Australia diagnostic labs
market is anticipated to register growth with an impressive CAGR in the
forecast period, 2023-2027, on the account of increasing demands for the
efficient diagnostic services. Moreover, evolving healthcare and patient
services coupled with growing demands for the early diagnosis and efficient
treatment demands drive the growth of the Australia diagnostic labs market in the
upcoming five years. Increasing investments in the healthcare sector and its
involvement in advancing the healthcare infrastructure further plays a vital
role in the growth of the Australia diagnostic labs market in the next five
years. Rising number of patients, and growing instances of the chronic diseases
also aid the growth of the market.
Diagnostic labs are the
healthcare infrastructure that are majorly inclined toward diagnostic practices
for various kinds of diseases. The infrastructure preferably accommodates
diagnosticians along with other healthcare practitioners including staff and
nurses to facilitate the pathological, microbiological, and radiological
diagnostics. A general physician is often present to advise and consult the
patients appearing for the diagnostic tests. Along with the test results the
patients are later referred to the specific hospital or expert consultants for
further treatment process. The diagnostic labs may function independently or in
collaboration with hospitals thereby taking care of the diagnostic procedures
required. Multiple tests like blood analysis, urine analysis, serum tests, and
other pathological tests are conducted. These tests determine the presence of
microorganisms in the body that cause various infectious diseases or the
changes in the constituent of the blood & plasma to diagnose diseases.
Diagnostic labs are fully equipped with medical devices, equipment, tools &
technology that enables the diagnostic expert to perform the tests.
Growing Patient Burden Facilitates
Market Growth
Rising instances of the
chronic diseases and infectious diseases among the population of the country
drives the growth of the Australia diagnostic labs market in the upcoming five
years. Chronic diseases like heart attacks and blood circulatory diseases have
caused over 42% of the deaths every year in recent years that is about 118
deaths due to heart diseases every day. As of 2021, there were 4 million people
with cardiovascular diseases out of which roughly 2 million are men and 1.6
million female population.
In 2019 there were 327,174
new cases of cancer diagnosed in the country. Incidence rates rose between 1995
and 2013 but have fallen slightly since then. Incidence is 23% higher in men
than in women. Over half of people newly diagnosed with cancer are aged 70+. Thus,
rising geriatric population and their tendencies toward cancer further enhances
the demand for the earlier diagnostics and provision for effective treatment. Among
people aged 25-54, cancer incidence rates are higher in women than in men.
Among people aged 65+, incidence rates are around 50% higher in men than in
women. Over half of cancers fall into four types: prostate, breast, lung, and colorectal.
Moreover, recovery chances among the older population is difficult as compared
to the younger population thereby early diagnosis demands are further pushed up
thus aiding the market growth.
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Market Segmentation
The
Australia diagnostic
labs market is segmented by provider type, test type, end
user, competitional landscape, and regional distribution. Based on provider
type, the market is fragmented into hospital, stand-alone center, and
diagnostic chains. By test type, the market is differentiated between radiology
and pathology. Based on end user, the market is bifurcated into corporate
clients, walk-ins, and referrals. The market analysis also studies the regional
segmentation to devise regional market segmentation, divided among Northern
territory region, New South Wales region, Victoria region, Western Australia
region, Queensland region, Tasmania region, and the South Australia region.
Company Profile
Australian Clinical Labs, Healthscope
Limited, Primary Health Care Limited, Sonic Healthcare, Ltd., Healius Limited, Austech
Medical Laboratories, I-Med Radiology Network Ltd, among others is a partial
list of major market players of the companies responsible for the growth of Australia
diagnostic labs market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Provider Type
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Test Type
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End User
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Regional scope
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Northern territory region, New South Wales region, Victoria
region, Western Australia region, Queensland region, Tasmania region, and the
South Australia region.
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Key companies profiled
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Australian Clinical Labs, Healthscope Limited, Primary Health
Care Limited, Sonic Healthcare, Ltd., Healius Limited, Austech Medical
Laboratories, I-Med Radiology Network Ltd
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Australia diagnostic labs market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Australia Diagnostic Labs Market,
By Provider Type:
- Hospital
- Stand-Alone Centre
- Diagnostic Chains
- Australia Diagnostic Labs Market,
By Test Type:
- Australia Diagnostic Labs Market,
By End User:
- Corporate Clients
- Walk-ins
- Referrals
- Australia Diagnostic Labs Market,
By Region:
o
Northern Territory Region
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New South Wales Region
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Victoria Region
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Western Australia Region
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Queensland Region
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Tasmania Region
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South Australia Region
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Australia diagnostic labs market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Australia Diagnostic Labs Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]