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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

Healthy demand: The rapidly ageing population drives industry growth

The General Hospitals market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$57bn
Annual Growth 09-14
4.0%
Annual Growth 14-19
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Profit
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Employment
355,434
Businesses
96
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, while private hospitals generate revenue from private health benefits and out-of-pocket patient costs. General hospital demand 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 an extra boost due to widening private health insurance coverage across the population. Overall, industry revenue is forecast to increase by a compound annual 4.0% over the five years through 2013-14, to be worth $56.9 billion... purchase to read more

Industry Report - Industry Analysis Chapter

The General Hospitals industry has grown over the past five years. Demand for public hospitals has risen due to Australia's ageing population, while private hospital revenue has surged as the Federal Government continues to provide incentives for consumers to take up private health insurance. The number of overall patients visiting general hospitals has thus increased over the past five years. There has only been minimal growth in bed numbers though, with general hospitals effectively managing their capacity. General hospitals have increased throughput rates by decreasing patients' average length of stay. Increasing the total number of patient separations has driven strong compound annual revenue growth estimated at 4.0% over the five years through 2013-14, to reach $56.9 billion... 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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