Australia Aged Care Market Size, Share, Report 2025-33

Australia Aged Care Market Size, Share, Trends, and Forecast by Services, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A28837

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Australia Aged Care Market Overview:

The Australia aged care market size reached USD 32.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 61.0 Billion by 2033, exhibiting a growth rate (CAGR) of 6.70% during 2025-2033. The rising aging population, the increasing demand for personalized and high-quality care services, government funding and reforms aimed at improving care standards, advancements in healthcare technology, and a growing emphasis on in-home and community-based care are some of the key factors propelling the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 32.2 Billion
Market Forecast in 2033	USD 61.0 Billion
Market Growth Rate (2025-2033)	6.70%

Australia Aged Care Market Trends:

Rising Aging Population

The growing number of elderly Australians facilitates the requirement for aged care services and facilities, as more individuals require assistance and support as they age. According to industry reports, by 2026, more than 22% of people in Australia will be aged over 65 years and above from 16% in 2020, which was already double of the 8.3% during 1970s beginning. The ratio of old-age dependency is the number of people aged 65 years or more than for every 100 individual of conventional working age 15-64. It is anticipated to increase significantly by the year 2063, with every five working-age individual there will be around two older person.

Growing Favorable Government Initiatives and Funding

Government policies and increased funding to improve care standards and expand aged care services contribute significantly to market growth, supporting residential and in-home care options. For instance, in September 2024, The Australian Government deployed the Aged Care Bill 2024 to Parliament. The Bill is for a new Aged Care Act, with the main law defining how the aged care system operates. It will offer key aged care reforms. The Bill targets to enhance the lives of older people availing aged care solutions in residential aged care homes, community settings, or their homes. It also encourages aged care providers to deliver high-quality care. The proposed rights-based law addresses around 60 Royal Commission into Aged Care Quality and Safety recommendations. It incorporates feedback from several public consultations we’ve led about the aged care reforms and the new law. It responds to the Aged Care Taskforce about sustainably funding aged care into the future. The Bill will be provided to the Senate Community Affairs Legislation Committee for report and inquiry. During this period, the department will accept feedback for certain policies that will be enveloped under the new law. The new Aged Care Act is anticipated to be implemented from 1 July 2025.

Australia Aged Care Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on services and application.

Services Insights:

Home Healthcare
Non-medical health Care
Institutional Care
Hospital based care
Others

The report has provided a detailed breakup and analysis of the market based on the services. This includes home healthcare, non-medical health care, institutional care, hospital based care, and others.

Application Insights:

Medical Care
Rehabilitation
Assistance

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes medical care, rehabilitation, and assistance.

Regional Insights:

Australia Capital Territory & New South Wales
Victoria & Tasmania
Queensland
Northern Territory & Southern Australia
Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Aged Care Market News:

In August 2024, The Australian Department of Health and Aged Care expanded two more contracts to Accenture to aid with delivering IT abilities in the aged care sector for upcoming two years. Particularly, Accenture is tasked with the development and deployment of workforce application services on the Salesforce MuleSoft platform.
In July 2023, Touchbio announced its partnership with the Aged & Community Care Providers Association (ACCPA). ACCPA, a leader in the aged care sector, shares its aim of improving the quality of life for Australia's elderly demographic. With a focus on sustainable, innovative, and person-centered care services, ACCPA resonates with our commitment to our "Protection, Detection, and Treatment" health journey.

Australia Aged Care Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Services Application Region
Services Covered	Home Healthcare, Non-Medical Health Care, Institutional Care, Hospital Based Care, Others
Applications Covered	Medical Care, Rehabilitation, Assistance
Regions Covered	Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Australia aged care market performed so far and how will it perform in the coming years?
What is the breakup of the Australia aged care market on the basis of services?
What is the breakup of the Australia aged care market on the basis of application?
What is the breakup of the Australia aged care market on the basis of region?
What are the various stages in the value chain of the Australia aged care market?
What are the key driving factors and challenges in the Australia aged care market?
What is the structure of the Australia aged care market and who are the key players?
What is the degree of competition in the Australia aged care market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia aged care market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia aged care market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia aged care industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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