The increasing incidence of life-threatening diseases is expected to drive the growth of India’s Air Ambulance Services market in the forecast period, 2024-2028.
According to TechSci Research report, “India Air Ambulance Services Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the India Air Ambulance Services market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the growing number of accidents along with other life-taking threats such as heart attack, major stroke, trauma, burn cases, and some other medical ailments. Similarly, the growing demand for efficient ambulance services to be present which is expected to create lucrative growth in the Indian air ambulance services market during the forecast period. Besides, increasing healthcare expenditure in India and awareness regarding availability of different healthcare services in the country is expected to open new prospects for the market growth in the coming years. Similarly, the availability of qualified medical staff on board to manage patients in crisis circumstances while traveling to the hospital further drives the growth of the market during the forecast period.
However, strict regulations for aviation licenses along with the high cost of medical services, and payment issues may hamper the growth of the India Air Ambulance Services market in the forecast period. The average cost of an air ambulance in India ranges from INR 0.16 million- INR 0.2 million per hour. However, the final cost depends upon the type of ambulance and distance covered. This in turn is expected to restrict the market growth in India. Also, a lack of healthcare infrastructure and an inadequate number of aircraft in emerging countries can restrain the growth of the market during the forecast period.
India Air Ambulance Services market can be segmented by type, by service provider, by service, and by region.
Based on Service Provider, the India Air Ambulance Services market can be segmented into Hospital-Based, Independent Operators, Government/Non-Profit Organizations, and Others. The Government/Non-Profit Organizations segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to increasing investment by the government in the healthcare sector along with the growing demand for unmanned aerial vehicles to support medical evacuation on the battlefield. Similarly, growing demand for better healthcare services would be made available to residents in a rural district with a high tribal population at no cost to them which is expected to create significant growth during the forecast period.
Based on Type, the market can be divided into Aeroplane, and Helicopter. The Helicopter segment is expected to dominate during the forecast period on account due to the growing demand for usage of helicopter-based air ambulances for some critical situations mainly dealing with emergency responses along with the growing number of key players in the market for the development of new air ambulance. Similarly, growing awareness about life support services and the presence of trained healthcare professionals to tackle any situation are the other significant contributing factors to the high demand for Indian air ambulance services during the forecast period.
Major companies operating in the India Air Ambulance Services market are:
- Blade India
- Accretion Aviation
- Air Charter Services Pvt. Ltd.
- Apollo Hospital Enterprise, Ltd.
- Air Rescuers World Wide Pvt Ltd
- Flaps Aviation Pvt. Ltd.
- Medanta Group
- Vedanta Air Ambulance
Customers can also request for 10% free customization on this report.
“North India is expected to dominate in the India Air Ambulance Services market on account of the presence of large number of air ambulances in the region along with different operators in the region, especially in Delhi. Furthermore, rapidly growing medical tourism in this industry has significantly increased the demand for air ambulance services in this region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Air Ambulance Services Market By Type (Aeroplane, Helicopter), By Service Provider (Hospital-Based, Independent Operators, Government/Non-Profit Organization, Others), By Service (Domestic v/s International), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of India Air Ambulance Services market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Air Ambulance Services market.