| Standard Report | Premium Report | |
|---|---|---|
| Current State of the Industry |  |
|
| Market Size (industry trends) | |
|
| Market Forecast (5-year projection) | |
|
| Products/Services Breakdown | |
|
| Revenue per State | |
|
| Financial Metrics | |
|
| Salary & Compensation Statistics | |
|
| Public Company Information | |
|
| Key Private Companies | |
|
| Government Vendors | |
|
| Instant Download - Available immediately upon purchase | |
|
Download both PDF and Excel
|
|
|
| Download now: |
2023 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.
| Statistics | 2017 2018 2019 2020 2021 2022 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
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 Description | Number 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.
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 Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| 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 | ||
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 Ratios | Industry 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 Ratios | Industry 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 Indicators | Industry 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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 4% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| 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% | |||
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 |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Ambulance Services industry. |
Source:
Government Contracts
In 2022, the federal government spent a total of $1,017,940,852 on Ambulance Services. It has awarded 1115 contracts to 241 companies, with an average value of $4,223,821 per company.| Most Recent Contracts | Date | Total Award Amount |
|---|---|---|
| IMAGETREND, INC. 20855 Kensington Blvd Lakeville, MN | Jun 30, 2023 | $30,000 |
Related Reports
Can't find what you're looking for? We have over a thousand
market research reports.
Ask us and an analyst will help you find what you need.