Old remedies: Australia's ageing population has boosted demand for industry services

The Other Health Services industry includes a variety of health services that are not large enough to form individual industries. Allied health includes services such as audiology, dietetics, occupational therapy, podiatry, psychology and speech therapy. Alternative health therapies include acupuncture and natural therapies. Additional health services in the industry include blood bank and community health centre operations.Growing private health insurance membership has supported the industry over the past five years. Private health insurers have increased their service coverage over the period, expanding the industry's customer base over the period...read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 14-19
2.5%
Forecast Growth 19-24
Profit
Employment
36,704
Businesses
22,993
Market Share of Companies

Industry Threats & Opportunities

  • Growing private health insurance membership has supported industry revenue growth
  • Several new alternative health therapies have emerged, boosting industry enterprise numbers
  • The ageing population is projected to boost demand for most industry services
  • Industry Report - Industry Investment Chapter

    The industry exhibits low capital intensity, although it varies across different segments. IBISWorld estimates that the overall industry invests $0.07 in capital for every dollar spent on wages. Wages are high as other health services are generally provided by trained professionals that have undertaken undergraduate degrees or diplomas to be able to practise, and are remunerated as per their qualifications. The level of depreciation expense is low as most services within the industry are based on personal care – there is little machinery or equipment used in most segments.Blood bank operation is one segment where the level of capital investment is greater than the overall industry's. A g...purchase to read more.

    Additional Insights for the Other Health Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Other Health Services Industry are

  • Proximity to key markets
  • Having a good reputation
  • Membership of an industry organisation
  • IBISWorld analysts also discuss how external factors such as Population aged 70 and older and Private health insurance membership in the Other Health Services industry impact industry performance..

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    What's in this report

    What is the Other Health Services Industry?

    Industry operators primarily provide allied, alternative or other health services in a community setting. The industry does not include general practice medical services, specialist medical services, pathology services, diagnostic imaging services, dental services, optometry and optical dispensing services, physiotherapy services, chiropractic and osteopathic services, and ambulance services.

    Industry Products
  • Podiatry
  • Audiology and hearing aid dispensing
  • Blood bank operation
  • Other allied health services
  • Other health services
  • Alternative health therapies
  • Industry Activities
  • Blood bank operation
  • Podiatry service
  • Clinical massage service
  • Psychology service
  • Massage therapy service
  • Audiology service and hearing aid dispensing
  • Occupational therapy
  • Speech therapy
  • Dietitian service
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population aged 70 and older
  • Private health insurance membership
  • Real household disposable income
  • Consumer sentiment index
  • Public health expenditure

  • Current Performance
  • Rising participation and profit
  • Growth by segment
  • Private health insurance
  • Ageing population
  • Chart: Revenue Growth

  • Industry Outlook
  • Expanding base
  • Changing operating environment
  • Table: Other Health Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Other Health Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health Insurance
  • General Hospitals
  • General Practice Medical Services
  • Consumers

  • Key Selling Industries
  • Medical and Scientific Equipment Wholesaling
  • Medical and Surgical Equipment Manufacturing

  • Products & Services
  • Alternative health therapies
  • Other allied health services
  • Audiology and hearing aid dispensing
  • Podiatry
  • Blood bank operation
  • Other health services
  • Chart: Other Health Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 18 to 64
  • People aged 65 and older
  • People aged 17 and younger
  • Chart: Major Market Segmentation for the Other Health Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Other Health Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Other Health Services Industry

  • Industry Globalization
    Australian Red Cross Society,
  • Table: Australian Red Cross Society - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Other Health Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Other Health Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aphaeresis
  • The process by which donated blood is separated into individual blood components, including red blood cells, white blood cells, platelets and plasma.
  • Autoclave
  • A device used for sterilisation that subjects medical equipment and supplies to high-pressure saturated steam.
  • Dietetics
  • Applying the science of human nutrition to help people achieve and maintain a healthy lifestyle.
  • Plasma
  • The colourless, watery fluid of the blood that contains no cells. Blood cells are actually suspended in plasma.
  • Red Blood Cells
  • Small, round cells containing haemoglobin, which are necessary to carry oxygen throughout the body.
  • White Blood Cells
  • The blood cells that help defend the body against infection.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Other Health Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 Other Health Services:
    • 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 Other Health Services 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 Other Health Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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