Press release
A Deep Dive into Healthcare Transportation Service Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Healthcare Transportation Service Market Size
The anticipated escalation of accidents is believed to fuel the healthcare transportation service market's expansion. An accident denotes an unexpected, unintentional incident resulting in harm, injury, or even loss of life. In such situations, healthcare transportation becomes crucial as it provides specialized and immediate transport services to address the medical requirements of the victims. In August 2022, the National Highway Traffic Safety Administration, a federal agency focusing on transport safety in the US, reported around 9,560 casualties from motor accidents in the early part of 2022. This highlighted a 7% surge relative to the anticipated 8,935 fatalities in the same period of 2021. Moreover, the mortality rate for the initial part of 2022 saw an increase to 1.27 fatalities per 100 million vehicle miles traveled, above the projected 1.25 fatalities per 100 million vehicle miles in early 2021. Consequently, an escalation in accidents helps stimulate the growth of the healthcare transportation service market. The surge in medical appointments is also anticipated to act as a catalyst for the healthcare transportation service market's future expansion. These appointments signify the planned interactions or visits between patients and healthcare providers for receiving medical care, consultation, diagnoses, or treatments. They are pivotal for healthcare transport as they form a major cause for various patient travels, thus ensuring timely access to health services for patients. As per data from the National Library of Medicine from the US, in 2022, 37.7% of all general practice appointments were prearranged, compared to merely 10% consultations scheduled in early 2020. Hence, the growing frequency of medical appointments fosters the expansion of the healthcare transportation service market.
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What is the future CAGR of the healthcare transportation service market, and how will it impact industry expansion?
The market for healthcare transportation services has seen robust expansion in the past few years. It is projected to increase from $103.25 billion in 2024 to $109.57 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.1%. The growth observed in the historical phase can be traced back to factors such as the economy, insurance coverage, emphasis on enhancing the patient experience and comfort, a transition towards models that emphasize value-based care, a rise in chronic illness prevalence, as well as urbanization and population density.
In the coming years, the market size of healthcare transportation services is anticipated to witness significant growth, with a projection of reaching $142.36 billion in 2029, expanding at a compound annual growth rate (CAGR) of 6.8%. The surge during the forecast period may be ascribed to the growing need for specialized vehicles, the burgeoning expansion of telehealth services, the shift toward personalized treatments for patients, an increase in chronic health issues and a commitment to environmental sustainability. Key trends expected within this period involve adapting to changing demographics, integrating value-based care, diversifying service offerings, pushing for community health initiatives and implementing environmentally sustainable practices.
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What are the most significant trends transforming the healthcare transportation service market today?
Major players in the healthcare transportation service market, like DocGo Inc., are exploring and implementing advanced AI-powered solutions such as DocGo On-Demand to boost their market profits. The inclusion of AI technology in these services is aimed at improving operational efficiency, safety, and the overall patient experience. As a case in point, DocGo Inc., a home healthcare service provider based in the US, introduced an application named DocGo On-Demand in November 2022. This AI-enabled mobile health service offers timely medical attention to patients in their residences or alternate locations. Registered users on the Ambulnz by DocGo Web Requestor platform can conveniently access this application to schedule urgent care house calls, thus bringing top-quality healthcare within reach.
Which key market segments comprise the healthcare transportation service market and drive its revenue growth?
The healthcare transportation service market covered in this report is segmented -
1) By Type: Medical Product, Patient Transport, Incubator Transport, Mobile Treatment Facilities, Non-Medical Transport
2) By Mode Of Transportation: Air Transport, Water Transport, Ground Transport
3) By End User: Hospitals, Private Paying Customers, Nursing Care Facilities, Medical Centers
Subsegments:
1) By Medical Product: Transportation Of Pharmaceuticals, Transportation Of Medical Devices, Transportation Of Laboratory Specimens
2) By Patient Transport: Emergency Medical Transport, Non-Emergency Patient Transport, Air Ambulance Services, Ground Ambulance Services
3) By Incubator Transport: Neonatal Transport Incubators, Pediatric Transport Incubators
4) By Mobile Treatment Facilities: Mobile Clinics, Field Hospitals, Mobile Surgical Units
5) By Non-Medical Transport: Transport Of Medical Staff, Logistics For Healthcare Facilities, Transport Of Equipment And Supplies
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What regions are at the forefront of healthcare transportation service market expansion?
North America was the largest region in the healthcare transportation service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare transportation service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the healthcare transportation service market?
Major companies operating in the healthcare transportation service market report are Centene Corporation, Molina Healthcare Inc., DHL International GmbH, ARAMARK Holdings Corp., Lyft Healthcare Inc., ModivCare Solutions LLC, Piedmont Healthcare Inc., Air Methods Corporation, FirstGroup PLC, Blue Star Ltd., Air Medical Group Holdings Inc., Crothall Healthcare Inc., Medical Transportation Management Inc., ProHealth Care Inc., Superior Air-Ground Ambulance Service Inc., ProTransport-1, ATS Healthcare Ltd., Patriot Transportation Holding Inc., Medspeed LLC, SCR Medical Transportation Inc., Acadian Ambulance Service Inc., Ziqitza Healthcare Limited, Medi-Trans Inc., Watts Healthcare Corporation, Midwest Medical Transport Company Llc, Veyo LLC, Ride RoundTrip Inc., Goodfaith Medical Transportation Company Inc., Hope Medical Transport and Training LLC., WellMed Medical Management Inc.
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What Is Covered In The Healthcare Transportation Service Global Market Report?
•Market Size Forecast: Examine the healthcare transportation service market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the healthcare transportation service market for a structured understanding.
•Key Players Overview: Analyze major players in the healthcare transportation service market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the healthcare transportation service market.
•Segment Contributions: Evaluate how different segments drive overall growth in the healthcare transportation service market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the healthcare transportation service market.
•Industry Challenges: Identify potential risks and obstacles affecting the healthcare transportation service market.
•Competitive Landscape: Review strategic developments in the healthcare transportation service market, including expansions, agreements, and new product launches.
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