Report : South & Central America Non-Emergency Medical Transportation Market Forecast to 2028 - Regional Analysis - by Service Type (Private Pay Patient Transportation, Insurance Backed Patient Transportation, Courier Services, and Other Services) and Application (Dialysis, Routine Doctor Visits, Mental Health Related Appointments, Rehabilitation, and Others)
At 6.8% CAGR, the South & Central America Non-Emergency Medical Transportation Market is projected to be worth US$ 329.42 million by 2028 says Business Market Insights
According to Business Market Insights research, the South & Central America non-emergency medical transportation market was valued at US$ 221.54 million in 2022 and is expected to reach US$ 329.42 million by 2028 registering a CAGR of 6.8% from 2022 to 2028. Growing need for non-emergency medical transportation, rising incidence of chronic conditions, and increasing geriatric population are the critical factors attributed to the South & Central America non-emergency medical transportation market expansion.
The use of an ambulance in non-emergency transportation for medical appointments is expected to come up as the next revolution in the future as on-demand transportation providers are entering the NEMT market. Various types of ambulances are available for medical transportation in emergency and non-emergency situations. In addition to their deployment for executing the transportation of the people from a healthcare facility to home, or vice versa, non-emergency ambulances can be availed for long-distance travel if there are no other means of transportation on road. Moreover, these vehicles can ensure additional convenience and comfort to commuters, which may include differently abled people and senior citizens who are not able to travel in a regular vehicle. The choice of customizing vehicles is based on the needs of the patients to enhance the overall traveling experience, which will further be supported by technological advancements in medical transportation facilities.
On the contrary, significant geographical barriers hampers the South & Central America non-emergency medical transportation market.
Based on type, the South & Central America non-emergency medical transportation market is divided into private pay patient transportation, insurance backed patient transportation, courier services, and other services. The private pay patient transportation segment held 50.4% share of South & Central America non-emergency medical transportation market in 2022, amassing US$ 111.61 million. It is projected to garner US$ 169.48 million by 2028 to expand at 7.2% CAGR during 2022–2028.
Based on application, the South & Central America non-emergency medical transportation market is segmented into dialysis, routine doctor visits, mental health related appointments, rehabilitation, and others. The mental health related appointments segment held 39.4% share of South & Central America non-emergency medical transportation market in 2022, amassing US$ 87.36 million. It is projected to garner US$ 131.94 million by 2028 to expand at 7.1% CAGR during 2022–2028.
Based on country, the South & Central America non-emergency medical transportation market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 74.4% share of South & Central America non-emergency medical transportation market in 2022. It was assessed at US$ 164.88 million in 2022 and is likely to hit US$ 246.94 million by 2028 exhibiting a CAGR of 7.0% during 2022–2028.
Key players operating the South & Central America non-emergency medical transportation market are Air Ambulance, On Call International, Horizon Air Ambulance, and AirCARE1 , among others.
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