The Austria home healthcare market was valued at $1.45 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030 and will reach $2.67 Bn in 2030. One of the main reasons propelling the growth of this market is the introduction of newer technologies, and the aging population. The market is segmented by component and product. Some key players in this market are AIS 24 home care, Age1 Home Care, BestCare 24, Help 24, Mobile home nursing Aneter, Curafides
The Austria home healthcare market was valued at $1.45 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.93% from 2022 to 2030 and will reach $2.67 Bn in 2030. The Austrian home care market experienced a minor dip in current value terms in 2021, as the impact of the Coronavirus (COVID-19) epidemic diminished this year. Following the substantial rise seen in 2020, sales remained greater than pre-pandemic levels. The growth surge in 2020 occurred when the virus arrived in Austria, causing consumers to spend significantly more time at home than usual due to lockdowns, remote working/learning, and mobility restrictions.
Home healthcare services in Austria are delivered by a range of providers, including hospitals, private companies, and non-profit organizations. The market is highly fragmented, with several small and medium-sized enterprises operating in the sector.
Market Growth Drivers
The aging population in Austria is increasing, leading to a higher demand for home healthcare services. Austria's population is aged 65 and up was 19.8% in 2022. Austria's population aged 65 and up increased at an annual rate of 0.65% from 14.4% in 1973 to 19.8% in 2022. The growing incidence of chronic diseases such as diabetes and heart disease is driving the demand for home healthcare services. The Austrian government is supportive of home healthcare services, providing funding and resources for its growth. Increased awareness of the benefits of home healthcare services is leading to a higher demand for these services. Technological advancements have made healthcare devices portable, user-friendly, and more convenient for patients at home or traveling. The introduction of newer technologies in this market has greatly boosted the current communication flow between patients and healthcare providers, enabling better, faster, and more effective care.
Market Restraints
Home healthcare services can be fragmented and disconnected from other healthcare services, making it difficult to provide coordinated care to patients. There is a shortage of public funding for home healthcare services, leading to difficulties in securing adequate reimbursement for services. Many areas in Austria lack the infrastructure necessary to provide home healthcare services, such as adequate transportation and communication systems at the same time Many home healthcare providers do not have access to the latest technologies and innovations in home healthcare, which can limit the range of services they can provide. The protection of sensitive patient information is a concern in the home healthcare sector, as it requires the handling and storage of large amounts of personal data.
Key Players
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):
Methodology for Database Creation
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1. Secondary Research
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2. Primary Research
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Combining Secondary and Primary Research
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