Industry Analysis & Industry Trends
Australia's population relies on the Ambulance Services industry for a critical emergency service. The industry's various government-funded operators are at a constant state of readiness to ensure patients that require emergency or urgent ambulance attention can quickly receive such attention. The full costs of ambulance services are generally not covered by ambulance member subscriptions and private health insurance benefits. State government grants typically make up the cost shortfall, with those grants becoming additional industry revenue. Consequently, increased ambulance costs translate to increased industry revenue.
Demand for ambulance services has increased over the past five years... purchase to read more
Industry Report - Industry Investment Chapter
The Ambulance Services industry has a low level of capital intensity. IBISWorld estimates that the industry invests $0.08 in capital for every dollar spent on wages. Labour costs are high due to operators requiring trained personnel to deliver care, along with the need to have constant readiness capabilities. In addition, some ambulance services are introducing extended care paramedics for flexible deployment to provide out-of-hospital interventions aimed at reducing ambulance delivery into hospital emergency departments. While wage expenses far outweigh capital investment, the industry does invest in property and vehicles. Ambulance stations tend to require sophisticated equipment, requiring high capital investment... purchase to read more