Global Medical Transport Services Market is Likely to Grow at a CAGR Value of 4.50 % By 2028

09-Aug-2022 | Facts and Factors

According to Facts and Factors, the global medical transport services market size was worth around USD 87.20 billion in 2021 and is estimated to grow to about USD 113.55 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.50 % over the forecast period. The report analyzes the medical transport services market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the medical transport services market.

Medical transport is also known as emergency medical services and paramedic services. Ambulance services provide medical transport for illnesses and injuries. These services are typically offered outside hospitals through transportation and direct care. Specialized vehicles transport these medical services by land, air, and water to the needed locations. The ambulance, emergency air ambulance, emergency surface ambulance, non-emergency surface ambulance, non-emergency air ambulance, and other services are considered part of ambulance services. Medical transportation services offer convenient moving of patients, medications, medical equipment, samples, and specimens between locations. The notion of healthcare transportation is still in its infancy, but it has the potential to save both patients and healthcare professionals a significant amount of time. One of the most prevalent types of healthcare transportation services is the ambulance. The extent of ambulance services includes providing emergency medical treatment and planning a prompt patient transfer to the next level of care.

Browse the full “Medical Transport Services Market Size, Share, Growth Analysis Report By Transport Vehicle (Ground Ambulance, Air Ambulance, Water Ambulance), By Emergency Services Type (Emergency Services, Non-emergency Services), By Equipment Type (Advanced Life Support (ALS) Patient Transport Services, Basic Life Support (BLS) Patient Transport Services), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/medical-transport-services-market

The market value of medical transportation services will rise due to rising transportation services and growing public knowledge of the advantages of these services. The development of the global healthcare infrastructure has led to the emergence of healthcare transportation services. Emergency pre-hospital treatment and stabilization of significant diseases and injuries, as well as patient transfer services for in-depth care, are provided by ambulances or ambulance services. Pre-hospital therapy for the injured is provided by ambulance services, which constitute a crucial connection between medical care and disaster management systems.

Segmental Overview

The global medical transport services market is segregated based on transport vehicles, emergency services, equipment, and region. Based on product, the market is divided into Ground Ambulance, Air Ambulance, and Water Ambulance. Among these, ground ambulance led the market in 2021 and is expected to maintain its dominance during the forecast period. Based on emergency services type, the market is classified into Emergency Services and Non-emergency Services. Emergency services will dominate the market in 2021. Based on equipment type, the market is segmented into basic life support (BLS) ambulance services and advanced life support (ALS) ambulance services. In 2021, advanced life support (ALS) Ambulance Services will dominate the market.

Regional Overview

In 2021, North America dominated the market for ambulance services. The need for ambulance services in North America is expanding due to numerous significant market players, rising demand for high-quality healthcare services, a well-established healthcare infrastructure, and favorable healthcare policies and regulatory frameworks in the healthcare sector. Due to the rise in the number of elderly and obese people, who are more vulnerable to numerous chronic and acute diseases, the region has a high proportion of the global market. This surge in acceptance of modern treatment techniques and favorable reimbursement policies may be attributed to this.

Report Scope

Competitive Landscape

The report contains qualitative and quantitative research on the global medical transport services market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.

Key players functioning in the global medical transport services market include Envision Healthcare, London Ambulance Service NHS Trust, Acadian Ambulance Service, BVG India Limited, America Patient Transport Services, Inc, Falck Denmark A/S, Air Medical Group Holdings, Inc., Air Methods Corporation, Ziqitza Healthcare Limited, Medivic Aviation and other prominent players.

Recent developments:

• In September 2020, The International Critical Air Transfer Team (ICATT) and the Kyathi collaborated to develop India's first integrated air ambulance service in Karnataka.
• In October 2020, Advatech Healthcare Europe introduced HIPPO Mobility, the first technology-driven, customized, asset-light, and affordable transportation service in the UK for non-emergency patients, the elderly, and people with disabilities.

The Global Medical Transport Services market is segmented as follows:

By Transport Vehicle

• Ground Ambulance
• Air Ambulance
• Water Ambulance

By Emergency Services Type

• Emergency Services
• Non-emergency Services

By Equipment Type

• Advanced Life Support (ALS) Patient Transport Services
• Basic Life Support (BLS) Patient Transport Services

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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