Global Healthcare Transportation Service Market, By Type (Medical Product, Patient Transport, Incubator Transport, Mobile Treatment Facilities, and Non-Medical Transport), End-User (Hospitals, Private Paying Customers, Nursing Care Facilities, and Medical Centers) – Industry Trends and Forecast to 2030.
Healthcare Transportation Service Market Analysis and Size
Healthcare transportation services provide convenient transportation of patients, medicines or drugs, healthcare equipment and samples and specimen form one place to another. The healthcare transportation service is an emerging concept and can save a large amount of time for the patients and well as the healthcare providers. Ambulance is one of the most general examples of healthcare transportation services. The healthcare transportation services are the by-product of improving healthcare infrastructure around the world.
Data Bridge Market Research analyses that the healthcare transportation service market which was USD 93.21 billion in 2022, would rocket up to USD 155.78 billion by 2030, and is expected to undergo a CAGR of 6.6% during the forecast period. “Medical product” dominates the type segment of the Healthcare transportation service market owing to rising pharmaceutical production volumes and related imports and exports. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Healthcare Transportation Service Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Medical Product, Patient Transport, Incubator Transport, Mobile Treatment Facilities, and Non-Medical Transport), By End-user (Hospitals, Private Paying Customers, Nursing Care Facilities, and Medical Centers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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MTM, Inc. (U.S.), Dash Xpress (DX) (U.S.), ModivCare Solutions, LLC. (U.S.), ProHealth Care (U.S.), DHL Express (U.S.), Goodfaith Medical Transportation Company, Inc. (U.S.), WellMed Medical Management Inc. (U.S.), Piedmont Healthcare (U.S.), Acadian Seaplants Limited (U.S.), Aramark (U.S.), BY HOPE MEDICAL TRANSPORTATION SERVICE LLC (U.S.), Molina Healthcare, Inc. (U.S.), Watts Healthcare (U.S.), FirstGroup plc (U.S.), Centene Corporation (U.S.), MEDSPEED (U.S.), MTI America (U.S.), AMR (U.S.), ATS Healthcare (U.S.) and ERS Transition (U.S.)
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Market Opportunities
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Market Definition
Healthcare transportation services involve the safe transportation of health-related equipment and the movement of patients between different healthcare facilities. This emerging concept aims to enhance coordination and connectivity within the healthcare sector, facilitating the efficient transfer of individuals and medical resources. These services are a result of the ongoing improvement of healthcare infrastructure worldwide. With advancements in technology, healthcare transportation services have become faster and more reliable, playing a crucial role in ensuring prompt and effective healthcare delivery.
Healthcare Transportation Service Market Dynamics
Drivers
- Focus on Value-Based Care and Patient-Centered Approach
The shift towards value-based care models emphasizes patient satisfaction, improved outcomes, and reduced healthcare costs. Healthcare transportation services play a crucial role in ensuring timely access to care, reducing missed appointments, and improving patient satisfaction, aligning with the patient-centered approach.
- Shift to Home Healthcare
There is a growing trend towards delivering healthcare services in the comfort of patients' homes. This shift requires transportation services to facilitate home healthcare visits, the delivery of medical supplies, and the transportation of healthcare professionals to patients' residences.
Opportunities
- Focus on Rural and Underserved Areas
Access to healthcare services is often limited in rural and underserved areas. Transportation services that can bridge the gap and provide reliable transportation options for patients in these regions have the potential for growth. This includes transportation solutions that address the unique challenges of rural areas, such as long distances, limited infrastructure, and lower population density.
- Expansion of Home Healthcare Services
Home healthcare services are becoming increasingly popular as patients prefer to receive medical care in the comfort of their own homes. This expansion of home healthcare presents opportunities for transportation providers to offer services that support the delivery of healthcare professionals, medical equipment, and supplies to patients' homes.
Restraints/Challenges
There are various obstacles that may hinder the expansion of the Healthcare transportation service market. These challenges include, cost constraints, safety and regulatory compliance, timeliness and reliability etc. These factors can impede market growth and pose barriers for market players in the forecast period of 2023-2030
This healthcare transportation service market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare transportation service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In march 2022, Even – a healthtech company and healthcare provider, and StanPlus – India's leading emergency medical response company has announced a partnership to provide emergency medical transportation services.
Global Healthcare Transportation Service Market Scope
The healthcare transportation service market is segmented on the basis of type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Medical Product
- Patient Transport
- Incubator Transport
- Mobile Treatment Facilities
- Non-Medical Transport
End User
- Hospitals
- Private Paying Customers
- Nursing Care Facilities
- Medical Centers
Healthcare transportation service Market Regional Analysis/Insights
The healthcare transportation service market is analysed and market size insights and trends are provided by country, type, and end users as referenced above.
The countries covered in the Healthcare transportation service market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate healthcare transportation services market. This is because of the prevalence of rising population in need of medical assistance coupled with the availability of good quality healthcare provisions. Existence of high level of technology is too contributing in providing best of the healthcare transportation services to the population in this region.
Asia-Pacific is the fastest growing during the forecast period owing to the increase in investment in healthcare transportation services by the government especially in the developing economies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The healthcare transportation service market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare transportation service market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare transportation service market. The data is available for historic period 2015-2020.
Competitive Landscape and Healthcare transportation service Market Share Analysis
The healthcare transportation service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the healthcare transportation service market are:
- MTM, Inc. (U.S.)
- Dash Xpress (DX) (U.S.)
- ModivCare Solutions, LLC. (U.S.)
- ProHealth Care (U.S.)
- DHL Express (U.S.)
- Goodfaith Medical Transportation Company, Inc. (U.S.)
- WellMed Medical Management Inc. (U.S.)
- Piedmont Healthcare (U.S.)
- Acadian Seaplants Limited (U.S.)
- Aramark (U.S.)
- BY HOPE MEDICAL TRANSPORTATION SERVICE LLC (U.S.)
- Molina Healthcare, Inc. (U.S.)
- Watts Healthcare (U.S.)
- FirstGroup plc (U.S.)
- Centene Corporation (U.S.)
- MEDSPEED (U.S.)
- MTI America (U.S.)
- AMR (U.S.)
- ATS Healthcare (U.S.)
- ERS Transition (U.S.)
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