Ambulatory Health Care Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 9/18/2017
SIC Codes: 8011, 8021, 8031, 8041, 8042, 8043, 8049, 8071, 8082, 8092, 8093, 8099
NAICS Codes: 621
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Ambulatory Health Care Services Industry Profile

Companies in this industry, which include physicians, dentists, outpatient care centers, and imaging and diagnostic facilities, provide health care services to ambulatory patients. Major companies include Apria Healthcare, DaVita, and LabCorp (all based in the US), as well as Bayshore HealthCare (Canada), Fresenius (Germany), and Sonic Healthcare (Australia).

Global spending on health care, including ambulatory care, totals about $7.2 trillion, or about 10% of the world gross domestic product (GDP), according to the World Health Organization (WHO). Spending on ambulatory care services in industrialized countries vary by nation. The US spends about 5% of its GDP on ambulatory care; most European countries spend about 3%. Other industrialized countries typically spend between 1% and 2% of GDP on ambulatory care, according to the Organisation for Economic Co-operation and Development (OECD).

The ambulatory health care services industry in the US comprises about 590,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $970 billion.

COMPETITIVE LANDSCAPE

Demand for health care services is driven by demographics and advances in medical care and technology. The profitability of individual companies depends on efficiency, reputation, and expertise. Large companies have advantages in buying supplies and in negotiating contracts with health insurers. Small companies can compete successfully by serving a limited geographical area, offering specialized services, or building a local reputation for quality care. The US ambulatory health care industry is highly fragmented: the top ...

 
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