The Specialist Medical Services industry has grown strongly over the past five years due to substantial government assistance and Australia's ageing population. The Federal Government provides support to all qualified specialists through Medicare, which funds a schedule fee that covers part or all of a specialist attendance. Medicare also provides safety nets to ensure that the annual accumulation of gap payments does not place too great a burden on patients. Limited out-of-pocket costs (due to Medicare support) has meant that the ageing population has driven demand growth without patients being greatly hindered by price.
This industry includes registered medical practitioners (including medical clinics or group practices) that provide specialist medical services (other than pathology and diagnostic imaging specialities) as a private company, 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.