Report: US Non-Emergency Medical Transportations Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Service Type (Private Pay Patient Transportation, Insurance-Backed Patient Transportation, Courier Services, and Other Services), Facility(Intra-facility and Inter-facility) Application (Dialysis, Routine Doctor Visits, Mental Health Related Appointments, Rehabilitation, and Others), and End user(Hospitals & Clinics, Nursing Homes, Homecare Settings, MCO & State Agencies, Healthcare Payers, and Others)
Private Pay Patient Transportation Segment to Lead Market from 2022 to 2028
According to our new research study on “US Non-Emergency Medical Transportations Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Service Type, Facility, Application, and End User, and Geography,” the market is expected to grow from US$ 5,653.6 million in 2021 to US$ 10,246.7 million by 2028; it is estimated to grow at a CAGR of 9.1% from 2022 to 2028.
The growing need for non-emergency medical transportation and a rise in the incidence of chronic conditions are the key factors driving the growth of the US non-emergency medical transportation market. The lack of efficient oversight systems and fraud by NEMT companies hinder the overall market growth. The growing role of technology in NEMT is expected to provide lucrative opportunities for the US non-emergency medical transportation market players in the coming years.
Based on service type, the US non-emergency medical transportation market is segmented into private pay patient transportation, insurance-backed patient transportation, courier services, and others. The private pay patient transportation segment is expected to account for the largest share of the market in 2022. Moreover, the same segment is anticipated to register the highest CAGR in the market during the forecast period. The private pay patient transportation services to and from doctor’s appointment venues, hospital visits, pharmacy pick-ups, and different healthcare-related journeys for those who are not Medicaid members. The patient pays private fee for non-emergency medical transportation as Medicare and private insurance don’t include transportation fees. Various benefits associated with private pay patient transportation for NEMT companies include custom NEMT rates of reimbursement with higher margins compared to others, a distance of the trip, tendency to travel during off-peak hours in addition to regular business hours.
Impact of COVID-19 Pandemic on US Non-Emergency Medical Transportation Market
The COVID-19 pandemic has led to an immense burden on the healthcare sector in the US, due to surged need for isolation, prevention, and treatment, thereby raising the demand for advanced healthcare facilities. To combat the spread of SAR-CoV-2, governments imposed stringent policies related to lockdowns, business shutdowns, and workforce limitations in 2020 and 2021 to prevent and reduce infection and mortality rates. Many companies offering NEMT in the US were adversely affected by the disease outbreak. The subsequent shutdown of healthcare and research facilities, risk of transmission through public transportation and shared rides, cancellation or postponement of non-emergency appointments, and extended use of telehealth further resulted in reduced NEMT demand. However, NEMT services were needed during pandemic, especially among the chronically ill group that face greater transportation barriers than the general public. Thus, the NEMT market has started out rebounding in the second half of 2020. In 2021, NEMT volume actually exceeded the pre-pandemic levels services, including trips for adult day health services and behavioral health appointments. Therefore, with the continued demand from chronically ill populations, the NEMT market will grow in the coming years.
ABC Non-Emergency Medical Transportation, LLC; MTM, Inc.; AMR; Xpress Transportation; CJ Medical Transportation; Southeastrans; ModivCare; Crothall Healthcare; Elite Medical Transport; and Acadian Ambulance Service are among the leading companies operating in the US non-emergency medical transportation market.
The report segments the US non-emergency medical transportation market as follows:
The US non-emergency medical transportation market is segmented on the basis of service type, facility, application, and end user. Based on service type, the market is segmented into private pay patient transportation, insurance-backed patient transportation, courier services, and others. By facility, the market is divided into intra-facility and inter-facility. Based on application, the market is segmented into dialysis, routine doctor visits, mental health-related appointments, rehabilitation, and others. By end user, the market is segmented into hospitals & clinics, nursing homes, homecare settings, MCO & state agencies, healthcare payers, and others
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com