Industry Analysis & Industry Trends
The Pathology Services industry has continued 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. Furthermore, rapid technological development in the industry has allowed for a greater variety of tests, leading to a greater range of patients. 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. Revenue is expected to rise at an annualised 3.6% over the five years through 2016-17, to total $2.9... purchase to read more
Industry Report - Industry Locations Chapter
The supply of pathology services by state and territory largely reflects the residency and age distributions of the population throughout Australia. Pathology specimens must often be tested within four hours of being collected from the patient. Time restrictions typically require that laboratories are located nearby to population centres. As a result, specimens are generally processed in the same state or territory in which they were collected. Industry establishments are also mainly located in densely populated areas as patients are typically unwilling to travel extended distances to visit approved collection centres.
New South Wales accounts for just under one-third of the total number of pathology services provided under Medicare... purchase to read more