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General Hospitals in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

General Hospitals Market Research Report | ANZSIC Q8401 | Jun 2014

Fighting fit: Demand has risen due to an ageing population and expanding private insurance coverage

IBISWorld’s General Hospitals market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$62bn
Annual Growth 10-15
3.9%
Annual Growth 15-20
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Profit
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Employment
366,720
Businesses
95
Industry Analysis & Industry Trends

Public and private general hospitals provide acute care to patients. Government-funded public hospitals receive the majority of their funding from state governments and the Federal Government. In contrast, private hospitals generate revenue from private health benefit payments and out-of-pocket patient costs. Demand for general hospitals has surged over the past five years, due to Australia's rapidly ageing population and the prevalence of chronic illness among adults. Private hospitals have received a further boost from expanding private health insurance coverage across the population. Industry revenue is forecast to increase by a compound annual 3.9% over the five years through 2014-15, to be worth $61.8 billion... purchase to read more

Industry Report - Industry Investment Chapter

The industry has a low level of capital intensity. In 2014-15, general hospitals are estimated to invest $0.06 in capital for every dollar spent on wages. The substantial wage costs relative to capital investment result from hospitals employing highly skilled and qualified doctors and a large number of nurses and auxiliary staff. While advanced technology is used in many hospitals, the cost of such equipment is minimal compared with the cost of wages.

Public tertiary hospitals tend to have the most advanced equipment, with greater levels of capital expenditure required. Such hospitals also have the highest wage costs as they have no profit motive, resulting in capital intensity remaining relatively similar to private acute overnight hospitals... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the General Hospitals Industry?

General hospitals provide diagnostic, medical and surgical services and continuous inpatient nursing care. The industry also includes establishments that provide both hospital facilities and training of medical and nursing staff.

Industry Products
Other public hospitalsPublic tertiary hospitalsPrivate hospitals
 
Industry Activities
Children's hospital operationEar, nose and throat hospital operationEye hospital operationGeneral hospital operation (excluding psychiatric, dental and veterinary hospitals)Infectious diseases hospital operation (including human quarantine stations)Maternity hospital operationObstetric hospital operationWomen's hospital operation


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