Healthcare Transportation Services Market Size, Share, and Trends 2024 to 2033

Healthcare Transportation Services Market Size and Growth 2024 to 2033

The global healthcare transportation services market size was USD 99.43 billion in 2023, estimated at USD 106.02 billion in 2024 and is expected to reach around USD 188.94 billion by 2033, expanding at a CAGR of 6.63% from 2024 to 2033. Increasing prevalence of the orthopaedic conditions such as fractures, osteoarthritis, osteoporosis and sports injuries etc. are rising the demand for the healthcare transportation services which is expected to drive the growth of the market over the forecast period.

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Healthcare Transportation Services Market Key Takeaways

• North America dominated the healthcare transportation services market in 2023.
• Asia Pacific is expected to grow at a significant rate in the market during the forecast period.
• By type, the patient transport segment dominated the market with the largest share in 2023.
• By end user, the hospitals segment dominated the market in 2023.

Healthcare Transportation Services Market Overview

Healthcare transportation services provide the timely patient service. It provides convenient transportation services of drugs or medicines, healthcare equipment, samples, and biological specimens, etc. from one place to other. For people who live in rural or underserved areas and healthcare professionals to connect, transportation is essential. Transport systems greatly enhance patients' access to healthcare services that might otherwise be inaccessible by facilitating their access to hospitals, clinics, or specialized care centers. For patients in need of urgent care, prompt and dependable transportation is essential to guaranteeing they reach the closest medical facility on time.

By avoiding the hazards associated with delayed emergency responses, effective ambulance services with paramedics in training and state-of-the-art medical equipment can save lives. A vital link in the healthcare supply chain, transportation guarantees the prompt delivery of medical supplies, pharmaceuticals, and other necessities to healthcare facilities. An efficiently managed transportation system guarantees that healthcare providers have access to the resources they need to provide high-quality care, including life-saving drugs and vaccines. Transport networks also assist the safe shipment of blood and organs needed for transplants. Given the delicate nature of these products, well-organized transport networks are crucial in reducing delays and ensuring their viability.

Healthcare Transportation Services Market Growth Factors

• Expansion of home healthcare services can boost the healthcare transportation services market growth.
• Hospital expansion projects are expected to drive the healthcare transportation services market’s growth.
• Rising aging population is estimated to fuel the market growth.
• Increasing healthcare expenditure is expected to create lucrative opportunity for market growth.
• Government healthcare initiatives is estimated to foster the growth of the market.
• Increasing veterinary applications emergency in the society is expected to drive the market growth over the forecast period.

Healthcare Transportation Services Market Scope

Healthcare Transportation Services Market Dynamics

Drivers

Launch of the healthcare transportation services

Increasing launch of the new healthcare transportation service by the key players in the market is estimated to fuel the healthcare transportation services market’s growth over the forecast period. For instance, in May 2024, Babyscripts, tele-maternal health company and comprehensive maternity care service providing company revealed the launch of the new program to provide transportation to maternal hospitals. The company offers travelling facilities for people who are pregnant and face difficulty in transportation.

Restraint

Lack of skilled professionals

Even though there is a high demand for healthcare transportation services, factors like a shortage of qualified healthcare professionals, the high cost of maintenance and emergency care services, and limited awareness about healthcare services, particularly in some developing nations are anticipated to somewhat impede the growth of the healthcare transportation services market as a whole over the course of the forecast period. A severe healthcare professional shortage is now plaguing the healthcare sector, a problem made worse by the COVID-19 epidemic and its aftermath. For instance, in June 2023, according to data published by the Employment and Social Development Canada, non-profit organization of government of Canada, it was published that since there is a severe lack of skilled healthcare workers in Canada, especially Medical Laboratory Technologists (MLTs), MLTs are essential to the country's healthcare systems.

• Moreover, in March 2022, according to the data published by the American Hospital Association, throughout the COVID-19 epidemic, hospital employment has decreased dramatically. The American Hospital Association reports that from February 2020 to September 2021, hospital employment fell by around 94,000, with a decline of more than 8,000 in only one month, from August 2021 to September 2021.

Opportunity

Increasing government initiatives and funding

In February 2023, according to the data published by the Medical Council of Canada, in order to enhance Canadians' access to health care, the Canadian government announced plans to invest about $200 billion over ten years, including US$46.2 billion in new financing for provinces and territories. These investments, on top of the substantial funding already in place, will contribute to giving Canadians access to a health care system that includes the following: timely, equitable, and high-quality mental health, substance use, and addictions services to support their well-being; access to their personalized electronic health information; and access to high-quality family health services when required including in rural and remote areas and for underserved communities. Hence, increasing government initiatives and funding provided by the government is estimated to create lucrative opportunities to fuel up the growth of the healthcare transportation services market over the forecast period.

Type Insights

The patient transport segment held the dominating share of the healthcare transportation services market in 2023 on account of factors such as increasing geriatric population and rise in the number of patient pool. Patient transport services are used for emergency cases like transporting elderly patients, accidental cases, airport emergency patients and mentally as well as physically disabled patients to medical centers for regular checkups. For instance, in January 2024, according to the article published by the Centers for Disease Control and Prevention (CDC), it was estimated that more than 14 million older adults in the U.S. fall each year accidentally and even found to be the primary cause of death in geriatric population. Furthermore, in March 2023, according to the data published by the World Health Organization, it was estimated that adults aged 65 and older experienced more than 3,000 fatal falls every month, resulting in 40,923 fatal fall injuries in 2022.

End-Use Insights

The hospitals segment held the largest share of the healthcare transportation services market in 2023. Increasing prevalence of chronic diseases and need for emergency admission of patient in hospital is expected to drive the hospital segment growth over the forecast period. For instance, in January 2024, according to the data published by the American Heart Association, it was reported that 300,000 to 450,000 deaths occurred due the cardiac arrest in the U.S. in 2023. Over 356,000 out-of-hospital cardiac arrests (OHCA) occur in the United States each year, with approximately 90% of them ending in death. According to the same source, cardiovascular diseases (CVDs) account for 17.9 million deaths annually, making them the leading cause of death. Medical equipment and supplies are mostly transported to hospitals using healthcare transport services in addition to patient transportation to hospital. Hence, the rising number of chronic diseases is expected to foster the growth of the hospital segment during the forecast period.

Regional Insights

North America dominated the healthcare transportation services market with the largest share in 2023. The rise in the number of chronic diseases as well as after the Covid-19 pandemic the demand for the emergency patient transport service to hospital found to be increased in North America. Increasing funding by the government for the healthcare transport projects is expected to drive the growth of the market in the U.S.

• For instance, on June 06, 2024, Federal Transit Administration, non-profit organization that provides financial and technical assistance to local public transit systems in U.S., announced that in the U.S., US$ 7.8 million in competitive grant funding for initiatives that enhance older adult and disabled people's access to essential healthcare services in low-income neighbourhoods and preceding year will be given to 17 projects spread across 15 states in Fiscal Years 2024.

Furthermore, in November 2023, Federal Transit Administration stated that US$4.7 million in competitive granted funding for Fiscal Year 2023 was made available for initiatives that enhance low-income communities' and older individuals' and people with disabilities' access to essential services. In Canada the government initiatives and funding for developing the healthcare facility and the skilled healthcare professional is expected to drive the growth of the market over the forecast period. For instance, in November 2023, the Medical Council of Canada, an organization charged with the partial assessment and evaluation of medical graduates received US$ 28.8 million from government of Canada for their project Modernizing Mandatory Physician Activities to enable safe patient care. The project intends to improve patient care through the creation of a National Registry of Physicians, a competency evaluation framework for foreign medical graduates, and an updated licensure verification examination procedure.

Asia Pacific is expected to witness the fastest growth over the forecast period owing to the increasing initiatives by the government to provide topline healthcare services for patients suffering with chronic diseases in the Asia Pacific region. For instance, February 2024, according to the data published by the World Health Organization it was reported that India has developed a multisectoral National Pandemic Preparedness Plan for Respiratory Viruses, a major step in the country's efforts to be ready for future respiratory pandemics.

The WHO's South-East Asia Regional Office arranged a regional workshop on the Preparedness and Resilience for Emerging Threats (PRET) project on October 12–13, 2023, which preceded this national endeavour. The goal of the workshop was to increase the effectiveness of pandemic preparedness for the nations in the region, acknowledging that similar skills and abilities can be utilized and implemented for different groupings of viruses according to their manner of transmission.

Healthcare Transportation Services Market Companies

• Centene Corporation
• MedSpeed
• Force EMS
• DHL International GmBH,
• Watts Healthcare
• Crothall Healthcare
• Patriot Medical Transport
• WellMed Medical Management, Inc.
• FirstGroup Plc
• GoodFaith Medical Transportation
• Acadian Ambulance
• Aramark
• Piedmont Healthcare
• MTM
• OnTime Medical Transportation
• Hope Medical Transportation
• ProHealth Care
• Dash Xpress Medical Transport
• MTI America
• SCR Medical Transportation
• Molina Healthcare 
• LogistiCare

Recent Developments

• On January 15, 2024, it was estimated that Government of India is revolutionizing healthcare in India with the help of Ministry of Electronic and IT, non-profit Organization, by providing digital innovations in India’s healthcare sector. The Digital India initiative has significantly transformed India's health care system. E-Sanjeevani, CoWIN App, E-Hospital, Ayushman Bharat Digital Mission, Aarogya Setu and other initiatives have made health care services and facilities available throughout India. Through digital highways, these projects overcome the current distance between various healthcare ecosystem stakeholders.
• On March 27, 2024, according to the data published by the Medical Council of Canada, the government of Canada signed two mutual agreements with Quebec, located in central Canada to support initiatives to improve health care facilities in Canada. The signing of two bilateral agreements to provide more than US$3.7 billion in federal financing to enhance healthcare in Quebec was announced by Canada's Health Minister. Under the government's pledge to invest US$6.7 billion in Quebec over a ten-year period, these agreements signify the initial funding. The 2024–2027 strategic plan of Quebec's Department of Health and Social Services will be initially supported by the Government of Canada with an allocation of US$2.5 billion.

Segments Covered in the Report

By Type

• Medical Transportation
• Pharmaceuticals 
• Over the Counter Products
• Cosmetics
• Patient Transport
• Emergency
• Non-emergency
• Mental Health Transport
• Intensive Care Patient Transport
• Incubator Transport
• Mobile Treatment Facilities
• Non-medical Transport
• Mailroom Services
• Event Covers
• Medical Repatriation Services
• Courier Services

By End-Use

• Hospitals
• Medical Centers
• Private Paying Customers
• Nursing Care Facilities
• Airport Shuttle
• Others

By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa