U.S. healthcare transportation services market expected to reach USD 31.51 billion globally by 2026, at a CAGR of around 4.23% between 2018 and 2026. Transportation services in the healthcare sector act as an aid to ensure the safe and timely transfer of patients, medicines, medical equipment, and test specimens from one location to another.
The report analyzes and forecasts the healthcare transportation services market in the U.S. on the country level. The study offers past data for 2016 and 2017 along with forecast from 2018 to 2026 based on revenue (USD Billion). Assessment of healthcare transportation services market dynamics gives a brief thought about the drivers and restraints for the healthcare transportation services market along with the impact they have on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the healthcare transportation services market on the U.S. level.
The report gives a transparent view of the healthcare transportation services market. We have included a detailed competitive scenario and portfolio of leading vendors operative in the U.S. healthcare transportation services market. To understand the competitive landscape in the healthcare transportation services market, an analysis of Porter’s Five Forces model for the healthcare transportation services market has also been included. The study encompasses a market attractiveness analysis, wherein the type and end-users segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a crucial view of the healthcare transportation services market by segmenting the market based on type, product, application, and countries. All the segments of healthcare transportation services market have been analyzed based on present and future trends and the market is estimated from 2018 to 2026. Based on the type, the U.S. healthcare transportation services market is segmented on the basis of type and end-users. The two types of healthcare transportation services are medical transportation and non-medical transportation. Medical transportation is sub-segmented into medical products, incubator transport, mobile treatment facilities, and patient transport. The patient transport segment is again classified into emergency, non-emergency, mental health transport, and intensive care patient transport. Also, non-medical transportation is further categorized into mailroom services, event covers, medical repatriation services, courier services, and others. Some of the end-users of healthcare transportation services include private paying customers, hospitals, medical centers, nursing care facilities, and airport shuttle. The segmentation by state comprises the current and forecast demand for the U.S. with further state-level division into Texas, Alabama, Massachusetts, New Jersey, Washington, and rest of the U.S.
The competitive profiling of noticeable players of the U.S. healthcare transportation services market includes company and financial overview, business strategies adopted by them, their recent developments, and product offered by them which can help in assessing competition in the market. Key players included in the report are Logistic are 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., Mobile Care Group Inc., Medspeed LLC, WellMed Medical Management Inc., American Medical Response, Inc., Lyft, Inc., and Uber Technologies, Inc., among others.
The report segments of the U.S. healthcare transportation services market are as follows:
The U.S. Healthcare Transportation Services Market: By Type
The U.S. Healthcare Transportation Services Market: By End-Users
The U.S. Healthcare Transportation Services Market: By Countries
Transportation is inextricably linked to the economic and social factor that favors mobility of people. The healthcare research team has opined that 20% of health can be attributed to medical care, while access to transportation, educational attainment, housing status, and healthy food accounted for 40%. Transportation barriers can be interrelated with social determinants of health, such as social isolation, poverty, racial discrimination, and access to education. It might result in increased health expenditures, overall poorer health outcomes, and delayed or missed healthcare appointments. The development of appropriate and affordable transportation options, bike lanes, walkable communities, and other healthy transit options can help improve health conditions.
The transportation system is considered an integral part of the entire healthcare market. Based on the instructions established by main healthcare bodies, the transport service providers have to comply with regulations like having sufficient field and clinical experience to deal with different types of health conditions. The rising geriatric population prone to cardiovascular diseases is one of the major driving forces of the U.S. healthcare transportation services market. Medical transportation has catered to a large number of patients in the past few years due to the aforementioned reason. Moreover, accelerating medical tourism, favorable reimbursement policies, and advancement in technology are some other factors fuelling the demand for healthcare transportation services in the U.S. However, the dearth of skilled healthcare professionals and expensive emergency care services can hamper the growth of the U.S. healthcare transportation services market.
The U.S. healthcare transportation services market is segmented based on type, end-users, and states. On the basis of type, the U.S. healthcare transportation services market is bifurcated into medical transportation and non-medical transportation. Medical transportation is sub-segmented into medical products, incubator transport, mobile treatment facilities, and patient transport. The patient transport segment is further bifurcated into emergency, non-emergency, mental health transport, and intensive care patient transport. The non-medical transportation is further categorized into mailroom services, event covers, medical repatriation services, courier services, and others. In case of patient transportation, non-emergency segment held the largest market share in 2017, accounting for 31.3%, while the emergency module held a market share of 26.2% and is expected to reach nearly 26.5% during the forecast period. The end-users of healthcare transportation services are private paying customers, hospitals, medical centers, nursing care facilities, and airport shuttle. The segmentation by states comprises the current and forecast demand for the U.S., which is fragmented into Texas, Alabama, Massachusetts, New Jersey, Washington, and rest of the U.S.
The prominent players in the U.S. healthcare transportation services market are expected to balance a competitive edge in the market by increasing their product line-up and investing in mergers and acquisitions. For instance, in March 2017, American Medical Response, Inc. and Lyft, Inc. announced their partnership in order to offer non-emergency medical transportation services to patients. Moreover, in March 2018, Uber, a well-known transportation service company in the U.S., launched a new digital tool to book rides for patients. These services are known to be cheaper and more reliable than any other mode of non-emergency medical transportation.
Major participants involved in the U.S. healthcare transportation services market are 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., Mobile Care Group Inc., Medspeed LLC, WellMed Medical Management Inc., American Medical Response, Inc., Lyft, Inc., and Uber Technologies, Inc., among others.
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