The non-emergency medical transportation (NEMT) industry is a rapidly growing field, with an increasing demand for its services. The market was estimated to be worth $15 billion by 2020, and this number is only expected to grow in the years to come.
Non-Emergency Medical Transportation Industry Overview
The NEMT industry provides transportation services for those who need to get to and from medical appointments but cannot do so on their own. This can include elderly patients, disabled patients, or anyone else who has difficulty getting around.
There are a variety of different companies that provide NEMT services, and the industry is growing rapidly. The NEMT industry is expected to grow by 6.4% every year between now and 2025.
Examples of NEMT services include:
NEMT Industry Market Share
The NEMT industry is a highly fragmented market, with no one company holding more than a 5% share of the market. The top five companies in the industry are LogistiCare, American Medical Response, Inc., MedStar Health, Aetna, and AMR Corporation.
LogistiCare is the largest of these companies, with a market share of 3.8%. It provides transportation services for over 50 million people every year.
NEMT Industry Market Trends
There are a few key trends that are impacting the NEMT industry.
The first is an aging population. As the Baby Boomer generation gets older, there will be an increased demand for NEMT services. This is because older adults are more likely to have chronic health conditions requiring them to see a doctor regularly.
The second trend is the increasing number of people with disabilities. According to the CDC, 1 in 4 adults in the US has a disability that limits their mobility. This number is only expected to grow as the population ages.
The third trend is the rise of home health care. As more and more people are receiving health care at home, there will be a need for NEMT services to transport them to and from appointments.
NEMT Industry Interesting Facts
- The NEMT industry employs over 200,000 people in the United States.
- There are over 10,000 NEMT companies in the United States.
- The average NEMT company has 20 vehicles.
NEMT Industry Future Outlook
The future of the NEMT industry looks bright. With an aging population and an increasing number of people with disabilities, the demand for NEMT services will only grow. In addition, home health care is also on the rise, which will create additional opportunities for NEMT companies.
If you’re thinking of starting a NEMT company, now is a great time to do so. There is a growing market for these services, and there is plenty of room for new businesses to enter the industry.
The NEMT industry is a rapidly growing field with a bright future. If you’re thinking of starting a NEMT company, now is a great time to do so. There is a growing market for these services, and there is plenty of room for new businesses to enter the industry.