Diagnostic Imaging Services in Australia - Market Research Report

Diagnostic Imaging Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.9%

The Diagnostic Imaging Services industry is expected to perform strongly over the five years through 2018-19. Diagnostic imaging provides healthcare practitioners with crucial information about patients' health. Industry services, such as X-rays, ultrasounds and MRI, are integral to delivering high-quality health care. Demand for these services is stronger among older people, and has surged as Australia's population has aged over the past five years. Price competition and government policies have increased bulk-billing over the period, making diagnostic imaging more affordable and boosting service volumes. Industry revenue is expected to rise at an annualised 3.9% over the five years through 2018-19, to $3.9 billion. This includes anticipated growth...
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Diagnostic Imaging Services industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Revenue for the Diagnostic Imaging Services industry is projected to continue growing strongly over the next five years. Australia's ageing population and a greater focus on the early detection and prevention of medical conditions are anticipated to support the industry's performance over the period. The ongoing shift from basic diagnostic radiology towards more advanced procedures without radiation exposure, such as MRI, is anticipated to drive industry revenue growth, as Medicare schedule fees for these procedures are much higher. Although the Federal Government officially announced it would not go ahead with the proposed GP co-payment policy, any potential reductions in schedule fees for GP consultations may reduce the number of people receiving d...
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Diagnostic Imaging Services industry statistics

  • attach_money Market Size: $4bn
  • business Number of Businesses: 2,921
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 17,466

Biggest companies in the Diagnostic Imaging Services industry

The companies holding the largest market share in the Diagnostic Imaging Services in Australia industry include I-MED Network Pty Limited, Sonic Healthcare Limited, Healius Limited and Integral Diagnostics Limited.

  • pie_chart I-MED Network Pty Limited Market Share: x.x%
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  • pie_chart Sonic Healthcare Limited Market Share: x.x%
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  • pie_chart Healius Limited Market Share: x.x%
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  • pie_chart Integral Diagnostics Limited Market Share: x.x%
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What is Diagnostic Imaging Services industry?

Industry Definition

Industry companies provide diagnostic imaging services such as ultrasound, MRI and X-ray services. The industry excludes diagnostic imaging services conducted by hospitals.

Industry Products and Services

  • Ultrasounds
  • Computerised tomography
  • Diagnostic radiology
  • Nuclear medicine
  • Magnetic resonance imaging

Industry Activities

  • Diagnostic imaging
  • Radiology service
  • X-ray clinic operation
  • Magnetic resonance imaging
  • Nuclear medicine
  • Ultrasound
  • Positron emission tomography

Market research report - table of contents

Industry Definition

Industry companies provide diagnostic imaging services such as ultrasound, MRI and X-ray services. The industry excludes diagnostic imaging services conducted by hospitals.

Main Activities

  • Diagnostic imaging
  • Radiology service
  • X-ray clinic operation
  • Magnetic resonance imaging
  • Nuclear medicine
  • Ultrasound
  • Positron emission tomography

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Medicare provides rebates for most diagnostic imaging services. The industry is highly sensitive to the structure of Medicare schedule fees and the propor...
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Federal funding for Medicare
Total visits to a general practitioner
Median age of the population
Population

Current Performance

Ageing population
Medicare involvement
Technology changes
 Chart: Revenue Growth

Industry Outlook

Ageing population
Medicare involvement
Technology changes
 Table: Diagnostic Imaging Services in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Diagnostic Imaging Services in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

General Insurance in Australia
General Hospitals in Australia
Consumers




Key Selling Industries

Medical and Surgical Equipment Manufacturing in Australia
Telecommunications Services in Australia





Products & Services

Operators in the Diagnostic Imaging Services industry produce images of the internal structures of patients' bodies. Radiologists at imaging centres revie...
Patients aged 45 to 64
Patients aged 25 to 44
Patients aged 24 and under



Demand Determinants

The demand for diagnostic imaging services is primarily determined by population growth and the changing population demographics. A general rise in the po...
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Major Markets

Patients aged 45 to 64
Patients aged 25 to 44
Patients aged 24 and under




 Chart: Major Market Segmentation for the Diagnostic Imaging Services in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The industry exhibits a moderate market share concentration. The industry's four largest players are expected to account for over 45% of industry revenue ...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Diagnostic Imaging Services in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Diagnostic Imaging Services in Australia - Market Research Report Industry

Industry Globalization

I-MED Network Pty Limited is the holding company for the I-MED Radiology Network, which is the industry's largest player. I-MED Radiology was established ...
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I-MED Radiology Network

 Table: I-MED Radiology Network - financial performance

Sonic Healthcare

 Table: Sonic Healthcare - financial performance

Healius

 Table: Healius - financial performance

Integral Diagnostics

 Table: Integral Diagnostics - financial performance

Capital Intensity

The Diagnostic Imaging Services industry exhibits low capital intensity. Industry operators will spend an estimated $8.21 on wages for every dollar spent ...
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 Chart: Level of Capital Intensity for the Diagnostic Imaging Services in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Diagnostic Imaging Services in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

COMPUTERISED TOMOGRAPHY (CT)

DUAL-ENERGY X-RAY ABSORPTIOMETRY

FLUOROSCOPY

MAGNETIC RESONANCE IMAGING (MRI)

POSITRON EMISSION TOMOGRAPHY (PET)

TELERADIOLOGY

X-RAY

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Diagnostic Imaging Services industry?

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This report on Diagnostic Imaging Services in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Diagnostic Imaging Services in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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