Australia Home Healthcare Market Size & Outlook, 2023-2030
Australia home healthcare market, 2018-2030 (US$M)
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Australia home healthcare market highlights
- The Australia home healthcare market generated a revenue of USD 12,829.5 million in 2023 and is expected to reach USD 22,949.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
Home healthcare market data book summary
| Market revenue in 2023 | USD 12,829.5 million |
| Market revenue in 2030 | USD 22,949.1 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
| Key market players worldwide | B. Braun, Abbott Laboratories, Sunrise Medical, 3M Co, Baxter International Inc, Medtronic PLC, Cardinal Health Inc, Roche Holding AG ADR, Air Liquide SA, Amedisys Inc, Fresenius Medical Care AG, Arkray, Becton Dickinson & Co, OMRON Corp, Drive Medical, GE Aerospace, Medline Industries, Koninklijke Philips NV, Johnson & Johnson, Linde PLC, Vygon, Teleflex Inc, Moog Inc A, Fresenius SE & Co KGaA, Bayer AG, UnitedHealth Group Inc, Brookdale Senior Living Inc, Sunrise Senior Living, Genesis Healthcare Inc Class A, Extendicare Inc, Sonida Senior Living Inc, Home Instead |
Other key industry trends
- In terms of revenue, Australia accounted for 3.3% of the global home healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China home healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,562.9 million by 2030.
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Home Healthcare Market Scope
Home Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia home healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to home healthcare market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 84.28% in 2023. Horizon Databook has segmented the Australia home healthcare market based on equipment, services covering the revenue growth of each sub-segment from 2018 to 2030.
The market for home healthcare in Australia is growing at a considerable rate. This can be attributed to improvements in cutting-edge technology, a larger patient base, and weak regulatory standards. The prevalence of chronic diseases and rapidly aging population are two additional important factors driving the market expansion.
The Department of Health of the Australian government reported in September 2021 that 27% of all fatalities in Australia are caused by cardiovascular illnesses. One or more heart or vascular illnesses affect about 1.2 million Australians. The Global Cancer Observatory predicts that Australia will record 48,236 cancer-related deaths and 200,021 new cancer cases in 2020.
According to the Australian Institutes of Health and Welfare 2020 report, between 400,000 and 459,000 Australians are anticipated to have dementia in 2020, with Alzheimer's disease accounting for up to 70% of verified cases. Alzheimer's disease is the type of dementia that is most common in Australia. As a result, it is estimated that the market will experience increased demand for monitoring systems during the forecast period.
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Our clientele includes a mix of home healthcare market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia home healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Australia home healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia home healthcare market size, by component, 2018-2030 (US$M)
Australia Home Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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