Ambulance Services in the US
The Ambulance Services industry exhibited growth over the past five years due to the burgeoning elderly population's increased need for industry services. However, state budgetary issues, particularly in rural areas that may lack the tax income to provide cohesive ambulance services, have caused industry operators to move toward the private, for-profit business model. To mitigate fraud related to ambulances billing Medicare and Medicaid for emergency rather than nonemergency services, some states have made new ambulance companies ineligible for federal funding. As a result, industry operators will likely grapple with intensifying internal competition as they consolidate or merge with other companies to control costs as demand increases for faster response times. Over the five years to 2023, industry revenue is forecast to grow as the growing elderly population boosts the potential number of emergency department visits.
The industry includes private operators that provide transportation of patients by ground or air, along with medical care. These services are often provided during a medical emergency but are not restricted to such instances. Industry vehicles are equipped with lifesaving equipment operated by medically trained personnel.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.