Pathology Services in Australia - Market Research Report (2014-2029)

Bloody great: Despite COVID-19 testing cuts, long-term demographic factors will drive benign growth

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Pathology services providers supply vital information to help doctors diagnose and manage various diseases. Continual technological developments are increasing the range of available tests, boosting the range of pathology referrals. Australia's ageing population and the increased prevalence of chronic illnesses are also driving strong underlying demand for health services and associated referrals for pathology services. Medicare funding is supporting this demand, with the number of Medicare-funded services steadily rising. This strong volume growth is also supporting profit margins, with the larger players benefitting from economies of scale.

Pathology providers operate pathology laboratories and collection centres. Pathology services that are provided by public laboratories operating within general hospitals are not included in the industry.