Physiotherapy Services industry revenue has been driven by an ageing population in need of frequent treatment
Melbourne, Australia (PRWEB) August 04, 2012
Physiotherapy services can offer a cost-effective way to prevent disabilities from becoming chronic conditions and can accelerate recovery times from surgery, and musculoskeletal and neurological injuries. According to IBISWorld industry analyst Nigel Fitzpatrick, “the ageing of the Australian population, along with an increase in the incidence of chronic diseases, will boost demand for the physiotherapy services”. The Physiotherapy Services industry is expected to generate revenue of about $1.51 billion in 2012-13. Physiotherapy Services industry revenue is forecast to grow at an annualised 6.4% in the five years through 2012-13, including an increase of 4.0% in the current year.
Physiotherapy Services industry growth will be promoted over this period by growing household incomes and wealth, as households with higher incomes spend more on average on industry services, compared with households with lower incomes. Fitzpatrick adds, “it will also be promoted by an increase in the proportion of the population with private health insurance coverage, as health insurance can help to reduce the out-of-pocket cost of physiotherapy services”. Greater participation in the Medicare system and an ageing of the Australian population (older people are more likely to suffer conditions that physiotherapists can treat) will also positively affect demand. Physiotherapists will provide more preventative healthcare services, such as in the areas of incontinence and the reduction of falls by older Australians. However, physiotherapy labour shortages in some areas could have a negative effect on industry growth.
Physiotherapy Services industry revenue is forecast to increase in the five years through 2017-18. Growth will be promoted by favourable demographic trends and mounting acceptance of the benefits of physiotherapy.
For more information, visit IBISWorld’s Physiotherapy Services report in Australia industry page.
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IBISWorld industry Report Key Topics
This industry is made up of companies that mainly provide physiotherapy services.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
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