The Non-Emergency Medical Transportation Market to grow on the back of on-demand healthcare, witnessing a CAGR of 9%

As of the current year, 2022, the non-emergency medical transportation market share is estimated at US$ 9438.17 Mn. With the growing use of renewable energy, the demand for non-emergency medical transportation is likely to flourish, garnering US$ 22343.58 Mn and exhibiting a 9% CAGR from 2022-2032.

Beneficiaries of NEMT services include the elderly, the license-less, the car-less, and the disabled. The rise in individuals aged 65 or over in countries such as Japan and Italy is one of the primary causes for the expansion of the global non-emergency medical transportation market. Perhaps most surprisingly, NEMT is paid for by the U.S. government through the Medicaid program. Medicaid recipients are entitled to one-way and round-trip rides. Having a well-organized NEMT is expected to assist people in getting to their medical appointments on time, reduce the amount of money they must spend on emergency transportation, and prevent them from missing any of their appointments.

The non-emergency medical transportation market is a growing industry, driven by the increasing demand for healthcare services and the aging population. In recent years, the market has been influenced by various factors, including advances in technology, changes in healthcare policies, and shifts in consumer preferences.

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Due to its convenience and accessibility, NEMT is becoming increasingly popular among those who rely on it for medical-related errands that require reliable transport options on a regular basis. With the continuous rise in demand for such services among elderly individuals, license-less individuals, car-less individuals, and disabled people alike, governments around the world are becoming increasingly aware of the importance of investing in non-emergency medical transportation systems that make a huge difference when it comes to receiving effective healthcare treatments regardless of one's age or physical condition.

Companies

ABC Non-Emergency Medical Transportation, LLC
MTM, Inc.
AMR
Xpress Transportation
Southeastrans
ModivCare
Crothall Healthcare Inc.
Elite Medical Transport
Acadian Ambulance Service
Ers Transition Limited
Global Rescue LLC

Which is the Most Preferred Service Type in the Non-Emergency Medical Transportation Market?

The market share for patient transportation services in 2022 was highest for the private pay sector. During the period between 2022 and 2032, it is expected that the same sector would post the highest CAGR in the market. Patients use medical transportation services for a fee to get to and from their doctors' offices and hospitals, as well as to pick up their prescriptions from local pharmacies. In addition to Medicaid recipients, non-members can use these services to get to and from medical appointments.

Major developments in the market include:

MTM, Inc. introduced the Elevate program in June 2022 to handle any complaints that would need to be taken to a higher level. Those who are part of MTM's Elevate Program, which provides concierge-level service for members with complex trips and special medical transportation needs, have access to the company's proactive approach to trips.

With the addition of St. Louis, Aitkin, Carlton, and Lake Counties in Minnesota in January 2019, MTM, Inc.'s service area grew to cover the whole state. More than 900,000 annual NEMT trips have been provided by MTM for a larger consortium of counties in St. Paul/Minneapolis area since 2004. Due to the expansion of this program, the organisation can now provide travel services to an extra 56,000 people enrolled in Medical Assistance (Minnesota's Medicaid program) in the counties.

Some of the key players operating in the market include:

MTM, Inc.
AMR
Xpress Transportation
CJ Medical Transportation
Southeastrans
Modivcare
Crothall Healthcare
Elite Medical Transport
Acadian Ambulance Service
ERS Transition Ltd.
Global Rescue LLC.
London Medical Transportation Systems
FirstGroup PLC

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Key Segments Covered in the Non-Emergency Medical Transportation Industry Report

Non-Emergency Medical Transportation Industry by Service Type

Private Pay Patient Transportation
Insurance Backed Patient Transportation
Courier Services
Other Services

Non-Emergency Medical Transportation Industry by Application

Dialysis
Routine Doctor Visits
Mental Health Related Appointments
Rehabilitation
Others

Non-Emergency Medical Transportation Industry by Region

North America Market
Europe Market
Asia-Pacific Market
Middle East & Africa Market
South America Market

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Read More:
https://linkewire.com/2022/12/08/the-non-emergency-medical-transportation-market-to-grow-on-the-back-of-on-demand-healthcare-witnessing-a-cagr-of-9/#more-221570

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