Australia Home Healthcare Market Report 2022 to 2030

Australia Home Healthcare Market Analysis

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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 Australian 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.

ID: IN10AUHS010 CATEGORY: Healthcare Services GEOGRAPHY: Australia AUTHOR: Shivam Zalke

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Australia Home Healthcare Market Executive Summary

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.

Australia home healthcare market analysis

Market Dynamics

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.

Competitive Landscape

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

Bupa,
Medibank Private
Australian Unity
Allianz
NIB Health Funds
HCF

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.

Healthcare Policies and Regulatory Landscape

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

Australia Home Healthcare Market Segmentation

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.

Testing, Screening, and Monitoring Device
Blood Glucose Monitors
Blood Glucose Monitors
Blood Pressure Monitors
Heart Rate Monitors
Temperature Monitors
Sleep Apnea Monitors
Coagulation Monitors
Ovulation and Pregnancy Test Kits
Pulse Oximeters
Home Hemoglobin A1C Test Kit

Therapeutic Home Healthcare Devices
Oxygen Delivery Systems
Nebulizers
Ventilators
Sleep Apnea Therapeutic Devices
Wound Care Products
IV Equipment
Dialysis Equipment
Insulin Delivery Devices
Inhalers
?Other Therapeutic Products (ostomy devices, automated external defibrillators (AEDs)

Mobility Assist
Walkers and Rollators
Wheelchairs
Canes
Crutches
?Mobility Scooters

By Service Type (Revenue, USD Billion):

Skilled Nursing Services
Rehabilitation Therapy Services
Hospice and Palliative Care Services
Unskilled Care Services
Respiratory Therapy Services
Infusion Therapy Services
Pregnancy Care Services?

By Indication Type (Revenue, USD Billion):

Cardiovascular Disorders & Hypertension
Diabetes
Respiratory Diseases
Pregnancy
Mobility Disorders
Hearing Disorders
Cancer
Wound Care
Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.