Airborne: Steady demand from an aging population will sustain industry revenue growth

The Air Ambulance Services industry comprises air medical transports, including helicopters and fixed winged aircrafts specifically outfitted to transport ill or injured people. Transports in this industry are staffed with qualified medical personnel who provide comprehensive and emergency treatment. The industry experienced significant growth during most of the past decade, spurred by an overall healthy economy and a stable health insurance environment. However, the shifting regulatory environment has created a degree of uncertainty. For example, the Patient Protection and Affordable Care Act (PPACA) has expanded the total number of insured Americans. However, the extent of Medicare reimbursements remains unclear, and a number of states are seeking more accountability for the industry...purchase to read more.

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

Industry Threats & Opportunities

  • The aging US population will continue to bolster industry demand
  • The industry continues to benefit from growth in the number of elderly individuals
  • Revenue expansion and an increase in demand will help raise employment
  • Industry Report - Industry Key Buyers Chapter

    The Air Ambulance Services industry exhibits moderate market share concentration. In 2017, the industry's top three operators are expected to account for 53.5% of total revenue. Market share concentration has increased significantly since 2012, when these industry operators claimed only 40.7% of industry revenue. Dominant companies are able to secure their regional presence though multiyear contracts with hospital systems. Additionally, established operators have greater access to debt markets for aircraft upgrades and attract experienced aviation and medical staff. Longer flight and performance records gives these enterprises the credibility necessary to secure additional hospital and institutional contracts, thereby expanding their market presence. Mar...purchase to read more.

    Additional Insights for the Air Ambulance Services Industry

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

  • Access to highly skilled workforce
  • Fast adjustments made to changing regulations
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance and Federal funding for Medicare and Medicaid in the Air Ambulance Services industry impact industry performance..

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    What's in this report

    What is the Air Ambulance Services Industry?

    This industry provides air transportation and critical care services to patients. These services are often provided during a medical emergency, but they are not restricted to emergencies. The vehicles are equipped with lifesaving equipment operated by medically trained personnel.

    Industry Products
  • Rotary-wing air services only
  • Fixed-wing air services only
  • Mixed rotary-wing and fixed-wing services
  • Industry Activities
  • Providing fixed winged medical transport for emergency medical treatments
  • Providing fixed winged medical transport for nonemergency medical treatments
  • Providing helicopter transport for emergency medical treatments
  • Providing helicopter transport for nonemergency medical treatments
  • Table of Contents

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

  • Current Performance
  • History of growth
  • Economic growth and shifting demographics bolster industry
  • Changes in legislation may subdue growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Proposed safety changes may prove costly
  • Table: Air Ambulance Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Hospitals
  • Consumers

  • Key Selling Industries
  • Aircraft, Engine & Parts Manufacturing
  • Gasoline & Petroleum Wholesaling
  • Machinery Maintenance & Heavy Equipment Repair Services
  • Medical Supplies Wholesaling

  • Products & Services
  • Rotary-wing air services only
  • Mixed rotary-wing and fixed-wing services
  • Fixed-wing air services only
  • Chart: Air Ambulance Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Private insurance
  • Medicare
  • Medicaid
  • Single payments
  • Chart: Major Market Segmentation for the Air Ambulance Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Air Ambulance Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Air Ambulance Services Industry

  • Industry Globalization
    Air Methods, Air Medical Group Holdings, PHI Inc.,
  • Table: Air Methods - financial performance
  • Table: Air Medical Group Holdings - financial performance
  • Table: PHI Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Air 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 Air 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
    Fixed-Wing Aircraft
  • Fixed-wing (FW) ambulances are typically larger than rotary-wing aircrafts, relying on propellers for shorter trips and jet engines for long distance services.
  • Reimbursement Rate
  • The maximum amount of money which will be paid by way of a settlement for medical expenses
  • Rotary Winged Aircraft
  • Rotary-wing (RW) ambulances refer to the rotating blades of helicopters, typically used for short-distance air ambulatory transport
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Air Ambulance Services is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 Air 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 Air 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 Air 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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