17-May-2022 | Zion Market Research
The U.S. Healthcare Transportation Services Market was worth around USD 15,295.6 million in 2021 and is estimated to grow to about USD 24,137.6 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.9 percent over the forecast period. The report analyzes the U.S. Healthcare Transportation Services Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the U.S. Healthcare Transportation Services Market.
Healthcare transportation is a collection of systematic processes that transports health-related key materials to and from various locations within the healthcare system. Healthcare Transportation Services make it possible to carry patients, drugs, machines, and samples and specimens for testing in a safe and efficient manner. The major reasons driving this market include are growing emphasis on strengthening healthcare systems, a growing requirement for speedy transportation of samples and specimens for testing, and a greater emphasis on reducing logistics costs. In addition, growing acceptance of telehealth and telemedicine services, an increase in government programs for COVID-19 vaccine development, and rising demand for improved point-of-care diagnostics and home healthcare devices have all contributed to the industry's expansion. A significant increase in demand for healthcare services globally, rising cases of SARS-CoV-2 infection, increased pharmaceutical R&D activity, and new drug pipelines are among the primary reasons driving the global pharma & healthcare business growth in recent years. Moreover, the growing elderly population and the expansion of R&D activities would boost overall market demand for healthcare transportation in the United States during the forecast period. Rapid research and development capabilities used to improve the technology involved in healthcare transportation services are also beneficial to the market. However, in order to operate in the direction of providing and improving healthcare transportation services, a significant amount of money must be spent. When even local players are afraid to invest in this area, underdeveloped economies are unable to do so. As a result, the rate of market expansion will be slowed. Furthermore, offering high-quality healthcare transportation services is a commercial problem. The limited reach of key players has a negative impact on the rate of growth.
The U.S. Healthcare Transportation Services Market is segregated based on Type, and End-Use. Based on Type, the global market is distinguished into Medical Transportation, Incubator Transport, Mobile Treatment Facilities, Patient Transport, and Non-Medical Transportation. Based on End Use, the global market is distinguished into Hospitals, Medical Centers, Nursing Care Facilities, and Airport Shuttle.
North America dominates the market for healthcare transportation services. This is due to the prevalence of an increasing population in need of medical support, as well as the availability of high-quality healthcare provisions. The presence of advanced technology also contributes to giving the greatest healthcare transportation services to the people of this region. The major players in the healthcare transportation services market in the United States are projected to maintain a competitive edge in the industry by expanding their product offerings and investing in mergers and acquisitions. Asia-Pacific, on the other hand, would outperform in terms of growth rate during the forecast period due to increased government expenditure on healthcare transportation services, particularly in developing economies. This is a critical component fueling the region's demand for innovative healthcare transportation services.
Key players functioning in the U.S. Healthcare Transportation Services Market include Logisticare Solutions LLC, ProHealth Care Inc., Mercy Health Medical Transportation LLC, Molina Healthcare, Inc., Express Medical Transporters, Inc., Aramark Healthcare Technologies LLC, Crothall Healthcare Inc., MTM, Inc., Acadian Ambulance Service Inc., and Mobile Care Group Inc.
Browse the full “U.S. Healthcare Transportation Services Market By Type (Medical Transportation, Incubator Transport, Mobile Treatment Facilities, Patient Transport, and Non-Medical Transportation). By End Use (Hospitals, Medical Centers, Nursing Care Facilities, and Airport Shuttle), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028” Report at https://www.zionmarketresearch.com/report/the-us-healthcare-transportation-services-market
U.S. Healthcare Transportation Services Market is segmented as follows:
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