Demand for health services is growing in response to an ageing population, lifestyle-related diseases and new healthcare technologies. There are high expectations in the community about health services and outcomes, and spending on healthcare has consistently grown faster than GDP. As a result, governments have introduced measures to make public-funded healthcare more effective and efficient. Revenue in the subdivision is estimated to total $116.5 billion in 2012-13, up 4.1% for the year. The subdivision will employ almost 780,000 people, or about 6.8% of total employment in Australia.
This industry supplies health services to the public either directly or via proxies. Manufacturers and wholesalers of pharmaceutical, medical, surgical and toiletry goods are key suppliers of subdivision products, which are used in treating individuals. Key markets include private and government consumers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.