Medical Transport Services Market To Report Impressive Growth, Revenue To Surge To US$ 96 Billion By 2022

10-Oct-2018 | Zion Market Research

With the presence of a large pool of participants, the global medical transport services market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). ARAMARK Healthcare, ATS Healthcare Solution, and Crothall Healthcare are some of the key vendors of medical transport services across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the medical transport services market study.

Citing an instance, in August 2018, Ford Motor Company decided to enter into a partnership with Detroit Medical Center for expanding its medical transport services that it commenced in 2017. In yet another key move that can leverage the growth of U.S. medical transport services market, on September 24 2018, LogistiCare Solutions LLC—a major player in non-emergency medical transportation services market in the U.S.—declared the acquisition of Circulation- a Boston-based firm offering full suite of logistics services for managing HIPAA compliant non-emergency transportation services in the healthcare sector.

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This review is based on a report by Zion Market Research, titled Medical Transport Services Market By Type (Medical Products, Incubator Transport, Mobile Treatment Facilities, and Patient Transport); By End User (Hospitals, Private Paying Customers, Nursing Care Facilities, and Medical Centers): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2022.”- https://www.zionmarketresearch.com/report/medical-transport-services-market

Global Medical Transport Services Market

As estimated in this report, the global medical transport services market stood at US$ 66.0 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this medical transport services market is expected to reach US$ 96.0 billion by the end of the forecast period. The main types available in this medical transport services market are medical products, incubator transport, mobile treatment facilities, and patient transport. Among them, the demand for medical products is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Massive Demand For Medical Transport Services To Augment Market Sphere

“Rising amount of medical complications witnessed in the global population is one of the key factors that are predicted to lucratively influence the growth of medical transport services market in the years ahead,” says the author of this study. Apart from this, the availability of advanced healthcare transport services with a rise in the per capita income of the population is expected to drive the growth of medical transport services market over the coming years. In addition, widespread use of medical transport services for hospitals, medical centers, nursing care units, and customers are anticipated to enhance the scope of medical transport services market within the next few years.

Presence of Well-Developed Road Infrastructure To Support Regional Growth

Regionally, North America has been leading the worldwide medical transport services market and is anticipated to continue on the dominant position in the years to come, states the medical transport services market study. Well- developed road infrastructure facility along with increment in the patient awareness about the medical transport facilities is the main factor behind the dominance of the North America medical transport services market. The high number of market players being headquartered in North America is another significant factor that is supporting the growth of this regional medical transport services market.

The global medical transport services market is segmented as follows:

By Type

  • Medical Products Transport
    • Pharmaceutical Products
    • OTC Products
  • Incubator Transport
  • Mobile Treatment Facilities 
  • Patient Transport
    • Ambulance 
    • Helicopter  

By End-User

  • Hospitals 
  • Private Paying Customers 
  • Nursing Care Facilities 
  • Medical Centers

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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