Overview

In good health: Industry profit has increased due to growth in private hospitals

The Psychiatric Hospitals market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Growing demand for psychiatric treatments has fostered industry revenue growth
  • Charitable organisations have increased public awareness of mental health, increasing demand
  • Growing awareness of mental health problems will increase demand for psychiatric hospitals

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    Industry Analysis & Industry Trends

    The Psychiatric Hospitals industry has grown slowly over the past five years. Increased social acceptance of mental illness has been offset by a structural shift in government funding towards community-based psychiatric treatments, which are not part of the industry. The Fourth National Mental Health Plan, released in November 2009, has largely determined the direction of the industry over the period. Community-based preventative treatments for outpatients have driven demand away from the industry, as a greater effort has been placed into preventing the need for more costly treatment in psychiatric hospitals. Despite this trend, growing demand for psychiatric treatments has fostered industry revenue growth. The industry is expected to grow by an annualised 0.7%...

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    Industry Report - Industry SWOT Analysis Chapter

    The Psychiatric Hospitals industry is in the mature phase of its economic life cycle. The industry is characterised by steady revenue growth with low volatility, consolidation of establishments, tried and tested services and technology, and increasing public acceptance of the benefits of mental healthcare. With government funding for public psychiatric hospitals and subsidised private health insurance providing benefits for private psychiatric hospitals, consistent revenue growth is expected to continue over the next five years.

    Industry valued added (IVA) measures an industry's contribution to the overall economy. Over the 10 years through 2021-22, IVA is estimated to grow at an annualised 0.9%, underperforming the wider economy with GDP growth at an annualised 2.6%. Thi..

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    Additional Insights for the Psychiatric Hospitals Industry

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

  • Recommendation/accreditation from authoritative source
  • Proximity to key markets
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Public health expenditure and Private health insurance membership in the Psychiatric Hospitals industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Psychiatric Hospitals Industry?

    The industry consists of hospitals primarily providing specialist psychiatric treatment.

    Industry Products
    Treatment for disorders due to psychoactive substance use
    Treatment for schizophrenia, schizotypal and delusional disorders
    Treatment for mood disorders
    Treatment for neurotic, stress-related and somatoform disorders
    Treatment for other mental health concerns
    Industry Activities
    Operating private psychiatric facilities
    Operating public psychiatric facilities

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Public health expenditure
  • Private health insurance membership
  • Median age of the population
  • Real household disposable income
  • Per capita alcohol consumption

  • Current Performance
  • National mental health plan
  • Public psychiatric hospitals
  • Private psychiatric hospitals
  • Participation and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • National mental health plan
  • Public psychiatric hospitals
  • Private psychiatric hospitals
  • Table: Psychiatric Hospitals Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Health Insurance
  • General Hospitals
  • General Practice Medical Services
  • Specialist Medical Services

  • Key Selling Industries
  • Fruit and Vegetable Wholesaling
  • General Line Grocery Wholesaling
  • Meat, Poultry and Smallgoods Wholesaling
  • Medical and Surgical Equipment Manufacturing
  • Pharmaceutical Product Manufacturing
  • Specialist Medical Services

  • Products & Services
  • Treatment for mood disorders
  • Treatment for neurotic, stress-related and somatoform disorders
  • Treatment for disorders due to psychoactive substance use
  • Treatment for schizophrenia, schizotypal and delusional disorders
  • Treatment for other mental health concerns
  • Chart: Psychiatric Hospitals Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Patients aged 25 to 44
  • Patients aged 45 to 64
  • Patients aged less than 24
  • Patients aged 65 and over
  • Chart: Major Market Segmentation for the Psychiatric Hospitals Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Psychiatric Hospitals

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    Ministry of HealthRamsay Health Care LimitedQueensland HealthDepartment of Health of Western AustraliaHealthscope LimitedSouth Australian Department for Health and Ageing
  • Table: Ministry of Health - financial performance
  • Table: Ramsay Health Care Limited - financial performance
  • Table: Queensland Health - financial performance
  • Table: Department of Health of Western Australia - financial performance
  • Table: Healthscope Limited - financial performance
  • Table: South Australian Department for Health and Ageing - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Psychiatric Hospitals Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Psychiatric Hospitals 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
    Jargon & Glossary
    Accreditation
  • A seal of excellence that signifies a health care program has demonstrated quality, value and optimal outcomes of services.
  • Community-Based Treatment
  • Treatment that focuses on the community services offered to an individual through a system of community support.
  • Electroconvulsive Therapy
  • A procedure whereby seizures are electrically induced on patients to provide relief from disorders such as schizophrenia and bipolar disorder.
  • Inpatient
  • A patient who is formally admitted to a hospital with a doctor's order.
  • Occupancy Rate
  • The proportion of beds in use.
  • Outpatient
  • A patient who is hospitalised for less than a day, with no order from a doctor for admission to the hospital as an inpatient.
  • Why buy this report?

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

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