Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - Ambulance Services

Market Size & Industry Statistics

The total U.S. industry market size for Ambulance Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The ambulance services industry is rapidly evolving, and several trends are shaping the current landscape. One such trend is the increasing demand for ambulance services due to an ageing population, rising chronic health conditions, and an increase in accidents and emergencies.

Another key trend is the growth of technology in the industry. The use of telemedicine, electronic health records, and GPS tracking systems has revolutionized the ambulance services sector. These technological advancements have improved the speed of service delivery, reduced response times, and enhanced the quality of care for patients.

Moreover, there is a focus on the provision of community-based health services and preventive care. This includes providing home healthcare services, enrolment in regular health check-ups, and promoting wellness initiatives. This trend supports the idea of shifting healthcare closer to the patient, rather than removing them from the community.

There is also an increasing emphasis on training and education of ambulance service personnel. With the industry becoming more technology-driven, first responders must adapt to new protocol and equipment, and continually upgrade their skillset with continuing medical education.

Lastly, ambulance services are increasingly looking for ways to improve cost-effectiveness while maintaining quality patient care. This trend ties into the others since it is based around keeping ambulance services cost-effective to maintain community health while still being able to support aging populations.

Overall, these trends are leading to a more sophisticated and advanced ambulance services industry, with a focus on optimizing patient care, technology integration, and improving efficiency.

Product & Services Breakdown

Research products and services in the Ambulance Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Other Ambulance Services

Emergency - Surface Ambulance

Emergency - Air Ambulance

Emergency - Air Ambulance - Fixed Wing

Emergency - Air Ambulance - Rotary Wing

Non-Emergency - Surface Ambulance

Non-Emergency - Air Ambulance

All Other Receipts

All Other Operating Receipts

Contributions, Gifts, And Grants - Government

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Ambulance Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Ambulance Services industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Ambulance Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers2%
Healthcare Practitioners and Technical Occupations 74%
Health Technologists and Technicians 72%
Emergency Medical Technicians and Paramedics 71%
Emergency Medical Technicians 48%
Paramedics 23%
Office and Administrative Support Occupations 8%
Transportation and Material Moving Occupations 8%
Motor Vehicle Operators 5%
Source: Bureau of Labor Statistics

Ambulance Services Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Ambulance Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Ambulance Services industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Ambulance Services industry.

Innovation News

Recent Federal Contracts for Ambulance Services

  • Apr 02, 2024: MEDSTAR AMBULANCE, INC. (Leominster, MA) awarded $81,500
  • Apr 01, 2024: METROPOLITAN AREA EMS AUTHORITY (Fort Worth, TX) awarded $28,088
  • Apr 01, 2024: ACADIAN AMBULANCE SERVICE, INC. (Lafayette, LA) awarded $644,256
  • Apr 01, 2024: ALLIANCE HEALTHCARE SYSTEMS LLC (Alpharetta, GA) awarded $14,700
  • Mar 31, 2024: AMBULANCE MANAGEMENT SERVICES LTD. (Terre Haute, IN) awarded $570,000
  • Mar 29, 2024: PREMIER MEDICAL TRANSPORTATION, INC. (Redlands, CA) awarded $2,281,130

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