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

The rising importance of ambulance services in the healthcare system has fostered revenue growth for the Ambulance Services industry over the past five years. Healthcare reform has allowed more insured individuals to use industry services, thereby boosting revenue. Over the next five years, the growing number of individuals aged 65 and older will sustain industry growth, since the elderly experience more medical issues than younger groups. Furthermore, consolidation within the industry will improve operating efficiencies and more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
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Industry Threats & Opportunities

  • State budgetary issues have caused industry operators to move toward the private, for-profit business model
  • Many municipalities have increasingly outsourced their services to private providers to cut costs
  • Healthcare reform will bolster the number of insured individuals, lowering the potential for bad debt
  • Industry Report - Industry Key Buyers Chapter

    The Ambulance Service industry is highly fragmented and exhibits a low level of market share concentration. The top four ambulance providers account for less than 24.0% of total revenue. Regionally, there are a limited number of ambulance providers, and nationally, there are only two ambulance providers. According to the US Census Bureau, the number of establishments with more than 20 and fewer than 100 employees account for the greatest portion of industry revenue. The industry consolidated since the 1970s, which allowed a few large operators, such as Envision Healthcare, to grow via mergers and acquisitions...purchase to read more.

    Additional Insights for the Ambulance Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ambulance Services Industry are

  • Recommendation/accreditation from authoritative source
  • Provision of development programs for personnel
  • Maintenance of equipment
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Federal funding for Medicare and Medicaid in the Ambulance Services industry impact industry performance..

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    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
  • Standby ambulance and/or first-aid services
  • Emergency surface ambulance
  • Emergency air ambulance (fixed wing)
  • Emergency air ambulance (rotary wing)
  • Nonemergency surface ambulance
  • Nonemergency air ambulance
  • Industry Activities
  • Ambulance services (air or ground)
  • Emergency medical transportation services (air or ground)
  • Air rescue services
  • Medical rescue services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Number of people with private health insurance
  • Healthy eating index

  • Current Performance
  • Outsourcing to private providers
  • Medicare reimbursements
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued outsourcing
  • Consolidation and healthcare reform
  • Table: Ambulance Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ambulance Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hospitals
  • Specialty Hospitals
  • Nursing Care Facilities
  • Justice, Public Order and Safety Activities

  • Key Selling Industries
  • Aircraft, Engine & Parts Manufacturing
  • Machinery Maintenance & Heavy Equipment Repair Services

  • Products & Services
  • Emergency surface ambulance
  • Nonemergency surface ambulance
  • Emergency air ambulance (rotary wing)
  • Other
  • Emergency air ambulance (fixed wing)
  • Nonemergency air ambulance
  • Standby ambulance and/or first-aid services
  • Chart: Ambulance Services Industry Products and Services Segmentation

  • Demand Determinants
  • Demographics, health and well-being
  • Affordability
  • Substitute services

  • Major Markets
  • Sprains or strains of neck and back
  • Contusion with intact skin surface
  • Open wounds
  • Fractures
  • Sprains or strains excluding neck and back
  • Spinal disorders
  • Other
  • Chart: Major Market Segmentation for the Ambulance Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesVehicle operating costs and others
  • Chart: Cost Structure Benchmarking – Sector vs Ambulance Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ambulance Services Industry

  • Industry Globalization
    Envision HealthcareAir Methods
  • Table: Envision Healthcare - financial performance
  • Table: Air Methods - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ambulance Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ambulance Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Federal funding for Medicare and Medicaid (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Ambulance Diversion
  • When a hospital emergency department cannot care for additional emergency patients, it redirects ambulances from their department to another hospital or medical facility.
  • Automatic Vehicle Location (Avl)
  • Tracks the location and availability of every ambulance across wide areas and can recommend the closest ambulance crew.
  • Computer Aided Dispatch (Cad)
  • Automatically records telephone numbers and address details of callers.
  • National Academies Of Emergency Dispatch
  • A non-profit standard-setting organization promoting safe and effective emergency dispatch services.
  • Public-Private Partnerships
  • A cooperative partnership between local fire agencies and regional ambulance companies.
  • Why buy this report?

    IBISWorld’s Ambulance Services Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ambulance Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ambulance Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ambulance Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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