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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 | Mar 2016

Coming of age: The ageing Australian population has spurred 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
$62bn
Annual Growth 11-16
4.3%
Annual Growth 16-21
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Profit
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Employment
351,349
Businesses
92
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. Private hospitals generate revenue from private health benefit payments and out-of-pocket patient fees. 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 4.3% over the five years through 2015-16, to be worth $62.1 billion... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The General Hospitals industry is in a growth phase of its life cycle as demand for hospital services grows to meet the demands of Australia's ageing population. There has been strong growth in the number of patients treated. Healthcare policy is currently focused on addressing the needs of the ageing population and the growing prevalence of chronic illnesses such as diabetes and heart disease.

Industry value added (IVA) measures the industry's contribution to the overall economy. IVA is forecast to climb by a compound annual rate of 2.9% over the 10 years through 2020-21. This slightly exceeds projected growth in Australia's real GDP at a compound annual rate of 2.6% over the same period, indicating that the industry's contribution to the overall economy is expanding... 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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