Overview

Safe flight: Revenue will remain healthy, but new regulations may pose a threat

IBISWorld’s Air Ambulance Services Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Air Ambulance Services industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The aging US population will continue to bolster industry demand
  • The industry continues to benefit from growth in the number of individuals aged 65 and older
  • Revenue expansion and an increase in demand will help raise employment

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    Industry Analysis & Industry Trends

    The Air Ambulance Services industry experienced significant growth through much of the 2000s, spurred by a favorable economy and a stable private and governmental health insurance environment; the Great Recession then caused a drop in demand, as the number of individuals with private health insurance, a key revenue source, declined. Since then, economic conditions have improved and the number of the insured individuals has grown, causing the market for air ambulance services to expand. Nevertheless, as the regulatory landscape of health insurance has evolved, operators have faced new opportunities and obstacles...

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    Industry Report - Industry Locations Chapter

    Industry activity is concentrated in regions with high population levels and, subsequently, a large number of hospitals. Additionally, because air ambulance services often respond to serious motor vehicle accidents, industry activity is concentrated in areas with major interstate highways and high-volume roads. California and Texas house 7.6% and 8.3% of industry establishments and claim the largest share by state. Following in a close third is Arizona, which is expected to house 6.1% of industry establishments. According to the Association of Air Medical Services (AAMS) and CUBRC's Center for Transportation Injury Research (CenTIR), between 2012 and 2013 Texas added an additional air medical rotor wing base, while California shut down two bases. Flo..

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationOther
  • 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
    Major Companies
    Air MethodsAir Medical Group HoldingsPHI Inc.
  • Table: Air Methods - financial performance
  • Table: Air Medical Group Holdings - financial performance
  • Table: PHI Inc. - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Air Ambulance Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Federal Funding for Medicare and Medicaid (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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
  • Why buy this report?

    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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