The global Healthcare Transportation Services market for s valued at $79.43 billion iHealthcare Transportation Services Market 2017 is anticipated to grow at a CAGR of nearly 4.2% during the forecast period.
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A large number of processes that are carried out in the healthcare industry are extremely critical as they can majorly affect a patient’s life. One of these is medical transportation which is extremely essential for admission of patients and delivery of medicines when the patient is in need. The demand for the healthcare transportation services market size is therefore perpetually high as the need for medical transportation is virtually constant according to a business intelligence report published by IndustryARC. As per the report, by the end of 2023, the healthcare transportation market is evaluated to earn a market revenue of $101.3 billion. The report covers healthcare transportation market size by type and end use industry, healthcare transportation market share by top 5 companies and also the market share by start-ups during the forecast period.
The report is titled ‘Healthcare Transportation Services Market: By Medical Transportation (Pharmaceutical, Incubator, Mobile Treatment, Others); By Non-Medical (Courier service, Event Cover, Others); By End-user (Hospital, Airport Shuttle, Nursing Care, Others); By Geography - Forecast (2018-2023).’ The analyst of the report has concentrated on explaining in detail about the market forces, which include the rising need for logistics cost reduction, and quick transportation of samples. During the forecast period 2018-2023, the healthcare transportation services market is projected to grow with a CAGR of 4.17%.
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Healthcare Transportation Services Market: Regional Analysis and Competitive Analysis
‘In the recent years, there has been a growing focus on developing sophisticated healthcare transportation services to ensure that the patients receive adequate medical attention on time. These systems play a vital role in improving healthcare by encouraging greater use of preventive medical care, providing mobility aids to disabled people and by reducing overall health cost,’ states the analyst of the report. Further estimations by the analyst includes key market players who have played a fundamental role in the healthcare transportation services market. These companies are Logisticare Solutions LLC, American Medical Response, Healthcare Transportation LLC, Prohealth Care, DHL International GmbH, ERS Medical, First Transit Inc., Molina Healthcare Inc., ATS Healthcare, Xpress Non-Emergency Medical Transportation Inc., Crothall Healthcare Inc., Aramark Healthcare, MTM Inc., Acadian Ambulance Service Inc., Mobile Care Group Inc., Medspeed LLC, Wellmed Medical Group, Medical Services Ltd, and BIOS Groep, Falck A/S.
In 2018, the Americas generated a total revenue of $5.14 billion and became the geographical leader of the healthcare transportation services market. The U.S. and Canada have the highest number of geriatric people, who often require immediate medical transportation services. This has been the most important factor for the growth of the healthcare transportation market in the Americas.
Healthcare Transportation Services Market: Recent Developments
American Medical Response (AMR) recently began its 5-year term as the exclusive advanced life support transportation services provider in the U.S. The services that AMR offered have been lauded by citizens across the country.
DHL International GmbH, after innovating in the healthcare transportation market and releasing services such as cold chain services and inbound transport recently opened a logistics center in Germany in order to expand its operations.
Crothall Healthcare Inc. recently acquired the U.S. based Modern Medical Systems, which provides excellent professional maintenance and service to the medical community. This acquisition has helped Crothall to extend its medical maintenance programs to meet the rising transportation needs of the healthcare industry.
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