Industry Analysis & Industry Trends
Hospitals occupy an integral place in Australia's healthcare system, providing care for people with acute illness.
The General Hospitals industry comprises about 84,000 beds in 1,330 hospitals, and is expected to generate revenue of $54 billion in 2012-13. This represents revenue growth of 4.4% from the previous year. Industry revenue is projected to increase at an annualised 4.3% in the five years through 2012-13. Demand for hospital services continues to be driven by Australia's ageing population, the prevalence of chronic illness among adults, technological change in the services provided, and rising household incomes.
The industry accounts for about one-third of the revenue generated by Australia's entire healthcare sector. There are currently about 3.9... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the industry are considered to be high, due mainly to government controls over a free public hospital system and over the licensing of new hospital beds.
In addition, the cost of building and accrediting a new hospital can be significant and it can take time to obtain a critical mass of patients to ensure viability. Community awareness and referral relationships with medical practitioners, insurers and other hospitals must be established.
Subsequent consolidation in the private hospital industry segment may indicate rising barriers to entry. Consolidation of the industry reflects the availability of economies of scale... purchase to read more