the Europe air ambulance services market include Aero Medical Ambulance Service, Aero-Dienst GmbH, Airlec Air Espace, European Air Ambulance, Flightserve International, IAS Medical, Medical Air Service, Quick Air Jet Charter GmbH, Babcock Scandinavian Air Ambulance, Capital Air Ambulance.
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Detailed Market Segmentation:
Europe Air Ambulance Services Market, By Type:
- Rotary Wing
- Fixed Wing
Europe Air Ambulance Services Market, By Service Model:
- Hospital Based
- Government Run
Europe Air Ambulance Services Market, By End User:
- Aero Medical Ambulance Service
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Aero-Dienst GmbH
- Airlec Air Espace
- European Air Ambulance
- Flightserve International
- IAS Medical
- Medical Air Service
- Quick Air Jet Charter GmbH
- Babcock Scandinavian Air Ambulance
- Capital Air Ambulance
Europe Air Ambulance Services Market, By Region/Country:
- Rest of Europe
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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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