New Jersey NEMT Market Size, Dynamics, and Analysis by 2031
The New Jersey NEMT market size is projected to reach US$ 740.96 million by 2031 from US$ 443.25 million in 2023. The market is expected to register a CAGR of 6.7% during 2024–2031. Collaborations with transportation network companies are likely to remain a key trend in the New Jersey NEMT market
New Jersey NEMT Market Analysis
People covered by Medicaid in the US can avail of transportation services as an essential benefit. The KFF Medicaid Budget Survey estimates state that 18.4% of the New Jersey population had enrolled in Medicaid healthcare membership as of 2022, which was mostly driven by the COVID-19 crisis and a high unemployment rate. The requirement for NEMT services grows further with the rise in healthcare enrollment and eligibility. According to a study published in the American Journal of Public Health in 2019, ~16,000 individuals in the US seem to miss their doctors’ appointments on a daily basis due to lack of transportation, and several of these individuals have chronic conditions. Thus, the need for transportation is increasing among patients as they struggle to reach clinics or hospitals as per their appointments, which benefits the NEMT service providers in New Jersey.
New Jersey NEMT Market Overview
NEMT may involve ride-sharing or exclusive ride-hiring conveyance opted by individuals to reach the location of a medical care facility. NJ Rideshare is one of the best resources for finding a better way to commute in New Jersey. Their free ride-matching service connects people to New Jersey's largest commuter network. EZ Ride makes it easy for users to join an existing carpool. As a Transportation Management Association affiliated with the New Jersey Department of Transportation (NJ DOT), they can easily match other commuters in the concerned area who wish to share a ride to a common destination. Ridesharing companies such as Uber and Lyft offer NEMT services, while start-ups such as Circulation and Ride Health promise to provide transportation services appropriate for the purpose.
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New Jersey NEMT Market: Strategic Insights
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New Jersey NEMT Market Drivers and Opportunities
Surging Incidence of Chronic Conditions Favors Market
According to the Department of Health, State of New Jersey, chronic diseases are the leading causes of death and disability, and cardiovascular disease and cancer collectively account for ~40% of all deaths. As per the same source, the age-adjusted death rate of heart disease was 157.9 per 100,000 among New Jersey residents in 2021. There has been a staggering rise in the percentage of adults and children affected by chronic illnesses. Chronically ill patients can be the main concern for family members. Apart from worrying about their recurring medical expenses, family members also need to be proactive in arranging transportation, as these patients require regular access to life-saving health services to remain fit. While some might require therapies on a daily basis, many visit their physicians for weekly consultations. Moreover, several chronic diseases can result in temporary or permanent immobility. The availability of NEMT allows individuals having chronic medical conditions to access life-sustaining treatments and healthcare services without any delay. Thus, the growing incidence of chronic diseases bolsters the growth of the New Jersey NEMT market share.
Technological Advancements to Create Market Opportunities
Managed care organizations are currently focused on digitizing their operations to enhance patient care. Service providers and users are likely to benefit from technologically advanced NEMT solutions in the coming years. Incorporating technologies such as GPS tracking and electronic scheduling software in NEMT would strengthen program integrity and improve on-time performance along with contributing to customer satisfaction. As a result, the preference for services enabled by these technologies is increasing among states, brokers, MCOs, providers, drivers, and beneficiaries. GPS data, typically collected through a smartphone or tablet in vehicles, is compiled to determine the genuineness and authorization of trips, determining the authenticity and authorization of trips. The data can also be used to track the real-time performance of drivers. More advanced GPS technology (e.g., real-time location monitoring) can allow brokers to track drivers who are likely to arrive late at the patient’s location and assign new ones without delay to ensure that the appointment is not missed. Integration of modern technologies is expected to create significant opportunities for the New Jersey NEMT market players to expand their customer reach across the state.
New Jersey NEMT Market Report Segmentation Analysis
Key segments that contributed to the derivation of the New Jersey NEMT market analysis are offering, payment type, facility, application, and end user.
- Based on offering, the NEMT market is segmented into services and solutions/platforms. The services segment is further segmented into ambulatory transportation, wheelchair and stretcher transportation, medical escort services, public transit programs, and others. The services segment held a larger market share in 2023.
- By payment type, the market is segmented into private pay patient transportation and insurance-backed patient transportation. The private pay patient transportation segment held a larger share of the market in 2023.
- In terms of facility, the market is segregated as intra-facility and inter-facility. The inter-facility segment dominated the market in 2023.
- Based on application, the NEMT market is segmented into dialysis; routine doctor visits; chronic care management, and preventive care and specialist visit; mental health related appointments; rehabilitation; special needs application; and others. The mental health-related appointments segment dominated the market in 2023.
- Based on end user, the NEMT market is segmented into healthcare institutions, schools, homecare settings (private), non-profit and district communities, managed care organizations and state agencies, healthcare payers, and others. The healthcare institutions segment is further segmented into hospitals and clinics, nursing homes, senior homes, assisted living facilities/adult day care centers, rehabilitation, medical universities, and others. The healthcare institutions segment dominated the market in 2023.
New Jersey NEMT Market Share Analysis by Geography
The scope of the New Jersey NEMT Market report is mainly divided into the following counties: Middlesex County, Monmouth County, Mercer County, Somerset County, and the Rest of New Jersey.
Middlesex County dominated the New Jersey NEMT market in 2023. The Department of Transportation of Middlesex County mainly focuses on providing safe, reliable, and convenient transportation by introducing initiatives to improve the quality of transportation. The MEC pilot initiative was introduced to address transportation gaps in urbanized areas throughout Middlesex County as well as to ensure that the evolving transportation and mobility system is inclusive and accessible to all residents. As part of this project, the county plans to offer a 24/7, on-demand transit service that enables picking up users at a location of their choice and dropping them off at their destinations. The Middlesex County Area Transit (MCAT) also focuses on modernization to address the growing demand from communities. With this, the county focuses on the goal of achieving a largely electric fleet by 2035; preparing a layout of a real-time, on-demand scheduling and tracking system; and offering an extensive range of mobility options. MCAT services include a reservation-based transportation service for people aged 60 and older and for those with disabilities, aged 18 and above. The ongoing betterment of transportation facilities by the Department of Transportation of Middlesex County subsequently drives the improvement of NEMT services in the county.
New Jersey NEMT Market Report Scope
New Jersey NEMT Market Report Coverage and Deliverables
The “New Jersey NEMT Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- New Jersey NEMT market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- New Jersey NEMT market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- New Jersey NEMT market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the New Jersey NEMT market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Leading players in the New Jersey NEMT market include Uber Technologies Inc, Abba Medical Transportation LLC, NJ STAR LIMO, Able Medical Transportation Inc., Bell Medical Transport, Upscale Medical Transportation NJ, Marvel Medical Transport LLC, Life Ride, SJSL Specialty Transport, INSPIRING NJ, ASK Transportation Services LLC, and Boomerang Transportation.
Collaborations among transportation network companies and NEMT service providers are likely to emerge as a key trend in the market.
In 2023, Middlesex County dominated the New Jersey NEMT market.
The New Jersey NEMT Market size is projected to reach US$ 740.96 million by 2031.
The increasing need for NEMT and the surging incidence of chronic conditions are the key factors bolstering the growth of the market.
The market is expected to register a CAGR of 6.7% during 2024–2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 County level data:
4. New Jersey NEMT Market Landscape
4.1 Overview
4.2 PEST Analysis
5. New Jersey NEMT Market – Key Market Dynamics
5.1 New Jersey NEMT Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Need for NEMT
5.2.2 Surging Incidence of Chronic Conditions
5.3 Market Restraints
5.3.1 Fraudulent Activities by Service Providers and Lack of Efficient Oversight Systems
5.4 Market Opportunities
5.4.1 Technological Advancements
5.5 Future Trends
5.5.1 Collaboration with Transportation Network Companies
5.6 Impact of Drivers and Restraints:
6. New Jersey NEMT Market Analysis
6.1 New Jersey NEMT Market (Overall) Revenue (US$ Million), 2024–2031
6.2 New Jersey NEMT Market Revenue (US$ Million), 2024–2031
6.3 Car Sharing Platform and Information On Brokers
6.4 General overview of the market that uses cars to deliver non-human goods
7. New Jersey NEMT Market Analysis – by Offerings
7.1 Services
7.1.1 Overview
7.1.2 Services: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Solutions/Platform
7.2.1 Overview
7.2.2 Solutions/Platform: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
8. New Jersey NEMT Market Analysis – by Payment Types
8.1 Private Pay Patient Transportation
8.1.1 Overview
8.1.2 Private Pay Patient Transportation: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Insurance Backed Patient Transportation
8.2.1 Overview
8.2.2 Insurance Backed Patient Transportation: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
9. New Jersey NEMT Market Analysis – by Facility
9.1 Intra-Facility
9.1.1 Overview
9.1.2 Intra-Facility: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Inter-Facility
9.2.1 Overview
9.2.2 Inter-Facility: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
10. New Jersey NEMT Market Analysis – by Application
10.1 Dialysis
10.1.1 Overview
10.1.2 Dialysis: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Routine Doctor Visits
10.2.1 Overview
10.2.2 Routine Doctor Visits: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Chronic Care Management and Preventive care and specialist visits
10.3.1 Overview
10.3.2 Chronic Care Management and Preventive care and specialist visits: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Mental Health Related Appointments
10.4.1 Overview
10.4.2 Mental Health Related Appointments: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Rehabilitation
10.5.1 Overview
10.5.2 Rehabilitation: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
10.6 Special Needs Application
10.6.1 Overview
10.6.2 Special Needs Application: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
10.6.3 New Jersey NEMT Market, by Special Needs Application – Revenue and Forecast to 2031 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
11. New Jersey NEMT Market Analysis – by End User
11.1 Healthcare Institutions
11.1.1 Overview
11.1.2 Healthcare Institutions: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
11.2 Schools
11.2.1 Overview
11.2.2 Schools: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
11.3 Homecare Settings (Private)
11.3.1 Overview
11.3.2 Homecare Settings (Private): New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
11.4 Non-Profits and District Communities
11.4.1 Overview
11.4.2 Non-Profits and District Communities: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
11.5 MCO and State Agencies
11.5.1 Overview
11.5.2 MCO and State Agencies: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
11.6 Healthcare Payers
11.6.1 Overview
11.6.2 Healthcare Payers: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
11.7 Others
11.7.1 Overview
11.7.2 Others: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
12. New Jersey NEMT Market – County Analysis
12.1 New Jersey
12.1.1 New Jersey NEMT Market Breakdown by Counties
12.1.2 New Jersey NEMT Market Revenue and Forecast and Analysis – by County
12.1.2.1 Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
12.1.2.1.1 Middlesex County: New Jersey NEMT Market Breakdown by Offerings
12.1.2.1.2 Middlesex County: New Jersey NEMT Market Breakdown by Services
12.1.2.1.3 Middlesex County: New Jersey NEMT Market Breakdown by Payment Types
12.1.2.1.4 Middlesex County: New Jersey NEMT Market Breakdown by Facility
12.1.2.1.5 Middlesex County: New Jersey NEMT Market Breakdown by Application
12.1.2.1.6 Middlesex County: New Jersey NEMT Market Breakdown by Special Needs Application
12.1.2.1.7 Middlesex County: New Jersey NEMT Market Breakdown by End User
12.1.2.1.8 Middlesex County: New Jersey NEMT Market Breakdown by Healthcare Institutions
12.1.2.2 Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
12.1.2.2.1 Monmouth County: New Jersey NEMT Market Breakdown by Offerings
12.1.2.2.2 Monmouth County: New Jersey NEMT Market Breakdown by Services
12.1.2.2.3 Monmouth County: New Jersey NEMT Market Breakdown by Payment Types
12.1.2.2.4 Monmouth County: New Jersey NEMT Market Breakdown by Facility
12.1.2.2.5 Monmouth County: New Jersey NEMT Market Breakdown by Application
12.1.2.2.6 Monmouth County: New Jersey NEMT Market Breakdown by Special Needs Application
12.1.2.2.7 Monmouth County: New Jersey NEMT Market Breakdown by End User
12.1.2.2.8 Monmouth County: New Jersey NEMT Market Breakdown by Healthcare Institutions
12.1.2.3 Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
12.1.2.3.1 Mercer County: New Jersey NEMT Market Breakdown by Offerings
12.1.2.3.2 Mercer County: New Jersey NEMT Market Breakdown by Services
12.1.2.3.3 Mercer County: New Jersey NEMT Market Breakdown by Payment Types
12.1.2.3.4 Mercer County: New Jersey NEMT Market Breakdown by Facility
12.1.2.3.5 Mercer County: New Jersey NEMT Market Breakdown by Application
12.1.2.3.6 Mercer County: New Jersey NEMT Market Breakdown by Special Needs Application
12.1.2.3.7 Mercer County: New Jersey NEMT Market Breakdown by End User
12.1.2.3.8 Mercer County: New Jersey NEMT Market Breakdown by Healthcare Institutions
12.1.2.4 Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
12.1.2.4.1 Somerset County: New Jersey NEMT Market Breakdown by Offerings
12.1.2.4.2 Somerset County: New Jersey NEMT Market Breakdown by Services
12.1.2.4.3 Somerset County: New Jersey NEMT Market Breakdown by Payment Types
12.1.2.4.4 Somerset County: New Jersey NEMT Market Breakdown by Facility
12.1.2.4.5 Somerset County: New Jersey NEMT Market Breakdown by Application
12.1.2.4.6 Somerset County: New Jersey NEMT Market Breakdown by Special Needs Application
12.1.2.4.7 Somerset County: New Jersey NEMT Market Breakdown by End User
12.1.2.4.8 Somerset County: New Jersey NEMT Market Breakdown by Healthcare Institutions
13. New Jersey NEMT Market – Impact of COVID-19 Pandemic
13.1 COVID-19 Impact
14. Company Profiles
14.1 Uber Technologies Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Abba Medical Transportation, LLC
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 NJ STAR LIMO
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Able Medical Transportation, Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Bell Medical Transport
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Upscale Medical Transportation NJ
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Marvel Medical Transport LLC
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Life Ride
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 SJSL Specialty Transport
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 INSPIRING NJ
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 ASK Transportation Services LLC
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 Boomerang Transportation
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
15. Appendix
15.1 About Us
15.2 Glossary of Terms
List of Tables
Table 1. New Jersey NEMT Market Segmentation
Table 2. New Jersey NEMT Market, by Services – Revenue and Forecast to 2031 (US$ Million)
Table 3. New Jersey NEMT Market, by Healthcare Institutions – Revenue and Forecast to 2031 (US$ Million)
Table 4. Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Offerings
Table 5. Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Services
Table 6. Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Payment Types
Table 7. Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Facility
Table 8. Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 9. Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Special Needs Application
Table 10. Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 11. Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Healthcare Institutions
Table 12. Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Offerings
Table 13. Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Services
Table 14. Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Payment Types
Table 15. Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Facility
Table 16. Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 17. Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Special Needs Application
Table 18. Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 19. Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Healthcare Institutions
Table 20. Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Offerings
Table 21. Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Services
Table 22. Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Payment Types
Table 23. Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Facility
Table 24. Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 25. Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Special Needs Application
Table 26. Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 27. Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Healthcare Institutions
Table 28. Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Offerings
Table 29. Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Services
Table 30. Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Payment Types
Table 31. Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Facility
Table 32. Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 33. Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Special Needs Application
Table 34. Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 35. Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million) – by Healthcare Institutions
Table 36. Glossary of Terms, NEW Jersey NEMT Market
List of Figures
Figure 1. PEST Analysis
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. New Jersey NEMT Market Revenue (US$ Million), 2024–2031
Figure 4. New Jersey NEMT Market Revenue (US$ Million), 2024–2031
Figure 5. New Jersey NEMT Market Share (%) – by Offerings, 2023 and 2031
Figure 6. Services: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 7. Solutions/Platform: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 8. New Jersey NEMT Market Share (%) – by Payment Types, 2023 and 2031
Figure 9. Private Pay Patient Transportation: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 10. Insurance Backed Patient Transportation: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 11. New Jersey NEMT Market Share (%) – by Facility, 2023 and 2031
Figure 12. Intra-Facility: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 13. Inter-Facility: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 14. New Jersey NEMT Market Share (%) – by Application, 2023 and 2031
Figure 15. Dialysis: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 16. Routine Doctor Visits: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 17. Chronic Care Management and Preventive care and specialist visits: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 18. Mental Health Related Appointments: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 19. Rehabilitation: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 20. Special Needs Application: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 21. Others: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 22. New Jersey NEMT Market Share (%) – by End User, 2023 and 2031
Figure 23. Healthcare Institutions: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 24. Schools: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 25. Homecare Settings (Private): New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 26. Non-Profits and District Communities: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 27. MCO and State Agencies: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 28. Healthcare Payers: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 29. Others: New Jersey NEMT Market– Revenue and Forecast to 2031 (US$ Million)
Figure 30. New Jersey NEMT Market Breakdown by Key Counties, 2023 and 2031 (%)
Figure 31. Middlesex County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
Figure 32. Monmouth County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
Figure 33. Mercer County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
Figure 34. Somerset County: New Jersey NEMT Market – Revenue and Forecast to 2031 (US$ Million)
The List of Companies - New Jersey NEMT Market
- Uber Technologies Inc
- Abba Medical Transportation, LLC
- NJ STAR LIMO
- Able Medical Transportation, Inc.
- Bell Medical Transport
- Upscale Medical Transportation NJ
- Marvel Medical Transport LLC
- Life Ride
- SJSL Specialty Transport
- INSPIRING NJ
- ASK Transportation Services LLC
- Boomerang Transportation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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