Testing positive: The increased prevalence of chronic illnesses has boosted demand

The Pathology Services industry has expanded over the past five years, despite government funding changes. Pathology service providers supply vital information to help doctors diagnose and manage various diseases. Australia’s ageing population and the increased prevalence of chronic illnesses have supported strong underlying demand for health services and referrals for pathology services over the past five years. Furthermore, technological development in the industry has increased the range of available tests, leading to a greater range of pathology referrals. Industry revenue is expected to rise at an annualised 3.0% over the five years through 2018-19, to reach $3.3 billion. This includes anticipated revenue growth of 3.4% in the current year...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • An ageing population and technological developments are driving industry demand and revenue growth
  • Changes in Medicare rebates for pathology services have limited industry growth
  • Genetic testing, which is currently a small segment, is projected to be an area of strong growth
  • Industry Report - Industry Key Buyers Chapter

    The Pathology Services industry displays a high level of market concentration, with the largest three players expected to account for over 90% of industry revenue in the current year. The industry’s market share concentration has risen over the past five years, principally driven by acquisition activity by larger operators. Despite this, the industry features many smaller, independent operators that occupy niche market positions or service localised geographic regions.Approximately 80% of all Medicare outlays for pathology are for services provided by Sonic Healthcare, Primary Healthcare and Clinical Laboratories. Sma...purchase to read more.

    Additional Insights for the Pathology Services Industry

    IBISWorld has determined the most important Key Success Factors for the Pathology Services 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
  • Number of births
  • Population aged 50 and older

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

  • Industry Outlook
  • Technology and demand
  • Government funding and 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
  • Chart: Cost Structure Benchmarking – Sector vs Pathology Services

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

  • Industry Globalization
    Sonic Healthcare Limited, Healius Limited, Clinical Laboratories Pty Ltd,
  • Table: Sonic Healthcare Limited - financial performance
  • Table: Healius 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
  • 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
    Approved Collection Centre
  • A location which has been approved to collect pathology specimens on behalf of a pathology laboratory.
  • 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 medical study of blood. Industry operators examine blood for diseases, cross-match donated blood with a patient's blood, and investigate 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 typically for diagnostic purposes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pathology Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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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