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Patient Transport Services Market Share Analysis, Trends, Segmentation, And Forecast To 2033
Patient Transport Services Market
The patient transport services market size is expected to see rapid growth in the next few years. It will grow to $59.5 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to telehealth and remote monitoring, population health management, customized transport solutions, home-based care, global health events preparedness. Major trends in the forecast period include telemedicine integration, fleet modernization, community-based services, personalized patient care, data-driven logistics.
Market Overview -
Patient transport services refer to a type of service that transports patients between medical facilities when it's not an emergency. The patient transportation services are used for providing secure transportation for patients between hospitals, homes, rehabilitation facilities, and nursing homes.
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Rise In Road Accidents Drives Patient Transport Services Market
The rise in road accidents is expected to propel the growth of the patient transport services market going forward. Road accidents refer to an incident involving at least one vehicle on a public road that results in at least one person being hurt or killed. Road accidents require emergency medical transport for non-life-threatening injuries or medical conditions requiring receiving prompt medical attention at a hospital. Medical transportation is also required for individuals who require ongoing care or rehabilitation due to injuries sustained in the accident. For Instance, in September 2022, according to National Highway Traffic Safety Administration, an agency of the U.S. federal government, part of the Department of Transportation, an estimated 20,175 persons lost their lives in on road car accidents in the first half of 2022 in the US, a 0.5% increase from 2021. Further, 42,915 people died on American roadways in 2019, a 10.5% increase from 2020. Therefore, the rise in road accidents is driving the growth of patient transport services.
Competitive Landscape -
Major companies operating in the patient transport services market report are Envision Healthcare, Acadian Ambulance Service, Falck A/S, Air Methods Corporation, Berliner Verkehrsbetriebe (BVG), American Ambulance Service Inc., Air Medical Group, First Ambulance, National Patient Transport pty. Ltd., Express Medical Transporters, North West Ambulance Service, RNR Patient Transfer Services Inc., South Central Ambulance Service, Medivic Pharmaceutical Pvt. Ltd., London Ambulance Service, America Patient Transport Services Inc., ATS Healthcare Solutions, Xpress Non-Emergency Medical Transportation, PHI Air Medical, Babcock Scandinavian Air Ambulance, Lifeguard Air Ambulance, Air Ambulance Worldwide, REVA Air Ambulance, Jet Rescue Air Ambulance, AeroCare Medical Transport System, AirCARE1 International, AirMed International, Angel MedFlight Worldwide Air Ambulance, Global Air Ambulance, IAS Medical Limited, Medical Air Service, Native Air
Product Innovation Drives Patient Transport Services Market
Product Innovation is a key trend gaining popularity in the patient transport services market. Major companies operating in patient transport services market are concentrating their efforts on creating innovative products to sustain position in the market. For Instance, in June 2022, Technimount Medical, a Canada-based emergency medical services (EMS), launched the new Technimount's THS product line, the Techni-Track, and Techni-Clamp. The Techni-Track is designed with Descending technology that allows adjusting and interchange accessories that provide easier height adjustment and IV bag installation and removal. The Techni-Clamp allows for the quick installation of pumps and other medical devices.
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Key Segments -
The patient transport services market covered in this report is segmented -
1) By Transport Vehicle: Ground Ambulance, Air Ambulance, Water Ambulance
2) By Equipment Type: Advanced Life Support (ALS) Patient Transport Service, Basic Life Support (ALS) Patient Transport Service
3) By Application: Emergency, Non-Emergency
4) By End-Users: Hospitals, Medical Centers, Retirement Communities, Hospice Care Facilities, Private Paying Customers, Nursing Care Facilities
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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