In good health: Australia's ageing population boosts demand for industry services

The Public General Hospitals industry has recorded strong revenue growth over the past five years. Public hospitals receive most of their funding from federal and state governments, with private health insurance and other non-public revenue sources expected to account for less than 10% of industry funding in 2018-19. Demand for public general hospitals has surged over the past five years, due to Australia's aging population and the rising incidence of chronic illness among adults. Industry revenue is expected to increase at an annualised 3.8% over the five years through 2018-19, to $72.1 billion. This includes anticipated revenue growth of 3.3% in 2018-19.Australia's ageing population has supported industry revenue growth over the past five years...read more.

Industry Statistics & Market Size
Revenue
$72bn
Annual Growth 14-19
3.8%
Forecast Growth 19-24
Profit
Employment
376,218
Businesses
8

Industry Threats & Opportunities

  • Australia’s ageing population has supported industry revenue growth over the past five years
  • Hospital bed numbers have grown minimally as public hospitals have managed capacity more efficiently
  • Increased federal hospital funding is anticipated to boost industry revenue over the next five years
  • Industry Report - Industry Locations Chapter

    The location of establishments in the Public General Hospitals industry mirrors the distribution of the general population. Other factors affecting hospital location include the population’s age distribution, birth rates, household incomes and government health policies. Larger population centres tend to be serviced by larger hospitals. Large tertiary service hospitals can attain strong economies of scale through high patient service and separation rates. An under-representation in the number of hospitals compared with population size exists in both the Northern Territory and the Australian Capital Territory...purchase to read more.

    Additional Insights for the Public General Hospitals Industry

    IBISWorld has determined the most important Key Success Factors for the Public General Hospitals are:

  • Access to highly skilled workforce
  • Proximity to key markets
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Government funding for public hospitals and Median age of the population in the Public General Hospitals industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Top 500 Companies List
    has been released

    Click here for more

    What's in this report

    What is the Public General Hospitals Industry?

    Public general hospitals provide medical, surgical and diagnostic services and continuous inpatient nursing care, and receive most of their funding from government and non-profit organisations. The industry also includes establishments that provide both hospital facilities and training of medical and nursing staff.

    Industry Products
  • Dialysis hospitalisations
  • Cancer hospitalisations
  • Digestive and respiratory system hospitalisations
  • Injury and poison hospitalisations
  • Musculoskeletal and circulatory system hospitalisations
  • Pregnancy and neonatal hospitalisations
  • Eye disease hospitalisations
  • Industry Activities
  • Public ear, nose and throat hospital operation
  • Public eye hospital operation
  • Public general hospital operation (excluding psychiatric, dental and veterinary hospitals)
  • Public infectious disease hospital operation (including human quarantine stations)
  • Public maternity hospital operation
  • Public obstetric hospital operation
  • Public women's 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
  • Government funding for public hospitals
  • Median age of the population
  • Private health insurance membership
  • Number of births
  • Total visits to a general practitioner

  • Current Performance
  • Industry structure
  • Government funding arrangements
  • Growing demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry structure
  • Funding arrangements
  • Technology advances
  • Table: Public General Hospitals Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Health Insurance
  • General Insurance

  • Key Selling Industries
  • Cosmetics and Toiletry Wholesaling
  • General Practice Medical Services
  • Laundry and Dry-Cleaning Services
  • Medical and Surgical Equipment Manufacturing
  • Pharmaceutical Product Manufacturing
  • Pharmaceuticals Wholesaling

  • Products & Services
  • Digestive and respiratory system hospitalisations
  • Dialysis hospitalisations
  • Musculoskeletal and circulatory system hospitalisations
  • Cancer hospitalisations
  • Injury and poison hospitalisations
  • Pregnancy and neonatal hospitalisations
  • Eye disease hospitalisations
  • Chart: Public General Hospitals Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 65 and over
  • People aged 45 to 64
  • People aged 25 to 44
  • People aged 24 and under
  • Chart: Major Market Segmentation for the Public General Hospitals Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Ministry of Health, Department of Health & Human Services Victoria, Queensland Health, Department of Health of Western Australia, Department for Health and Wellbeing,
  • Table: Ministry of Health - financial performance
  • Table: Department of Health & Human Services Victoria - financial performance
  • Table: Queensland Health - financial performance
  • Table: Department of Health of Western Australia - financial performance
  • Table: Department for Health and Wellbeing - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Public General 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 Public General Hospitals Industry
    Includes:
  • 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
    Activity-Based Funding
  • A system by which governments can calculate their contribution to public hospital funding using a system that classifies hospital services and gives them an efficient price.
  • Efficient Growth
  • A calculation of price growth based on a nationally efficient price, which is based the weighted average cost of a hospital procedure in any given financial year.
  • Inpatient
  • A patient who is admitted to a hospital and stays for one or more nights.
  • Outpatient
  • A patient who visits a hospital, clinic or associated facility for diagnosis or treatment, but does not stay overnight. An outpatient is also known as a ‘non-admitted’ patient.
  • Patient Separation
  • The administrative process by which a hospital records the cessation of treatment, care or accommodation of a patient. A patient is no longer hospitalised upon separation.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Public General Hospitals market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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

    Contact Us

    Want to speak to a representative? Call us.

    clear