Rise in Healthcare Transportation Services Market

According to Precision Business Insights (PBI), the latest report on the Global Healthcare Transportation Services Market is expected to be worth USD 82,541.4 Million in 2022 and is expected to grow at a CAGR of 4.5% from 2022 to 2028. Healthcare transportation market share is expected to grow over the forecast period due to healthcare transportation services are the main pillar of the overall healthcare system and play a vital role in improving efficiency of the healthcare system by enabling efficient management of emergencies such as accidents and helping patients to have access to convenient transport to a hospital or specific medical centers quickly and safely. These services are also used to transport geriatric and disabled people to hospitals for routine checkups or post-operative visits. Airport shuttles, for example, are used to transport patients from airports to nearby healthcare facilities. Healthcare transportation services are also used to transport drugs, cosmetics, medical equipment, and samples for laboratory testing.

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The hospital segment dominates the healthcare transportation services market:
Based on end-user, the market is segmented into medical centers, private paying customers, hospitals, nursing facilities, airport shuttles, and others. The hospital segment is expected to grow during the forecast period as, according to the United Nations World Population Aging Database, the geriatric population is expected to grow from 727 million in 2020 to 1.5 billion by 2050. Healthcare professionals and caregivers use patient transport solutions due to the susceptibility of the aging population to fall-related accidents that can lead to functional disability. Additionally, the increased incidence of obesity and the bariatric population are supporting the demand for mobility solutions. Beds, support surfaces, and bariatric lifts and chairs improve patient safety and proper transportation while allowing caregivers to safely handle their associated patients. Additionally, according to the U.S. Census Bureau, there were 40.3 million U.S. residents age 65 and older in the 2010 census and 54.1 million in July 1, 2019 population estimates.

North America leads the market for healthcare transport services:
The North America region holds a major market share in the global healthcare transportation services market and is expected to grow at a significant growth rate over the forecast years owing to improved medical care infrastructure and increase in traffic accidents are two important reasons to propel the region’s industry. . Traffic accidents in the Asia-Pacific region frequently require emergency medical services, increasing the demand for the region’s emergency medical transportation business. Governments are expanding infrastructure development programs around the world to avoid wasting healthcare funds. In addition, 645,000 road accident deaths in Asia and the Pacific each year, and almost 3.5 million: number of deaths caused by accidents in the last five years.

Strategic new product launches, mergers, acquisitions, and agreements are the major strategies adopted by market players:
Global Healthcare Transportation Services Market further reveals that major players are increasingly adopting strategies such as new product launches, product launches, and long-term alliance to enhance the revenue share of the market and gain a significant geographical presence in the region. For example, in March 2017, American Medical Response and Lyft collaborated to introduce Provide Non-Emergency Medical Transportation Services for Patients. In October 2016, ATS Healthcare developed coast-to-coast temperature management services with critical pharmaceutical shipments in mind.

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Detailed segmentation
1) By type
• Medical products
• Patient transport
• Transportation of the incubator
• Mobile treatment plants
• Non-medical transport

2) By end use
• Medical centers
• Private Paying Customers
• Hospitals
• Nursing facilities
• Airport shuttle
• Others

3) By geography
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)

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Key players profiles in the Healthcare Transportation Services Market report are Logisticare Solutions LLC, ProHealth Care Inc., Mercy Health Medical Transportation LLC, Molina Healthcare Inc., Express Medical Transporters Inc., Aramark Healthcare Technologies LLC , Crothall Healthcare Inc., MTM Inc. , Acadian Ambulance Service Inc., Mobile Care Group Inc.

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