In good health: A greater variety of tests has boosted industry demand and revenue

The Pathology Services industry continues 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 over the past five years. Furthermore, rapid technological development in the industry has allowed for a greater variety of tests, leading to a greater range of pathology referrals. 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. Industry revenue is expected to rise at an annualised 3.6%...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
3.6%
Forecast Growth 17-22
Profit
Employment
24,742
Businesses
363

Industry Threats & Opportunities

  • An ageing population and technological developments are driving demand and revenue growth
  • Government policy initiatives have dampened growth in government funding to pathology services
  • Genetic testing, which is currently a small segment, is expected to be an area of strong growth
  • Industry Report - Industry Locations Chapter

    The supply of pathology services by state and territory largely reflects the residency and age distributions of the population throughout Australia. Pathology specimens must often be tested within four hours of being collected from the patient. Time restrictions typically require that laboratories are located nearby to population centres. As a result, specimens are generally processed in the same state or territory in which they were collected. Industry establishments are also mainly located in densely populated areas as patients are typically unwilling to travel extended distances to visit approved collection centres.New South Wales accounts for just under one-third of the total number of pathology services provided under Medicare. Vic...purchase to read more.

    Additional Insights for the Pathology Services Industry

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

  • Having links with suppliers
  • Economies of scale
  • Must comply with required product standards
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Total visits to a general practitioner in the Pathology Services industry impact industry performance..

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    What's in this report

    What is the Pathology Services Industry?

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

    Industry Products
  • Haematology
  • Chemical pathology
  • Microbiology
  • Tissue pathology
  • Patient episode initiation
  • Other services
  • Industry Activities
  • Medical laboratory operation
  • Pathology laboratory operation
  • Pathology collection centre operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare
  • Total visits to a general practitioner
  • Median age of the population
  • Number of births

  • Current Performance
  • Demand conditions
  • Fees and rebates
  • Profitability
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Technology and demand
  • Government funding
  • Profitability
  • Industry structure
  • Table: Pathology Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • General Hospitals
  • Psychiatric Hospitals
  • General Practice Medical Services
  • Specialist Medical Services
  • Dental Services
  • Community Health Centres
  • Veterinary Services

  • Key Selling Industries
  • Basic Inorganic Chemical Manufacturing
  • Basic Organic Chemical Manufacturing
  • Industrial and Agricultural Chemical Product Wholesaling
  • Medical and Scientific Equipment Wholesaling
  • Medical and Surgical Equipment Manufacturing
  • Pharmaceutical Product Manufacturing
  • Pharmaceuticals Wholesaling

  • Products & Services
  • Chemical pathology
  • Microbiology
  • Other services
  • Tissue pathology
  • Haematology
  • Patient episode initiation
  • Chart: Pathology Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • General practitioners
  • Medical specialists
  • Chart: Major Market Segmentation for the Pathology Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent
  • Depreciation and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Pathology Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pathology Services Industry

  • Industry Globalization
    Sonic Healthcare Limited, Primary Health Care Limited, Clinical Laboratories Pty Ltd,
  • Table: Sonic Healthcare Limited - financial performance
  • Table: Primary Health Care Limited - financial performance
  • Table: Clinical Laboratories Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pathology 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 Pathology Services 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
    Cytogenetics
  • The process of analysing the number and shape of cell chromosomes.
  • Cytopathology
  • The study and diagnosis of diseases at the cellular level. The most common use of cytopathology is the Pap smear, used to detect cervical cancer at an early and treatable stage.
  • Haematology
  • The examination of blood, including for the purposes of cross-matching donated blood with a patient's blood, and investigating clotting tendencies.
  • Immunology
  • A branch of medicine concerned with the structure and function of the immune system and laboratory techniques involving the interaction of antigens and specific antibodies.
  • Microbiology
  • The identification of bacteria and other parasites.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pathology 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 Pathology 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 Pathology 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 Pathology Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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