Patient Transportation Market (2023 to 2029) – Growth, Trends, COVID-19 Impact and Forecast

Patient Transportation Market was valued at US$ 26.79 Mn in 2022 and is estimated to grow at a CAGR of 6.2% over the forecast period.
Patient Transportation Market Overview:
The report explores the Patient Transportation market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2022. The report investigates the Patient Transportation market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Patient Transportation market's contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report
Patient Transportation Market Dynamics:
The market share held by the patient transportation market is xx% of the overall market of healthcare transportation market in 2022. Increasing demand for the patient transportation equipment through the local retailer or vendors, also the government has started taking initiatives regarding the safety rules and regulations for medical equipment and its utilization of it is driving the market for the Patient Transportation market. The sales of the patient transportation market will grow at 5.8%.

In the circumstances of any emergencies, providing serviceable equipment and availability of transportation has been approved to be critical in preventing disastrous results that could give outcomes in death or serious patient trauma. Rising cases of immobility or constancy due to disability, external injuries, chronic diseases, etc. are supporting the need for effective patient transportation market solutions. In the healthcare sector, improving the quality of comprehensive patient care there have been many developments and new innovative initiatives have taken. In many countries, they have come up with affordable and accessible ambulatory care services for both emergency and non-emergency cases which led the market growth as well as supported the patient transportation market in the forecasted period. Owing to the well-developed healthcare infrastructure, it is more accessible in developing countries, and also a growing number of old age homes and high common of chronic diseases are boosting the demand of the market.

The factors which hamper the growth of the market are the high cost of patient transportation equipment, not being able to reach the rural areas, and substitutes of the products, and also the less awareness about the non-emergency patient transportation in developing nations will restrain the demand for the patient transportation market.

According to the United Nations, World Population Ageing Database in 2022, the generic population is expected to grow from $ 725 million to $ 1.3 Bn. by 2050 because of the growing awareness of injuries that can develop into functional disability, caregivers, and healthcare professionals are using patient transportation solutions. The opportunity of the patient transportation market will grow by $1.2 Bn. in the forecasted
Patient Transportation Market Segment Analysis:
Based on End-users, the Patient Transportation Market is segmented into Hospitals, Medical centers, retirement communities, hospice care facilities, private paying customers, and nursing care facilities.

The hospital’s segment has dominated the market by holding the largest share of 45% of the total market and is expected to grow in the forecasted period. Because the retailer and manufacturers work with hospitals and healthcare centers are upgrading the devices and installing new innovative ideas, maintaining their equipment. And also, the availability of patient transportation equipment has increased through affiliation and link-up with other medical care facilities have also extended the services of patient transportation. Sales in this segment are expected to grow in the forecasted period.

Based on the Application, the Patient Transportation Market is segmented into Emergency, non-emergency, and non-medical transportation.

Non-emergency transportation has dominated the market and accounted for 47% of the total market share in 2022. The existence of non-emergency transportation is a remarkable social indicator of health. Transportation barriers are conspicuous among the middle income and ethnic minorities. Some alternative solutions have improved the outcomes such as overall wait times, cost, and appointment attendance rates, this will help the market to grow in the forecasted period.
Patient Transportation Market Regional Insights:
The North American region is expected to witness significant growth at a CAGR of 6.9% through the forecast period.

The North American region has dominated the market. Because the U.S. has a well-developed healthcare infrastructure among the other countries and also the services and products auxiliary to patient safety and availability of emergency patient transportation are easily accessible The US expenditure for the healthcare industry is spending $1.4 trillion in 2022.

The objective of the report is to present a comprehensive analysis of the global Patient Transportation Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Patient Transportation Market dynamic, and structure by analyzing the market segments and projecting the Patient Transportation Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Patient Transportation Market make the report investor’s guide.
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Patient Transportation Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 26.79 Mn.


Forecast Period 2023 to 2029 CAGR:
6.2%
Market Size in 2029:
US $ 40.82 Mn.


 Segments Covered:
by End-users
• Hospitals
• Medical Centers
• Retirement Communities
• Hospice Care Facilities
• Private Paying Customers
• Nursing Care Facilities


by Application
• Emergency
• Non-emergency



Patient Transportation Market, by Region:
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Patient Transportation Market Key Players:
• National Medtrans Network
• Falck A/S
• Air Methods Corporation
• Envision Healthcare Corporation
• Acadian
• NSL Limited
• Airmed International LLC
• Airpal, Inc.
• Falck A/S

Frequently Asked Questions:

1)What is the CAGR of the Patient Transportation Market in the forecasted period?
Ans. The expected CAGR of the Patient Transportation market is 6.2% in the forecasted period.

2)What is the segment of the Patient Transportation market?
Ans. The segment of the Patient Transportation market is based on end-users and based on applications.

3)How much is the Patient Transportation market currently worth?
Ans. The global patient transportation market size is projected to reach US$ 26.79 Mn in 2022.

4)Which are the 5 countries that drive the Patient Transportation market?
Ans. The U.S., Germany, U.K., India, and France are expected to drive demand for patient transportation products.

5)What is the North American market outlook for the Patient Transportation market?
Ans. North America is one of the key markets for patient transportation, with the U.S. accounting for about 41% market share in the global market in 2022.