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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 2015

Private patients: Growth in private health insurance membership has boosted revenue

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
$65bn
Annual Growth 11-16
4.9%
Annual Growth 16-21
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Profit
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Employment
375,455
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, while 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 increased private health insurance membership. Industry revenue is forecast to increase by a compound annual rate of 4.9% over the five years through 2015-16, to be worth $65.0 billion... purchase to read more

Industry Report - Industry Investment Chapter

The industry has a low level of capital intensity. IBISWorld estimates that general hospitals 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. This results 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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