Report Overview

Saudi Arabia Air Ambulance Market - Industry Trends & Forecast Report 2028

Saudi Arabia Air Ambulance Market was worth USD 121.5 million in 2021 and is further projected to reach USD 267.1 million by the year 2028, exhibiting a CAGR of 11.6% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the factors like the nation's developing medical tourism industry and better healthcare infrastructure. The salaries of medical staff, treatment centers, and hospital management are anticipated to benefit from an increase in per capita healthcare spending, which also assist keep the price of medical treatments and pharmaceuticals down. The problem of a lack of medical personnel and facilities can be solved with the growth in per capita healthcare spending. The market for air ambulance services is anticipated to expand as these resources become more readily available. Additionally, air ambulances serve this purpose in medical situations where the patient needs rapid attention, such as cardiac disorders like heart attacks and other health issues like brain strokes. As a result, the Saudi Arabia air ambulance industry is expected to develop over the next five years.

Air Ambulance - Overview

A plane or helicopter equipped with everything needed to transport sick or injured people to a hospital is known as an air ambulance. It is a specially equipped fixed-wing airplane or helicopter using highly specialized medical equipment. The purpose of air ambulance services is to transport people. Patients who are ill or injured are transported from one location to another. Moreover, each air ambulance's equipment can range from breathing apparatus and monitoring systems, pacemakers, and defibrillators, to blood transfusion equipment and a comprehensive supply of medication. Furthermore, air ambulances travel more than two miles every minute. This makes it possible to send paramedics to the scene of an accident promptly and/or to transport the patient to the hospital fast.

Saudi Arabia Air Ambulance Market Forecast and Trends

Growth Drivers

Rising Rates of Heart Attacks, Strokes, and Accidents

For patients who need to be transported to a critical care facility for time-sensitive therapy following a stroke, heart attack, or another traumatic event, air ambulance services are increasingly being used. Every year, about 2 million Saudi Arabians suffer significant injuries in car accidents. In addition, the absence of prompt ambulance services at various sites contributes to nearly 1 million fatalities nationwide each year from cardiovascular disorders. In many situations of trauma, stroke, and heart attacks, time-dependent medical or surgical intervention is necessary. For instance, the effective treatment of ischemic stroke requires the prompt restoration of blood flow to the brain with the aid of an emergency "IV Injection" of recombinant tissue plasminogen activator or an endovascular procedure, both of which can be effectively provided through air ambulance services at various locations. Increased rates of heart attacks, strokes, and trauma thereby open up more room for the expansion of air ambulance services across the country.

Quickly Advancing Technology in Air Ambulance Services

The level of care given to patients being carried in air ambulances is improving because of the use of cutting-edge medical technology. Additionally, thanks to technologically enhanced communication systems, real-time data on a patient's health can be transmitted to hospital specialists, enabling the medical staff to plan for emergencies. To offer patients with emergency medical care, air ambulances are now outfitted with critical care equipment like a ventilator, heart monitor, and defibrillator. All these factors boost the growth of the Saudi Arabia Air Ambulance Market during the forecast period (2022-2028).

Medical Tourism Expansion

The growth of the Saudi Arabia Air Ambulance Market in the years up to 2028 is mostly attributable to the expansion of medical tourism, which allows both foreign nationals and country residents to travel overseas for medical treatment. Additionally, the air ambulances that are currently on the market are fully outfitted with the most cutting-edge medical gear that is portable and only needs a small number of medical professionals. The forecasted expansion of the Saudi Arabian air ambulance industry is further aided by the rising number of emergency responders using air ambulances.

Restraints

High Cost of Air Medical Services & Difficulties with Payment

The cost of air ambulance services is much greater than that of ground ambulance services. Although government and private health insurance programs in Saudi Arabia offer some level of coverage for air ambulance services, the reimbursement rates are quite low when compared to what air medical service providers charge. About 60% and 34%, respectively, of the average cost of air medical transport, are covered by Medicare and Medicaid, leaving patients in many situations with a sizable out-of-pocket price. The high cost of air medical services and difficulties with reimbursement creates a barrier to the market's expansion. All these factors hinder the growth of the Saudi Arabia Air Ambulance Market

Impact of COVID-19 on Saudi Arabia Air Ambulance Market

The COVID-19 crisis caused market uncertainty, a massive slowdown in the supply chain, a drop in business confidence, and an increase in panic among customer segments. Governments in various regions have already declared lockdowns and temporary shutdowns of industries, affecting overall production and sales. The market's growth is being hampered by the temporary closure of various design, development, and manufacturing facilities. Slowing national economies, as well as a focus on fighting the pandemic, negatively impacted market growth. The lockdown occurred as a result of an increase in COVID-19 cases, which temporarily halted various operations in the aviation sector such as manufacturing, raw material supply, and aircraft deliveries. Domestic air passenger numbers have recovered to pre-pandemic levels, particularly in developing regions.

Saudi Arabia Air Ambulance Market - By Type

Based on the type, the Saudi Arabia Air Ambulance Market is segmented Fixed-Wing, Rotary-Wing. Among these, the rotary wing accounts for the largest share in the Saudi Arabia Air Ambulance Market. This is because Due to their accessibility, rotary wing air ambulances are predicted to have the greatest revenue shares in the industry and dominate the market category in the next five years. The helicopters are known as "rotary wing air ambulances" are equipped with all the emergency and transport-related medical tools, furniture, and supplies required so that the patient can be transported in an emergency on a broad rooftop or in a parking lot. All these factors propel the growth of the Saudi Arabia Air Ambulance Market during a forecast period (2022-2028).

Saudi Arabia Air Ambulance Market – By Ownership

Based on ownership, the Saudi Arabia Air Ambulance Market is segmented into Hospital-Based, Community-Based, Glass, and Others. Among these, the hospital-based segment holds the largest market share owing to its high stability and ability to perform in a wide range of temperatures. A hospital often supplies a medical team and collaborates with an aviation service provider to offer aircraft, pilots, and mechanics in a hospital-based service model. The hospital pays the aviation service provider for the service model they provide and requires them to hold a Federal Aviation Administration (FAA) certificate. All these factors boost the growth of the Saudi Arabia Air Ambulance Market during the forecast period (2022-2028).

Saudi Arabia Air Ambulance Market - By Region

Based on region, the Saudi Arabia Air Ambulance Market is segmented into Central, Southern, Eastern, and Western. The Eastern Region and Western Region shared the majority of the nation's revenues. Due to the urbanization and prominent healthcare sectors, the market for Air ambulance systems and equipment is expanding. Also, due to the expansion of the tourism industry in the region, the Western region is predicted to experience steady growth.

Competitive Landscape

The leading market players in the Saudi Arabia Air Ambulance Market are Saudi Arabia Ambulance, Fakeeh International, Alpha Star Air Ambulance, Plures Air, Air Ambulance Worldwide, Global Air Rescue, Human Care Air Ambulance, IAS Medical Company, and other prominent players.

The Saudi Arabia Air Ambulance Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Scope of the Report

By Type

• Fixed-Wing
• Rotary-Wing

By Ownership

• Hospital-Based
• Community-Based
• Glass
• Others

By Service

• Domestic
• International

By Region

• Central
• Southern
• Eastern
• Western

1. Research Framework
   1. Research Objective
   2.  Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Saudi Arabia Air Ambulance Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Saudi Arabia Air Ambulance Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Fixed-Wing
         2. Rotary-Wing
      2. By Ownership
         1. Hospital-Based
         2. Community-Based
         3. Glass
         4. Others
      3. By Service
         1. Domestic
         2. International
      4. By Region
         1. Central
         2. Southern
         3. Eastern
         4. Western
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
7. Impact of COVID-19 on Saudi Arabia Air Ambulance Market Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Saudi Arabia Ambulance
   2. Fakeeh International
   3. Alpha Star Air Ambulance
   4. Plures Air
   5. Air Ambulance Worldwide
   6. Global Air Rescue
   7. Human Care Air Ambulance
   8. IAS Medical Company
   9. Other Prominent Players
9. Key Strategic Recommendations

Note:

Financial information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Saudi Arabia Air Ambulance Segmentation

Figure 2        Saudi Arabia Air Ambulance Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        Saudi Arabia Air Ambulance Market Size, By Value (USD Million), 2018-2028

Figure 5        Saudi Arabia Air Ambulance Market Share, By Type, By Value, 2018-2028

Figure 6        Saudi Arabia Air Ambulance Market Share, By Ownership, By Value, 2018-2028

Figure 7        Saudi Arabia Air Ambulance Market Share, By Service, By Value, 2018-2028

Figure 8        Saudi Arabia Air Ambulance Market Share, By Region, By Value, 2018-2028

Figure 9        Market Share Analysis, 2021

List of Tables

Table 1         Saudi Arabia Air Ambulance Market Size, By Type, By Value, 2018-2028

Table 2         Saudi Arabia Air Ambulance Market Size, By Ownership, By Value, 2018-2028

Table 3         Saudi Arabia Air Ambulance Market Size, By Service, By Value, 2018-2028

Table 4         Saudi Arabia Air Ambulance Market Size, By Region, By Value, 2018-2028

Table 5         Key Players and Their Offerings

Table 6         Competitive Benchmarking, By Operating Parameters

Table 7         Merger, Acquisition, Partnership, etc.

Table 8         Saudi Arabia Ambulance Company Overview

Table 9         Saudi Arabia Ambulance Financial Overview

Table 10        Fakeeh International Company Overview

Table 11        Fakeeh International Financial Overview

Table 12        Alpha Star Air Ambulance Company Overview

Table 13        Alpha Star Air Ambulance Financial Overview

Table 14        Plures Air Company Overview

Table 15        Plures Air Financial Overview

Table 16        Air Ambulance Worldwide Company Overview

Table 17        Air Ambulance Worldwide Financial Overview

Table 18        Global Air Rescue Company Overview

Table 19        Global Air Rescue Financial Overview

Table 20        Human Care Air Ambulance Company Overview

Table 21        Human Care Air Ambulance Financial Overviews

Table 22        IAS Medical Company Overview

Table 23        IAS Medical Company Financial Overview