Medical Transport Services Market to Report Impressive Growth by 2022

With the presence of a large pool of participants, the global medical transport services market is displaying a highly competitive business landscape. ARAMARK Healthcare, ATS Healthcare Solution, and Crothall Healthcare are some of the key vendors of medical transport services across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development. Citing an instance, in August 2018, Ford Motor Company decided to enter into a partnership with Detroit Medical Center for expanding its medical transport services that it commenced in 2017. In yet another key move that can leverage the growth of US medical transport services market, on September 24 2018, LogistiCare Solutions LLC—a major player in non-emergency medical transportation services market in the US—declared the acquisition of Circulation- a Boston-based firm offering full suite of logistics services for managing HIPAA compliant non-emergency transportation services in the healthcare sector.

As estimated, the global medical transport services market stood at USD 66.0 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this medical transport services market is expected to reach USD 96.0 billion by the end of the forecast period. The main types available in this medical transport services market are medical products, incubator transport, mobile treatment facilities, and patient transport. Among them, the demand for medical products is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

“Rising amount of medical complications witnessed in the global population is one of the key factors that are predicted to lucratively influence the growth of medical transport services market in the years ahead,” says the author of this study. Apart from this, the availability of advanced healthcare transport services with a rise in the per capita income of the population is expected to drive the growth of medical transport services market over the coming years. In addition, widespread use of medical transport services for hospitals, medical centers, nursing care units, and customers are anticipated to enhance the scope of medical transport services market within the next few years.

Regionally, North America has been leading the worldwide medical transport services market and is anticipated to continue on the dominant position in the years to come, states the medical transport services market study. Well- developed road infrastructure facility along with increment in the patient awareness about the medical transport facilities is the main factor behind the dominance of the North America medical transport services market. The high number of market players being headquartered in North America is another significant factor that is supporting the growth of this regional medical transport services market. – Zion Market Research