The global patient transportation market is poised for steady growth, with an estimated valuation of USD 22,035.5 million in 2024. The market is expected to expand at a CAGR of 5.5% over the forecast period, reaching a total value of USD 37,639.9 million by 2034.
The demand for efficient and reliable patient transportation services has seen a significant rise, driven by the growing need for both emergency and non-emergency medical transport. In 2023, the revenue generated by non-emergency patient transportation alone reached USD 20,886.8 million, with the industry projected to exhibit a Y-o-Y growth of 5.5% in 2024.
Because of efficiency in the management of critical care and long-term care patients in mobility, positioning, and transfer, sales in the market are expected to grow. Apart from that, chronically ill patients are given alternatives for transportation to and from medical facilities. These instances are provisional, based on reimbursements for patient transportation equipment capabilities, as determined by the patient’s insurance coverage, or government-funded initiatives.
The market for patient transportation is likely to gain traction, especially with the high prevalence of chronic diseases, high volumes of trauma-related cases, and disabilities. In cases where bariatric and diabetic patients require caregiver assistance for mobility, patient transportation solutions provide assistance.
To offer a diverse product range, manufacturers in the patient transportation market are developing products which are engineered as per disease indication. Key competitors have maintained a leading position in the market by integrating smart technologies into existing product offerings.
Several firms are also promoting equipment sales through integration and collaboration with medical service providers, such as hospitals, which in turn is expected to boost sales in the market over the forecast period.
“Rising availability of indication-specific patient transportation solutions, along with the integration of connective technology such as artificial intelligence (AI) and IoT in beds and chairs will push sales in the market in the forthcoming years,” says an FMI analyst.
Key Takeaways:
- Based on application, the non-emergency transportation held about 47.4% of the total market share in 2021, and the trend is expected to continue over the forecast period.
- In terms of end users, the hospitals segment accounted for 45.9% of the total market share in 2021.
- Sales in the U.S. patient transportation market are projected to increase at a 6.3% CAGR over the assessment period.
- Germany will witness high demand for patient transportation solutions, rising at a 6% CAGR through 2032.
- China will continue dominating the East Asia patient transportation market, with sales growing at a 5.9% CAGR over the forecast period.
Competition Landscape
Key players operating in the global patient transportation market are improve their product portfolios by incorporating breakthrough technologies for comprehensive patient care throughout the transportation process. In addition to this, the newly developed products can be personalised for use in response to certain disease-related events. For instance:
- Stryker launched the industry’s first linked ambulance cot in March 2022, building on the success of its predecessor, the Power-PRO 2 powered ambulance cot. Greater manoeuvrability, improved safety, and connectivity tools are all part of the new development, which will help to mitigate time and cost constraints.
- In December 2021, Vendlet launched a new powered patient turning aid.
Key Players :
- 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
A Old Full Report Analysis Click Here
Market Segments Covered in Patient Transport Services Market Analysis
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
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
