Silver lining: Australia's ageing population is underpinning demand for industry services

The Private General Hospitals industry has grown strongly over the past five years, fuelled by Australia's ageing population. While an overall rise in the uptake of private health insurance membership has assisted industry growth, the declining affordability of private health insurance has slowed signup rates over the period. Rising rates of obesity have also increased demand for private hospital services, due to the increasing incidence of weight-related diseases and illnesses, as well as higher demand for elective surgeries such as weight-loss procedures. Industry revenue is expected to grow at an annualised 4.1% over the five years through 2018-19, to $16.1 billion.Australia's public health system reduces the need for private more.

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

Industry Threats & Opportunities

  • Growing private health insurance membership has supported revenue growth over the past five years
  • Growth in hospital bed numbers has been subdued, as capacity has been managed more efficiently
  • Australia’s ageing population is projected to drive greater demand for industry services
  • Industry Report - Industry Investment Chapter

    The Private General Hospitals industry exhibits low capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $15.41 is spent on wages. The industry is labour intensive as hospitals required highly skilled and qualified medical staff, such as doctors, nurses and auxiliary staff. While most hospitals use advanced technology, the cost of such equipment is minimal compared with the total cost of wages. Capital intensity has increased marginally over the past five years, due to higher growth in depreciation expenses compared with labour costs...purchase to read more.

    Additional Insights for the Private General Hospitals Industry

    IBISWorld has determined the most important Key Success Factors for the Private General Hospitals are:

  • Access to highly skilled workforce
  • Proximity to key markets
  • Optimum capacity utilisation
  • IBISWorld analysts also discuss how external factors such as Population aged 50 and older and Private health insurance membership in the Private General Hospitals industry impact industry performance..

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    What's in this report

    What is the Private General Hospitals Industry?

    Private general hospitals provide medical, surgical and diagnostic services, as well as continuous inpatient nursing care. The industry also includes establishments that provide both hospital facilities and training of medical and nursing staff. The industry does not include public-private partnerships.

    Industry Products
  • Digestive and respiratory system hospitalisations
  • Musculoskeletal and circulatory system hospitalisations
  • Cancer hospitalisations
  • Injury and poison hospitalisations
  • Pregnancy and neonatal hospitalisations
  • Eye disease hospitalisations
  • Dialysis hospitalisations
  • Industry Activities
  • Private children's hospital operation
  • Private ear, nose and throat hospital operation
  • Private eye hospital operation
  • Private general hospital operation (excluding psychiatric, dental and veterinary hospitals)
  • Private infectious diseases hospital operation (including human quarantine stations)
  • Private maternity hospital operation
  • Private obstetric hospital operation
  • Private women's hospital operation
  • 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 50 and older
  • Private health insurance membership
  • Real household disposable income
  • Total visits to a general practitioner
  • Levels of obesity

  • Current Performance
  • Health trends
  • Industry structure
  • Private health insurance
  • Chart: Revenue Growth

  • Industry Outlook
  • Health trends
  • Industry structure
  • Private health insurance
  • Table: Private General Hospitals Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Health Insurance
  • General Insurance

  • Key Selling Industries
  • General Practice Medical Services
  • Medical and Surgical Equipment Manufacturing
  • Pharmaceutical Product Manufacturing
  • Pharmaceuticals Wholesaling
  • Specialist Medical Services

  • Products & Services
  • Digestive and respiratory system hospitalisations
  • Musculoskeletal and circulatory system hospitalisations
  • Dialysis hospitalisations
  • Cancer hospitalisations
  • Pregnancy and neonatal hospitalisations
  • Eye disease hospitalisations
  • Injury and poison hospitalisations
  • Chart: Private 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 Private General Hospitals 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 Private General Hospitals

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Ramsay Health Care Limited, Healthscope Limited, St John of God Health Care Inc, Epworth Foundation,
  • Table: Ramsay Health Care Limited - financial performance
  • Table: Healthscope Limited - financial performance
  • Table: St John of God Health Care Inc - financial performance
  • Table: Epworth Foundation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Private 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
    Table: Industry Data for the Private General Hospitals 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
    Australian Institute Of Health And Welfare (Aihw)
  • The national agency for health and welfare statistics.
  • Inpatient
  • A patient who is admitted to a hospital and stays for one or more nights.
  • Outpatient
  • A patient who visits a hospital, clinic or associated facility for diagnosis or treatment, but does not stay 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Private General Hospitals 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 Private 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 Private 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 Private 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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