Summary
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
India Air Ambulance Services Market is anticipated to witness an impressive growth during the forecast period on account of growing medical tourism in India.The emergence of India as a popular medical tourist destination due to the availability to world-class services at an affordable price is expected to create lucrative opportunities for the growth of India Ambulance Service Market for both inbound and outbound medical tourism.
According to Ministry of Tourism, Bureau of Immigration, around 697,000 medical tourists visited India for availing different types of treatments in 2019. Furthermore, growing adoption of modern technologies and the implementation of swift technological developments in such services across the country.
According to Minister of State for Civil Aviation, India has only 49 air ambulance been operated by 19 operators.Out of these 49, Delhi has 39 air ambulances followed by Maharashtra with 5.
Around 4,100 patients have availed air ambulance services in India in the last two-three years. Over the years people availing air ambulance services has significantly increased and this is expected to create huge prospects for market growth in the coming years.
Increasing Incidence of Chronic Diseases and Accidental Cases
The increasing prevalence of life-threatening diseases such as cancer, neurological disorders, cardiovascular diseases is expected to create lucrative opportunities for market growth during the forecast period.Also, the growing aging populations are more susceptible to different types of chronic diseases like stroke which will further boost the market growth over the years.
The number of senior citizens suffering from cardiovascular disease across India is expected to reach around 19.1 million by 2050. Similarly, the rise in the adoption of commercial and personal vehicles has resulted in a high number of accidents across the country which creates a need for immediate hospital admission for medical treatment and support. This in turn enhances the demand for ambulance services and boosts the air ambulance services market during the forecast period. According to the Ministry of Road Transport & Highways (MORTH) of India, about 1.3 lakh people died due to road crashes, and 3.4 lakh people were injured in 2020. Also, the global pandemic has provided a significant demand for air ambulance services.
Advantages of Air Ambulance Services
Benefits associated with air ambulances such as adoption of advanced technologies such as using advanced ventilator systems and heart monitoring systems in the air ambulance services increase the chances of patients’ survival is expected to support the growth of India air ambulance services market.Additionally, air ambulances help in ensuring safe transportation of patients to the nearest hospital.
Lack of healthcare infrastructure in rural areas, has made people travel to different cities for treatment which is expected to enhance the demand for air ambulance services over the years.Air ambulance services are available in rural areas on a need and availability basis.
Odisha (India) Chief Minister unveiled an air health services program, marking a great development in the field of healthcare services. As a result, it became one of the first states to offer air ambulance services to the impoverished in the interior’s rural districts.
Besides, there are times when patients are suffering in such unfavourable conditions that they can’t tolerate long road journeys to the hospitals which will boost the market growth during the forecast period. Advancements in medical crisis management such as advancements in communication and GPS tracking systems which will drive the India Air Ambulance Services Market growth during the forecast period.
Market Segmentation
India Air Ambulance Services Market can be segmented by type, service provider, by service, and region.Based on Type, the market can be divided into Aeroplane, Helicopter.
Based on Service providers, the market can be segmented into Hospital-Based, Independent Operators, Government/Non-Profit Organizations, Others. Based on Services, the market can be divided into Domestic v/s International.
Recent Developments:
• In 2021, US-based helicopter transport services provider Blade’s Indian subsidiary on Wednesday announced the launch of medical emergency services across the country, amid increasing demand for air ambulance services in the wake of the pandemic.
• In November 2022, Vishjet India Pvt. Ltd. launched its operations in Chennai to provide air ambulance and charter services. U.S.-manufactured King Air C 90, which is a six-seater twin turboprop equipped for medical transfers and for executive charters. The next aircraft we will add to our fleet is Learjet 45 XR with a seating capacity of eight.
• In March 2022, Aircraft-maker Airbus signed a memorandum of understanding (MoU) with Airlift Global, a company backed by UK-based AUM Capital, to develop a helicopter emergency medical service (HEMS) and associated air medical service in India.
Market Players
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 are some of the leading players operating in the India Air Ambulance Services Market.
Report Scope:
In this report, the India Air Ambulance Services market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• India Air Ambulance Services Market, By Type:
o Aeroplane
o Helicopter
• India Air Ambulance Services Market, By Service Provider:
o Hospital-Based
o Independent Operators
o Government/Non-Profit Organizations
o Others
• India Air Ambulance Services Market, By Services:
o Domestic
o International
• India Air Ambulance Services Market, By Region:
o South India
o North India
o West India
o East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present India Air Ambulance Services Market.
Available Customizations:
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
