Global Healthcare Transportation Services Market: Overview
Primarily, healthcare transportation services act as an aid to ensure the timely and safe transfer of patients, medical equipment, test specimen and medicines from one location to another; thus improving the efficiency of the healthcare system.
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Generally, a healthcare system comprises of different components contributing to research, testing, diagnosing and disease treating. The transportation system forms an integral part of the entire healthcare industry. Based on the guidelines established by healthcare bodies, the provider of transport services has to comply with regulations such as having sufficient clinical and field experience to deal with varying levels of patient condition and acuity. The transport team needs to work closely with members of the system dealing with clinical care members and focus on evaluating the risks and benefits of transfer. Healthcare transportation services offer transport solutions for the logistical needs of patients, hospitals, medical centers, nursing care facilities and airport shuttle.
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The report offers in-depth insights into the key growth dynamics, various factors boosting prominent segments, recent trends, and the vendor landscape of the global healthcare transportation services market. The study evaluates the scope of various technological advancements and emerging deploying models and services expected to influence the market trajectory over the forecast period of 2018 and 2026.
Global Healthcare Transportation Services Market: Trends and Opportunities
The medical transportation services market has played witness to a large number of patents between in the past few years. The high number of patents in the sector showcases the brisk rate of adoption of technology in this field. However, providing quality emergency services to the mushrooming geriatric population in the developed regions is still a challenge for this market. Moreover, the limited out-reach of key players and lack of investments from local players is a major factor that could restrain the growth of the healthcare transportation services market.
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It has been noted that, ambulances and the vehicles that are used for the transportation of the patients and other medical goods require regular servicing and quality check by the transport regulatory bodies of the respective regions. Such processes that involve routine checkups of the transportation vehicles require time. Hence, in order to continue such services there should be additional vehicles or other substitute vehicles. Also, the maintenance cost incurred on vehicles and the air ambulance is comparatively high. Hence these factors are likely to restrict the growth of the market over the forecast period.
However, there are some prominent trends that are expected to augur well for the emergence of the global healthcare transportation services market. Researchers around the world have come up with an innovative trend of making drones to carry automated external defibrillators to the sites of cardiac arrest cases faster than ambulances. Even a medical professional is not present at the site, when an AED carried by drone arrives to the spot, a non-medical professional can also go through the process of using it by his/her own hand. These drones are capable to travel even to places which are difficult for easy human access such as tribal and reserved areas. These could prove to be especially beneficial in fuelling the healthcare transportation services market to a large degree.
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Global Healthcare Transportation Services Market: Regional Outlook
The global healthcare transportation services market has been segmented region wise into: North America, South America, Asia Pacific, Europe, and, the Middle East and Africa. The swiftest growing market is expected to be in Asia Pacific, on account of the surge in government spending on healthcare facilities. This is a pivotal factor driving the demand for advanced healthcare transportation services in the region.
Global Healthcare Transportation Services Market: Competitive Landscape
The leading market players are expected to maintain a competitive edge in the global healthcare transportation services market by making investments in the mergers and acquisitions and by increasing their product portfolio. For instance, In March 2017, American Medical Response and Lyft Announce Partnership to Provide Non-Emergency Medical Transportation Services for Patients. In October 2016, ATS Healthcare has developed coast to coast temperature management services with mission-critical pharmaceutical shipments in mind.
Some of the leading names operating in the global healthcare services market are Xpress Non-Emergency Medical Transportation, Logisticare, American Medical Response., ATS Healthcare Solutions., and DHL Healthcare.
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