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Non-Emergency Medical Transportation Global Market Demand Analysis, Manufacturers Share, Regions, Risk Analysis, Driving Forces and Application, Forecast To 2033
"The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.The Business Research Company presents an extensive market research report on the Non-Emergency Medical Transportation Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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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Key Market Players:
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
Market Drivers:
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.
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https://www.thebusinessresearchcompany.com/report/non-emergency-medical-transportation-global-market-report
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
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