Social welfare: Emphasis on community-based preventative treatments has constrained growth

The Psychiatric Hospitals industry has expanded steadily 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 admissions to psychiatric hospitals. Industry revenue is expected to rise at an annualised 2.4% over the five years through 2018-19, 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 emphasised preventing the need for more costly treatment in psychiatric more.

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

Industry Threats & Opportunities

  • Growing demand for psychiatric treatments has fostered industry revenue growth
  • Government initiatives have focused on increasing understanding and acceptance of mental health
  • Growing awareness of mental health problems will likely increase demand for psychiatric hospitals
  • Industry Report - Industry Products Chapter

    Operators in the Psychiatric Hospitals industry treat mental and behavioural illnesses, which can be broken down using the World Health Organization's International Classification of Diseases. The following categories relate to a patient's principal diagnosis. Patients can be treated for additional problems, but they are classified by their foremost mental or behavioural disorder. The shares of psychiatric hospital separations attributable to each segment have fluctuated over the past five years. Each segment has risen as a share of total diagnoses over the period, expect for the treatment of schizophrenia, schizotypal and delusional disorders, which has markedly declined. Most industry segments have shifted towards treatment in private hospitals over the past five years...purchase to read more.

    Additional Insights for the Psychiatric Hospitals Industry

    IBISWorld has determined the most important Key Success Factors for the Psychiatric Hospitals 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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    What's in this report

    What is the Psychiatric Hospitals Industry?

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

    Industry Products
  • 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 somatoform disorders
  • Treatment for other mental health disorders
  • Industry Activities
  • Operating institutes for the mentally ill
  • Mental hospital operation
  • Psychiatric 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
  • 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

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

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

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

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

  • Industry Globalization
    Ministry of Health, Department of Health of Western Australia, Queensland Health, Ramsay Health Care Limited,
  • Table: Ministry of Health - financial performance
  • Table: Department of Health of Western Australia - financial performance
  • Table: Queensland Health - financial performance
  • Table: Ramsay Health Care Limited - financial performance

  • 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
    Table: Industry Data for the Psychiatric 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
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Psychiatric Hospitals market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
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    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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