Australia's home healthcare market is projected to grow from $4.3 Bn in 2022 to $8.9 Bn by 2030, registering a CAGR of 9.43% during the forecast period of 2022-30. Because of the rising older population and the increasing number of people motivated to fight ailments including heart problems, diabetes, and various respiratory illnesses, the Australia home healthcare market is expanding at a promising CAGR. The market is segmented by solution, by deployment, and by end-use. There are a number of private companies that provide home healthcare services in Australia, including Bupa, NIB Health Funds, and HCF.
Australia's home healthcare market is projected to grow from $4.3 Bn in 2022 to $8.9 Bn by 2030, registering a CAGR of 9.43% during the forecast period of 2022-30.
Australia is a developed, rich nation with a robust economy that is widely diversified. It is the sixth-biggest economy in the Asia-Pacific region and the 13th-largest economy overall. Many industries, including mining, agriculture, manufacturing, and services, are the main drivers of the Australian economy. Australia's gross domestic product (GDP) was about $1.725 trillion as of 2022. In 2019–2020, Australia is expected to spend $202.5 billion on health-related goods and services, or $7,926 per person.
Australia is a substantial producer of agricultural goods like wheat, sugar, and dairy products as well as a major exporter of natural resources like coal, iron ore, and natural gas. While the services sector is the largest contributor to the economy, accounting for over 70% of GDP, the manufacturing sector is varied in the nation with a focus on high-tech and sophisticated manufacturing.
Since more people choose to get medical treatment and support in the convenience of their own homes, the home healthcare market in Australia is expanding as a part of the healthcare sector. The aging of the population, improvements in medical technology that enable more types of treatment to be provided at home, and the desire of many patients to avoid hospital stays and get care in a more familiar and comfortable environment are some of the causes driving this trend.
In Australia, home healthcare services are typically provided by a range of providers, including government agencies, non-profit organizations, and private companies. These services may include nursing care, physiotherapy, occupational therapy, speech therapy, and other types of medical and support services.
Market Growth Drivers and Restraints
Because of the rising older population and the increasing number of people motivated to fight ailments including heart problems, diabetes, and various respiratory illnesses, the Australia home healthcare market is expanding at a promising CAGR. Additionally, home healthcare equipment in Asia-Pacific is still in its infancy. These factors have been propelling home healthcare technology during the review period and will continue to do so. The Australia home healthcare market's growth would be restricted, nonetheless, by the high price in addition to the problems with payback associated with the choice of home healthcare devices. In addition, rising healthcare costs across the board are a significant driver of the Asia Pacific home healthcare market's expansion.
Key Players
There are a number of key players in the home healthcare market in Australia, including:
Government agencies: The federal and state governments in Australia provide a range of home healthcare services through public hospitals and community health centers. These services may include nursing care, physiotherapy, occupational therapy, and other types of medical and support services.
Non-profit organizations: There are also a number of non-profit organizations that provide home healthcare services in Australia, such as the Red Cross, Meals on Wheels, and Silver Chain Group. These organizations often rely on donations and government funding to support their services.
Private companies: There are also a number of private companies that provide home healthcare services in Australia, including
These companies offer a range of services, including nursing care, physiotherapy, and occupational therapy, and may also offer home modification services and assistive technology to help people live independently at home.
Individual caregivers: Many people in Australia also receive home healthcare services from individual caregivers, such as family members or private contractors. These caregivers may provide a range of services, including personal care, nursing, and home maintenance.
According to the Therapeutic Goods Act 1989 (Cth) and its delegated legislation, the Therapeutic Goods Administration (TGA), the Commonwealth regulator, is responsible for overseeing the regulation of therapeutic goods in Australia, including prescription drugs, over-the-counter drugs, complementary medicines, medical devices, and certain blood and blood products. The TGA is in charge of examining, judging, and keeping track of products that are produced or supplied in, exported from, or imported into Australia.
1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Device Type (Revenue, USD Billion):
Based on the Device Type the market is segmented into Testing, Screening, Monitoring Devices, Therapeutic Home Healthcare Devices, and Mobility Assist.
By Service Type (Revenue, USD Billion):
By Indication Type (Revenue, USD Billion):
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