Non-emergency Medical Transportation Market (End-user - Hospital, Nursing Care Facilities, Airport Shuttle, Medical Laboratories, and Schools): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : January, 2020

  • Rep Id : HC0777

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the non-emergency medical transportation market provides an in-depth analysis of segments and sub-segments in the global as well as regional non-emergency medical transportation market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional non-emergency medical transportation market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global non-emergency medical transportation market. According to the report, the global non-emergency medical transportation market is projected to grow at a CAGR of 7.05% over the forecast period of 2019-2025.

 

Market Insight

The healthcare transportation system is continuously evolving owing to the growing healthcare needs of the population. The number of people with chronic medical conditions is increasing, and nearly 4 million Americans miss or postpone medical care due to a lack of transportation. There are strong growth opportunities in the non-emergency medical transportation (NEMT) services industry as the number of citizens requiring NEMT is growing. Additionally, the growing challenges among the healthcare organizations to address and manage the flow of patients throughout the healthcare system is aiding the growth of the non-emergency medical transportation industry.

 

The global non-emergency medical transportation market is expected to grow at a CAGR of 7.05% between 2019 and 2025 in terms of value. The overall population of the elderly is increasing over the globe. Globally, the population aged 65 and over is growing faster than all other age groups. According to stats from World Population Prospects, by 2050, one in six people in the world will be over age 65 (16%), up from one in 11 in 2019 (9%). Furthermore, the rising prevalence of chronic diseases such as cardiovascular diseases, cancer, and kidney disease is another major factor that is accelerating the demand for affordable and convenient transportation services. Non-emergency medical transportation is especially important for those with chronic conditions such as diabetes, heart disease, cancer, COPD, or asthma as the patients will have access to routine and preventative care, increasing overall health outcomes and avoiding costly ambulance bills or emergency room visits. Additionally, favorable reimbursement plans in several high income countries are also anticipated to accelerate the growth of non-emergency medical transportation services. However, the unfavorable reimbursement policies and lack of awareness about non-emergency medical transportation in several developing economies are likely to hamper the growth of the non-emergency medical transportation market. Also, several on-demand ride sharing service providers are entering into the NEMT market owing to several opportunities.

 

Geographically, North America is the dominant region in the non-emergency medical transportation system market. In the U.S., as a result of the Affordable Care Act, more preventative and follow-up treatments are covered by health insurance plans that increase the adoption of the non-emergency medical transportation facilities. The well-developed healthcare infrastructure, high spending capacity of the people and the presence of healthcare transportation service providers contribute to the high revenue in the North America region.

 

Segment Covered

The report on global non-emergency medical transportation market covers segments such as end-user. On the basis of end-user, the sub-markets include hospital, nursing care facilities, airport shuttle, medical laboratories, and schools.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Xpress Non-Emergency Medical Transportation, Inc., M&S Transport Pty Ltd., Elite Medical Transport of Texas LLC, American Medical Response, Inc., Molina Healthcare, Inc., ProHealth Care Inc., and FirstGroup PLC.

 

Report Highlights:

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 the non-emergency medical transportation market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. 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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