Industry Analysis & Industry Trends
Demand for blood, blood services and health services, will continue to grow as society increases its desire and ability to save and improve lives.
The Blood Bank and Other Health Services industry is expected to generate revenue of $6.85 billion in 2012-13, up 6.0% compared with 2011-12. The industry accounts for about 3.5% of total spending on health goods and services in Australia.
Industry revenue is forecast to grow at an annualised 5.8% over the five years through 2012-13. Industry growth is promoted by population and ageing trends. Rising obesity rates and expansion occurring in the range of services available to diagnose, treat or manage such conditions have contributed to stronger demand for industry services. A... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Growth in industry value added over the 10 years through 2017-18 (increasing by 5.8% annually) is forecast to be faster than the growth of the Australian economy over the same period (2.4% annually). This is a good indication of an industry experiencing a growth phase of its life cycle.
The number of firms in the industry is also increasing rapidly with an enormous growth in some alternative health providers, such as naturopathy and massage.
Demand for blood products will increase due to the population ageing rapidly and additional Commonwealth funding for public hospitals, which will increase clinical activity. An ageing population along with increasing awareness, understanding and public funding of allied health services will positively affect demand for these services... purchase to read more