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Radiologists in Australia Industry Data and Analysis
The industry has experienced strong, sustained growth over the past decade, underpinned by rapid advancements in diagnostic imaging technology and an ageing population. This demographic shift has driven increased demand for complex modalities like MRI and CT scans, catalysing revenue expansion as radiologists specialising in these procedures command higher fees. However, the supply of qualified clinical radiologists has failed to keep pace with surging demand, leading to increased workloads and capacity pressures, a challenge exacerbated by disruptions to skilled migration during the pandemic. As a result, substantial disparities remain between urban and regional healthcare access, with most radiologists concentrated in major cities, prompting healthcare providers to adopt solutions like teleradiology and fly-in fly-out services for underserved areas. Industry revenue is expected to rise at an annualised 6.3% over the five years through 2025-26 to $2.3 billion. This trend includes growth of 3.1% anticipated in 2025-26 due to improved indexation of Medicare benefit rebates and higher out-of-pocket patient fees for higher end modalities.
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What's included in this industry analysis
IBISWorld's research coverage on the Radiologists industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Radiologists industry in Australia operates under the ANZSIC industry code OD5709. Radiologists diagnose or treat patients using various forms of diagnostic imaging, including X-ray, computed tomography (CT) scans, magnetic resonance imaging (MRI), ultrasound and nuclear medicine imaging. Clinical radiologists specialise in interpreting and reporting on diagnostic imaging as well as providing some treatment for patients in certain contexts. Related terms covered in the Radiologists industry in Australia include x-ray, dual-energy x-ray absorptiometry, positron emission tomography (pet), magnetic resonance imaging (mri), teleradiology, computerised tomography (ct) and fluoroscopy.
What's included in this industry?
Products and services covered in Radiologists industry in Australia include Diagnosis, Treatment and Other services.
What companies are included in this industry?
The Radiologists industry in Australia is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Radiologists industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Radiologists industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Radiologists industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Radiologists industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Radiologists industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Radiologists industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Radiologists industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Radiologists industry in Australia.
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Frequently Asked Questions
What is the market size of the Radiologists industry in Australia in 2026?
The market size of the Radiologists industry in Australia is $2.3bn in 2026.
How many businesses are there in the Radiologists industry in Australia in 2025?
There are 1,529 businesses in the Radiologists industry in Australia, which has grown at a CAGR of 4.8 % between 2020 and 2025.
Has the Radiologists industry in Australia grown or declined over the past 5 years?
The market size of the Radiologists industry in Australia has been growing at a CAGR of 6.3 % between 2020 and 2025.
What is the forecast growth of the Radiologists industry in Australia over the next 5 years?
Over the next five years, the Radiologists industry in Australia is expected to grow.
What does the Radiologists industry in Australia include?
Diagnosis and Treatment are part of the Radiologists industry in Australia.
How competitive is the Radiologists industry in Australia?
The level of competition is moderate and increasing in the Radiologists industry in Australia.
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