NEW YORK, United States, March 15, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “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” in its research database.

“According to the latest research study, the demand of global Medical Transport Services Market size & share was valued at approximately USD 87.20 billion in 2021. The market is expected to grow above a CAGR of 4.50% and is anticipated to reach over USD 113.55 billion by 2028.”

The report analyzes the medical transport services market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global market.

Medical Transport Services Market Overview:

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.

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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.

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Report Scope:

Report Attribute Details
Market Size in 2021 USD 87.20 Billion
Projected Market Size in 2028 USD 113.55 Billion
CAGR Growth Rate 4.50% CAGR
Base Year 2021
Forecast Years 2022-2028
Key Market 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, and Others
Key Segment By Transport Vehicle, Emergency Services Type, Equipment Type, and Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Key Insights from Primary Research

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Industry Growth Drivers

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.

Restraints

Spending money to provide and enhance healthcare transportation services will be very expensive. Underdeveloped economies are unable to make such investments when local players are unwilling to do so. The rate of market expansion will be significantly affected as a result. Providing high-quality healthcare transportation services is a challenge for the industry. The key players' small reach is restricting the rate of growth.

Medical Transport Services Market: Segmentation Analysis

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 Analysis:

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.

Competitive Players:

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.

Some of the main players in the global medical transport services market include;           

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Recent Industry Developments:

The global medical transport services market is segmented as follows:

By Transport Vehicle

By Emergency Services Type

By Equipment Type

By Region

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