Overview

A good prognosis: Australia's ageing population is driving demand for industry services

IBISWorld’s General Hospitals market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Australia's ageing population has helped the industry maintain revenue growth
  • Many private hospitals are non-profit entities, meaning that operators tend to have low margins
  • High community expectations will likely put pressure on governments to provide adequate funding

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    Industry Analysis & Industry Trends

    The General Hospitals industry is growing strongly. Public hospitals receive most of their funding from state and federal governments. Private hospitals primarily generate revenue from private health benefit payments and out-of-pocket patient fees. Demand for general hospitals has surged over the past five years, due to Australia's ageing population and the rising incidence of chronic illness among adults. Private hospitals have received a further boost from increased private health insurance membership. Industry revenue is expected to increase by an annualised 3.4% over the five years through 2016-17, to be worth $63.3 billion.

    In line with industry trends over the past five years, industry revenue is projected to rise by 3.3% in the current year...

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    Industry Report - Industry Locations Chapter

    The location of general hospitals in Australia mirrors the population distribution. Other factors affecting hospital location include the age distribution of the population, birth rates, household incomes and government health policies. Larger population centres tend to be serviced by larger hospitals. Large tertiary service hospitals can attain strong economies of scale through high patient service and separation rates. There is an under-representation in the number of hospitals compared with population size in less populated states such as South Australia and Western Australia. In contrast, larger states such as New South Wales and Victoria tend to be slightly over-represented compared with their population shares.

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    Additional Insights for the General Hospitals Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the General Hospitals Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Government funding for public hospitals and Median age of the population in the General Hospitals industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the General Hospitals Industry?

    General hospitals provide medical, surgical and diagnostic 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
    Public hospital same-day separations
    Private hospital same-day separations
    Public hospital overnight separations
    Private hospital overnight separations
    Industry Activities
    Children's hospital operation
    Ear, nose and throat hospital operation
    Eye hospital operation
    General hospital operation (excluding psychiatric, dental and veterinary hospitals)
    Infectious diseases hospital operation (including human quarantine stations)
    Maternity hospital operation
    Obstetric hospital operation
    Women's hospital operation

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Government funding for public hospitals
  • Median age of the population
  • Private health insurance membership
  • Number of births
  • Total visits to a general practitioner

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: General Hospitals Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - General Hospitals Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Health Insurance
  • General Insurance
  • Central Government Administration

  • Key Selling Industries
  • Cosmetics and Toiletry Wholesaling
  • General Practice Medical Services
  • Laundry and Dry-Cleaning Services
  • Medical and Surgical Equipment Manufacturing
  • Pharmaceutical Product Manufacturing
  • Pharmaceuticals Wholesaling
  • Specialist Medical Services

  • Products & Services
  • Public hospital same-day separations
  • Private hospital same-day separations
  • Public hospital overnight separations
  • Private hospital overnight separations
  • Chart: General Hospitals Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 65 and over
  • People aged 45 to 64
  • People aged 25 to 44
  • People aged 24 and under
  • Chart: Major Market Segmentation for the General Hospitals Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs General Hospitals

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the General Hospitals Industry

  • Industry Globalization
    Major Companies
    Ministry of HealthDepartment of Health & Human Services VictoriaQueensland HealthDepartment of Health of Western AustraliaSouth Australian Department for Health and Ageing
  • Table: Ministry of Health - financial performance
  • Table: Department of Health & Human Services Victoria - financial performance
  • Table: Queensland Health - financial performance
  • Table: Department of Health of Western Australia - financial performance
  • Table: South Australian Department for Health and Ageing - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the General Hospitals Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the General Hospitals Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Activity-Based Funding
  • A system by which governments can calculate their contribution to public hospital funding, as hospital services are classified and given an efficient price.
  • Australian Institute Of Health And Welfare (Aihw)
  • The national agency for health and welfare statistics.
  • Brownfield
  • Land previously used for commercial or industrial purposes.
  • Coag
  • Council of Australian Governments. COAG is the peak intergovernmental body in Australia, representing ministers from both federal and state and territory governments.
  • Inpatient
  • A patient that is admitted to a hospital and stays overnight or for several weeks or months.
  • Outpatient
  • An outpatient visits a hospital, clinic or associated facility for diagnosis or treatment, but is not hospitalised overnight. An outpatient is also known as a ‘non-admitted’ patient.
  • Patient Separation
  • The administrative process by which a hospital records the cessation of treatment, care or accommodation of a patient. A patient is no longer hospitalised upon separation.
  • Throughput
  • This measures the numbers of admitted patient separations and non-admitted patients to assess the speed and productivity of hospital services.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on General Hospitals:
    • 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 General Hospitals 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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on General Hospitals, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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