The global patient transportation market is projected to experience steady growth over the next decade, with total market value expected to rise from USD 22,035.5 million in 2024 to USD 37,639.9 million by 2034, reflecting a compound annual growth rate (CAGR) of 5.5%. Non-emergency patient transportation is anticipated to dominate the sector, accounting for 46.2% of the total market share and driving the majority of the revenue growth.
Non-emergency patient transportation is a crucial component of healthcare systems, providing safe and timely transport for patients requiring regular check-ups, rehabilitation, and follow-up care. The segment is expected to exhibit strong year-on-year growth of 5.5% in 2024, following a revenue contribution of USD 20,886.8 million in 2023. This increase is largely attributed to the growing awareness of healthcare access, especially for the elderly population, who often require regular medical appointments and follow-up care.
The rise in the global geriatric population is a major growth driver for the patient transportation market. Elderly patients often require non-emergency transportation for routine check-ups, rehabilitation, and chronic disease management. Furthermore, the growing awareness and accessibility of non-emergency transport services, coupled with their cost-effective nature, have contributed to their rising popularity. As healthcare providers and governments prioritize patient convenience and accessibility, demand for non-emergency patient transportation is set to expand significantly.
Key Takeaways:
- Market Growth: The global patient transportation market is projected to grow from USD 22,035.5 million in 2024 to USD 37,639.9 million by 2034, with a CAGR of 5.5%.
- Non-Emergency Transport Dominance: Non-emergency patient transportation will account for 46.2% of total market share, driven by increased healthcare access and routine medical check-up needs.
- Growth Drivers: The rise in the geriatric population and increased awareness of cost-effective non-emergency transport services are key drivers of market growth.
- Y-o-Y Growth: The market is projected to witness year-on-year growth of 5.5% in 2024, reflecting sustained demand for patient transportation services.
The patient transportation market is set for significant expansion as healthcare providers prioritize patient access and convenience. The non-emergency segment, in particular, will continue to play a pivotal role, offering safe, affordable, and reliable transport solutions for elderly and chronically ill patients.
Growth Drivers
Several factors are contributing to the expansion of the patient transportation market:
- Aging Population: The increase in elderly individuals necessitates more frequent medical appointments, thereby boosting demand for patient transportation services.
- Healthcare Awareness: Growing public awareness about health and wellness encourages regular check-ups, further driving the need for transportation.
- Accessibility Improvements: Enhanced service accessibility and affordability make non-emergency patient transportation more appealing.
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Competitive Landscape
Key players operating in the patient transportation market are investing in advancements of their facilities. They are also emphasizing on strategic collaborations with hospitals and competitor players with an aim of expansion of their geographical presence.
Recent Industry Developments in Patient Transportation Market
- In December 2023, The Birmingham VA Health Care System launched the Veterans Transportation Service (VTS). This new initiative is designed to offer a comprehensive travel solutions for Veterans for their health care appointments.
- In May 2023, UPMC Children’s Hospital collaborated with Lyft, a provider of on-demand transportation service with an aim of improving the accessibility of transportation at their facilities.
- In February 2023, Good Samaritan, a company engaged in offering of wide range of medical services has collaborated with VanGo transportation service to offer their extended hours of service to the local community for their healthcare needs.
Key Players of Patient Transportation Industry
- ATS Healthcare Solutions
- Xpress Non-Emergency Medical Transportation
- Logisticare
- American Medical Response
- ProHealth Care
- Watts Healthcare
- AMR
- ERS Transition Ltd.
- ModivCare Solutions, LLC
- Goodfaith Medical Transportation Company, Inc.
- Hope Medical Transportation Service LLC
- Falck A/S
- National Medtrans Network
- Air Methods Corporation
- Envision Healthcare Corporation
- Acadian
- NSL Limited
- Airmed International LLC
- Airpal, Inc
Key Segments of Patient Transportation Industry
By Application:
In terms of application, the industry is divided into emergency, non-emergency (mental health support, intensive care patient transport, and others) and non-medical transportation (medical repatriation services, event covers and others)
By End User:
In terms of end user, the industry is segregated into hospitals, medical centers, retirement communities, hospice care facilities, private paying customers and nursing care facilities
By Region:
Key countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, Western Europe, Eastern Europe and Middle East and Africa (MEA) have been covered in the report.
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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