Industry Analysis & Industry Trends
The General Hospitals industry is growing strongly. Public hospitals receive most of their funding from State and Federal Governments. Private hospitals primarily generate revenue from private health benefit payments and out-of-pocket patient fees. Demand for general hospitals has surged over the past five years, due to Australia's rapidly ageing population and the rising incidence of chronic illness among adults. Private hospitals have received a further boost from increased private health insurance membership. Industry revenue is forecast to increase by an annualised 3.4% over the five years through 2016-17, to be worth $63.4 billion.
In line with industry trends over the past five years, industry revenue is projected to rise by 3.2% in the current year... purchase to read more
Industry Report - Industry Key Buyers Chapter
The General Hospitals industry demonstrates a moderate market share concentration. The industry is dominated by NSW Health, Victoria's DHHS, Queensland Health, and WA Health, Australia's four largest state health departments. Together, these state health departments are projected to account for 68.7% of total industry revenue in 2016-17.
Each state health department manages hospitals of different sizes and attributes, from large public tertiary hospitals in urban centres to smaller rural hospitals. However, no single hospital group accounts for a disproportionately high market share. The size of a state's public hospital system largely depends on the population of that state as a proportion of Australia's total population... purchase to read more