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Global Healthcare Transportation Service Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Healthcare Transportation Service Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 6.6% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 93.21 Billion
Diagram Market Size (Forecast Year) USD 155.78 Billion
Diagram CAGR 6.6%

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 Services Market

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

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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.

Market Players Covered

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.)

Market Opportunities

  • Expansion of Home Healthcare Services
  • Increasing Demand for Non-Emergency Medical Transportation

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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Healthcare Transportation Service Market will be worth USD 155.78 billion by 2030.
The Healthcare Transportation Service Market Growth Rate is 6.6% during the forecast period.
The Focus on Value-Based Care and Patient-Centered Approach and Shift to Home Healthcare are the Growth drivers of the Healthcare Transportation Service Market.
The type and end-user are the factors on which the Healthcare Transportation Service Market research is based.
The healthtech company and healthcare provider, and StanPlus – India's leading emergency medical response company has announced a partnership to provide emergency medical transportation services are the latest developments in the Healthcare Transportation Service Market.
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