Non-emergency medical transportation (NEMT) refers to services provided to individuals who require transportation for medical appointments or treatments but do not need emergency care during transport. NEMT services are a critical component of the healthcare system, ensuring that patients can access routine medical care, treatments and follow-up appointments, which is essential for maintaining health and managing chronic conditions.
The global non-emergency medical transportation market was valued at $7156.77 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.0%.
Rising Healthcare Expenditure
The rising healthcare expenditure globally supported the expansion of the non-emergency medical transportation (NEMT) market during the historic period. Healthcare expenditures can play a crucial role in promoting non-emergency medical transportation. Healthcare expenditures help in allocating funds for non-emergency medical transportation (NEMT) services, enhancing accessibility for patients requiring routine medical appointments, dialysis, physical therapy or other non-emergency services. For instance, according to the Canadian Institute for Health Information, a US-based not-for-profit organization, in 2023, Canada's total health spending reached $344 billion, or $8,740 per person. The hospital costs rose by 4.1% in 2023 and 11.1% in 2022. The growth in physician spending was 6.9% in 2023 and 9.5% in 2022. Therefore, rising healthcare expenditures drove the growth of the non-emergency medical transportation (NEMT) market.
Strategic Partnerships And Collaborations Among Major Players
Strategic partnerships and collaborations among major companies in the non-emergency medical transportation (NEMT) market aim to leverage each partner's strengths and resources to enhance their competitive edge and expand their market reach. Strategic partnerships enable companies to navigate regulatory complexities, improve operational efficiency and innovate more effectively in response to evolving customer needs and market dynamics. For example, in August 2023, TRC Companies Inc., a US-based company that provides customized technology resources and solutions for the logistics, partnered with Maruti Transportation Group (Maruti), a US-based company that provides non-emergency medical transportation. With this partnership, TRC (Transportation Resources Corporation) has signed a two-year contract with Maruti Transportation Group to provide non-emergency medical transportation (NEMT) services in both Texas and Florida.
The global non-emergency medical transportation market is fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 9.29% of the total market in 2023.
Non-Emergency Medical Transportation Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global non-emergency medical transportation market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for non-emergency medical transportation? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The non-emergency medical transportation market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider non-emergency medical transportation market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by application, by end user and by vehicle type.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the non-emergency medical transportation market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by application, by end user and by vehicle type, in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for non-emergency medical transportation providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1)By Type: Courier Services; Insurance Backed Patient Transportation; Private Pay Patient Transportation.
- 2) By Application: Dialysis; Routine Doctor Visits; Mental Health-Related Appointments; Rehabilitation; Other Applications.
- 3) By End-User: Airport Shuttle; Hospital Medical Laboratories; Nursing Care Facilities.
- 4) By Vehicle Type: Ambulatory Vans; Minivans; Wheelchair-Lift-Equipped Vehicles; Stretcher Vans; Flight Escorts.
- Companies Mentioned: Flack A/S; ModivCare; MTM Inc.; Crothall Healthcare; American Medical Response Inc. (AMR).
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia.
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; non-emergency medical transportation indicators comparison.
- Data Segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.