A recent report published by Infinium Global Research on healthcare transportation services market provides an in-depth analysis of segments and sub-segments in the global as well as regional healthcare transportation services market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional healthcare transportation services market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global healthcare transportation services market. According to the report, the global healthcare transportation services market is projected to grow at a CAGR of 4.7% over the forecast period of 2018-2024.
Healthcare transportation services are used to ensure the timely and safer transfer of patients, test specimen, medicines, and medical equipment from one location to another location. Healthcare transportation service increases the efficiency of the healthcare system. Healthcare transportation services also pick up prescriptions and medical supplies. There are two types of healthcare transportation services which include emergency and non-emergency services. Emergency healthcare transportation services are used by a person who treats illnesses and injuries that require an urgent medical response. Non-emergency transportation services provide oxygen cylinders, stretchers, equipped with basic respiratory systems, and a saline administration setup and other special needs. Non-emergency ground ambulances are the most commonly used medical transportation services. Healthcare transportation services are especially useful for a senior citizen.
Transportation system plays an integral part in the entire healthcare industry. The major driving factor for the growth of healthcare transportation services is the growing geriatric population. The elder or disabled people depends on the family, friend or local community organizations for medical needs. Healthcare transportation is playing a big role in helping individuals like elderly or disabled people in need of traveling comfortably to and from one place. In 2017, there were an estimated 962 million people aged 60 or over in the world, comprising 13 percent of the global population. Apart from this, increased demand for improved and value-based patient care also drives the growth of healthcare transportation services market. Additionally, the growth of IT infrastructure in healthcare contributors to the growth of the healthcare transportation services market. Specialized software is designed for service providers for their schedules, to find the right transport service and appropriate trips. However, lack of investment and the high maintenance cost of vehicles for transportation hampers the growth of the market. Going further, growing awareness related to the use of drones that deliver automated external defibrillators to cardiac arrest is anticipated to create growth opportunities for healthcare transportation services market over the forecast period.
Among the geography, North America has the largest share for healthcare transportations services market. The rise in expenditure power of government on healthcare facilities is a major factor fuelling the demand for healthcare transportation services market. North America has a very high standard in the medical industry for the treatment and very large network of the hospital use healthcare transportation services for emergency and non-emergency patients transport. The Asia-Pacific is expected to be the fastest growing region owing to the rapidly growing geriatric population.
The report on global healthcare transportation services market covers segments such as type, and end user. On the basis of type, the sub-markets include non-emergency medical transportation, emergency medical transportation, and transportation interpreters. On the basis of the end user, the sub-markets include hospital, nursing care facilities, airport shuttle, ambulatory surgery center, and medical laboratories.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in this region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Xpress Non-emergency Medical Transportation, ATS Healthcare Solutions, DHL Healthcare, American Medical Response, Logisticare, ProHealth Care, ARAMARK Healthcare, Crothall Healthcare, Piedmont Healthcare, and Watts Healthcare.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of healthcare transportation services market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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