Patient Transport Services Market to Surge USD 117.1 Billion with 12% CAGR Through 2032

The patient transport services market is set to experience significant growth, according to a newly released analysis report by Future Market Insights. Global sales of patient transport services were valued at USD 34.1 billion in 2021, and the market is projected to witness a remarkable compound annual growth rate (CAGR) of 12% between 2022 and 2032. This marks a notable increase from historical growth trends, highlighting the growing demand for efficient and timely patient transport services.

Ground ambulances are expected to be the primary driver of market expansion, with revenue generation projected to grow at a CAGR of over 13.1% from 2022 to 2032. As the most widely used mode of patient transport, ground ambulances provide critical emergency and non-emergency services, making them indispensable to healthcare systems worldwide.

The rising need for timely medical assistance, advancements in ambulance technology, and an increased focus on healthcare infrastructure are key factors driving growth in the patient transport services market. With greater investment in healthcare logistics and emergency response capabilities, market players are well-positioned to meet the growing demand for safe and reliable patient transport.

Request a Sample of this Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-14970

Key Takeaways:

Global patient transport services market sales were valued at USD 34.1 billion in 2021.
The market is projected to grow at a 12% CAGR from 2022 to 2032, outpacing historical growth trends.
Ground ambulances are expected to be the leading revenue-generating transport vehicle, with a CAGR of over 13.1% during the forecast period.
As healthcare providers and governments continue to prioritize emergency preparedness and patient care, the demand for patient transport services is expected to rise. Industry stakeholders, including ambulance service providers and healthcare logistics companies, are poised to benefit from the growing emphasis on efficient and responsive healthcare delivery.

Key Insights:

Market Growth: The Patient Transport Services Market is expected to grow from USD 34.1 billion in 2021 to an estimated USD 117.1 billion by 2032.
Dominance of Ground Ambulance: Among various transport modes, Ground Ambulance services are anticipated to be the highest revenue-generating segment, projected to grow at a CAGR of over 13.1% during the forecast period.
Demand Drivers: The growth is driven by increasing demand for efficient and reliable patient transportation, advancements in healthcare logistics, and a greater emphasis on timely patient care and emergency medical services.
Market Share by Application: Non-emergency transportation accounted for approximately 4% of the total market share in 2021, a trend expected to continue.
End User Segmentation: Hospitals represented about 45.9% of the total market share in 2021, indicating their critical role in patient transport services.
Regional Insights:
The U.S. market is projected to grow at a 6.3% CAGR.
Germany is expected to see high demand for patient transportation solutions, growing at a 6% CAGR.
China will continue to dominate the East Asia market with sales growing at a 5.9% CAGR.
The report highlights the resilience and adaptability of the Patient Transport Services Market, emphasizing its crucial role within the global healthcare ecosystem as it evolves to meet changing demands and technological advancements. Stakeholders are encouraged to explore opportunities, particularly within ground ambulance services, which are poised to shape the future of patient transport.

Competitive Analysis

To strengthen their position in the market, key firms use strategies such as mergers and acquisitions, collaborations, and the development of new products. Among the leading players in the global Patient Transport Services market are Envision Healthcare, London Ambulance Service NHS Trust, Acadian Ambulance Service, BVG India Limited, America Patient Transport Services, Inc.

In September 2017, for example, BVG India Limited and the government of Andhra Pradesh cooperated to provide emergency medical services in the state. In Andhra Pradesh, the business offered 467 ambulances, including 389 basic life support and 76 advanced life support ambulances. This joint venture is projected to increase the company's revenue.
Similarly, recent developments related to providers of Patient Transport Services have been tracked by the team at Future Market Insights, which are available in the full report.

Market Segments Covered in Patient Transport Services Market Analysis

By Transport Vehicle:

Ground Ambulance
Air Ambulance
Water Ambulance
By Emergency Services Type:

Emergency Services
Non-emergency Services
By Equipment Type:

Advanced Life Support (ALS) Patient Transport Services
Basic Life Support (BLS) Patient Transport Services
By Region:

North America
Latin America
Europe
APAC
Middle East and Africa(MEA)

Explore FMI's Related Ongoing Coverage on Healthcare Market Insights Domain:

Medication Management System Industry -https://www.futuremarketinsights.com/reports/medication-management-system-market

Continuous Peripheral Nerve Block Catheter Industry -https://www.futuremarketinsights.com/reports/continuous-peripheral-nerve-block-catheter-market

Anti-Osteoporosis Therapy and Fracture Healing Industry -https://www.futuremarketinsights.com/reports/anti-osteoporosis-therapy-and-fracture-healing-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

This release was published on openPR.