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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 | May 2014

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

IBISWorld’s Ambulance Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 09-14
3.8%
Annual Growth 14-19
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Profit
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Employment
169,917
Businesses
3,257
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 2.7% 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

 


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
Emergency air transportationEmergency ground transportationNon-emergency ground transportationNon-emergency air transportationOther services
 
Industry Activities
Ambulance services (air or ground)Emergency medical transportation services (air or ground)Air rescue servicesMedical rescue services


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