$4.7bn
$XXX.Xm
37,417
6,903
$X.Xbn
Beneficial trends have fuelled growth in the Other Health Services industry over the past few years. The population aged over 50 has been growing. Since many industry services like podiatry and home care nursing are primarily used by older individuals, this trend has benefited revenue growth. Revenue is expected to climb at an annualised 2.8% to $4.7 billion over the five years through 2023-24. This trend includes a drop of 1.2% in 2023-24, on the back of lower public health expenditure in 2022-23; but the industry is set to make a rapid recovery.Lockdowns and Alert Level 3 and 4 restrictions associated with the COVID-19 pandemic temporarily interrupted operations. Health providers could no longer provide in-person services, causing delays and cancellations among many patients. However, most patients rebooked after lockdowns ended, meaning that lockdowns didn't influence overall industry trends in the long term. Online telehealth services also dampened the pandemic's effects on performance. Telehealth services meant that people could access psychological and other services remotely, which has benefited people with disabilities or those in remote areas who cannot easily travel to see other health service providers in-person.The ageing population is set to fuel continued growth in revenue and participation in the coming years. Consumers are also likely to become more accepting of alternative health services as COVID-19-related pressures ease, including acupuncture, homeopathy, hypnotherapy, massage therapy and naturopathy. While these treatments mainly appealed to niche groups in the past, more organisations will be accepting their perceived benefits and encouraging their use as substitutes or complementary services to mainstream health care. More health insurance companies are therefore set to cover these services in their higher-tier plans, encouraging more demand. Alternative health therapies also tend to be associated with higher prices, helping to keep profit margins on the rise. Overall, revenue is forecast to climb at an annualised 1.1% to $5.0 billion over the five years through 2028-29, as demand continues to ramp up for alternative health therapies and services popular among older individuals – like home care nurses, podiatry and hearing aid dispensing.
Industry revenue has grown at a CAGR of 2.8 % over the past five years, to reach an estimated $4.7bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 |
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There are no companies that hold a large enough market share in the Other Health Services in New Zealand industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Allied health services , Alternative health therapies and Audiology . Allied health services is the largest segment of the Other Health Services in New Zealand.
Allied health services' revenue share has shrunk because of slower growth relative to other segments
Industry players mainly provide allied and other health services, like alternative health therapy, audiology, dietitian, drug referral, family planning, midwifery, nursing, occupational therapy, podiatry, psychology and other health services. While the industry includes contractors working in hospitals, services that hospitals conduct internally are excluded. All chiropractic, osteopathic and physiological services are also excluded.
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ANZSIC 8539 - Other Health Services in New Zealand
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
New Zealand’s population is ageing, with an expanding population of individuals aged over 50. Since many industry services are mainly used by older individuals, the trend has...
Learn about an industry's products and services, markets and trends in international trade.
Some organisations discouraged uptake of alternative health therapies after the COVID-19 outbreak. This trend dampened demand from this segment, while encouraging demand for ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Providers tend to locate themselves in populous areas. Since Auckland is New Zealand’s largest city, this area attracts more activity and entices businesses to set up shop.
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.
Health service providers tend to compete on price, service quality, location and eligibility for private health insurance. Since many services don’t receive funding, service ...
Learn about the performance of the top companies in the industry.
The Other Health Services industry does not have any major players. The industry is highly fragmented, which means that providers can find it difficult to achieve economies o...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Some other health services have relevant regulatory boards. Podiatrists need to be registered with the Podiatrists Board of New Zealand, which adheres to a specific regulator...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rising prices and public health expenditure in most years have benefited profit margins. While only some services are subsidised by the government, some of them – like podiat...
Including values and annual change:
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Key data sources in New Zealand include:
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The market size of the Other Health Services industry in New Zealand is $4.7bn in 2024.
There are 6,903 businesses in the Other Health Services industry in New Zealand, which has grown at a CAGR of 5.2 % between 2018 and 2023.
The market size of the Other Health Services industry in New Zealand has been growing at a CAGR of 2.8 % between 2018 and 2023.
Over the next five years, the Other Health Services industry in New Zealand is expected to grow.
Allied health services and Alternative health therapies are part of the Other Health Services industry.
The level of competition is moderate and increasing in the Other Health Services industry in New Zealand.