The economy is currently performing at historical levels. So that must mean all industries are doing well, right? How is the medical transportation industry performing, especially with potential funding cuts in several states? Fortunately, the medical transportation industry forecast tells us everything we need to know about the future of the industry.
To begin with, let’s examine how the industry performed in 2017. According to Zion Market Research, the U.S. healthcare transportation service market was a $2.318 million industry two years ago. That’s critical because medical transportation plays such an important role in healthcare. For example, it reduces $40 million in Medicaid costs for every 30,000 people. This saves taxpayers money.
Thankfully, the medical transportation industry forecast predicts positive growth. It expects the industry to become $3.979 million industry in the U.S. by 2026. And it’ll be a $31.51 billion global industry! That’s terrific news. It reinforces how valuable medical transportation services are.
What Does This Means For You?
Obviously, with an expanding industry that has a healthy amount of money, one thing is bound to happen. Ultimately, there will be more businesses vying to enter the industry. So what does this mean for you?
Actually, a lot. Because when there’s more competition, one group greatly benefits: consumers. Competition means more options. And that means better service, competitive prices, and other perks that attract customers.
Regardless of what happens with the rest of the industry, one thing will remain the same: Abba Medical Transportation. We’ve always been a customer-first business. At Abba Medical Transportation, we take pride in providing world-class customer service to the Central New Jersey area. If you don’t believe us, you can see for yourself. And we have an operator available 24 hours per day, 7 days per week to assist you with all your needs.
The medical transportation industry is doing quite well, and doesn’t show signs of slowing down. And Abba Medical Transportation will continue to be a part of it, offering the same great service we always have.