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Pathology Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pathology Services Market Research Report | ANZSIC Q8521 | Nov 2016

Test of time: Changes to government funding and policy will continue to alter the industry

IBISWorld’s Pathology Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
3.6%
Annual Growth 17-22
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Profit
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Employment
22,432
Businesses
422
Industry Analysis & Industry Trends

The Pathology Services industry has continued to report healthy revenue growth, despite government funding cuts. Pathology service providers supply vital information to help doctors diagnose and manage various diseases. Australia's ageing population has increased the prevalence of chronic illness, which has lifted strong underlying demand for health services and referrals for pathology services. Furthermore, rapid technological development in the industry has allowed for a greater variety of tests, leading to a greater range of patients. However, revenue per service is expected to fall over the five years through 2016-17 as growth in Medicare rebates has not kept up with inflation. Revenue is expected to rise at an annualised 3.6% over the five years through 2016-17, to total $2.9... purchase to read more

Industry Report - Industry Analysis Chapter

The Pathology Services industry has overcome government funding cuts to report strong revenue growth over the past five years. Pathology services are an essential part of disease management. Scientific advances and an ageing population drive demand for pathology services. These factors have increased demand for more frequent and accurate pathology services. Revenue growth has stemmed primarily from strengthening demand rather than higher fees and government rebates for services. Industry revenue is forecast to grow at an annualised 3.6% over the five years through 2016-17, to total $2.9 billion. While higher test volumes have aided industry expansion, fees charged per service have declined, partly offsetting this growth... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pathology Services Industry?

Companies in the Pathology Services industry operate pathology laboratories and collection centres. Pathology services provided by public laboratories operating within general hospitals are not included in the industry. 

Industry Products
HaematologyChemical pathologyMicrobiologyTissue pathologyPatient episode initiationOther services
 
Industry Activities
Medical laboratory operationPathology laboratory operationPathology collection centre operation


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