Australia hospital market is
expected to grow at a significant CAGR during the forecast period. Increasing
prevalence of communicable diseases is the major driver for the forecast
period. Australia faces diverse health problems comprising of sexually
transmitted diseases, vaccine preventable diseases, vector borne diseases,
foodborne diseases, among other diseases which is expected to foster the hospital
market growth. Rising disposable income among the middle-class families is
increasing their healthcare expenditure capacity. Surge in living standard of people
along with presence of excellent healthcare system is highly beneficial for
large share of population and subsequently increasing the life expectancy of
people. Australia also witnesses low infant mortality rate thereby fueling the
demand for effective healthcare facilities. Due to presence of quality
healthcare services, increasing old age population are surging the demand for
healthcare services. As with growing age, immunity level starts declining and
the human body is more vulnerable to getting affected with several diseases.
Older people suffer from chronic ailments and degenerative diseases and
generally require longer hospital stays along with frequent follow-ups to
ensure effective treatment. Privatization of hospital facilities and entry of
foreign players along with deregulation in hospital systems is expected to
accelerate the demand for hospital market.
Australia hospital market is
segmented into ownership, type, type of
services, bed capacity, regional distribution, and company. Based on type of services, market
can be further bifurcated into in-patient services and out-patient services.
The out-patient services segment is expected to witness growth for the forecast
period, 2022-2026. Development of communication technology. High demand for
remote consultation procedures along with huge medical costs to afford
in-patient healthcare services is expected to contribute to the growth of the
out-patient service segment.
The major players operating in the
Australia hospital market are Ramsay Health Care Limited,
Healthscope Pty Ltd, St John of God Health Care Inc, Nexus Day Hospitals Pty
Ltd, Healthe Care Australia Pty Ltd, Cura Day Hospitals Group Pty Ltd, Western
Private Hospital, SA Health, Alfred Health, St Vincent's Health Australia,
among others. Major companies are developing advanced technologies and
launching new services to stay competitive in the market. Other competitive
strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the
- To analyze the historical growth of the market
size of Australia hospital market from 2016 to 2019.
- To estimate and forecast the market size of Australia
hospital market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast Australia hospital market
based on ownership, type, type of services, bed capacity, regional
distribution, and company.
- To identify dominant region or segment in the Australia
- To identify drivers and challenges for Australia
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Australia
- To identify and analyze the profile of leading
players operating in Australia hospital market.
- To identify key sustainable strategies adopted
by market players in Australia hospital market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Australia hospital market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Hospital manufacturing
- Market research and
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to hospital market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
In this report, Australia hospital
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
Australia Hospital Market, By Ownership:
- Australia Hospital Market, By Type:
- Multi- Speciality
- Australia Hospital Market, By Type of Services:
- In-Patient Services
- Out-Patient Services
- Australia Hospital Market, By Bed Capacity:
- Up to 100 beds
- 100-500 beds
- Above 500 beds
- Australia Hospital
Market, By Region:
o Australia Capital Territory &
New South Wales
o Northern Territory & Southern
o Western Australia
o Victoria & Tasmania
Company Profiles: Detailed analysis of the major
companies present in Australia hospital market.
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:
Australia hospital market
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- Detailed analysis and
profiling of additional market players (up to five).