India Air Ambulance Services Market to be dominated by Helicopter Type through 2028
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.
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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
- AmbiPalm
- EMSOS
- StanPlus
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“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.
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