First Research US Industry Profile

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Ambulatory Health Care Services
SIC Codes: 8011, 8021, 8031, 8041, 8042, 8043, 8049, 8071, 8082, 8092, 8093, 8099
NAICS Codes: 621
Last Quarterly Update: 8/5/2019
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 $7.5 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; Canada, Japan, Australia, and major European countries spend about 3% to 4%; and other industrialized countries typically spend between 1% and 2%, according to the Organisation for Economic Co-operation and Development (OECD).
The ambulatory health care services industry in the US comprises about 610,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of more than $1 trillion.
Competitive Landscape
Pressure on the health care industry to drive down costs is pushing more care into lower-cost ambulatory settings and away from hospitals and nursing homes. Payments are increasingly based on whether providers meet quality standards. 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 only about 15% of revenue.
Products, Operations & Technology
Major services include care provided by physicians, which accounts for about 50% of industry revenue; dentists and outpatient care centers account for ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

04/01/2019
12/24/2018
09/24/2018
06/25/2018
03/26/2018
12/18/2017
09/18/2017
06/19/2017
03/20/2017
12/19/2016
09/19/2016
06/20/2016
03/21/2016
12/14/2015
09/14/2015
06/15/2015
03/16/2015
12/15/2014
09/22/2014
06/30/2014
04/07/2014
01/13/2014
10/07/2013
07/15/2013
04/22/2013
01/28/2013