Patient Transport Services Forecast Report – Designed for Decision Makers and Product Teams
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What Is the Growth Rate of the Patient Transport Services Market?
The size of the patient transport services market has seen a robust expansion in the past few years. There will be a rise from $40.33 billion in 2024 to $44.22 billion in 2025, marking a compound annual growth rate (CAGR) of 9.7%. This growth observed during the historic period can be attributed to factors such as demographic shifts, challenges in healthcare accessibility, integration of emergency medical services (EMS), modifications in government healthcare procedures, and collaborations established with healthcare providers.
What Growth Rate Is Forecasted for the Patient Transport Services Market by 2029?
Expectations are high for a swift expansion of the patient transport services market in the coming years, with predictions suggesting it will reach $67.64 billion in 2029, boasting a compound annual growth rate (CAGR) of 11.2%. This forecasted growth can be linked to factors such as telehealth and remote monitoring, population health management, tailored transport solutions, care based at home, and preparedness for global health events. The period of projection also sees trends such as the integration of telemedicine, modernization of the fleet, community-oriented services, personalised patient care, and logistics driven by data.
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Which Key Companies Are Shaping the Future of the Patient Transport Services Market?
Major companies operating in the patient transport services market include Envision Healthcare, Acadian Ambulance Service, Falck A/S, Air Methods Corporation, American Ambulance Service Inc., Air Medical Group, First Ambulance, National Patient Transport pty. Ltd., Express Medical Transporters, North West Ambulance Service, RNR Patient Transfer Services Inc., South Central Ambulance Service, Medivic Pharmaceutical Pvt. Ltd., London Ambulance Service, America Patient Transport Services Inc., ATS Healthcare Solutions, Xpress Non-Emergency Medical Transportation, PHI Air Medical, Babcock Scandinavian Air Ambulance, Lifeguard Air Ambulance, Air Ambulance Worldwide, REVA Air Ambulance, Jet Rescue Air Ambulance, AeroCare Medical Transport System, AirCARE1 International, AirMed International, Angel MedFlight Worldwide Air Ambulance, Global Air Ambulance, IAS Medical Limited, Medical Air Service, Native Air
Which Factors Are Driving Demand in the Patient Transport Services Industry?
The growth of the patient transport services market is anticipated to be fueled by the escalating number of road accidents. A road accident is defined as a mishap that involves at least one vehicle on a public roadway and results in at least one person being injured or perishing. The need for emergency medical transportation is often associated with road accidents, particularly for non-critical injuries or medical situations that immediately require hospital care. Constant care or rehabilitation due to accident-related injuries also necessitates medical transportation. For example, the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an Australian Federal Government agency based in Australia, reported in May 2023 that there were 1,194 fatalities in road accidents in 2022, marking a 5.8% increase from 2021. As a result, the patient transport services market is expanding owing to the increasing number of road accidents.
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How Is the Patient Transport Services Market Segmented by Several Divisions?
The patient transport services market covered in this report is segmented –
1) By Transport Vehicle: Ground Ambulance, Air Ambulance, Water Ambulance
2) By Equipment Type: Advanced Life Support (ALS) Patient Transport Service, Basic Life Support (ALS) Patient Transport Service
3) By Application: Emergency, Non-Emergency
4) By End-Users: Hospitals, Medical Centers, Retirement Communities, Hospice Care Facilities, Private Paying Customers, Nursing Care Facilities
Subsegments:
1) By Ground Ambulance: Basic Life Support (BLS) Ambulance, Advanced Life Support (ALS) Ambulance, Non-Emergency Medical Transport (NEMT)
2) By Air Ambulance: Helicopter Ambulance, Fixed-Wing Air Ambulance
3) By Water Ambulance: Coastal Water Ambulance, Inland Water Ambulance
What are the Emerging Market Trends Driving the Growth of the Patient Transport Services Industry?
The increased focus on product innovation is an emerging trend in the patient transport services market. Major firms in the industry are directing their resources toward the development of innovative products to maintain their market standing. This was exemplified in June 2022 when Technimount Medical, an emergency medical services (EMS) company based in Canada, introduced their new product line named Technimount’s THS, which includes the Techni-Track and Techni-Clamp. The Techni-Track is crafted with descending technology enabling adjustable and interchangeable accessories, facilitating easy height changes and IV bag installation and removal. The Techni-Clamp offers quick set up for pumps and other medical apparatus.
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Which Regions Are Driving Growth in the Patient Transport Services Market?
North America was the largest region in the patient transport services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient transport services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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This Report Delivers Insight On:
1. How big is the patient transport services market, and how is it changing globally?
2. Who are the major companies in the patient transport services market, and how are they performing?
3. What are the key opportunities and risks in the patient transport services market right now?
4. Which products or customer segments are growing the most in the patient transport services market?
5. What factors are helping or slowing down the growth of the patient transport services market?
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