Transportation Industry

NuRideMT services includes the Non-Emergency Medical Transportation. The industry has experienced exponential growth due to legislation and growing demand.

Geographic Scope

NuRideMT currently operates in the Greater New York City Area, which includes counties in New York, Connecticut, and New Jersey. While only a small percentage of the land area, these counties account for over 60% of the population of these 3 states.

  • New York

    New York, Bronx, Richmond, Kings, Queens, Westchester, Rockland, Putnam, Dutchess, Orange, Ulster, Nassau, & Suffolk

  • Connecticut

    Litchfield, New Haven, & Fairfield

  • New Jersey

    Bergen, Essex, Hudson, Morris, Passaic, Sussex, & Union

 

Market Analysis

NuRideMT primarily serves two groups; people with disabilities, and the elderly. Together, they comprise a large and still-growing share of the population that continues to be underserved. But just how big is this market?

According to a national transportation research group study , State transportation departments are becoming increasingly active in addressing the need to maintain the mobility of Americans through an emphasis on partnering with other transportation organizations on a broader approach.

 

Disability is defined by having a physical or mental impairment, a record of impairment, or being otherwise regarded as impaired.

According to the 2010 United States Census:

  • 56.7 million people were disabled
  • 30.6 million mobility impaired
  • 19.9 million lifting/grasping impaired
  • 8.1 million visually impaired
  • 7.6 million aurally/hearing impaired
  • 28 million reported “severely disabled”
  • Up by 2.2 million from 2005
  • By 2025, one in every five drivers will 65 or older
  • Within 15 years, the 65 and older demographics will grow by 60%

 

Elderly is defined as being over the age of 65. Currently comprised of 46 million people, this is expected to double within the next few decades.

Total Adults Aged 65+ (in millions):
The NEMT Industry in the US, Has A Compound Annual Growth Rate (CAGR) of 5.7% Over the Next 5 Years:
NY-NEMT Accounts for 6.8% of the National Total of Over $2 Billion In Revenue:

 

All data used in this report is the most current available. Sources of information for this report includes:

• The Federal Highway Administration • The U.S. Department of Health and Human Services • U.S. Census Bureau • The Brookings Institution • Monash University • AARP Public Policy Institute

Licensing

Operators must acquire specfic licenses from the NYC Taxi & Limousine Commission, the NYS Department of Transportation and the NYS Department of Health. Operators must meet various vehicle, driver, insurance, training, and records requirements imposed by these licensing agencies.