Patient Transport Services Global Market Report 2024

Description

“Patient Transport Services Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on patient transport services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for patient transport services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The patient transport services market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Transport Vehicle: Ground Ambulance; Air Ambulance; Water Ambulance
2) By Equipment Type: Advanced Life Support (ALS) Patient Transport Service; Basic Life Support (ALS) Patient Transport Service
3) By Application: Emergency; Non-Emergency
4) By End-Users: Hospitals; Medical Centers; Retirement Communities; Hospice Care Facilities; Private Paying Customers; Nursing Care Facilities
Companies Mentioned: Envision Healthcare; Acadian Ambulance Service; Falck A/S; Air Methods Corporation; Berliner Verkehrsbetriebe (BVG)
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Patient transport services encompass non-emergency transportation of patients between medical facilities, ensuring safe transit from hospitals to homes, rehabilitation centers, or nursing homes.

These services utilize different vehicle types ground ambulance, air ambulance, and water ambulance. Ground ambulances cater to patients requiring specialized or emergency medical care, either at their location or while in transit. Equipment includes advanced life support (ALS) and basic life support (BLS) services, utilized in emergency and non-emergency situations. These services find applications in hospitals, medical centers, retirement communities, hospice care facilities, and nursing care facilities, serving both private-paying customers and medical institutions.

The patient transport services market research report is one of a series of new reports from The Business Research Company that provides patient transport services market statistics, including patient transport services industry global market size, regional shares, competitors with a patient transport services market share, detailed patient transport services market segments, market trends and opportunities, and any further data you may need to thrive in the patient transport services industry. This patient transport services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The patient transport services market size has grown rapidly in recent years. It will grow from $36.37 billion in 2023 to $40.07 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The expansion observed in the historical period can be attributed to several factors, including demographic shifts, challenges in healthcare access, the integration of emergency medical services (EMS), government healthcare policies, and strategic partnerships with healthcare providers. These elements collectively contributed to the growth and evolution of patient transport services during that period.

The patient transport services market size is expected to see rapid growth in the next few years. It will grow to $59.5 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. Several major trends are projected for this forecast period, such as the integration of telemedicine into patient transport services, the modernization of transport fleets, the expansion of community-based services, a shift towards personalized patient care, and the utilization of data-driven logistics to optimize operations and enhance service delivery.

The expected surge in patient transport services is driven by the escalating frequency of road accidents. These incidents involve vehicle-related mishaps on public roads resulting in injuries or fatalities, necessitating urgent medical transport. Individuals with non-life-threatening injuries or in need of immediate medical attention post-accident require emergency medical transport. Moreover, those necessitating continued care or rehabilitation due to accident-related injuries also rely on medical transportation. For example, the National Highway Traffic Safety Administration reported an estimated 20,175 fatalities from road car accidents in the first half of 2022 in the U.S., marking a 0.5% rise from 2021. Similarly, 42,915 deaths occurred on American roadways in 2019, showing a 10.5% increase from 2020, signifying the role of rising road accidents in driving the patient transport services market.

The growth trajectory of patient transport services is anticipated to be bolstered by the expanding geriatric population. This demographic, encompassing individuals aged 65 years or older, typically requires specific healthcare services and social support tied to the aging process. Patient transport services play a crucial role in providing efficient transportation solutions, facilitating enhanced access to healthcare facilities for this aging segment. The World Health Organization projected a global population of around 1.4 billion individuals aged 60 years or older by 2022, up from 1 billion in 2020. With estimates suggesting that one out of every six individuals worldwide will be aged 60 years or older by 2030, the burgeoning geriatric population significantly drives the growth of patient transport services.

Innovation emerges as a pivotal trend within the patient transport services market, with leading companies striving to introduce novel products to fortify their market standing. For instance, Technimount Medical, a Canada-based emergency medical services provider, introduced the Techni-Track and Techni-Clamp under its THS product line in June 2022. These innovations, equipped with Descending technology, facilitate easier height adjustments and IV bag installations and enable quick installation of pumps and medical devices, underscoring the significance of product innovation in driving the patient transport services market.

Major players in the patient transport services arena are embracing strategic partnerships to expand their service offerings. This collaborative approach involves companies leveraging each other's strengths and resources for mutual growth. For instance, Advantus Health Partners, a U.S.-based healthcare solutions provider specializing in supply chain management and medical logistics, partnered with HHS in May 2023. This strategic alliance aims to optimize transportation logistics, enhance patient outcomes, and foster a patient-centric approach. The collaboration, supported by an eight-year, $1.2 billion agreement, is poised to significantly contribute to the growth of the healthcare transportation services market.

In August 2022, MTM Inc., a U.S.-based company specializing in medical and transportation management, successfully acquired Veyo LLC for an undisclosed sum. This strategic acquisition positions MTM to bolster its service enhancements and self-service capabilities, aiming to deliver an unparalleled Non-Emergency Medical Transportation (NEMT) experience within the industry. Veyo LLC, the acquired entity, is recognized as a prominent U.S.-based provider of non-emergency medical transportation services.

Major companies operating in the patient transport services market report are Envision Healthcare, Acadian Ambulance Service, Falck A/S, Air Methods Corporation, Berliner Verkehrsbetriebe (BVG), American Ambulance Service Inc., Air Medical Group, First Ambulance, National Patient Transport pty. Ltd., Express Medical Transporters, North West Ambulance Service, RNR Patient Transfer Services Inc., South Central Ambulance Service, Medivic Pharmaceutical Pvt. Ltd., London Ambulance Service, America Patient Transport Services Inc., ATS Healthcare Solutions, Xpress Non-Emergency Medical Transportation, PHI Air Medical, Babcock Scandinavian Air Ambulance, Lifeguard Air Ambulance, Air Ambulance Worldwide, REVA Air Ambulance, Jet Rescue Air Ambulance, AeroCare Medical Transport System, AirCARE1 International, AirMed International, Angel MedFlight Worldwide Air Ambulance, Global Air Ambulance, IAS Medical Limited, Medical Air Service, Native Air

North America was the largest region in the patient transport services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient transport services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the patient transport services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The patient transport services market includes revenues earned by entities by ambulatory transportation, non-emergency medical transportation, stretcher transportation, wheelchair transportation, door-through-door transportation, and curb-to-curb transportation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11985

1. Executive Summary

2. Patient Transport Services Market Characteristics

3. Patient Transport Services Market Trends And Strategies

4. Patient Transport Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Patient Transport Services Market Size and Growth

5.1. Global Patient Transport Services Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Patient Transport Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Patient Transport Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Patient Transport Services Market Segmentation

6.1. Global Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Ground Ambulance
Air Ambulance
Water Ambulance
6.2. Global Patient Transport Services Market, Segmentation By Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Advanced Life Support (ALS) Patient Transport Service
Basic Life Support (ALS) Patient Transport Service
6.3. Global Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Emergency
Non-Emergency
6.4. Global Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals
Medical Centers
Retirement Communities
Hospice Care Facilities
Private Paying Customers
Nursing Care Facilities

7. Patient Transport Services Market Regional And Country Analysis

7.1. Global Patient Transport Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Patient Transport Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Patient Transport Services Market

8.1. Asia-Pacific Patient Transport Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Patient Transport Services Market

9.1. China Patient Transport Services Market Overview
9.2. China Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Patient Transport Services Market

10.1. India Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Patient Transport Services Market

11.1. Japan Patient Transport Services Market Overview
11.2. Japan Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Patient Transport Services Market

12.1. Australia Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Patient Transport Services Market

13.1. Indonesia Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Patient Transport Services Market

14.1. South Korea Patient Transport Services Market Overview
14.2. South Korea Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Patient Transport Services Market

15.1. Western Europe Patient Transport Services Market Overview
15.2. Western Europe Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Patient Transport Services Market

16.1. UK Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Patient Transport Services Market

17.1. Germany Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Patient Transport Services Market

18.1. France Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Patient Transport Services Market

19.1. Italy Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Patient Transport Services Market

20.1. Spain Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Patient Transport Services Market

21.1. Eastern Europe Patient Transport Services Market Overview
21.2. Eastern Europe Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Patient Transport Services Market

22.1. Russia Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Patient Transport Services Market

23.1. North America Patient Transport Services Market Overview
23.2. North America Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Patient Transport Services Market

24.1. USA Patient Transport Services Market Overview
24.2. USA Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Patient Transport Services Market

25.1. Canada Patient Transport Services Market Overview
25.2. Canada Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Patient Transport Services Market

26.1. South America Patient Transport Services Market Overview
26.2. South America Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Patient Transport Services Market

27.1. Brazil Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Patient Transport Services Market

28.1. Middle East Patient Transport Services Market Overview
28.2. Middle East Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Patient Transport Services Market

29.1. Africa Patient Transport Services Market Overview
29.2. Africa Patient Transport Services Market, Segmentation By Transport Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Patient Transport Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Patient Transport Services Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Patient Transport Services Market Competitive Landscape And Company Profiles

30.1. Patient Transport Services Market Competitive Landscape
30.2. Patient Transport Services Market Company Profiles
- 30.2.1. Envision Healthcare
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Acadian Ambulance Service
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Falck A/S
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Air Methods Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Berliner Verkehrsbetriebe (BVG)
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Patient Transport Services Market Competitive Benchmarking

32. Global Patient Transport Services Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Patient Transport Services Market

34. Patient Transport Services Market Future Outlook and Potential Analysis

34.1 Patient Transport Services Market In 2028 - Countries Offering Most New Opportunities
34.2 Patient Transport Services Market In 2028 - Segments Offering Most New Opportunities
34.3 Patient Transport Services Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer