Rise In Road Accidents Drives Patient Transport Services Market: Powering Innovation and Expansion in the Global Patient Transport Services Market by 2025

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Patient Transport Services Market Through 2025?
The overall size of the patient transport services industry has witnessed robust expansion lately, projected to escalate from $40.33 billion in 2024 to $44.16 billion come 2025, reflecting a compound annual growth rate (CAGR) of 9.5%.Contributing factors driving this growth during the historical period involve shifts in demographic profiles, difficulties accessing medical care, the incorporation of emergency medical services (EMS), various governmental healthcare directives, and collaborative agreements established with medical service organizations.

What's the Projected Size of the Global Patient Transport Services Market by 2029?
Forecasting several years ahead, the sphere of patient transport services is anticipated to experience accelerated expansion, reaching a valuation of $67.53 billion by 2029, propelled by an 11.2% compound annual growth rate; this surge in the upcoming period is fundamentally driven by advancements such as telehealth and remote monitoring capabilities, broader population health management initiatives, the introduction of tailor-made transport arrangements, an increase in care delivered within the home setting, and enhanced readiness for worldwide health occurrences, while key developments shaping this market include the incorporation of telemedicine technologies, the upgrading of vehicle fleets, the expansion of services rooted in local communities, the delivery of highly individualized patient attention, and the increasing reliance on data for optimizing logistical processes.

View the full report here:
https://www.thebusinessresearchcompany.com/report/patient-transport-services-global-market-report

Top Growth Drivers in the Patient Transport Services Industry: What's Accelerating the Market?
Expected increases in traffic incidents are anticipated to be a key catalyst for expanding the market for patient transport services. Such traffic incidents are characterized as occurrences on public roadways involving a minimum of one vehicle, resulting in at least one casualty, either injured or deceased. Following these accidents, medical transport becomes a necessity for individuals suffering from injuries deemed non-life-threatening or medical issues demanding immediate hospital care. Furthermore, transportation is needed for those requiring continuous therapeutic support or recovery services following injuries sustained in the crash. As an illustration, data released in May 2023 by the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an entity of the Australian Federal Government, revealed that 1,194 fatalities resulted from road crashes in 2022, marking a 5.8% escalation compared to the preceding year, 2021; consequently, this upward trend in traffic accidents fuels the expansion of the patient transport services sector.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10214&type=smp

What Trends Will Shape the Patient Transport Services Market Through 2029 and Beyond?
A significant trend currently influencing the patient transport services market is the focus on Product Innovation, prompting major players within this sector to prioritize the development of novel offerings as a means of maintaining their competitive standing. To illustrate this, in June of 2022, Technimount Medical, a firm specializing in emergency medical services (EMS) based in Canada, introduced its updated Technimount's THS product range, specifically noting the debut of the Techni-Track and the Techni-Clamp. Incorporated within the design of the Techni-Track is Descending technology, which facilitates the simple adjustment and swapping of attachments, thereby simplifying both the process of setting the height and the handling (installation and removal) of IV bags, while the Techni-Clamp has been engineered to enable swift securing of medical apparatuses such as infusion pumps.

What Are the Main Segments in the Patient Transport Services Market?
The patient transport servicesmarket 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

Subsegments:
1) By Ground Ambulance: Basic Life Support (BLS) Ambulance; Advanced Life Support (ALS) Ambulance; Non-Emergency Medical Transport (NEMT)
2) By Air Ambulance: Helicopter Ambulance; Fixed-Wing Air Ambulance
3) By Water Ambulance: Coastal Water Ambulance; Inland Water Ambulance

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10214&type=smp

Which Top Companies are Driving Growth in the Patient Transport Services Market?
Major companies operating in the patient transport services market include Envision Healthcare, Acadian Ambulance Service, Falck A/S, Air Methods Corporation, 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

Which Regions Will Dominate the Patient Transport Services Market Through 2029?
North America was the largest region in the patient transport services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient transport services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10214

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.