Specialist medicine is in demand, and demand for most specialities will continue to respond to new services and procedures, rising household incomes and an ageing population. In addition, demand will rise as a result of the poor lifestyle choices of many Australians resulting in a rise in the prevalence of chronic disease.
Specialist medical practices are expected to generate revenue of $11.7 billion in 2012-13, up 4.0% on 2011-12, representing about 5.3% of total spending on health goods and services in Australia. Specialist medical practitioners will provide approximately 50 million Medicare-based services in 2012-13.
This industry comprises registered medical practitioners (including medical clinics or group practices) that provide specialist medical services (other than pathology and diagnostic imaging specialities) on their own account or for government agencies or non-profit organisations.
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.