|Last Quarterly Update:||12/19/2016|
|SIC Codes:||8011, 8021, 8031, 8041, 8042, 8043, 8049, 8071, 8082, 8092, 8093, 8099|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
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, AmSurg, DaVita HealthCare (all based in the US), as well as Fresenius (Germany), LVL Médical Groupe (France), and Sonic Healthcare (Australia).
Global health care expenditures total about $7.2 trillion, or about 10% of the world gross domestic product (GDP), according to the World Health Organization (WHO). Of that, expenditures on ambulatory care services in industrialized countries vary by nation. The US spends about 6% of its GDP on ambulatory care; most European countries spend about 3%. Other countries typically spend between 1 and 2% of their GDP on ambulatory care, according to the Organisation for Economic Co-operation and Development (OECD).
The ambulatory care industry in the US comprises about 590,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $900 billion.
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 50 companies generate ...
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