[250 Pages Report] Newly released Patient Transport Services Market analysis report by Future Market Insights shows that global sales of Patient Transport Services Market in 2021 was held at US$ 34.1 Billion. With 12%,the projected market growth during 2022 to 2032 is expected to be significantly higher than the historical growth. Ground Ambulance is expected to be the highest revenue generating Transport Vehicle, projected to grow at a CAGR of over 13.1% during 2022 to 2032.
| Attributes | Details |
|---|---|
| Patient Transport Services Market CAGR (2022 to 2032) | 12% |
| Patient Transport Services Market Size (2022) | US$ 37.9 Billion |
| Patient Transport Services Market Size (2032) | US$ 117.1 Billion |
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As per the Patient Transport Services Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Patient Transport Services Market increased at around 11% CAGR. The market has been escalating due to growing number of injuries, deaths or health emergencies.
Road traffic accidents are the ninth greatest cause of death in the globe. According to ASIRT, over 37,000 people die in road accidents in the United States each year, with an additional 2.4 Mn injured or handicapped. From 2014 to 2015, according to the Ministry of Road Transport and Highways Transport Research Wing of the Government of India, road accidents climbed by 2.5%, while road accident deaths increased by 4.6%. It further stated that around 400 people die on Indian roadways every day. Tamil Nadu (69,059), Maharashtra (63,805), and Madhya Pradesh were the states with the most road accidents in 2015. (54,947).
Cardiovascular diseases (CVDs) necessitate rapid medical attention and emergency medical services, such as cardiac arrest, congestive heart failure, stroke, and coronary artery disease. CVDs are the largest cause of death worldwide, according to WHO, accounting for 31% of all fatalities in 2015. Stroke was responsible for 6.7 Mn of these deaths, whereas coronary heart disease was responsible for 7.4 Mn. According to the Centers for Disease Control and Prevention (CDC), around 735,000 incidents of heart attack are recorded in the United States each year. According to the British Heart Foundation, heart attacks result in around 200,000 hospital visits each year, or one every three minutes.
Furthermore stroke is estimated to cause roughly 40,000 fatalities in the United Kingdom each year. Cardiovascular Disease is one of the top causes of death worldwide, and it often requires urgent medical intervention, resulting in an increasing number of instances of emergency medical service contracts. This increases the chances for the industry's growth.
The presence of a large population pool over the age of 60, who have reduced immune level and is more susceptible to neurological disorders, heart difficulties, cancer, and spinal injuries, is also projected to be a high impact rendering driver for Patient Transport Services market expansion over the projection period. According to the World Health Organization, the number of individuals aged 65 and more is expected to rise from an estimated 524 million in 2010 to nearly 1.5 billion in 2050. Arthritis, heart attacks, osteoporosis, obesity, and strokes are very common among older population. Patients with severe illnesses may require both emergency and non-emergency services. As a result, the market is expected to rise as the geriatric population grows.
Medical tourism is also on the rise as a result of improved healthcare facilities and reimbursement rules. According to the Directorate-General of Commercial Intelligence and Statistics of India's report "Export Health Services: 2015-2016," India had approximately 58,300 medical tourists with visas for medical travel in 2015-2016. In addition, according to a data published by Ctrip, a renowned Chinese travel operator, medical tourism in China grew by 500% in 2016, with 500,000 outbound medical travels.
Principal Consultant
Patient Transport Services are expected to expand due to a better reimbursement system and a boost in medical tourism through forecast time frames. Medical tourism is frequently regarded by people in wealthy countries if the expense of treatment in their own country is significantly greater.
According to the "Patients Beyond Border" guidebook, average healthcare savings in the most-travelled destinations are Brazil (20-30%), Costa Rica (45-65%), India (65-90%), Malaysia (65-80%), Mexico (40-65%), Singapore (25-40%), South Korea (30-45%), Taiwan (40-55%), Thailand (50-75%), Turkey (50-65%), using the United States as a benchmark. India, Costa Rica, Turkey, Israel, Singapore, Malaysia, Taiwan, Mexico, South Korea, Thailand, and the United States are among the key medical tourism destinations.
North America dominated the Patient Transport Services market in 2021, accounting for over 45% of the total revenue. Several major market participants, the need for high quality medical care, the region's well-functioning healthcare infrastructure, and agreeable reimbursement policies and regulatory reforms in the health sector all play significant roles in the growth of the sector. The US healthcare system's emphasis on quality of care and value-based services has resulted in market expansion. Furthermore, the growth of community paramedicine in North America has contributed to the region's large market size.
Community paramedicine permits Emergency Medical Services (EMS) staffs to act outside of their conventional emergency response and transport roles by providing a variety of services such as preventive and primary care. The expansion of market in North America has been fueled by the introduction of fresh concepts and increased consumer demand for better services in this area.
The market in Asia Pacific is expected to grow the fastest over the course of the next decade. Improved medical care infrastructure and an increase in road accidents are among the major factors that are expected to drive the market in the region forward. Traffic-related accidents in Asia Pacific often require emergency medical services, which crops up demand for the emergency medical equipment industry in the region. To avoid squandering of healthcare funding, government initiatives to develop infrastructure are expanding throughout the world.
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The United States is expected to account for 2/5th of the global revenue by the end of 2032. Technologies that automate vertical take-off and landing (VTOL) aircraft and unmanned aerial systems (UAS) are making the industry more broadly streamlined by permitting new aircraft designs, services, and business models to be made. Air mobility in metropolitan areas (Metropolitan air mobility, UAM) provides people with on-demand travel arrangements that help facilitate urban living.
The Ground Ambulance segment is forecasted to grow at the highest CAGR of over 13.1% during 2022-2032. Vans or pickup trucks, cars/SUVs, motorcycles, bicycles, all-terrain vehicles, golf carts, and buses are examples of ground ambulances. Ambulances are classified as Type I, Type II, Type III, and Type IV in the United States. Type I vehicles include rescue vehicles and Advanced Life Support vehicles with large truck chassis (ALS). Vans or pickup vehicles classified as Type II are used to transport patients for Basic Life Support (BLS). Type III ambulances are van-based vehicles that perform similarly to Type I ambulances. Type IV trucks are used for impromptu patient transfers. Different areas have set criteria for ambulance design in terms of outside markings, equipment level, and crash resistance.
Air Patient Transport Services are anticipated to grow the fastest over the next three decades. Air ambulances will carry wounded passengers from the scene to medical facilities in airplanes, helicopters, or fixed-wing aircraft. These services are performed almost exclusively as a life-saving method of assisting and evacuating seriously injured or hurt patients. With patient transfers from healthcare facilities being uncommon, patient evacuation generally is the focus of these missions. Air ambulances are quicker than ground and water ambulances, and they can reach remote areas where surface and water ambulances cannot reach. The main drawback of air Patient Transport Services is their high cost.
People are constantly searching for better and safer air medical services to be present in an efficient manner to various locations, which creates opportunities for market growth. Increasing congestion and more congested road systems are causing a rise in the demand for air transportation services. Because these services can transport passengers to various locations more efficiently and safely, this has paved the way for new improvements in existing services, creating future demand for air Patient Transport Services.
The Emergency Services segment is forecasted to grow at the highest CAGR of over 11.3% during 2022-2032. In 2021, the emergency services category led industry revenue, with a 61.5% share. Historical trends Pollyanna predicts that the segment will experience considerable growth over the coming decade. Factors that affect circulatory conditions, such as cardiac arrest, stroke, heart failure, and increased prevalence of COVID-19, are behind the forecasted increase.
Patients with severe injuries or illnesses, as well as those who require immediate medical attention, are served by emergency Patient Transport Services. BLS, ALS, paramedics, and Emergency Medical Technicians are all part of the emergency Patient Transport Services (EMT). Every country has an emergency number for summoning Patient Transport Services to an accident scene, such as 911 in the United States, 999 in the United Kingdom, and 108 in India. Patient Transport Services provide medical and healthcare treatment to patients on the spot and transport them to medical facilities.
To survive in the industry after the COVID-19 accident, market players have established a variety of commercial tactics, including strategic agreements, technology advancements, and collaborations. Mahindra, for instance, introduced a new battery-powered ambulance with a folding trolley, first aid equipment, air conditioning, an ad display, and an inner lighting display in June 2020.
As more people are opting for air ambulance treatment, as well as the rising utilization by private patients, this industry is most anticipated to steadily increase in the years ahead. Air ambulance companies supply health care and transportation to medical centers for their customers.
To strengthen their position in the market, key firms use strategies such as mergers and acquisitions, collaborations, and the development of new products. Among the leading players in the global Patient Transport Services market are Envision Healthcare, London Ambulance Service NHS Trust, Acadian Ambulance Service, BVG India Limited, America Patient Transport Services, Inc.
Similarly, recent developments related to providers of Patient Transport Services have been tracked by the team at Future Market Insights, which are available in the full report.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | US$ Billion for Value |
| Key Regions Covered | North America, Latin America, Europe, APAC, Middle East & Africa |
| Key Countries Covered | United States, UK, China, South Korea, Japan |
| Key Market Segments Covered | Transport Vehicle Type, Emergency Services Type, Equipment Type |
| Key Companies Profiled |
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| Pricing | Available upon Request |
The global Patient Transport Services Market is worth more than US$ 34.1 Bn at present.
Value of Patient Transport Services are projected to increase at a CAGR of around 12% during 2022 – 2032.
Value of Patient Transport Services Market increased at a CAGR of around 11% during 2017 – 2021.
The market is growing due to an increase in the number of traffic accidents and the incidence of cardiovascular disorders among consumers.
The market for Patient Transport Services Market in US is projected to expand at a CAGR of around 13% during 2022 – 2032.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
4. Global Patient Transport Services Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Patient Transport Services Market Analysis 2017-2021 and Forecast 2022-2032, By Transport Vehicle
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Transport Vehicle, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Transport Vehicle, 2022-2032
5.3.1. Ground Ambulance
5.3.2. Air Ambulance
5.3.3. Water Ambulance
5.4. Y-o-Y Growth Trend Analysis By Transport Vehicle, 2017-2021
5.5. Absolute $ Opportunity Analysis By Transport Vehicle, 2022-2032
6. Global Patient Transport Services Market Analysis 2017-2021 and Forecast 2022-2032, By Emergency Services
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) Analysis By Emergency Services, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Emergency Services, 2022-2032
6.3.1. Emergency Services
6.3.2. Non-emergency Services
6.4. Y-o-Y Growth Trend Analysis By Emergency Services, 2017-2021
6.5. Absolute $ Opportunity Analysis By Emergency Services, 2022-2032
7. Global Patient Transport Services Market Analysis 2017-2021 and Forecast 2022-2032, By Equipment Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) Analysis By Equipment Type, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Equipment Type, 2022-2032
7.3.1. Advanced Life Support (ALS) Patient Transport Services
7.3.2. Basic Life Support (BLS) Patient Transport Services
7.4. Y-o-Y Growth Trend Analysis By Equipment Type, 2017-2021
7.5. Absolute $ Opportunity Analysis By Equipment Type, 2022-2032
8. Global Patient Transport Services Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Patient Transport Services Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Transport Vehicle
9.2.3. By Emergency Services
9.2.4. By Equipment Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Transport Vehicle
9.3.3. By Emergency Services
9.3.4. By Equipment Type
9.4. Key Takeaways
10. Latin America Patient Transport Services Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Transport Vehicle
10.2.3. By Emergency Services
10.2.4. By Equipment Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Transport Vehicle
10.3.3. By Emergency Services
10.3.4. By Equipment Type
10.4. Key Takeaways
11. Europe Patient Transport Services Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Transport Vehicle
11.2.3. By Emergency Services
11.2.4. By Equipment Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Transport Vehicle
11.3.3. By Emergency Services
11.3.4. By Equipment Type
11.4. Key Takeaways
12. Asia Pacific Patient Transport Services Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. India
12.2.1.5. Rest of Asia Pacific
12.2.2. By Transport Vehicle
12.2.3. By Emergency Services
12.2.4. By Equipment Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Transport Vehicle
12.3.3. By Emergency Services
12.3.4. By Equipment Type
12.4. Key Takeaways
13. MEA Patient Transport Services Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. GCC
13.2.1.2. Rest of MEA
13.2.2. By Transport Vehicle
13.2.3. By Emergency Services
13.2.4. By Equipment Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Transport Vehicle
13.3.3. By Emergency Services
13.3.4. By Equipment Type
13.4. Key Takeaways
14. Key Countries Patient Transport Services Market Analysis
14.1. U.S.
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Transport Vehicle
14.1.2.2. By Emergency Services
14.1.2.3. By Equipment Type
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Transport Vehicle
14.2.2.2. By Emergency Services
14.2.2.3. By Equipment Type
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Transport Vehicle
14.3.2.2. By Emergency Services
14.3.2.3. By Equipment Type
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Transport Vehicle
14.4.2.2. By Emergency Services
14.4.2.3. By Equipment Type
14.5. Argentina
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Transport Vehicle
14.5.2.2. By Emergency Services
14.5.2.3. By Equipment Type
14.6. Germany
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Transport Vehicle
14.6.2.2. By Emergency Services
14.6.2.3. By Equipment Type
14.7. Italy
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Transport Vehicle
14.7.2.2. By Emergency Services
14.7.2.3. By Equipment Type
14.8. France
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Transport Vehicle
14.8.2.2. By Emergency Services
14.8.2.3. By Equipment Type
14.9. U.K.
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Transport Vehicle
14.9.2.2. By Emergency Services
14.9.2.3. By Equipment Type
14.10. Spain
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Transport Vehicle
14.10.2.2. By Emergency Services
14.10.2.3. By Equipment Type
14.11. Russia
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Transport Vehicle
14.11.2.2. By Emergency Services
14.11.2.3. By Equipment Type
14.12. BENELUX
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Transport Vehicle
14.12.2.2. By Emergency Services
14.12.2.3. By Equipment Type
14.13. China
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Transport Vehicle
14.13.2.2. By Emergency Services
14.13.2.3. By Equipment Type
14.14. Japan
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Transport Vehicle
14.14.2.2. By Emergency Services
14.14.2.3. By Equipment Type
14.15. South Korea
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Transport Vehicle
14.15.2.2. By Emergency Services
14.15.2.3. By Equipment Type
14.16. India
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Transport Vehicle
14.16.2.2. By Emergency Services
14.16.2.3. By Equipment Type
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Transport Vehicle
14.17.2.2. By Emergency Services
14.17.2.3. By Equipment Type
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Transport Vehicle
15.3.3. By Emergency Services
15.3.4. By Equipment Type
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Envision Healthcare
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segment
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. London Patient Transport Services NHS Trust
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segment
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. Acadian Ambulance Service
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segment
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. BVG India Limited
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segment
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. America Patient Transport Services, Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segment
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. Falck Denamark A/S
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segment
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. Air Medical Group Holdings, Inc.
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segment
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. Air Methods Corporation
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segment
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. Ziqitza Healthcare Limited
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segment
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Medivic Aviation
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segment
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Patient Transport Services Market
