Non-emergency medical transportation (NEMT) is a vital service that offers transportation to individuals who are unable to travel to medical appointments due to health or disability reasons. NEMT services can be provided through various modes of transportation such as ambulances, wheelchair vans, or taxis. NEMT services are essential for individuals who require regular medical appointments but cannot drive themselves or rely on public transportation.
Market Size and Forecast:
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.
Service Type:
Based on service type, the NEMT market is segmented into ground ambulance, wheelchair vans, and others. Among these, the ground ambulance segment accounted for the largest market share in 2020 and is expected to continue to dominate the market during the forecast period due to the growing demand for emergency medical transportation services.
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End User:
Based on end-users, the NEMT market is segmented into hospitals, nursing care facilities, and others. Among these, hospitals accounted for the largest market share in 2020 and are expected to continue to dominate the market during the forecast period due to the increasing demand for hospital-based medical transportation services.
Regional Analysis:
The global NEMT market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these, North America accounted for the largest market share in 2020, followed by Europe and Asia Pacific. The growth of the market in North America is attributed to the increasing geriatric population, rising prevalence of chronic diseases, and the growing demand for NEMT services.
Competitive Landscape:
The global NEMT market is highly competitive, with the presence of several global and regional players. Some of the key players operating in the market include Logisticare Solutions LLC, Medical Transportation Management, Inc., American Medical Response, Inc., First Transit, Inc., Molina Healthcare, Inc., and Xpress Non-Emergency Medical Transportation, Inc.
Conclusion:
In conclusion, the NEMT market is expected to grow at a significant rate during the forecast period due to the increasing demand for NEMT services resulting from the growing geriatric population, rising prevalence of chronic diseases, and increasing healthcare expenditure. The market is highly competitive, with several global and regional players. The ground ambulance segment accounted for the largest market share in 2020, and North America accounted for the largest market share geographically.