Specialist Medical Services in New Zealand - Industry Market Research Report

Demanding: Industry Service Demand Rises as the Number of New Zealanders Aged Over 65 Climbs

Specialist Medical Services in New Zealand

The Specialist Medical Services industry has grown moderately over the past five years, with robust growth over much of the period being partially offset by a steep decline early in the COVID-19 pandemic. New Zealand's population aged 50 years and over has increased over the period, supporting industry revenue growth. Older individuals are typically more susceptible to chronic diseases and disorders that require treatment by specialist medical practitioners. Therefore, demand for specialist medical services tends to increase as this cohort expands. General population growth over the past five years has also boosted industry demand, as greater numbers of people have required specialist medical treatment. Industry revenue is expected to rise at an annualised 2.8% over the five years through 2022-23, to reach $1.7 billion. This includes an anticipated fall of 0.7% in the current year, as public health expenditure on health reduces after rising sharply the year prior.

Industry firms primarily provide specialist medical services. Specialist medical practitioners often operate private or group practices in medical clinics or centres. The industry excludes pathology and diagnostic imaging services.

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.