AI-powered algorithms to drive the Non-Emergency Medical Transportation Market at a CAGR of 9%

PRESS RELEASE
Published April 11, 2023

Non-emergency medical transportation (NEMT) is a service provided to patients who are unable to transport themselves to medical appointments due to mobility or other health-related issues. This service is typically provided by specialized transportation companies that offer vehicles and drivers trained to transport patients safely and comfortably. The NEMT market has grown significantly in recent years, driven by an aging population, increasing rates of chronic diseases, and growing demand for cost-effective transportation solutions.

Market Overview:

As of the current year, 2022, the non-emergency medical transportation market share is estimated at US$ 9438.17 Mn. With the growing use of renewable energy, the demand for non-emergency medical transportation is likely to flourish, garnering US$ 22343.58 Mn and exhibiting a 9% CAGR from 2022-2032.

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Companies:

ABC Non-Emergency Medical Transportation, LLC
MTM, Inc.

AMR

Xpress Transportation

Southeastrans

ModivCare

Crothall Healthcare Inc.

Elite Medical Transport

Acadian Ambulance Service

Ers Transition Limited

Global Rescue LLC

Drivers and Restraints:

The Non-Emergency Medical Transportation (NEMT) market is expected to witness substantial growth in the coming years due to the increasing demand for transportation services for patients who require medical attention but do not have access to emergency services. The key drivers for the NEMT market include the growing elderly population, the rise in chronic diseases, and the need for affordable healthcare services. Additionally, the advancements in technology have enabled transportation service providers to offer efficient and reliable services, thereby boosting market growth. However, the market faces several restraints such as the lack of standardization in the transportation industry, the high cost of specialized vehicles and equipment, and the shortage of trained drivers and staff. Additionally, the regulatory challenges in the industry pose a significant challenge to the growth of the NEMT market. Despite these challenges, the market is expected to witness significant growth in the coming years due to the rising demand for reliable and affordable transportation services for medical purposes.

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Key Segments Covered in the Non-Emergency Medical Transportation Industry Report

Non-Emergency Medical Transportation Industry by Service Type

  • Private Pay Patient Transportation
  • Insurance Backed Patient Transportation
  • Courier Services
  • Other Services

Non-Emergency Medical Transportation Industry by Application

  • Dialysis
  • Routine Doctor Visits
  • Mental Health Related Appointments
  • Rehabilitation
  • Others

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About Us:

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

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