Specialist Medical Services in Australia - Market Research Report

Specialist Medical Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 1.0%

Australia's ageing population and a rising incidence of chronic disease are driving demand for the Specialist Medical Services industry. Greater demand, along with moderate growth in fees, has boosted industry revenue growth over the past five years. The Federal Government supports qualified specialists through Medicare, which funds a schedule fee that covers part or all of a specialist service. Medicare also provides safety nets to ensure that the annual accumulation of gap payments does not place an excessive financial burden on patients. Medicare rebates per service have been boosted by higher schedule fees, but constrained by the Federal Government's Medicare indexation freeze from November 2012. Overall, benefits paid per service have increased...
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Specialist Medical Services 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 Specialist Medical Services industry is forecast to continue growing steadily over the next five years. Australia's population is anticipated to continue ageing, resulting in a greater proportion of the population becoming regular users of specialist services. Unhealthy lifestyles and increasing obesity rates are also projected to lift industry revenue. Ongoing Medicare support is anticipated to suppress demand fluctuations due to rising consultation prices. Industry revenue is forecast to grow at an annualised X.X% over the five years through XXX-XX, to reach $XX.X billion. The return to Medicare indexation for specialist procedures in XXX is anticipated to support revenue growth over the next five years. Increased demand for industry services...
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Specialist Medical Services industry statistics

  • attach_money Market Size: $13bn
  • business Number of Businesses: 21,613
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 42,954

Biggest companies in the Specialist Medical Services industry

The Specialist Medical Services in Australia industry has no companies with major market shares. Get the full report to find out why.

What is Specialist Medical Services industry?

Industry Definition

The industry includes registered medical practitioners (including medical clinics or group practices) that provide specialist medical services (other than pathology and diagnostic imaging specialities) as a private company, or for government agencies or non-profit organisations.

Industry Products and Services

  • Physicians
  • Surgeons
  • Anaesthetists
  • Psychiatrists
  • Obstetricians and gynaecologists
  • Paediatricians
  • Other medical specialists

Industry Activities

  • Anaesthetist services
  • Dermatology services
  • Gynaecology and obstetrics services
  • Neurology services
  • Ophthalmology services
  • Paediatric services
  • Psychiatry services
  • Rheumatology services
  • Specialist medical clinic operation
  • Surgery

Market research report - table of contents

Industry Definition

The industry includes registered medical practitioners (including medical clinics or group practices) that provide specialist medical services (other than pathology and diagnostic imaging specialities) as a private company, or for government agencies or non-profit organisations.

Main Activities

  • Anaesthetist services
  • Dermatology services
  • Gynaecology and obstetrics services
  • Neurology services
  • Ophthalmology services
  • Paediatric services
  • Psychiatry services
  • Rheumatology services
  • Specialist medical clinic operation
  • Surgery

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The services of specialist medical practitioners are heavily subsidised through Medicare. An increase in federal funding for Medicare typically drives ind...
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Federal funding for Medicare
Population aged 50 and older
Female population aged between 15 and 45
Total visits to a general practitioner

Current Performance

Ageing population
Medicare assistance
 Chart: Revenue Growth

Industry Outlook

Industry fragmentation and competition
 Table: Specialist Medical Services in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Specialist Medical Services in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Health Insurance in Australia
Central Government Administration in Australia
General Hospitals in Australia
Psychiatric Hospitals in Australia
General Practice Medical Services in Australia


Key Selling Industries

Pharmaceutical Product Manufacturing in Australia
Medical and Surgical Equipment Manufacturing in Australia
General Hospitals in Australia
Psychiatric Hospitals in Australia
Pathology Services in Australia
Pharmaceuticals Wholesaling in Australia

Products & Services

The Australian Institute of Health and Welfare classifies each specialist medical profession in its annual medical workforce publication. Clinical special...
People aged 45 to 64
People aged 25 to 44
People aged 24 and under



Demand Determinants

Population demographics are the major demand driver for the industry, along with out-of-pocket patient costs. Australia's ageing population has bolstered ...
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Major Markets

People aged 45 to 64
People aged 25 to 44
People aged 24 and under




 Chart: Major Market Segmentation for the Specialist Medical Services in Australia - Market Research Report Industry

International Trade

Business Locations

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

Market Share Concentration

The Specialist Medical Services industry has low market share concentration, as the four largest players account for less than 5% of annual industry reven...
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Key Success Factors

Cost Structure Benchmarks

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

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Specialist Medical Services in Australia - Market Research Report Industry

Industry Globalization

The Specialist Medical Services in Australia industry has no major companies. Get the full report to find out why.

Capital Intensity

The Specialist Medical Services industry has low capital intensity. IBISWorld estimates that for every dollar spent on capital costs, $18.56 is spent on w...
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 Chart: Level of Capital Intensity for the Specialist Medical Services 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 Specialist Medical Services in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

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, %

IN-VITRO FERTILISATION (IVF)

NEPHROLOGY

OPHTHALMOLOGY

SCHEDULE FEE

UROLOGY

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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 Specialist Medical Services 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
  • Quickly build competitive intelligence

This report on Specialist Medical Services 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 Specialist Medical Services 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 Specialist Medical Services 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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