Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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.