Industry Analysis & Industry Trends
Diagnostic health services provide healthcare practitioners with information about the presence, severity and cause of diseases and other physical ailments of patients. These services, including X-rays, ultrasounds and magnetic resonance imaging (MRI), are a critical to healthcare delivery, which includes prevention, diagnosis, treatment and monitoring. Therefore, these services are cornerstones of the Australian health system.
The Diagnostic Imaging Services industry is expected to generate revenue of $3.2 billion in 2012-13, up 4.9% on 2011-12. About 70% of the number of all diagnostic imaging (DI) services are funded through Medicare and this percentage is growing. Industry revenue is projected to grow by an annualised 4.0% in the five years through 2012-13... purchase to read more
Industry Report - Industry Investment Chapter
Diagnostic Imaging companies require substantial amounts of capital investment, although a relatively high labour input results in this industry having a medium level of capital/labour intensity.
Capital costs are relatively high in the industry due to the following: the high cost of new high technology-based equipment (e.g. MRIs machines cost up to $3.6 million each fully installed); an increase in the range of possible procedures (i.e. increasing the need for specialised high-cost equipment); and investment required for communications and information technology infrastructure. However, while technology has been progressing rapidly, the price of sophisticated equipment has been decreasing in recent years... purchase to read more