Press release
Non-Emergency Medical Transportation Market Revenue is projected to exceed US$ 15,579.98 Mn by the year 2028 at a CAGR of 9.0%
A new statistical surveying study titled Invisible Non-Emergency Medical Transportation Market investigates a few critical features identified with Invisible Non-Emergency Medical Transportation Market covering industry condition, division examination, and focused scene. Down to earth ideas of the market are referenced in a straightforward and unassuming way in this report. A far-reaching and exhaustive essential investigation report features various actualities, for example, improvement factors, business upgrade systems, measurable development, monetary benefit or misfortune to support peruses and customers to comprehend the market on a global scale.The report presents the market competitive landscape and consistent in-depth analysis of the major vendor/key players in the market along with the impact of economic slowdown due to COVID.
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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. The private pay patient transportation provides transportation service to and from doctor's appointments, hospital visits, pharmacy pick-ups, and healthcare-related journeys for seniors, especially-abled individuals, lower income, and those who cannot drive themselves.
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The report on the Invisible Non-Emergency Medical Transportation market includes information on the strategic collaborations. The study also mentions the key players across the Invisible Non-Emergency Medical Transportation market. Here are some prominent participants involved in the Invisible Non-Emergency Medical Transportation Market - Major Players: 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; FirstGroup, plc; Transdev; Ride Health; Roundtrip; Medical Answering Services, LLC; One Call; and Kinetik.
The report segments the non-emergency medical transportation market as follows:
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.
To comprehend global Invisible Non-Emergency Medical Transportation market dynamics in the world mainly, the worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)
The Key Highlights of the Report:
• Estimates on market size by key regions/countries, product type and application, history data and forecast to 2028.
• The structure of global Invisible Non-Emergency Medical Transportation market by identifying its various sub-segments
• Analysis of the value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• Detailed information about the key factors influencing the growth of the market including growth potential, opportunities, drivers, industry-specific challenges and risks.
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Contact Person: Sameer Joshi
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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, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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