Healthcare Transportation Services Market size is estimated to be valued at USD 82,541.4 Million in 2021 and is poised to grow at a significant CAGR of 4.5% over 2022-2028. Healthcare facilities are in huge demand of reliable, coordinated, and easy transportation of their patients. The healthcare transportation services provide rides across the facilities, patient homes, and anywhere between. Some healthcare transportation service providers also have online and mobile tools that make booking patient rides easy. Based on the end user the market is segmented into medical centers, private paying customers, hospitals, nursing care facilities, airport shuttle, others. The hospital segment anticipated to grow in the forecasting period owing to rising cardiovascular drugs diseases (CVDs) such as cardiac arrest, congestive heart failure, stroke, and coronary artery disease require immediate medical treatment and emergency medical assistance. According to WHO, CVDs are the leading cause of mortality globally, accounting for 31% of all deaths in 2015. Stroke caused 6.7 million deaths, whereas coronary heart disease caused 7.4 million. According to the Centers for Disease Control and Prevention (CDC), around 735,000 heart attacks occur annually in the United States. Heart attacks cause about 200,000 hospital visits every year, or one every three minutes, according to the British Heart Foundation which anticipates to growth of hospital segment in the forecasting market. Increasing geriatric population, rising incidences of chronic diseases, and a rapid increase in awareness regarding transportation services in healthcare are anticipated to propel the growth of market over the forecast years. Moreover, The rising focus on healthcare over the globe is likely to anticipate create healthcare transportation service market opportunities in the coming years.
In March 2020, Ride-hailing titans Uber and Lyft each launched a suite of new services to address social determinants of health (SDOH).