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 ten years to 2019, industry value added (IVA), or the industry's contribution to the overall US economy, is forecast to grow at an annualized rate of 3.2%. As a result, the industry is growing at a faster rate than GDP, which is expected to grow at an annualized rate of 2.5% during the ten-year period. 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... purchase to read more