Industry Analysis & Industry Trends
The rising importance of ambulance services in the healthcare system has fostered revenue growth for the Ambulance Services industry over the past five years. Demand accelerated during the recession, as an increasing number of individuals lost private insurance coverage and waited until health issues escalated into emergency situations. Over the next five years, the growing number of individuals aged 65 and older will sustain industry growth, since the elderly face more medical issues than younger groups... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Ambulance Services industry is in the growth phase of its life cycle. During the 10 years to 2020, industry value added (IVA), or the industry's contribution to the overall US economy, is forecast to grow at an annualized rate of 2.5%, with GDP rising at the same pace. The burgeoning elderly population has bolstered demand for ambulance services, due to this demographics' heavy use of emergency healthcare services compared with other age groups.
While federal funding for Medicare and Medicaid is expected to grow, the industry will likely contend with federal reimbursement rates being lower than the actual cost of providing services. Additionally, technology is increasing at a rapid pace at hospitals, which is contributing to demand for faster transportation times to hospitals... purchase to read more