Hospitals in New Zealand - Industry Market Research Report

Healthy futures: New national healthcare system to boost industry growth and health outcomes

The Hospitals industry has grown over the past five years. The COVID-19 pandemic has had a mixed effect on industry revenue, with public hospitals requiring additional support and assistance through the COVID-19 pandemic. In contrast, private hospitals have faced reduced demand for elective surgeries as a result of the pandemic, weakening growth in the private sector. Overall, an increase in the number of New Zealanders aged over 50 has contributed to industry revenue growth over the period. Public hospitals operate as not-for-profit organisations, with surplus funds reinvested into the hospital. Conversely, private hospitals generate profit through the premiums paid by members. Industry revenue is expected to increase at an annualised 2.2% over the five years through 2022-23, to $22.9 billion. This trend includes growth of 1.0% in the current year, with continued growth in public funding for hospitals and the return to more normalised output in the private sector.

Hospitals provide surgical, medical and diagnostic services, and continuous medical care for inpatients. Operators that provide both hospital facilities and training of medical and nursing staff are also included in the industry. Psychiatric hospitals are excluded from the industry.

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.