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Non-Emergency Medical Transportation Market Size Hit 15,579.98 million by 2028 Lead By MODIVCARE, ERS Transition, FirstGroup, MTM, Xpress Transportation, Crothall Healthcare, Elite Medical Transport

08-18-2022 03:20 PM CET | Logistics & Transport

Press release from: The Insight Partners

Non-Emergency Medical Transportation Market Size Hit

The non-emergency medical transportation market is expected to grow from US$ 8,658.87 million in 2021 to US$ 15,579.98 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2022 to 2028.

ABC Non-Emergency Medical Transportation, LLC; MTM, Inc.; AMR; Xpress Transportation; CJ Medical Transportation; Southeastrans; ModivCare; Crothall Healthcare; Elite Medical Transport; Acadian Ambulance Service; ERS Transition Ltd.; Global Rescue Ltd; London Medical Transportation System; and FirstGroup, plc. are among the leading companies operating in the non-emergency medical transportation market.

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The transportation sector took a massive blow in the COVID-19 pandemic. Public transport was shut down, and other transportation mediums, such as taxis, were operating under strict guidelines. For the daily commute, especially for seniors who opted for ride-sharing to visit doctors' appointments faced several barriers. Chronically ill and senior members living in rural areas with low income, no insurance, and limited access to healthcare rely on public transport.

They faced barriers to see a doctor during the pandemic. They had no way to reach their healthcare providers and indulge in regular medical activities. The pandemic disrupted NEMT consumers' ability and desire to schedule trips to hospitals, as most consumers stayed at home due to the fear of getting novel coronavirus infection. The increasing use of telehealth is likely to disrupt NEMT utilization in the coming years. These factors would have negative impact on the market during the forecast period.

Based on service type, the non-emergency medical transportation market is segmented into private pay patient transportation, insurance backed patient transportation, courier services, and others. In 2021, the private pay patient transportation segment held the largest share of the market. Moreover, the same segment is estimated to register the highest CAGR of 9.4% during the forecast period. The market growth for the segment is attributed to the various benefits of private pay patient transportation, including custom NEMT rates of reimbursement with higher margins compared to other, distance of trip, and tendency to travel during off-peak hours in addition to regular business hours.

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Currently, private pay transportation is essential aspect for shifting the insurance scenario in the NEMT businesses, especially for non-Medicaid members. A growing number of people not covered by Medicaid relies on NEMT firms for transportation services. Private pay services are flexible and cost-efficient. The process is low-cost compared to that of Medicaid clients. Furthermore, the rapid increase in aging population in emerging counties, increase the need for better and more efficient ways of getting them over to the doctor's appointment through NEMT and other mediums of transport for delicate patients and driven by health professionals like critical care nurses and paramedics, this service is ideal for the elderly as they need to be taken care of at all times.

Based on service type, the non-emergency medical transportation market is segmented into private pay patient transportation, insurance backed patient transportation, courier services, and others. Based on application, the market is segmented into dialysis, routine doctor visits, mental health related appointments, rehabilitation, and others. By geography, the non-emergency medical transportation market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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