$22.3bn
$XXX.Xm
151k
19
$XX.Xbn
As with other healthcare services, hospital services in Australia are delivered through a mix of public and private providers. Approximately one-third of Australia's hospitals are operated by private for-profit operators, and not-for-profit religious and charitable institutions. Australia's ageing population and climbing rates of obesity and chronic disease have supported demand for private hospital services in recent years, as has a marginal boost in private health insurance membership. Even so, activity volumes, as measured by hospital separations and patient days, have slowed and constrained revenue growth. Disruptions associated with the COVID-19 pandemic have contributed to the recent volatility in activity volumes, as have ongoing labour shortages, which are holding back private hospital capacity and adding to profit margin pressures.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $22.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Ramsay Health Care | 5,350.0 | |
ANZ Hospitals Topco | 2,850.0 | |
St John of God Health Care | 1,580.0 |
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Industry revenue is measured across several distinct product and services lines, including Acute care involving surgery, Acute care services (other than surgical) and Subacute and non-acute care services. Acute care involving surgery is the largest segment of the Private General Hospitals in Australia.
Acute care services (other than surgical) dominate private hospital services
Private general hospitals provide medical, surgical and diagnostic services, as well as continuous inpatient nursing care. The industry also includes establishments that provide both hospital facilities and training of medical and nursing staff. The industry does not include public-private partnerships.
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ANZSIC 840 - Private General Hospitals in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Private general hospitals account for just under one-third of all patient days of care. Even so, growth in the number of patient days in private hospitals has been comparativ...
Learn about an industry's products and services, markets and trends in international trade.
Acute care accounts for the lion’s share of private hospital separations. Acute care services involving surgery took a hit during the COVID-19 pandemic due to temporary bans ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The location of private general hospitals mirrors the distribution of the general population. Australia's eastern seaboard states account for over three-quarters of all indus...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price, quality of service and waiting times are key factors that determine the competitiveness of private hospitals. The Federal Government's MyHospitals website provides a p...
Learn about the performance of the top companies in the industry.
Both private for-profit hospital providers, and not-for-profit religious and charitable institutions operate private general hospitals. In some instances, private hospital pr...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Non-government funding sources account for over two-thirds of all private hospital expenditure. This means changes in household disposable income and in the number of Austral...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
While private hospital providers are often for-profit enterprises, some providers, like UnitingCare and the Epworth Foundation, are run as not-for-profit organisations. This ...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Private General Hospitals industry in Australia is $22.3bn in 2024.
There are 19 businesses in the Private General Hospitals industry in Australia, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Private General Hospitals industry in Australia has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Private General Hospitals industry in Australia is expected to grow.
The biggest companies operating in the Private General Hospitals market in Australia are Ramsay Health Care, ANZ Hospitals Topco and St John of God Health Care
Acute care involving surgery and Acute care services (other than surgical) are part of the Private General Hospitals industry.
The company holding the most market share in Australia is Ramsay Health Care.
The level of competition is moderate and increasing in the Private General Hospitals industry in Australia.