$4.9bn
$XXX.Xm
28,189
480
$X.Xbn
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, although the lack of MBS indexation is eroding industry profit margins.
Industry revenue has grown at a CAGR of 0.3 % over the past five years, to reach an estimated $4.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Sonic Healthcare | 1,910.0 | |
Healius | 1,240.0 | |
Australian Clinical Labs | 660.0 |
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Industry revenue is measured across several distinct product and services lines, including Other clinical pathology, Chemical pathology and Anatomical pathology. Other clinical pathology is the largest segment of the Pathology Services in Australia.
Automation benefits chemical pathology providers
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.
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ANZSIC 8520 - Pathology Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Private pathology providers played a central role in providing COVID-19 testing services. This created a new revenue stream, with private pathology providers benefiting from ...
Learn about an industry's products and services, markets and trends in international trade.
The Pathology Services industry provides a range of specialised services. Industry services are divided according to the type of medical inquiry they respond to, the type of ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The supply of pathology services by state and territory largely reflects the residency and age distributions of the population throughout Australia. Eastern seaboard states a...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Despite the dominant position of the three largest pathology providers, the Pathology Services industry is still a highly competitive industry. Smaller pathology providers of...
Learn about the performance of the top companies in the industry.
The largest three players dominate the industry, accounting for over three-quarters of industry revenue and over 80% of approved collection centres. The majority of Medicare ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Under Australia's national health insurance scheme, Medicare benefits are payable for privately provided pathology services. Benefits are based on the Medicare Benefits Schem...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Recent consolidation has partially supported profit margins, with the larger pathology providers benefiting from economies of scale. The construction of large central laborat...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Pathology Services industry in Australia is $4.9bn in 2024.
There are 480 businesses in the Pathology Services industry in Australia, which has grown at a CAGR of 6.4 % between 2019 and 2024.
The market size of the Pathology Services industry in Australia has been growing at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Pathology Services industry in Australia is expected to grow.
The biggest companies operating in the Pathology Services market in Australia are Sonic Healthcare, Healius and Australian Clinical Labs
Chemical pathology and Anatomical pathology are part of the Pathology Services industry.
The company holding the most market share in Australia is Sonic Healthcare.
The level of competition is high and increasing in the Pathology Services industry in Australia.