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Non-Emergency Medical Transportation Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Transdev, FirstGroup plc, Lyft Inc., ModivCare Inc, Falck A/S, LogistiCare Solutions LLC
Non-Emergency Medical Transportation Market Characteristics
The Business Research Company offers in-depth market insights through Non-Emergency Medical Transportation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The non-emergency medical transportation market size has grown strongly in recent years. It will grow from $8.86 billion in 2023 to $9.72 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to aging population, government-funded healthcare programs, private pay patient transportation, focus on patient-centric care, telehealth adoption.
The non-emergency medical transportation market size is expected to see strong growth in the next few years. It will grow to $13.31 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to regulatory changes, advancements in medical treatments, rural healthcare access, transportation infrastructure development, community health initiatives. Major trends in the forecast period include technology integration, patient-centric solutions, collaboration with ride-sharing platforms, predictive analytics for demand planning, flexible payment models.
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Market Segmentation:
The non-emergency medical transportation market covered in this report is segmented -
1) By Type: Courier Services, Insurance Backed Patient Transportation, Private Pay Patient Transportation
2) By Product Type: Ambulatory Vans, Minivans, Wheelchair-Lift-Equipped Vehicles, Stretcher Vans
3) By Application: Dialysis, Routine Doctor Visits, Mental Health Related Appointments, Rehabilitation, Other Applications
4) By End User: Airport Shuttle, Hospital Medical Laboratories, Nursing Care Facilities
Major Driver - Surge In Chronic Diseases Drives The Non-Emergency Medical Transportation Market
The rising incidence of chronic diseases is expected to propel the growth of the non-emergency medical transportation market going forward. Chronic diseases are problems that persist for a year or longer and need continuing medical treatment, impede everyday activities, or both. Non-emergency medical transportation for individuals with chronic diseases enables continuous access to medical visits, treatments, and support services, supporting consistent medical care management and enhancing overall health outcomes. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based international resource for the scientific research community, the number of people aged 50 and up with one or more chronic illnesses is expected to increase by 99.5% by 2050, reaching 142.66 million, up from 71.522 million in 2020 in the United States. Therefore, the rising incidence of chronic diseases is driving the non-emergency medical transportation market.
Competitive Landscape:
Major companies operating in the non-emergency medical transportation market report are Transdev, FirstGroup plc, Lyft Inc., ModivCare Inc, Falck A/S, LogistiCare Solutions LLC, Kinetik, American Medical Response Inc., MTM Inc., Global Medical Response Inc, Crothall Healthcare Inc., Southeastrans Inc, Secure Transportation Company Inc. , Acadian Ambulance Service Inc, Express Medical Transporters Inc., ERS Transition Ltd, Veyo LLC, Medicaid Answering Service LLC, ATS Healthcare Solutions, Ride Health
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Top Trend - Non-Emergency Medical Transportation Apps Revolutionizing The Market
Major companies operating in the non-emergency medical transportation market are focusing on developing non-emergency medical transportation apps to improve efficiency. Non-emergency medical transportation apps facilitate the scheduling and coordination of transportation services for patients requiring routine medical appointments or treatments. For instance, in April 2021, Lyft Inc., a US-based company that offers non-emergency medical transportation, launched Lyft Pass for Healthcare, a non-emergency medical transportation app. The Lyft Pass for healthcare operates through a sponsored model, where an overseeing entity, such as a hospital, manages the transportation program's budget, ride pricing limits, authorized pick-up and drop-off points, and determines the allowable times for patient ride usage. The pass is then distributed to the patient through a phone number, code, or URL. Subsequently, the patient receives a notification in their Lyft app about the ride pass, along with instructions on when and how to use it. When the need arises, the patient can choose the ride details, and the pass is seamlessly applied to their transportation service.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Non-Emergency Medical Transportation Market Characteristics
3. Non-Emergency Medical Transportation Market Trends And Strategies
4. Non-Emergency Medical Transportation Market - Macro Economic Scenario
5. Non-Emergency Medical Transportation Market Size And Growth
…..
27. Non-Emergency Medical Transportation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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