Industry Analysis & Industry Trends
The Ambulance Services industry provides critical emergency services to Australia's population. The industry's various government-funded operators ensure that patients requiring emergency or urgent ambulance attention can receive it quickly. The full costs of ambulance services tend not to be covered by ambulance member subscriptions and private health insurance benefits. State government grants make up the cost shortfall, with those grants becoming additional revenue. Increased ambulance costs therefore translate into greater industry revenue.
Demand for ambulance services has increased over the past five years, on the back of population growth and Australia's ageing population. The average cost of ambulance responses has risen, but is subsidised by government grants... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Ambulance Services industry is in a growth phase of its economic life cycle. Demand for ambulance services is increasing due to a range of factors, including population growth, population ageing and the rising burden of chronic disease. The industry provides an essential public service and is heavily funded by state governments, making it relatively immune to potential negative economic influences.
Industry value added (IVA) measures an industry's contribution to the overall economy. IVA is forecast to grow at a compound annual rate of 4.7% over the 10 years through 2020-21, exceeding real GDP growth at a forecast compound annual rate of 2.6% over the same period... purchase to read more