Australia Clinical Services Market Driven by Australia’s Ageing Population, Rising Incidences of Diseases and Technological Advancements: Ken Research

The report titled Australia Clinical (Diagnostic and Pathology) Services Market Outlook to 2023 – By Radiology Tests (Ultrasound, CT Scan, Diagnostic Radiology, MRI, Nuclear Medicine Imaging and Others) and Pathology Tests (Chemical, Microbiology, Tissue Pathology, Hematology, Patient Episode Initiation, Immunology and Others) by Ken Research suggested a growth at a five year CAGR of more than 5.5% in terms of revenue in clinical services (diagnostic imaging and pathology services) market during the period 2019- 2023.One of the primary growth drivers for the Clinical Services (Diagnostic Imaging and Pathology Services) market is the medical benefits provided by the Australian Government to its citizens. The medical benefits provided by the government coupled with the rising population, increase in number of chronic diseases and technological advancements in the industry has been the key growth drivers of the clinical services market in Australia.

Australia Clinical Services Market Stage: In recent years the clinical services (diagnostic imaging and pathology services) market in Australia has significantly grown both in terms of revenues and in terms of number of companies, clinics and collection centres. The market is highly fragmented, with presence of global leaders like Sonic Healthcare and a number of regional companies that have grown over the years to become leaders of the market in Australia. Many investor firms like Permira, Quadrant Private Equity and Hengkang Medical Group have invested heavily into expanding the network of clinics and collection centres by either growing organically or merging/acquiring smaller firms active in the region. There also exist a number of small players that have only a few sites and are concentrated in a specific region.

Australia Diagnostic Imaging Market Growth Drivers: High prices of diagnostic tests have been the reason for the domination of diagnostic imaging in comparison to pathology services market. The highest revenues are generated by ultrasound test, followed by CT scan and diagnostic radiology (X-ray) tests. The highest numbers of test on the other hand were recorded for diagnostic radiology, followed by ultrasound tests. The major growth drivers for the diagnostic imaging market have been the gradually ageing population of the country, increasing number of child births, growing incidence of chronic diseases such as diabetes and cancer and government initiatives to increase awareness about the importance of regular health check-ups and disease prevention.

Australia Pathology Services Market Growth Drivers: The pathology services market has also grown significantly. The organic growth of clinics and collection centres has increased the access to pathology services for Australians in regional and rural areas. Chemical tests have been the highest in number as well as revenue generation followed by hematology, microbiology, immunology, tissue pathology and other. New South Wales followed by Victoria and Queensland states have the highest number of collection centres as well as revenues in 2017.  Significant growth in number of tests in major cities of the country has been one of the major factors for growth in revenues of the overall market.

 

Key Segments Covered

By Type of Tests

Diagnostic Imaging

  • Ultrasound
  • CT Scan
  • Diagnostic Radiology
  • MRI
  • Nuclear Medicine Imaging and Others

Pathology Services

  • Chemical
  • Microbiology
  • Tissue Pathology
  • Hematology
  • Patient Episode Initiation
  • Immunology and Others

By Requesting Provider

  • GP
  • Specialist
  • Allied Health
  • Dentist

By State

  • New South Wales (NSW)
  • Victoria (VIC)
  • Queensland (QLD)
  • Western Australia (WA)
  • South Australia (SA)
  • Tasmania (TAS)
  • Australian Capital Territory (ACT)
  • Northern Territory (NT)

Key Target Audience

  • Diagnostic Imaging Service Provider Companies
  • Pathology Service Provider Companies
  • Private Hospitals
  • Diagnostic Imaging and Pathology services equipment and consumables providers
  • Private Equity Ventures

Companies Covered:

Diagnostic Imaging and Pathology Services Companies:

  • I-MED Radiology
  • Sonic Healthcare
  • Primary Health Care
  • Integral Diagnostic
  • Capitol Health Limited
  • Qscan Radiology Clinics
  • PRP Diagnostic Imaging
  • Benson Radiology
  • Australian Clinical Labs
  • SA Pathology
  • Other Players

Key Topics Covered in the Report: 

  • Overview of Australia Clinical (Diagnostic and Pathology) Services Market
  • Value Chain Analysis in Australia Clinical (Diagnostic and Pathology) Services Market
  • Mediclaim Process
  • Overview of Medicare Program
  • Australia Diagnostic Imaging and Pathology Services Market – Growth Drivers
  • Australia Diagnostic Imaging and Pathology Services Market – Restraints
  • Australia Diagnostic Imaging Market Size- by Revenue & and Number of Patients
  • Australia Pathology Services Market Size- by Revenue & and Number of Patients.
  • Australia Diagnostic Imaging Market Segmentation- by Type of Tests
  • Australia Diagnostic Imaging Market Segmentation- by Requesting Provider
  • Australia Diagnostic Imaging Market Segmentation- by State
  • Australia Pathology Services Market Segmentation- by Type of Tests
  • Australia Pathology Services Market Segmentation- by Requesting Provider
  • Australia Pathology Services Market Segmentation- by State.
  • Australia Diagnostic Imaging Market Share
  • Australia Pathology Services Market Share
  • SWOT Analysis
  • Regulations in Pathology Service Market
  • Australia Diagnostic Imaging Market Analyst Recommendations
  • Australia Pathology Services Market Analyst Recommendations

 To know more, click on the link below:

https://kenresearch.com/healthcare/trial-diagnostic-services/australia-clinical-diagnostic-pathology-services-market.html

Related Reports:-

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https://kenresearch.com/healthcare/singapore-healthcare-market-154981.html

https://kenresearch.com/healthcare/saudi-arabia-healthcare-market-outlook-to-2019-rising-lifestyle-diseases-and-government-investment-to-spur-future-growth.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com

+91-9015378249

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