Top Healthcare Companies in Australia

The healthcare industry in Australia is one of the largest and fastest-growing industries in the country, providing essential medical care to millions of Australians every year. According to the latest available data from 2022, the healthcare industry in Australia contributed AUD 194.4 billion to the country's Gross Domestic Product (GDP), which represents approximately 10% of the total GDP. The industry employs over 1.7 million people, making it one of the largest employers in the country. In this article, we will examine the key statistics, factors contributing to its growth and success, and key trends in the healthcare industry in Australia, including technological disruptions, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
FINDEX2,055 +61 1300 363 992
risk.enquiries@findex.com.au

Welcome to Findex, a leading provider of integrated financial advisory and accounting services in Australasia. Our mission is simple, to help our clients and the people we work with thrive. We do this by providing unrivalled advice and personalised solutions, building strong community relationships, and working with leading-edge technologies. At Findex, we embody a culture of boldness, curiosity, and meaningful change. Challenging the status quo, we push boundaries and embrace innovation without hesitation. With collaboration at our core, we deliver exceptional outcomes utilising our diverse perspectives and collective expertise. We prioritise our clients, placing them at the heart of our business providing comprehensive, holistic advice and effective financial solutions. With a commitment to keeping our promises, we deliver quality work and strive for excellence in all we do. We are building a workplace for the future, unrestrained by geography and hierarchy. A workplace that va…

ICON877 +61 1300 935 007
info.nsw@icon.co

Celebrating 160 years of success, Icon is a fully diversified builder delivering high quality buildings across Australia and New Zealand. Together, we are a team who stands for what we build. And a business that stands the test of time. The Icon business has expanded through a blend of strong organic growth, strategic mergers, acquisitions and investments. In 2015, Icon became part of Kajima Corporation, an $11 billion Japanese powerhouse with 17,000 employees across 20 countries, which gave it the financial strength that sets it apart in a competitive market. Now, the Icon Group comprises Icon Developments; Barpa, a proud and dynamic Australian indigenous construction company; Minicon, a construction company specialising in smaller and bespoke delivery of residential, commercial and institutional projects. Backed by our parent company, our financial and technical strength, depth of sector experience and capacity to deliver projects at various scales has propelled our business …

GILBERT + TOBIN964 +61 2 9263 4085
gtprivacy@gtlaw.com.au

Gilbert + Tobin is a leading independent Australian corporate law firm, advising clients on their most significant corporate transactions, regulatory matters and disputes. We provide commercial and innovative legal solutions for ASX 100 leading companies, major infrastructure and services providers as well as government and public authorities across Australia and around the world. An international leader in M&A, private equity, capital markets, competition and regulation and technology and digital, we work on complex issues that define and direct the market. Our firm is also committed to outstanding citizenship. We have a proud pro bono track record and we champion important causes, such as marriage equality and reconciliation with Australia’s Indigenous peoples. We have one of the highest proportions of women partners among major Australian law firms.

YNA YOUR NURSING AGENCY544 +61 131099
recruitment.sa@yna.com.au

Your Nursing Agency (YNA) is a leading healthcare recruitment agency providing experienced staff to hospitals, health facilities, aged care facilities and community care clients.

TEEG344 +61 2 9409 3600
enquiries@teeg.com

Positioned as one of the worlds largest Family Entertainment and Edutainment Centre groups with leading operations in the Asia Pacific region. TEEG operates across 7 countries with over 250 locations and growing. The group consists of the brands: Timezone, ZONE BOWLING, Kingpin, Timezone Play ‘N’ Learn and Timezone Air Jointly owned by Quadrant Private Equity and the Steinberg family. TEEG is looking to invest in the growing opportunity in the Leisure and Learning space throughout Australia and Asia. Quadrant Private Equity is one of the leading private equity firms with a track record of successful investments since its inception in 1996. Quadrant has extensive investment experience, having led 59 investments in the past 7 funds (with 51 exits) across a range of sectors including retail, healthcare, media, consumer foods, financial services and other sectors. Quadrant’s investors include leading Australian and global superannuation funds, investment funds, and sovereign wealth funds…

BAY AUDIO AUSTRALIA255 +61 1800 229 283
enquiries@bayaudio.com.au

Bay Audio is a specialist provider of diagnostic and rehabilitative treatment and cutting edge advice for the general public and industry professionals about hearing loss and prevention. Bay Audio has over 100 stores across Australia.

SIGMA HEALTHCARE1,547 +61 8 8947 2264
wholesale_supplier_operations@sigmahealthcare.com.au

Sigma is a leading Australian full line pharmacy wholesale and distribution business. Sigma also has one of the largest pharmacy network in Australia, with over 1,200 branded and independent stores, including some of Australia’s best known pharmacy retail brands: Amcal, Discount Drug Stores and PharmaSave. We attract talented people and have a dedicated and focused workforce achieving high performance levels for our customers, suppliers and other stakeholders. This is supported in the market place by our brand positioning, innovative and compelling retail offers, an excellent product and service range, and differentiated wholesale service model. Safety Reporting & Medical Enquiries: To report adverse events, side effects and medical enquiries, please call 1800 331 792 or email us at medicalenquiry@sigmahealthcare.com.au Please include details about the product(s), the adverse event or side effect and your contact details. Please do not provide information about another individual un…

IPN MEDICAL CENTRES546 +61 2 8288 8988
sandy.mcnab@ipn.com.au

IPN (Independent Practitioner Network) remains true to its history, a premium, experienced operator of general practices, focussed on delivering high-quality patient care. IPN is a trusted business partner to over 2,000 General Practitioners, providing quality, ethical, community-based healthcare services in over 230 locations across Australia. Doctors are supported by a team of Healthcare Professionals including practice nurses, reception and corporate services personnel. We believe in providing the highest level of service to both Doctors and patients with the utmost integrity, honesty and professionalism. We offer a diverse range of practices in metropolitan, regional and rural locations. IPN is part of Sonic Clinical Services with complementary businesses including Sonic HealthPlus, Australian Skin Cancer Clinics and the Australian Locum Medical Service.

LIFEHEALTHCARE633 +61 1800 060 168
info@lifehealthcare.com.au

LifeHealthcare is focused on providing access to world-leading medical devices for Australian and New Zealand patients, whilst ensuring long-term economic sustainability for our healthcare system. LifeHealthcare has a broad portfolio of products in various channels that include Spine, Orthopaedics, Robotics, Plastics & Reconstructive Surgery and Interventional Neuro-Vascular surgery. In May 2018 LifeHealthcare was acquired by Australasia’s largest private equity fund, Pacific Equity Partners, a market leader that has been recognised as a Top 20 Consistent Performer Globally by Prequin. Our passion is health Our purpose is making life better for others

INTEGRIA HEALTHCARE223 +61 1300 654 336
enquiries@integria.com

At Integria Healthcare we bring together the best names in natural medicine to deliver a total suite of superior, scientifically proven healthcare products. With a history that spans 70 years of science and research into herbal remedies, we are now at the forefront of natural medicine research and development. Our products are part of everyday life for millions of people around the world who are seeking natural ways to maintain long, healthy lives. Our brands include Eagle, Eagle Clinical, MediHerb, Thompsons and Thursday Plantation. Our talented people are our biggest asset and are at the heart of what we do, our success and continued growth. While our vision is what we want to achieve, our company values represent our shared beliefs on how we work together, make decisions, grow and ultimately be successful. They are our foundation. We provide an environment that is collaborative, enthusiastic and evolving and exudes passion in our field, where people feel recognised and rewarded…

COHEALTH531 +61 131450
feedback@cohealth.org.au

cohealth is a not-for-profit community health organisation that strives to improve health and wellbeing for all and lead the way in reducing health inequity in partnership with people and the communities in which they live. At cohealth, we’re proud of our workforce diversity. It is our priority to have a workforce that reflects the diversity of the community we’re serving, as we know that makes us a stronger organisation. We value people of all experiences and identities, including all cultural backgrounds, faiths, gender identities, sexualities and abilities. Our inclusive workplace culture enables staff to bring their whole selves to work, where uniqueness is valued, and people experience a feeling of belonging. We acknowledge the traditional custodians of the land on which our offices stand and pay respects to Elders past and present. We acknowledge the sorrow of the Stolen Generations and the impacts of colonisation on Aboriginal and Torres Strait Islander people. We also recogn…

AVANT MUTUAL513 +61 2 9260 9000
memberservices@avant.org.au

Avant Mutual is Australias leading doctors’ mutual. We are an organisation created by doctors, for doctors. We support over 75,000 healthcare professionals and students with a range of products and services, including medical defence and indemnity insurance. Our products are designed to protect our members both professionally and personally, to safeguard their career and reputation and protect them and their families. Our mutual structure, heritage and ethos ensure that our members are at the centre of everything we do. Avant operates nationally with offices in New South Wales, Victoria, Queensland, Tasmania, South Australia, ACT and Western Australia.

AUSTRALIAN DIGITAL HEALTH AGENCY507 +61 132307
help@digitalhealth.gov.au

Tasked with improving health outcomes for Australians through the delivery of digital healthcare systems and the national digital health strategy for Australia, the Australian Digital Health Agency (the Agency) commenced operations on 1 July 2016. Better use of data and technology can help people live healthier, happier and more productive lives. Digital health can make a real difference to people’s health by giving them greater control and better access to information. The Agency has a lead role in national engagement, delivery and uptake of digital health in Australia to support and enable a contemporary, connected healthcare system, accessible to all Australians and embraced by all healthcare professionals. The Agency partners with healthcare professionals, industry and governments to drive and provide digital technologies across the health ecosystem and engages with healthcare consumers to improve their healthcare journey, with a focus on access and equity for those who nee…

EASTERN HEALTH4,563 +61 1300 342 255
consumers@easternhealth.org.au

Eastern Health is one of Melbournes largest metropolitan public health services. We provide a range of emergency, surgical, medical and general healthcare services, including maternity, palliative care, mental health, drug and alcohol, residential care, community health and statewide specialist services to people and communities that are diverse in culture, age, socio-economic status, population and healthcare needs. Eastern Health Values in action: Respect for All, Safe Always, Partnering in Care, Learning and Improving Everyday.

INFORMA AUSTRALIA162 +61 2 9080 4300
enquiries@informa.com.au

Welcome to Informa Connect Australia - the nations leading conference organiser - on Linkedin! Informa Australia produces 200 conferences, 30 exhibitions, and 500+ training courses a year across these industries and sectors: resources and mining; maritime and transport; finance, IT&T, healthcare, defence and government. Each year across the group we bring together approximately 1.1 million professionals from every corner of every continent, all looking to meet, network and do business. Follow us for regular updates about upcoming conferences and program launches, exclusive industry and sector insights, special promotions and more. Stay ahead by joining our community groups below, dedicated to bringing you the latest about these industries respectively: Rail Network Australasia >> http://ow.ly/YJh8R Transport Infrastructure Australia >> http://ow.ly/YJhQJ Global Ports & Marine Operations>>http://ow.ly/YJl6Y Healthcare Professionals Australia >>http://ow.ly/YJlVl Australian…

ROYAL AUSTRALIAN AND NEW ZEALAND COLLEGE OF PSYCHIATRISTS (RANZCP)254 +61 1800 337 448
ranzcp@ranzcp.org

The Royal Australian and New Zealand College of Psychiatrists (RANZCP) is responsible for training, educating, and representing psychiatrists in Australia and New Zealand. Psychiatrists are medical doctors who undertake additional training to qualify as specialists in the treatment of mental illness. The RANZCP has branches in every Australian state and territory, a head office in Melbourne, as well as a national office in Wellington, New Zealand. Our vision is to achieve excellence and equity in the provision of mental healthcare. Our purpose is to support our members, advance psychiatry, and advocate for the best mental health outcomes for our communities. For more information about the College, go to www.ranzcp.org. If you are a medical student interested in learning more about psychiatry, visit ranzcp.org/pif

4CYTE PATHOLOGY393 +61 134298
support@4cyte.com.au

4Cyte Pathology is an independent specialist medical laboratory and pathology provider based in NSW and Victoria, Australia. Our pathology professionals are highly regarded in their respective fields, with many having held peak clinical, scientific and pathology leadership roles in Australia’s leading private and public medical / pathology laboratories. 4Cyte was founded in 2018 by James Bateman with the stated aim of combining world-leading pathology expertise together with the latest analytical technology to deliver improved diagnostic insights to clinicians and their patients. We are Australia’s only multi-state independent specialist private medical laboratory, providing a comprehensive range of specimen collection and testing services including: haematology, chemistry, toxicology, microbiology, cytology, molecular diagnostics, cardiology and infectious serology. If we can assist your medical practice and your patients, or to express interest in joining our expanding 4Cyte team…

MATER3,252 +61 7 3163 2329
consumers@mater.org.au

Caring for the health of the community for more than a century, Mater brings together a collective expertise across health, education and research, with a shared vision of empowering people to live better lives through improved health and wellbeing. Mater’s commitment to our Mission compels us to change to meet the needs of our community and the environment in which we operate. This means moving beyond the hospital, the classroom and the laboratory, being closer to our consumers and delivering new products, programs and services to meet emerging community needs. In an emergency call Triple Zero (000). Call 13 HEALTH (13 43 25 84) for health advice 24/7.

AUSTRALIAN AND NEW ZEALAND COLLEGE OF ANAESTHETISTS182 +61 3 9510 6299
servicedesk@anzca.edu.au

We are the regions foremost authority on anaesthesia, pain medicine and perioperative medicine. Were responsible for training, assessing, and setting standards for all specialist anaesthetists and specialist pain medicine physicians wishing to practice in Australia and New Zealand. As a proudly bi-national college, we offer our training, research, and lifelong learning programs on both sides of the Tasman, and work closely with the governments, healthcare services, and communities in each country on a wide range of issues. We also play a significant role in advancing global health. Take a look at who we are, how we work, where weve come from, and where were going on our website.

SYDNEY CHILDRENS HOSPITALS FOUNDATION (SCHF)162 +61 1800 770 122
info@schf.org.au

One of the largest and most trusted kids health charities in the country, Sydney Children’s Hospitals Foundation (SCHF) raises funds to help provide all children with access to the best possible healthcare, whenever and wherever they need it. Weve been delivering on this promise for the last 35 years, raising millions every year for a collective of two major children’s hospitals, specialised care services and cutting edge paediatric research operating across NSW. A conduit, an enabler and a mechanism for powerful change, we make sure that funds raised go directly to the front line of children’s health care - from the hospitals wards to the treatment rooms, the research labs to the outreach programs. We truly believe there is no possible greater impact for a donated dollar in kids’ health.

Top Healthcare Companies in Australia

Factors Contributing to Growth and Success

The healthcare industry in Australia has experienced significant growth over the years, and several factors have contributed to this success. The Australian government's commitment to healthcare is one of the most critical factors. The government has invested heavily in healthcare, with over AUD 110 billion allocated to healthcare expenditure in the 2022 budget. This funding has been used to improve access to medical services, increase the availability of medical technology, and enhance research and development in the field.

Another factor contributing to Australia's healthcare industry's growth and success is the aging population. As the population ages, the demand for healthcare services has increased, leading to increased investment in the industry. In addition, advances in medical technology have enabled healthcare professionals to provide more effective treatments, resulting in better patient outcomes.

Industry Growth and Comparison

The composition of the industry is diverse and includes hospitals, medical and diagnostic laboratories, medical and surgical equipment manufacturing, and pharmaceutical manufacturing, among others.

The healthcare industry in Australia has continued to grow over the years, with the most recent data showing a 4.7% increase in the industry's revenue. The hospital industry saw the highest growth, with an increase of 6.2%, followed by the pharmaceutical industry with a growth rate of 5.1%. The medical and diagnostic laboratories industry grew by 3.8%, while the medical and surgical equipment manufacturing industry saw a growth rate of 2.6%.

Key Trends

The healthcare industry in Australia is experiencing several key trends, including technological disruptions. One of the most significant technological disruptions in the industry is the increasing use of telehealth services. Telehealth services allow healthcare professionals to provide medical care to patients remotely, reducing the need for face-to-face consultations. This technology has been particularly important during the COVID-19 pandemic, as it has allowed healthcare professionals to continue providing patient care while minimizing the risk of transmission.

Another significant trend in the healthcare industry in Australia is the use of electronic health records (EHRs). EHRs allow healthcare professionals to access patient information quickly, improving patient care and reducing the likelihood of medical errors. The Australian government has invested in implementing EHRs to have a national EHR system in place by 2022.

Challenges

Despite the significant growth and success of the healthcare industry in Australia, several challenges remain. One of the most significant challenges is the rising cost of healthcare. As the population ages and the demand for healthcare services increases, the cost of providing medical care is also rising. This trend will likely continue in the future, and healthcare providers will need to find ways to provide high-quality care while managing costs.

Another challenge facing the healthcare industry in Australia is the shortage of healthcare professionals, particularly in rural and remote areas. The government has implemented several initiatives to address this issue, such as funding medical education and training programs and incentives for healthcare professionals working in rural and remote areas.

Future Outlook of the Healthcare Industry

The healthcare industry in Australia is expected to continue to grow in the coming years, driven by an aging population and increasing rates of chronic diseases. Adopting digital health technologies is also expected to increase, with telehealth and electronic health records becoming standard healthcare practices.

To address the challenges facing the healthcare industry, the government has introduced several initiatives, including the National Digital Health Strategy, which aims to improve the adoption of digital health technologies, and the Health Workforce Innovation Fund, which aims to address workforce shortages and improve access to healthcare services in rural and remote areas.

Conclusion

In conclusion, the healthcare industry in Australia plays a critical role in ensuring the health and well-being of the population. Despite facing several challenges, including an aging population, rising rates of chronic diseases, and workforce shortages, the industry continues to grow and evolve, driven by technological disruptions and government initiatives. As the industry continues to grow, it is essential to address its challenges to ensure that all Australians have access to high-quality, affordable healthcare services.

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By Melissa Goh
Published on 10 May 2023