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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 | Feb 2015

Help the aged: Australia's ageing population will drive demand for industry services

IBISWorld’s General Hospitals market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$62bn
Annual Growth 10-15
3.9%
Annual Growth 15-20
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Profit
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Employment
366,720
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 the increased take-up of private health insurance. Industry revenue is forecast to increase by a compound annual 3.9% over the five years through 2014-15, to be worth $61.8 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 ageing of the Australian 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 3.5% over the 10 years through 2019-20. This exceeds the projected growth in Australia's real GDP at a compound annual rate of 2.7% 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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