Saudi Arabia Air Ambulance Market, By Type (Fixed-Wing, Rotary-Wing), By Ownership (Hospital-Based, Community-Based, Glass, and Others), By Service (Domestic, International), By Region (Central, Southern, Eastern, and Western)Trend Analysis, Competitive M
Description
Saudi Arabia Air Ambulance Market, By Type (Fixed-Wing, Rotary-Wing), By Ownership (Hospital-Based, Community-Based, Glass, and Others), By Service (Domestic, International), By Region (Central, Southern, Eastern, and Western)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Saudi Arabia Air Ambulance Market to Grow at a CAGR of 11.6%, during Forecast Period
Saudi Arabia Air Ambulance Market is flourishing owing to the increased demand for effective air travel for medical purposes, an increase in the number of emergency responders in air ambulances, and an increase in the number of market participants offering medical tourism and air ambulances..
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia Air Ambulance Market was worth USD 121.5 million in the year 2021. The market is projected to grow at a CAGR of 11.6%, with revenues reaching USD 267.1 million by the end of 2028. The Saudi Arabia Air Ambulance Market is booming because of the rising rates of chronic diseases among people and the healthcare sector's quick adoption of new technologies to reach a larger population. Additionally, the projection period is anticipated to bring about considerable potential prospects for the Saudi Arabia Air Ambulance Market due to the rise in healthcare spending by public and private players as well as the increased attempts to promote Saudi Arabia as a renowned medical tourism destination. Furthermore, Saudi Arabia Air Ambulance Market is one of the most emerging markets that grow continuously owing to the fast integration of new technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), cloud computing, and others. However, the high cost of air medical services & payment issues, along with strict aviation licensing rules, pose obstacles to the market's expansion for air ambulance services, in turn, may act as a huge restraining factor for the market growth.
Increase in Healthcare Spending Fuels Market Growth
The standard of care provided to patients is improved when people and major institutions spend more money per capita on healthcare. The demand for healthcare services during emergencies is fueled by the increase in private specialty hospital construction as well as the spread of healthcare services in outlying areas. Because the great majority of Saudi Arabia is located in the desert, air transportation services are needed to quickly reach remote locations. Saudi Arabia has the most economically developed and diverse market. It claims of having top-notch healthcare services. Moreover, to satisfy the demands of the developing population and achieve the goal of becoming a regional medical tourism hub, the healthcare sector is consistently working to expand. Demand for the air ambulance is anticipated to increase during the forecast period due to the expanding healthcare sector and associated spending.
Technological Advancements Drive Market Expansion
The increase in high-end investments by market participants for advancements in air ambulance services and to upgrade medical devices and equipment is expected to improve the services offered by the level of care provided to patients. They are outfitted with critical healthcare equipment such as heart monitors, ventilators, and other devices, allowing them to provide emergency healthcare to patients. Furthermore, the country's highly developed telecommunications system facilitates communication between the patient's location and the healthcare facilities. It enables the transfer of real-time patient data to healthcare facilities and enables doctors to plan ahead of time for the deployment of emergency services. The advancements in communication technology, as well as medical equipment and devices, are expected to have an impact on the country's demand for air ambulance services.
Segmental Coverage
Saudi Arabia Air Ambulance Market - By Service
Based on service, the Saudi Arabia Air Ambulance Market is segmented into Domestic, International. The domestic segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). Saudi Arabia has long been known for its tourism services and beautiful tourist destinations. With time, Saudi Arabia has also risen to prominence on the global medical tourism map. A large number of medical tourists are flocking to Saudi Arabia in search of the best treatments at the lowest possible cost. Furthermore, in recent years, Saudi Arabia medical practitioners and doctors have earned a good reputation around the world for their skilled treatments.
Impact of COVID-19 on Saudi Arabia Air Ambulance Market
Market turbulence, a significant slowdown in the supply chain, a decline in company confidence, and a rise in fear among customer segments were all effects of the COVID-19 crisis. Governments in several areas have already announced lockdowns and temporary industry closures, which has an impact on overall production and sales. The temporary shutdown of numerous design, development, and production facilities is impeding the market's expansion. The pandemic and the slowing of national economies both had a detrimental impact on the market expansion. A surge in COVID-19 instances led to the lockdown, which briefly suspended several processes in the aviation industry including production, the supply of raw materials, and aircraft deliveries. Particularly in developing nations, domestic air passenger counts have returned to pre-pandemic levels.
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.
Don’t miss the business opportunity in the Saudi Arabia Air Ambulance Market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Saudi Arabia Air Ambulance Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Air Ambulance Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Saudi Arabia Air Ambulance Market to Grow at a CAGR of 11.6%, during Forecast Period
Saudi Arabia Air Ambulance Market is flourishing owing to the increased demand for effective air travel for medical purposes, an increase in the number of emergency responders in air ambulances, and an increase in the number of market participants offering medical tourism and air ambulances..
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia Air Ambulance Market was worth USD 121.5 million in the year 2021. The market is projected to grow at a CAGR of 11.6%, with revenues reaching USD 267.1 million by the end of 2028. The Saudi Arabia Air Ambulance Market is booming because of the rising rates of chronic diseases among people and the healthcare sector's quick adoption of new technologies to reach a larger population. Additionally, the projection period is anticipated to bring about considerable potential prospects for the Saudi Arabia Air Ambulance Market due to the rise in healthcare spending by public and private players as well as the increased attempts to promote Saudi Arabia as a renowned medical tourism destination. Furthermore, Saudi Arabia Air Ambulance Market is one of the most emerging markets that grow continuously owing to the fast integration of new technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), cloud computing, and others. However, the high cost of air medical services & payment issues, along with strict aviation licensing rules, pose obstacles to the market's expansion for air ambulance services, in turn, may act as a huge restraining factor for the market growth.
Increase in Healthcare Spending Fuels Market Growth
The standard of care provided to patients is improved when people and major institutions spend more money per capita on healthcare. The demand for healthcare services during emergencies is fueled by the increase in private specialty hospital construction as well as the spread of healthcare services in outlying areas. Because the great majority of Saudi Arabia is located in the desert, air transportation services are needed to quickly reach remote locations. Saudi Arabia has the most economically developed and diverse market. It claims of having top-notch healthcare services. Moreover, to satisfy the demands of the developing population and achieve the goal of becoming a regional medical tourism hub, the healthcare sector is consistently working to expand. Demand for the air ambulance is anticipated to increase during the forecast period due to the expanding healthcare sector and associated spending.
Technological Advancements Drive Market Expansion
The increase in high-end investments by market participants for advancements in air ambulance services and to upgrade medical devices and equipment is expected to improve the services offered by the level of care provided to patients. They are outfitted with critical healthcare equipment such as heart monitors, ventilators, and other devices, allowing them to provide emergency healthcare to patients. Furthermore, the country's highly developed telecommunications system facilitates communication between the patient's location and the healthcare facilities. It enables the transfer of real-time patient data to healthcare facilities and enables doctors to plan ahead of time for the deployment of emergency services. The advancements in communication technology, as well as medical equipment and devices, are expected to have an impact on the country's demand for air ambulance services.
Segmental Coverage
Saudi Arabia Air Ambulance Market - By Service
Based on service, the Saudi Arabia Air Ambulance Market is segmented into Domestic, International. The domestic segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). Saudi Arabia has long been known for its tourism services and beautiful tourist destinations. With time, Saudi Arabia has also risen to prominence on the global medical tourism map. A large number of medical tourists are flocking to Saudi Arabia in search of the best treatments at the lowest possible cost. Furthermore, in recent years, Saudi Arabia medical practitioners and doctors have earned a good reputation around the world for their skilled treatments.
Impact of COVID-19 on Saudi Arabia Air Ambulance Market
Market turbulence, a significant slowdown in the supply chain, a decline in company confidence, and a rise in fear among customer segments were all effects of the COVID-19 crisis. Governments in several areas have already announced lockdowns and temporary industry closures, which has an impact on overall production and sales. The temporary shutdown of numerous design, development, and production facilities is impeding the market's expansion. The pandemic and the slowing of national economies both had a detrimental impact on the market expansion. A surge in COVID-19 instances led to the lockdown, which briefly suspended several processes in the aviation industry including production, the supply of raw materials, and aircraft deliveries. Particularly in developing nations, domestic air passenger counts have returned to pre-pandemic levels.
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.
Don’t miss the business opportunity in the Saudi Arabia Air Ambulance Market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Saudi Arabia Air Ambulance Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Air Ambulance Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Table of Contents
114 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Saudi Arabia Air Ambulance Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Saudi Arabia Air Ambulance Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Fixed-Wing
- 5.2.1.2. Rotary-Wing
- 5.2.2. By Ownership
- 5.2.2.1. Hospital-Based
- 5.2.2.2. Community-Based
- 5.2.2.3. Glass
- 5.2.2.4. Others
- 5.2.3. By Service
- 5.2.3.1. Domestic
- 5.2.3.2. International
- 5.2.4. By Region
- 5.2.4.1. Central
- 5.2.4.2. Southern
- 5.2.4.3. Eastern
- 5.2.4.4. Western
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. Market Share Analysis, 2021
- 6.3. Competitive Benchmarking, By Operating Parameters
- 6.4. 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)
- 8.1. Saudi Arabia Ambulance
- 8.2. Fakeeh International
- 8.3. Alpha Star Air Ambulance
- 8.4. Plures Air
- 8.5. Air Ambulance Worldwide
- 8.6. Global Air Rescue
- 8.7. Human Care Air Ambulance
- 8.8. IAS Medical Company
- 8.9. 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
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