The Department of Health in Australia is the regulatory body that oversees healthcare services in Australia. It offers universal and affordable services such as medical, pharmaceutical and hospital services. The Department of Health manages public health, primary healthcare, promotion of health, hospitals funding and health research. The government of Australia spent $22.03 billion on R&D in the medical and health science sector and exported $3.53 billion of pharmaceutical products in 2016. The term healthcare refers to diagnosis, treatment, and prevention of disease or illness, and other physical and mental impairments in humans and animals. The healthcare market provides products and services to treat patients with curative, preventive, rehabilitative or palliative care.
Where is the largest and fastest growing market for healthcare? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The healthcare global market report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider healthcare market, and compares it with other markets.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
• The healthcare market section of the report gives context. It compares the healthcare market with other segments of the healthcare market by size and growth, historic and forecast. It analyses Expenditure Per Capita, Expenditure Per Household, Healthcare Indicators Comparison, Hospitals, Hospital Beds across selected countries.
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Markets covered: Healthcare Services, Pharmaceutical, Medical Equipment
Companies mentioned: McKesson, UnitedHealth Group, CVS Health, AmerisourceBergen, Walgreens Boots Alliance, Cardinal Health, Express Scripts Holdings, Anthem, Johnson & Johnson, Aetna and Others.
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, population, GDP, Healthcare Indicators Comparison, Number of Hospitals, Number of Hospital Beds.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
1. Healthcare Market Characteristics 10
2. Australia Healthcare Market 12
2.1 Australia Healthcare Market 12
2.1.1 Australia Healthcare Market Overview 12
2.1.2 Australia Healthcare Historic Market, 2012-2016 14
2.1.3 Australia Healthcare Forecast Market, 2016-2020 15
2.1.4 Australia Market Size by Segment 16
2.1.5 Australia Healthcare Market, Historic and Forecast Growth Rate, By Segment, 2012 – 2020 17
2.1.6 Australia Healthcare Services Market Size By Segment 18
2.1.7 Australia Average Revenue Per Hospital, 2012-2020 20
2.1.8 Australia Average Revenue Per Hospital Bed Per Annum, 2012-2020 21
3. Healthcare Market Global Context 23
3.1 Historic Market Growth 23
3.1.1 Drivers of the Market 24
Health Insurance Reforms 24
Falling Oil Prices 24
Technology Development 24
3.1.2 Restraints on the Market 24
Patent Expiration of Drugs 24
Low Healthcare Access 24
Government Regulations 24
Shortage Of Skilled Manpower 25
3.2 Forecast Market Growth 26
3.2.1 Drivers of the Market 27
Aging Populations 27
Increase In Healthcare Access 27
Economic Growth 27
Changes in Lifestyles 27
3.2.2 Restraints on the Market 27
Rising Cost 27
Reduction In Free Trade 27
Self-Care Diagnostics 28
Political Instability Driven By The Rise Of Authoritarian Rulers 28
4. Porters Five Force Model 29
4.1 Bargaining Power of Buyers 30
4.2 Bargaining Power of Suppliers 30
4.3 Threat of New Entrants 31
4.4 Threat of Substitutes 32
4.5 Industry Competition 32
5. PESTLE Analysis 34
5.1 Political 35
5.2 Economic 35
5.3 Social 36
5.4 Technological 37
5.5 Legal 39
5.6 Environmental 40
6. Healthcare Market Segmentation 42
6.1. Global Segmentation 42
6.2. Global Healthcare Market, Historic And Forecast Growth Rate, By 2012-2020 43
6.3. Segmentation by Country 44
6.4. Healthcare Services 45
6.4.1. Market Characteristics 45
6.4.2. Market Trends and Strategies 46
Increase in Bundle Payments 46
Digital Tools Usage 46
More Power with Patients 46
Collaborations across Industries and Companies 47
6.5. Pharmaceutical 47
6.5.1. Market Characteristics 47
6.5.2. Market Trends and Strategies 47
Turning Away From Animal Testing 48
Increase In Personalized Medicine 48
Collaboration Driving Innovation 48
Increase in Mergers and Acquisitions 48
Rise of Biologics/Gene Therapy 48
Aggressive Pricing Changes in Some Drugs 49
6.6. Medical Equipment 49
6.6.1. Market Characteristics 49
6.6.2. Market Trends and Strategies 49
Self-Diagnosis/Treatment is Increasing 49
Technology and Analytics in Patient Care 50
Wearables and Mobile Applications 50
Shift to Service Contracts 50
7. Healthcare Market Regional and Country Analysis 51
7.1. Global Healthcare Market, 2016, By Region 51
7.2. Global Healthcare Market, 2012-2020, Historic and Forecast, By Region 52
7.3. Healthcare Market, 2016, By country 54
7.4. Healthcare Market, 2012- 2020, Historic and Forecast, By Country 55
8. Global Healthcare Market Comparison with Macro Economic Factors 57
8.1. Healthcare Market Size, Percentage Of GDP, Global 57
8.2. Per Capita Average Healthcare Expenditure, Global 58
9. Healthcare Market Comparison with Macro Economic Factor Across Countries 59
9.1. Healthcare Market Size, Percentage Of GDP, By Country 59
9.2. Per Capita Average Healthcare Expenditure, By Country 60
9.3. Per Capita Average Healthcare Services Expenditure Per Annum, By Country 61
9.4. Per Capita Average Medical Equipment Expenditure Per Annum, By Country 61
9.5. Per Capita Average Pharmaceuticals Expenditure Per Annum, By Country 63
9.6. Average Household Healthcare Expenditure, By Country 64
9.7. Proportion of Elderly Population (65+), By Country 66
9.8. Healthcare Per Capita Expenditure Versus Proportion of Elderly Population (65+), By Country 67
10. Healthcare Market Indicators Comparison 68
10.1. Hospitals, By Country 68
10.2. Average Revenue Per Hospital, By Country 69
10.3. Hospital Beds, By Country 71
10.4. Average Revenue Per Hospital Bed Per Annum, By Country 72
11. Global Healthcare Market Competitive Landscape 74
11.1. Company Profiles 74
11.2. NHS 74
11.2.1. Overview 74
11.2.2. Products and Services 74
11.2.3. Financial Performance 74
11.3. Pfizer 75
11.3.1. Overview 75
11.3.2. Products and Services 75
11.3.3. Strategy 75
11.3.4. Financial Performance 76
11.4. Hoffmann-La Roche 77
11.4.1. Overview 77
11.4.2. Products and Services 77
11.4.3. Strategy 77
11.4.4. Financial Performance 78
11.5. GlaxoSmithKline 78
11.5.1. Overview 78
11.5.2. Products and Services 79
11.5.3. Strategy 79
11.5.4. Financial Performance 80
11.6. Merk & Co 81
11.6.1. Overview 81
11.6.2. Products and Services 81
11.6.3. Strategy 81
11.6.4. Financial Performance 82
11.7. Sanofi 83
11.7.1. Overview 83
11.7.2. Products and Services 83
11.7.3. Strategy 83
11.7.4. Financial Performance 84
11.8. Gilead Sciences 85
11.8.1. Overview 85
11.8.2. Products and Services 85
11.8.3. Strategy 85
11.8.4. Financial Performance 85
11.9. Novartis 86
11.9.1. Overview 86
11.9.2. Products and Services 86
11.9.3. Strategy 87
11.9.4. Financial Performance 87
11.10. Medtronic Plc 88
11.10.1. Overview 88
11.10.2. Products and Services 88
11.10.3. Strategy 88
11.10.4. Financial Performance 89
11.11. Johnson & Johnson 89
11.11.1. Overview 89
11.11.2. Products and Services 90
11.11.3. Strategy 90
11.11.4. Financial Performance 91
12. Healthcare Market Customer Information 92
Consumers Engagement with Healthcare Providers Is Increasing Rapidly 92
More Consumers Are Searching For Healthcare Related Information Online 92
Healthcare Providers Are Shifting from Fee Based Payments to Value-Based Payments 92
mHealth Technologies Adoption 92
Hospital Digitalization Is Saving Costs and Improving Life Expectancy 92
Consumers Engagement With Healthcare Providers Is Increasing Rapidly 92
More Consumers Are Searching For Healthcare Related Information Online 93
Use Of Technology To Measure Fitness And Monitor Health Problems 93
Consumers Are Moving Towards Private Dental Care 93
Adoption of Technology Aided Home Care 93
Use of Electronic Health Records in Long term or Post-Acute Care Providers (LTPAC) 93
Increasing Consumer’s Concerns On Drug Pricing 94
Increasing Concerns About Commercial Advertisements for Prescription Drugs 94
Veterinary Services Customer Information 94
Difficulty In Getting The Services Of Veterinarians During Emergencies 94
High Competition From Low Cost Providers 94
Pet Insurance Penetration In The USA Is Still Very Low 94
Cats And Dog Drugs Are Still Being Sold Mainly In Clinics 94
13. Key Mergers and Acquisitions in The Healthcare Market 95
14. Healthcare Market Trends and Strategies 97
Digitalization Of Medical Records 97
Introduction Of Healthcare Schemes 97
Personalized Health 97
Increase in Mergers and Acquisitions 97
Personalized Medicine 98
Printed Paper Diagnostics 98
15. Appendix 99
15.1.1. NAICS Definitions of Industries Covered in This Report 99
15.1.2. Abbreviations 100
15.1.3. Currencies 100
15.1.4. Research Methodology 101
15.1.5. Research Inquiries 102
15.1.6. The Business Research Company 102
15.1.7. Copyright and Disclaimer 102
The Department of Health in Australia is the regulatory body that oversees healthcare services in Australia. It offers universal and affordable services such as medical, pharmaceutical and hospital services. The Department of Health manages public health, primary healthcare, promotion of health, hospitals funding and health research. The government of Australia spent $22.03 billion on R&D in the medical and health science sector and exported $3.53 billion of pharmaceutical products in 2016.
The healthcare industry is one of the largest and fastest growing industries in the world, and it has a direct effect on the quality of life of patients. The term healthcare refers to diagnosis, treatment, and prevention of disease or illness, and other physical and mental impairments in humans and animals. The healthcare industry provides products and services to treat patients with curative, preventive, rehabilitative or palliative care.
The healthcare industry can broadly be segmented into three categories– pharmaceuticals, medical equipment/devices and health care services and facilities.
Australia healthcare market is expected to grow from around $150 billion in 2016 to over $160 billion in 2020.
Printed Paper Diagnostics – Paper diagnostics can be used as replacement of color based tests on paper for the ease of use, storage and as effective cost measures. Assay wells are printed onto a piece of paper of the size of a postal stamp; samples such as blood, urine or sweat wick through the paper and color changes can be easily compared by users with the reference scale on the paper. It is a significant technology which can help access to 60% of the world population who do not have access to urban hospitals and medical infrastructure. Thus, this technique has scope to significantly expand the diagnostic reach and can expand the medical and diagnostic laboratories market.
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