2014-04-02 06:53:02 - Hospitals, Medical and Dental Services in Australia: ISIC 851 - a new market research report on companiesandmarkets.com
Up to 2010 the market for hospitals, medical and dental services in Australia saw growth due to ageing of the population as well as its expanding, growing on average by 8% per annum to reach more than A$90 billion in 2010. The market for such services is still in its growth stage and experiencing a stable performance.
This gradual expansion is a natural process â the population is getting larger and on average older, and thus more people require medical services. The main buyer of healthcare services was governmental institutions, with 68% of total market value. Government demand was mainly generated by subsidising the cost of private consumer healthcare through the Medicare system.
The other major buyers of such services were households,
with 30% of the market value, mainly including clients which are choosing to use private healthcare companies instead of public hospitals. The remaining 2% of the market was accounted for by sales for businesses.
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