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Ambulance Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Ambulance Services Market Research Report | NAICS 62191 | Apr 2015

In service: The aging population and healthcare reform will drive demand for ambulances

IBISWorld’s Ambulance Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 10-15
1.2%
Annual Growth 15-20
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Profit
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Employment
219,641
Businesses
46,017
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Ambulance Services Industry?

The industry includes private and municipal operators that provide transportation of patients by ground or air, along with medical care. These services are often provided during a medical emergency, but they are not restricted to such instances. The vehicles are equipped with lifesaving equipment operated by medically trained personnel.

Industry Products
BLS nonemergency careBLS emergency areALS nonemergency careALS emergency care
 
Industry Activities
Ambulance services (air or ground)Emergency medical transportation services (air or ground)Air rescue servicesMedical rescue services


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