Government drives market demand, with government spending representing 67.0% of total demand in 2022. Sonic Healthcare Ltd is the largest company in Australia, generating 16.4% of the industry’s total turnover value in 2022. The industry is fragmented, with the top five companies generating 49.3% of total production value in 2022. The total number of companies increases in 2022, to 154,886 units. The costs of the industry increase by 0.6% in 2022, largely driven by rising labour costs. The industry’s profitability decreases and stands at 5.9% of turnover in 2022, the 18th highest across the top 20 developed countries. With turnover of USD151 billion, Australia accounts for 88.6% of the Australasia total in 2022.
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This Euromonitor industrial report provides unique information on Hospitals, Medical and Dental Services in Australia: ISIC 851. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Hospitals, Medical and Dental Services in Australia: ISIC 851 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of hospitals, medical practice, dental practice, and other health services.
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