The Pathology Services industry provides vital information that helps doctors to diagnose and manage a number of diseases. Population ageing and an increase in the prevalence of chronic illness are factors promoting demand for health services and referrals for pathology services.
IBISWorld expects industry players to generate revenue from providing pathology services under Medicare amounting to $2.55 billion in 2012-13, up 2.1% on 2011-12. In 2012-13, Medicare is expected to record 119.4 million pathology services. Medicare rebates are forecast to equate to an average of $19.71 per service.
Companies in this industry operate pathology laboratories and collection centres.
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.