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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 - Starting a New Business Chapter

Barriers to entry into the General Hospitals industry are high. Public hospitals account for the majority of industry revenue and are state-owned and state-funded entities. Barriers to entry into the public hospital sector are difficult to determine as the sector does not demonstrate regular industry characteristics. As each state's health department is its own entity, opening new public hospitals can be considered an expansion rather than an entry to the industry.

Private hospitals, although only accounting for 21.9% of industry revenue, also demonstrate significant barriers to entry for new players. Start-up costs are immense within the private hospital sector... 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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