Overview

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

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.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

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%...

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Industry Report - Industry Analysis Chapter

The Pathology Services industry has overcome government funding cuts to report solid revenue growth over the past five years. Pathology services are an essential part of disease management. Scientific advances and an ageing population have increased demand for more frequent and accurate pathology services. Revenue growth has stemmed primarily from rising demand rather than from higher fees and government rebates for services. Industry revenue is expected to increase at an annualised 3.6% over the five years through 2016-17, to $2.9 billion. While higher test volumes have aided industry expansion, fees charged per service have declined, partly offsetting this growth. Cuts to Medicare rebates for Vitamin D and B12 or folate testing from November 2014 have constrained revenue growth. Ind..

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Industry Products

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

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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