State of Oregon Ambulance Service Market by Mode of Transportation (Air Ambulance and Ground Ambulance), Service Type (Non-emergency Medical Transport and Emergency Medical Transport), Operating Type (Public Private Partnership, Government, Private, and Others): State Opportunity Analysis and Industry Forecast, 2022-2031

State of Oregon Ambulance Service Market Analysis

The State of Oregon Ambulance Service Market Size was $306.8 million in 2021 and is predicted to grow with a CAGR of 3.7%, by generating a revenue of $429.4 million by 2031.

State of Oregon Ambulance Service Synopsis

The state of Oregon ambulance services market is experiencing significant growth owing to rising frequency of road accidents, introduction of digitized ambulatory services, and increasing investments in development of healthcare infrastructure. Furthermore, introduction of advanced technologies in ambulances, emergence of startups & emerging players backed by strong governmental & healthcare authorities as well as favorable reimbursement policies from these regulatory bodies to avail healthcare benefits is supplementing the growth of the Oregon ambulance services market. The state's ageing population is one of the major factors driving the demand for ambulance services. Ambulance services and other medical transportation services are more necessary as the population ages. This is due to the increased likelihood of older people needing emergency medical attention and the potential need for transportation to medical facilities. The population of Oregon is ageing at a rapid pace. In Oregon, there are about 24.2% of people over the age of 60, and 11.9% of people over 65 live alone. The state's healthcare system is anticipated to be significantly impacted by this demographic change, including the need for ambulance services and other medical transportation services.

The rising expense of healthcare is one of the main factors expected to limit the state of Oregon ambulance services market growth. The market for ambulance services has been significantly impacted by the rising cost of healthcare in Oregon over time. Between 2013 and 2019, healthcare costs in Oregon rose by about 50%. That amounts to around 7% annually on average. In 2019, the rise declined to 4.4%, just above the nationwide average of 3.8%. Patients may be less willing or able to pay for ambulance services if healthcare costs rise, which would reduce demand for these services. Moreover, in Oregon, healthcare costs are rising faster than wages and the economy. Due to these factors, many people are struggling with expensive healthcare costs. All these factor restraints the state of Oregon ambulance service market growth.

The scarcity of qualified medical professionals, such as paramedics and emergency medical technicians, is another barrier to the market for ambulance services in Oregon. Especially in remote locations, this shortfall may make it challenging for ambulance service providers to keep up with the rising demand for medical transportation services. Ambulance service providers in Oregon have many opportunities to develop and broaden their operations. The rising need for non-emergency medical transportation services presents excellent growth opportunities. Transportation services that cater to individuals with problems such as heart stroke and chronic diseases are becoming necessary as the population ages and the prevalence of chronic diseases rises. Ambulance service providers may offer non-emergency medical transportation services as a new source of income, such as taking patients to and from medical appointments or rehabilitation sessions.

State of Oregon Ambulance Service Overview

Ambulance services are those in which the patient's medical state necessitates emergency or non-emergency medical transportation. In the case of emergency medical transportation, the vehicle is equipped with all of the necessary life-support and other equipment to keep the patient's condition under control until they arrive at the hospital. Non-emergency medical transportation generally offers trips to and from planned medical appointments by assisting individuals in avoiding expensive travel.

The use of specialized medical skills and equipment is medically necessary and critical to the patient's safe transportation. Ambulance services in the state of Oregon can be reached by dialing the emergency number 911. These services are performed by certified medical personnel such as physicians and emergency medical technicians (EMTs), who are equipped with the medical apparatus and supplies required to give specialized treatment while transporting patients to a hospital or medical facility. A neighboring hospital or emergency medical services station dispatches the ambulance. Ambulance services are a critical component of emergency medical care and assist in saving lives during medical emergencies.

COVID-19 Impact on State of Oregon Ambulance Service Market

The COVID-19 pandemic has had a significant impact on the healthcare industry, and ambulance services were no exception. Due to the significant increase in COVID-19 cases necessitating hospitalization and emergency care, the pandemic increased the demand for ambulance services. However, to safeguard their staff and patients from the virus, ambulance services had to put in place new rules and procedures, which increased expenses and hampered efficiency. Due to a shortage of hospital beds including ICU and non-ICU, Oregon emergency departments diverted patients to other hospitals, which delayed patient transport and strained ambulance resources. Moreover, ambulance services were severely impacted during this period by the hospital staffing deficit. The staffing deficit had a number of root issues. Nurses and other workers left the healthcare industry because of the stress and fatigue; the industry experienced “great resignation" during the outbreak.

Ambulance services have also been financially impacted by the pandemic, with several providers reporting a decline in revenue because of the cancellation of non-essential medical procedures and a decline in emergency calls for conditions unrelated to COVID-19. Some providers of ambulance services have experienced financial instability because of this. However, Oregon Health Authority (OHA) backed EMS providers through various policies. During this time, the OHA increased reimbursement rates for ambulances that provided “Treat in Place” services for Oregon Health Plan members not enrolled in a coordinated care organization (CCO).

Rising Chronic and Other Diseases Across Oregon’s Population is a Major Factor Responsible for Ambulance Services Market Growth

Ambulance services play a pivotal role in the healthcare industry. This is mainly due to the rising aging population and increased adoption of sedentary lifestyle. Furthermore, the rising number of chronic diseases and multiple ailments are major factors responsible for the growing ambulance services market across the state of Oregon. According to the data released by the World Health Organization, chronic illnesses are considered as the primary reason responsible for human demise as they account for 70% of the global death count. Similarly, medical researchers suggest that approximately 47% of the American population will struggle with multiple chronic health issues by 2026. Furthermore, according to the data released by The United States Census Bureau in 2022, nearly 2.3 million people are living with at least one chronic disease in Oregon.

Owing to the rising number of chronic diseases, the market for ambulance services is expected to grow in the coming years as the technological upgradation in the ambulances equipped with advanced medical instruments will provide immediate aid to the patients. In addition to this, consumption of alcohol and tobacco is another major factor responsible for the increasing number of diseases across the Oregon population. According to The State’s Tobacco Prevention and Education Program (TPEP), Tobacco is linked to over 21% of all Oregon deaths and costs the state around US$2.9 billion every year in direct medical costs and lost productivity.

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Extensive Capital Investments and Operational Restraints to Limit Market Growth

The market for ambulance services is expected to slow down majorly due to the high costs associated with setting up ambulance businesses. The major costs involved include high capital investments for mainly ambulance vehicles, onboarding and deploying skilled and unskilled medical practitioners across rural parts of Oregon, high pay remuneration, costs involved in regulatory licenses & certification, and others. Furthermore, there is high day-to day operational cost involved in ambulance services mainly medical consumables, ambulance repairs & maintenance, fuel costs, and others. Owing to this, it will restrict the entry of new players into the ambulance industry. Complexities in government norms & reimbursement policies based on each different state are majorly hindering market growth. Air ambulance service is highly expensive for low-income and middle-income states in the U.S. which is further responsible for slowing down the market growth. For instance, the average cost of an air ambulance is in between US$6,000 to $40,000.

Introduction of Advanced Technologies in the Ambulance Services Market to Generate Excellent Opportunities

The healthcare sector is constantly evolving owing to the introduction of advanced technologies to provide patients with fast and effective care. The ambulance services have also undergone upgradation in terms of technology, affecting emergency medical services in improving their operations. In the traditional approach, ambulance service operations were independent and different from other medical providers.

The interaction was majorly conducted when the patient was dropped in the hands of emergency service at the hospital. However, due to the complex nature of healthcare, sufferer/patients needed a broader range of treatment options. Ambulance services now work collaboratively with other medical professionals to offer tailored medical care to each patient. Due to the emergence of integrated healthcare systems, the emergency medical services are linked with mobile devices with the central system to deliver fast and effective care. Also, through this linkage between mobile devices to central systems, the transfer of information is done in real time for quick and secure access by the relevant persons.

To know more about state of Oregon ambulance service market opportunities, get in touch with our analysts here.

State of Oregon Ambulance Service Market, by Mode of Transportation

Based on mode of transportation, the market has been divided into air ambulance and ground ambulance. Among these, the ground ambulance sub-segment accounted for the highest market share in 2021.

State of Oregon Ambulance Service Market Size, by Mode of Transportation, 2021

Source: Research Dive Analysis

The ground ambulance sub-segment accounted for the highest state of Oregon ambulance service market share in 2021 and is anticipated to show the fastest growth during the forecast period. Ground ambulance is a vehicle which is properly equipped, maintained, permitted and used to transport a patient to the required destination such as a patient receiving facility or resource hospital. Ground ambulance can supply the medical assistance that is urgently required. The medical personnel who treat the patient initially are the backbone of every ambulance service.

Ambulance vehicles must be equipped and built to respond to medical emergencies. In addition, in non-emergency situations, they can transfer individuals with serious medical issues. Ground ambulance services provide various benefits, including the smoothest route with the highest quality standards at all phases of the patient transfer. Ground ambulance service is thought to be more cost-effective, accessible, and available than air and water ambulance services, which are better suited to life-threatening emergencies. These are predicted to be the major factors affecting the state of Oregon ambulance services market size during the forecast period. Rising cases of cardiovascular disorders in this region are anticipated to drive the segment growth.

State of Oregon Ambulance Service Market, by Service Type

Based on service type, the market has been divided into non-emergency medical transport and emergency medical transport. Among these, the emergency medical transport sub-segment accounted for highest revenue share in 2021.

State of Oregon Ambulance Service Market Share, by Service Type, 2021

 Source: Research Dive Analysis

The emergency medical transport sub-segment accounted for the highest state of Oregon ambulance service market share in 2021 and is anticipated to show the fastest growth by 2031. Emergency medical transportation involves the transportation of sick, injured, or otherwise incapacitated persons who require emergency medical care by ambulance. Emergency medical transport is a vital component of emergency medical services (EMS), which involves the transport of sick or injured people to medical facilities, usually a hospital for further evaluation and treatment. Ambulance services are typically provided by a variety of organizations including private companies, non-profit organizations and government agencies. These organizations typically have specially trained personnel such as emergency medical technicians (EMT) and paramedics, who provide care to patients during transport.

The assistance of a skilled medical professional such as an Emergency Medical Technician (EMT) and immediate transport to a location, usually a hospital, where appropriate emergency medical services are available is required for a client with an emergency medical condition as defined in the emergency medical services rule. These are expected to be the primary variables influencing the size of the state of Oregon ambulance services market during the projected period.

State of Oregon Ambulance Service Market, by Operating Type

Based on operating type, the market has been divided into public private partnership, government, private, and others. Among these, the private sub-segment accounted for the highest revenue share in 2021.

State of Oregon Ambulance Service Market Analysis, by Operating Type, 2021 

Source: Research Dive Analysis

The private sub-segment accounted for the highest state of Oregon ambulance service market size in 2021 and is anticipated to show the fastest growth during the forecast period. There are serval ambulance services in Oregon state that provide emergency medical transportation. Some of the private ambulance services that operate in Oregon state are Global Medical Response, Life Flight Network, Falck, Mercy Flights, Metro West Ambulance, Medix Ambulance Service, and Others.

Metro West Ambulance provides emergency and non-emergency medical transportation services in Oregon state and the surrounding areas. They offer private ambulance services for hospitals, nursing homes, and private residences. In October 2020, Metro West Ambulance announced that it had received a $1.4 million grant from the Federal Emergency Management Agency (FEMA) to purchase new ambulances and equipment to improve its emergency response capabilities. Similarly, American medical response is one of the largest private ambulance services companies in the Oregon state in the U.S. They provide emergency medical services and non-emergency medical transportation services in Oregon state and the surrounding Oregon state area. Thus, the presence of all the private ambulance companies in Oregon are projected to boost the state of Oregon ambulance services market demand.

Competitive Scenario in the State of Oregon Ambulance Service Market

Investment and agreement are common strategies followed by major market players. For instance, in July 2021, the purchase of Arizona-based Cal-Ore Life Flight by GMR's air medical transport business, REACH Air Medical Services, was announced. The acquisition broadens REACH's service area and enhances its capacity to offer patients in need critical care transport services.

Source: Research Dive Analysis

Some of the leading state of Oregon ambulance service market analysis players are Cal-Ore Life Flight, Metro West ambulance, Life Flight Network, Bay Cities Ambulance, MEDIX AMBULANCE SERVICE, Falck Northwest, Lake District Hospital, Mercy Flights, Global Medical Response, and Harney district hospitals.