The patient transport services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Patient Transport Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The patient transport services market size has grown rapidly in recent years. It will grow from $36.37 billion in 2023 to $40.07 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increased demographic changes, healthcare access challenges, emergency medical services (ems) integration, government healthcare policies, partnerships with healthcare providers.
The patient transport services market size is expected to see rapid growth in the next few years. It will grow to $59.5 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to telehealth and remote monitoring, population health management, customized transport solutions, home-based care, global health events preparedness. Major trends in the forecast period include telemedicine integration, fleet modernization, community-based services, personalized patient care, data-driven logistics.
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Scope Of Patient Transport Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Patient Transport Services Market Overview
Market Drivers –
The rise in road accidents is expected to propel the growth of the patient transport services market going forward. Road accidents refer to an incident involving at least one vehicle on a public road that results in at least one person being hurt or killed. Road accidents require emergency medical transport for non-life-threatening injuries or medical conditions requiring receiving prompt medical attention at a hospital. Medical transportation is also required for individuals who require ongoing care or rehabilitation due to injuries sustained in the accident. For Instance, in September 2022, according to National Highway Traffic Safety Administration, an agency of the U.S. federal government, part of the Department of Transportation, an estimated 20,175 persons lost their lives in on road car accidents in the first half of 2022 in the US, a 0.5% increase from 2021. Further, 42,915 people died on American roadways in 2019, a 10.5% increase from 2020. Therefore, the rise in road accidents is driving the growth of patient transport services.
Market Trends –
Product Innovation is a key trend gaining popularity in the patient transport services market. Major companies operating in patient transport services market are concentrating their efforts on creating innovative products to sustain position in the market. For Instance, in June 2022, Technimount Medical, a Canada-based emergency medical services (EMS), launched the new Technimount’s THS product line, the Techni-Track, and Techni-Clamp. The Techni-Track is designed with Descending technology that allows adjusting and interchange accessories that provide easier height adjustment and IV bag installation and removal. The Techni-Clamp allows for the quick installation of pumps and other medical devices.
The patient transport services market 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
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Regional Insights –
North America was the largest region in the patient transport services market in 2023. 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
Key Companies –
Major companies operating in the patient transport services market report are Envision Healthcare, Acadian Ambulance Service, Falck A/S, Air Methods Corporation, Berliner Verkehrsbetriebe (BVG), 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
Table of Contents
1. Executive Summary
2. Patient Transport Services Market Report Structure
3. Patient Transport Services Market Trends And Strategies
4. Patient Transport Services Market – Macro Economic Scenario
5. Patient Transport Services Market Size And Growth
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27. Patient Transport Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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