Individuals whose disease symptoms may limit their mobility can receive assistance from the patient transportation products (equipment and tools) that are available on the market. These products are used to make healthcare services and interventions more accessible to people who are afflicted, diseased, or elderly and who are dependent on healthcare providers and guardians or who require medical transportation during emergencies.
After the COVID-19 accident, the patient transportation market participants have established a variety of different commercial strategies in order to continue operating in the industry effectively. These strategies include strategic agreements, technological advancements, and collaborations.
North America will dominate the Patient Transportation Market
Through the course of the forecast period, it is anticipated that the North American region will experience significant growth at a CAGR of 6.9%. in the patient transportation market. The market has been largely controlled by the North American region. Because, in comparison to other countries, the United States has a healthcare infrastructure that is highly developed, and also because the services and products that are ancillary to patient safety as well as the availability of emergency patient transportation, are easily accessible.
Europe will see a stable growth rate in the period of interest
The patient transportation market in Europe do not use the same models for NEMT service, and numerous European countries are currently developing completely new regulations for the industry. One thing that's consistent across all of Europe is that there are no middlemen involved in the patient-provider connection process. Instead, the government and, more specifically, health care providers make that introduction. The majority of these service providers are typically private companies; however, overall control and responsibility lie with government organizations.
The Hospital Segment will dominate the Patient Transportation Market
The hospital segment has dominated the market by holding the largest share of 45% of the total market and it is anticipated that this segment will continue to grow over the course of the anticipated period. Because the retailer and manufacturers work with hospitals and healthcare centers to upgrade the devices, install new innovative ideas, and maintain their equipment, these institutions are working with them to maintain their equipment. Additionally, through affiliation and link-ups with other medical care facilities, the availability of patient transportation equipment has increased, which has led to an extension of the patient transportation services offered by the affiliated facilities.
In the year 2022, it is anticipated that the value of the global market for patient transportation will amount to US$ 19.7 million. Increasing investments in the healthcare sector across a variety of countries are expected to steer sales in the market at a CAGR of 5.9%, which will push the market size to US$ 30.32 Mn by the year 2029.
There is a wide variety of merchandise on the market right now that can provide affected people who are in need of some assistance with their mobility.
It has been demonstrated that in the event of an emergency, the provision of assistive equipment and aids for transportation is essential in the prevention of adverse outcomes that have the potential to result in the patient's death or serious injury. In addition, an increasing number of patients are becoming immobile as a result of chronic diseases, disabilities, external injuries, and inherited disorders, which is further supporting the requirement for efficient patient transportation solutions.
Because there is already a well-developed healthcare infrastructure in place in developing countries, patient transportation has become significantly easier to access. It is anticipated that product innovations that feature improved capabilities will be beneficial to the global patient transportation market. Incorporating innovative technology into the healthcare systems already in place in developing nations can help to accelerate the development of improved solutions that address the problem of resource availability to ensure that patient transportation is carried out effectively.
In addition, the high prevalence of obesity and the growing bariatric population is driving up the demand for mobility solutions. Bariatric lifts and chairs, beds, and support surfaces are examples of specialized equipment that can help ensure the safety of patients and facilitate adequate transportation while also allowing caregivers to safely handle the patients they are responsible for.
In the global patient transportation market, some of the most successful companies include Envision Healthcare Corporation, Falck A/S, DHL Healthcare, American Medical Response, ATS Healthcare Solutions, Pro HealthCare, Airpal, Air Methods Corporation, National Medtrans Network, Watts Healthcare, NSL Limited, Logisticare, Airmed International, and Acadian.
- The most recent investment made by DHL Supply Chain will bring the company's total number of locations in the United States to six by the end of 2022.
- The acquisition included National MedTrans's ongoing contractual connections to provide non-urgent medical transportation.
Patient Transportation Market Scope
|Revenue forecast in 2029
|US$ 30.32 Mn
|CAGR of 5.9% during 2019-2029
|By Type, By End-User, By Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Envision Healthcare Corporation, Falck A/S, DHL Healthcare, American Medical Response, ATS Healthcare Solutions, Pro HealthCare, Airpal, Air Methods Corporation, National Medtrans Network, Watts Healthcare, NSL Limited, Logisticare, Airmed International, and Acadian.
Key segments in ‘Global Patient Transportation Market’
By Type (USD Million)
- Ground Mode
- Air Mode
- Water Mode
By End-User (USD Million)
- Emergency Users
- Non-Emergency Users
By Application (USD Million)
- Retirement Centers
- Medical Centers
- Nursing Care Facilitation
- Private Special Customers
By Region (USD Million)
- North America
- The United States of America
- The United Kingdom
- South Korea
- South America