Industry Analysis & Industry Trends
Demand for health services is growing in response to an ageing population, lifestyle-related diseases, a free public health system, growing household incomes and new healthcare technologies. There are high expectations in the community about health services and outcomes, and spending on health care has consistently grown faster than GDP. As a result, governments have introduced measures to make publicly funded health care more effective and efficient.
The Health Services subdivision is projected to generate revenue totalling $116.5 billion in 2012-13, representing growth of 4.1% during the year. The subdivision will employ almost 780,000 people, or about 6.8% of total employment in Australia.
Subdivision revenue is projected to increase by an annualised 4.2%... purchase to read more
Industry Report - Industry Key Buyers Chapter
Market share data measures the extent to which the top four players dominate an industry. The subdivision is therefore measured on its overall structure and mix of small, medium and large enterprises in operation. The top four operators in this subdivision are estimated to account to 9.6% of total revenue in 2012-13, which represents a low concentration level. These largest players are Metropolitan Health Service, Ramsay Health Care Limited, Healthscope Limited and Sonic Healthcare Limited.
The industry's concentration has declined in recent years with several state-operated health departments being broken down into Local Health Networks.
Concentration varies significantly by industry within this subdivision... purchase to read more