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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, Haematology, Patient Episode Initiation, Immunology and Others)

Region:Asia

Product Code:KR739

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Published On

December 2018

Total pages

108

About the Report

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, Haematology, Patient Episode Initiation, Immunology, and Others)" provides a comprehensive analysis of diagnostic imaging and pathology services industry in Australia. The report focuses on overall market size for diagnostic and pathology services in different states across Australia, market segmentation by requesting provider (GP, Specialist, Allied Health and Dentist), by type of test (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)) and by state (NSW, VIC, QLD, WA, SA, TAS, ACT and NT). The report also covers Australia's diagnostic imaging equipment market size and segmentation by equipment and a Snapshot on the POCT market in Australia.
The report also provides a holistic view of the overall clinical market (diagnostic & pathology) ecosystem, value chain analysis, mediclaim process, and medicare programme, growth drivers, restraints along with market share of leading clinical labs (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).
The report also includes SWOT analysis, entry barriers, regulations for pathology laboratories, collection centers, packaging and quality control of specimens. The report also includes future projections for diagnostic imaging and pathology services market size and future projections by type of test in the diagnostic and pathology services market. The report concludes with analyst recommendations highlighting the major opportunities and cautions
 
Australia Clinical (Diagnostic Imaging & Pathology) Services Market

Diagnostic Imaging Market Size

In terms of revenue, the Australian diagnostic imaging market has registered a constant growth with positive CAGR in the last five years (FY'2012- FY'2018E). The diagnostic imaging market has witnessed an overall rise in bulk-billing rates in 2017. Key initiatives in the last 5 years included increasing the number of MBS-eligible MRI machines and improved “appropriate requesting” by health professionals to promote more efficient and effective use of diagnostic imaging services. There has been an overall improvement in patient access to MRI services but the “appropriate requesting” initiative was not substantively implemented.

 

Pathology Services Market Size

The pathology services market has also grown at a steady pace in the past few years. The pathology market in Australia is in its late growth stage. Australia is known to provide the best value for money in pathology while maintaining high service quality, even better than the US, Canada or Japan. The pathology sector has the highest bulk-billing rate of any medical service in Australia.

 

Australia Diagnostic Imaging and Pathology Services Market Segmentation

Segmentation by Type of Tests: Diagnostic Imaging Market: The highest contribution in revenues in the diagnostic imaging market is from ultrasound, followed by CT scan and diagnostic radiology tests. The least revenue contribution is from nuclear medicine imaging as cases in which these tests are ordered are very less. On the other hand revenue from MRI scans has grown at an overwhelming pace in the last five years.
Pathology Services Market: The highest revenue contribution in the pathology services market is from the chemical tests followed by microbiology and tissue pathology with the second and third highest revenue contribution. The immunology test had the least contribution to the overall revenues of the pathology services market in Australia.
 
Segmentation by Requesting Providers: Diagnostic Imaging Market: The highest contribution in revenues is from general practitioners (GP), followed by specialists, dentists, and allied health providers. The number of GP's has been rising in the country in the past few years.
Pathology Services Market: In the pathology service market, the majority of the revenue contribution is by the general practitioners followed by specialists. The contribution by dentists and allied health service providers is very minimal. A rise in the number of pathology services was driven by the growing prevalence of chronic diseases and incline in the number of GPs.
 
Segmentation by State: Diagnostic Imaging Market: State-wise, the revenue share of New South Wales (NSW) has been the largest followed by Victoria (VIC) and Queensland (QLD). The least revenue share was from the Northern Territory (NT).
Pathology Services Market: In the pathology services market as well New South Wales dominated the market followed by Victoria (VIC) and Queensland (QLD). The highest demand for pathology tests is from NSW while the least demand is from the Northern Territory (NT).

 

Competition

Diagnostic Imaging Market: Australia's diagnostic imaging market is a fragmented space. Several private equity firms have ventured into space and consolidation is well underway, with more mergers and acquisitions expected in the near future.
Pathology Services Market: Australia pathology services market is a consolidated space with a supermarket-style duopoly were the top 2 players comprised for a majority of the share of the market in FY'2018. In 2010, the government removed restrictions on the number of collection centers a pathology network could operate, resulting in intense competition for collection centers. Since deregulation, the number of centers has more than doubled.

 

Future Projections

Diagnostic Imaging Market: The diagnostic imaging market is likely to grow at a positive CAGR during 2019-2023. The market will be driven by ageing population, the addition of services to Medicare rebates such as cardiac and prostate MRI. The announcement of indexations in schedule fees by Medicare will also potentially aid in the market growth in the near future.
Pathology Services Market: The revenue growth in pathology services is expected to be positive in the coming years. The market will be driven by reversal to cuts in Bulk Bill incentives, implementation of national screening programs and rising trend of outsourcing by public hospitals to private service providers.

 

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 the 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

Products

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
 

Time Period Captured in the Report

  • Historical Period - 2012-2018
  • Future Forecast- 2019-2023

Companies

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)
 
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

Table of Contents

1. Australia Clinical Laboratory Market (Diagnostic Imaging and Pathology Services)- Executive Summary

2. Australia Diagnostic Imaging Market- Executive Summary

3. Research Methodology

3.1. Market Definitions

3.2. Abbreviations

3.3. Consolidated Research Approach

3.4. Market Sizing and Limitations

3.5. Variables (Dependent and Independent)

3.6. Australia Clinical Lab Market Correlation Matrix

3.7. Australia Clinical Lab Market Regression Matrix

4. Australia Diagnostic Imaging and Pathology Services Market Ecosystem

5. Australia Diagnostic Imaging and Pathology Services Market - Value Chain Analysis

6. Australia Diagnostic Imaging and Pathology Services Market - Mediclaim Process

7. Australia Diagnostic Imaging and Pathology Services Market - Medicare Program

8. Australia Diagnostic Imaging and Pathology Services Market - Growth Drivers

9. Australia Diagnostic Imaging and Pathology Services Market - Restraints

10. Australia Diagnostic Imaging Market

10.1. Market Size - By Revenue, FY'2012-FY'2018E and Number of Tests, FY'2012-FY'2017E

10.1.1 Australia Diagnostic Imaging Market Timeline of Companies with Number of Clinics & Growth in Type of Test

10.2. Market Segmentation by Requesting Provider, FY'2012-FY'2017

10.2.1. Australia Diagnostic Imaging Market -General Practitioner (GP) Head Count Segmentation by State, FY'2012-FY'2017

10.2.2. Australia Diagnostic Imaging Market -General Practitioner (GP) Head Count Segmentation by State, FY'2012-FY'2017

10.2.3. Australia Diagnostic Imaging Market No. of Medical practitioners registration type by state or territory, August 2018

10.2.4. Australia Diagnostic Imaging Market No of Medical Practitioners Registered by State and by Field of Specialty, August 2018

10.2.5. Australia Diagnostic Imaging Market No of Public & Private Hospitals by State, FY'2012-FY'2017

10.3. Market Segmentation by Type of Test, FY'2012-FY'2017

10.3.1. Market Segmentation by Type of Test (Ultrasound), FY'2012-FY'2017

10.3.2. Market Segmentation by Type of Test (CT Scan), FY'2012-FY'2017

10.3.3 .Market Segmentation by Type of Test (Diagnostic Radiology), FY'2012-FY'2017

10.3.4. Market Segmentation by Type of Test (MRI), FY'2012-FY'2017

10.3.5. Market Segmentation by Type of Test (Nuclear Medicine), FY'2012-FY'2017

10.3.6. Comparative Analysis for Radiology Tests In Australia

10.4. Market Segmentation by State, FY'2012-FY'2017

11. Australia Diagnostic Imaging Market Competitive Scenario

11.1. Australia Diagnostic Imaging Market Competitive Scenario- Market Share

11.2. Australia Diagnostic Imaging Market Competitive Scenario- Company Profile

11.2.1. Company Profile- I-MED Radiology

11.2.2. Company Profile- Sonic Healthcare

11.2.3. Company Profile- Primary Health Care

11.2.4. Company Profile- Integral Diagnostics

11.2.5. Company Profile- Capitol Health Limited

11.2.6. Company Profile- Qscan Radiology Clinics

11.2.7. Company Profile- PRP Diagnostic Imaging

11.2.8. Company Profile- Benson Radiology

11.2.9. Company Profile- Other Major Players (Canberra Imaging Group and ALFRED Imaging)

11.2.10. Comparative Analysis of Companies in Australia Diagnostic Imaging Market

12. Australia Diagnostic Imaging Services Market - Investment Model

13. Australia Diagnostic Imaging Equipment Market Scenario

14. Australia Diagnostic Imaging Market Future Outlook and Projections

14.1. Market Size Future Outlook and Projections, FY'2019E-FY'2023E

14.2. Market Segmentation Future Outlook and Projections- By Type of Test, FY'2022E

15. Australia Diagnostic Imaging Market - Analyst Recommendations

16. Snapshot on POCT Market Australia

17. Australia Pathology Services Market - Executive Summary

18. Australia Pathology Services Market

18.1. Market Size - By Revenue, FY'2012-FY'2018E and Number of Tests, FY ‘2012-FY'2017E

18.1.1. Timeline of Companies With Number of Clinics & Growth in Type of Test

18.2. Market Segmentation by Requesting Provider, FY'2012-FY'2017

18.2.1. Australia Pathology Service Market Type of Tests Referred and Incentive Mechanism by Requesting Provider

18.3. Market Segmentation by Type of Test, FY'2012-FY'2017

18.4. Market - Segmentation by State, FY'2012-FY'2017

19. Australia Pathology Services Market Regulations

19.1. Regulations for Pathology Laboratories and Collection Centers

19.2. Regulations for Packaging and Quality Control of Specimens

20. Australia Pathology Services Market Competition Scenario

20.1. Australia Pathology Services Market Competition Scenario- Market Share

20.2. Australia Pathology Services Market Competition Scenario- Company Profiles

20.2.1. Company Profile- Australian Clinical Labs (formerly Healthscope)

20.2.2. Company Profile- SA Pathology

20.3. Comparative Analysis of Companies in Australia Pathology Services Market

21. Australia Pathology Services Market - SWOT Analysis

22. Entry Barriers in Australia Pathology and Diagnostic Imaging Market

23. Australia Pathology Services Market Future Outlook and Projections

23.1. Market Size Future Outlook and Projections, FY'2019E-FY'2023E

23.2. Market Segmentation Future Outlook and Projections - By Type of Test, FY'2022

24. Australia Pathology Services Market - Analyst Recommendations

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