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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 | Nov 2015

Healthy growth: Increases in private health insurance membership have boosted revenue

IBISWorld’s General Hospitals market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 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 4.3% over the five years through 2015-16, to be worth $62.1 billion... purchase to read more

Industry Report - Industry Analysis Chapter

Demand for public hospitals has risen over the past five years, primarily due to Australia's ageing population. Private hospital revenue has also surged, as the Federal Government has continued to provide incentives for consumers to take up private health insurance. The overall number of patients visiting general hospitals has consequently increased over the past five years. However, there has only been minimal growth in bed numbers as general hospitals have become more effective at 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 at a forecast 4.3% over the five years through 2015-16, to reach $62.1 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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