New Jersey NEMT Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast 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

New Jersey NEMT Market

• 
  CAGR (2024 - 2031)

  6.7%
• Market Size 2023
  US$ 443.25 Million
• Market Size 2031
  US$ 740.96 Million

Market Dynamics

GROWTH DRIVERS

• Increasing Need for NEMT

FUTURE TRENDS

• Surging Incidence of Chronic Conditions fuels the growth of market as the availability of NEMT allows individuals having chronic medical conditions to access life-sustaining treatments and healthcare services without any delay

OPPORTUNITIES

• The 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

Key Players

• 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

Regional Overview

• Middlesex County
• Monmouth County
• Mercer County
• Somerset County
• Rest of New Jersey

Market Segmentation

Offering

• Services
• Solutions/Platforms

Payment Types

• Private Pay Patient Transportation
• Insurance-Backed Patient Transportation

Application

• Dialysis
• Routine Doctor Visits
• Chronic Care Management and Preventive Care and Specialist Visits
• Mental Health Related Appointments
• Rehabilitation
• Special Needs

End User

• Healthcare Institutions
• Schools
• Homecare Settings
• Non-Profit and District Communities
• Managed Care Organizations and State Agencies
• Healthcare Payers

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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