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, Heamtology, Patient Episode Initiation, Immunology and
Others)) and by state (NSW, VIC, QLD, WA, SA, TAS, ACT and NT). The report also
covers Australia 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 centres, packaging
and quality control of specimens. The report also includes future projection
for diagnostic imaging and pathology services market size and future
projections by type of test in diagnostic and pathology services market. The
report concludes with analyst recommendations highlighting the major
opportunities and cautions.
Diagnostic Imaging Market Size
In terms of revenue, the Australian diagnostic
imaging market has registered a constant growth with positive CAGR in 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 “appropriate requesting” initiative was
not substantively implemented.
Pathology Services Market Size
The pathology services market has also grown
with a steady pace in the past few years. The pathology market in Australia is
in its late growth stage. Australia is known to provide best value for money in
pathology while maintaining high service quality, even better than US, Canada
or Japan. 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 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. Immunology test had the least
contribution in 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 past few years.
Pathology
Services Market: In 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. Rise in number of pathology services
was driven by growing prevalence of chronic diseases and incline in number of
GPs.
Segmentation by State
Diagnostic Imaging Market: State
wise, 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 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
diagnostic imaging market is a fragmented space. Several private equity firms have ventured
into the 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 where
top 2 players comprised for 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, addition
of services to Medicare rebate such as cardiac and prostate MRI. Announcement
of indexations in schedule fee by Medicare will also potentially aid in market
growth in the near future.
Pathology
Services Market: The revenue
growth in pathology services is expected to be positive in 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 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
·
Heamtology
·
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
Time Period Captured in the Report:
2012-2018 – Historical Period
2019-2023 – Future Forecast
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
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
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