Global Medical Transport Services Market Expected to Reach USD 42.0 Billion by 2024
The global Medical Transport Services Market was valued at around USD 25.0 Billion in the year 2014 and it is expected to reach approximately USD 42.0 Billion by 2024.
The new report by Zion Market Research on the “Medical Transport Services Market By Type (Medical Products, Incubator Transport, Mobile Treatment Facilities, and Patient Transport); By End User (Hospitals, Private Paying Customers, Nursing Care Facilities, and Medical Centers): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2022"has a vast information about the market and its potential.
The global Medical Transport Services Market was valued at around USD 25.0 Billion in the year 2014 and it is expected to reach approximately USD 42.0 Billion by 2024. The global Medical Transport Services Market is expected to exhibit a CAGR of more than 6.8% between 2017 and 2022.
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The increasing number of medical complication in the population is one of the major factors that drive the growth of the global Medical Transport Services Market. In major developing countries, advanced healthcare transport facilities are being implemented owing to the rise in the disposable income amongst the population; which is also the factor responsible for the growth in the medical transport services market in the future years.
Based on the primary research finding and secondary research analysis our research analysts observed that there will be an increasing demand for the Medical Transport Services Market from the Patient Transport segment.
The global Medical Transport Services Market is segmented on the basis of the type, end user, and the geographical regions.
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There are several medical transport services depending upon the type. It includes transportation of Medical products, Incubators, mobile medical facilities, and Patient. Among the services that are availed for medical transport, medical products segment contribute a major share in the market growth owing to growing demand and increasing consumption of the medical product.
Transport of medical product like the pharmaceutical and OTC products comprises of the moving of the stock from the manufacturer to the end user. Hence the medical product transport is expected to contribute maximum share in of about 47.7% in 2016 and is growing at a CAGR of 6.6% over the forecast period.
The rise in the volume of the patient as well as medicines consumed is the major factor that is triggering the growth of the Medical Transport Services Market. Thus, the Hospital segment is contributing a major share in the market growth. The hospital segment is projected to grow at a CAGR of 6.8% over the forecast period.
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The market is growing at a rapid rate in the developing regions. North America dominates the Medical Transport Services Market owing to its well developed and organized road infrastructures. The increase in the awareness levels regarding appropriate and timely transportation of the patient with all the required medical facilities is one of the crucial factors leading to the growth of medical transport services market in the developing region. Hence the market is growing rapidly in the developing regions. Moreover developing healthcare infrastructure in the region of Asia Pacific is likely to boost the market in the region over the forecast period with higher CAGR.
The major market players in the Medical Transport Services Market are ARAMARK Healthcare, ATS Healthcare Solution, Crothall Healthcare among others.
Global Medical Transport Services Market: Type Segment Analysis
Medical Products TransportPharmaceutical Products
Mobile Treatment Facilities
Global Medical Transport Services Market: End-User Segment Analysis
Private Paying Customers
Nursing Care Facilities
Global Medical Transport Services Market: Regional Segment Analysis
The Middle East and AfricaGCC Countries
Rest of MEA
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