Psychiatric Hospitals in Australia - Market Research Report

Psychiatric Hospitals industry trends (2014-2019)

poll Average industry growth 2014–2019: 2.1%

The Psychiatric Hospitals industry has steadily expanded over the past five years. A growing and ageing population has increased demand for psychiatric hospital services. The prevalence of certain types of mental disorders tends to increase as people age, leading to higher rates of admission to psychiatric hospitals. Industry revenue is expected to rise at an annualised 1.7% over the five years through 2019-20, to $1.8 billion. However, government funding is shifting towards community-based psychiatric treatments, which are not part of the industry. Community-based preventative treatments for outpatients have driven some demand away from the industry, as the government has increasingly focused on preventing the need for more costly treatment in psych...
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Psychiatric Hospitals industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Psychiatric Hospitals industry is projected to slowly grow over the next five years, with a continued focus on community-based treatment and less emphasis on inpatient services. Strategies outlined in the Fourth National Mental Health Plan are expected to be consolidated and replaced by the Fifth National Mental Health Plan. The new plan will lead to a more coordinated approach to mental health from all levels of government and stakeholders. The new plan is anticipated to provide an additional focus on suicide prevention through a community-wide approach, including effective follow-up support for people who have attempted to take their own lives. The plan will also focus on addressing eating disorders. These initiatives are expected to be impleme...
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Psychiatric Hospitals industry statistics

  • attach_money Market Size: $2bn
  • business Number of Businesses: 45
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 8,665

Biggest companies in the Psychiatric Hospitals industry

The companies holding the largest market share in the Psychiatric Hospitals in Australia industry include Ministry of Health, Department of Health of Western Australia, Queensland Health and Ramsay Health Care Limited.

  • pie_chart Ministry of Health Market Share: x.x%
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  • pie_chart Department of Health of Western Australia Market Share: x.x%
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  • pie_chart Queensland Health Market Share: x.x%
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  • pie_chart Ramsay Health Care Limited Market Share: x.x%
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What is Psychiatric Hospitals industry?

Industry Definition

The industry consists of psychiatric hospitals that primarily provide specialist treatment for patients with psychiatric, mental or behavioural disorders.

Industry Products and Services

  • Treatment for disorders caused by psychoactive substance use
  • Treatment for schizophrenia, schizotypal and delusional disorders
  • Treatment for mood disorders
  • Treatment for neurotic, stress-related and somatic symptom disorders
  • Treatment for other mental health disorders

Industry Activities

  • Operating institutes for the mentally ill
  • Mental hospital operation
  • Psychiatric hospital operation

Market research report - table of contents

Industry Definition

The industry consists of psychiatric hospitals that primarily provide specialist treatment for patients with psychiatric, mental or behavioural disorders.

Main Activities

  • Operating institutes for the mentally ill
  • Mental hospital operation
  • Psychiatric hospital operation

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Federal and state government spending on health is a source of funding for public psychiatric hospitals. Increases in public health expenditure typically ...
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Public health expenditure
Private health insurance membership
Population aged 70 and older
Real household disposable income

Current Performance

Public psychiatric hospitals
Private psychiatric hospitals
Participation and profit
 Chart: Revenue Growth

Industry Outlook

Public psychiatric hospitals
Private psychiatric hospitals
 Table: Psychiatric Hospitals in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Psychiatric Hospitals in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Health Insurance in Australia
General Hospitals in Australia
General Practice Medical Services in Australia
Specialist Medical Services in Australia



Key Selling Industries

Pharmaceutical Product Manufacturing in Australia
Medical and Surgical Equipment Manufacturing in Australia
Meat, Poultry and Smallgoods Wholesaling in Australia
Fruit and Vegetable Wholesaling in Australia
General Line Grocery Wholesaling in Australia
Specialist Medical Services in Australia

Products & Services

Operators in the Psychiatric Hospitals industry treat mental and behavioural illnesses, which can be broken down using the World Health Organization's Int...
Patients aged 45 to 64
Patients aged less than 24
Patients aged 65 and over



Demand Determinants

Psychiatric and substance abuse disorders in the community primarily determine demand for psychiatric hospitals. Acute disorders, where patients pose a th...
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Major Markets

Patients aged 45 to 64
Patients aged less than 24
Patients aged 65 and over




 Chart: Major Market Segmentation for the Psychiatric Hospitals in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

Market share concentration in the industry is moderate. The four largest players are estimated to account for 53.5% of industry revenue. The industry's mo...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Psychiatric Hospitals in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Psychiatric Hospitals in Australia - Market Research Report Industry

Industry Globalization

The NSW Ministry of Health owns and operates public psychiatric hospitals in New South Wales under its trading name, NSW Health. In 2011, 15 local health ...
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NSW Health

 Table: NSW Health - financial performance

WA Health

 Table: WA Health - financial performance

Queensland Health

 Table: Queensland Health - financial performance

Ramsay Health Care

 Table: Ramsay Health Care - financial performance

Capital Intensity

The Psychiatric Hospitals industry exhibits a low level of capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $17.28 is ...
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 Chart: Level of Capital Intensity for the Psychiatric Hospitals in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Psychiatric Hospitals in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

ACCREDITATION

COMMUNITY-BASED TREATMENT

ELECTROCONVULSIVE THERAPY

INPATIENT

OCCUPANCY RATE

OUTPATIENT

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Psychiatric Hospitals industry?

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
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This report on Psychiatric Hospitals in Australia:

  • 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 Psychiatric Hospitals in Australia 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 Psychiatric Hospitals in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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