Australian Home Healthcare Market Insights and In-Depth Analysis 2023-2028 with Types, Products and Key Players

Report Overview

The Australian Home Healthcare market size was valued at USD xx billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of xx% from 2019 to 2028.

Rapid growth in the elderly population and the rising incidence of chronic diseases, growing need for cost-effective healthcare delivery due to the increasing healthcare costs, and technological advancements of home care devices. In 2017, there were 3.8 million Australians aged 65 and over (comprising 15% of the total population). The number and proportion of older Australians are expected to continue to grow. The aging population demands more patient-centric healthcare services, which in return increases the demand for healthcare workers and agencies and is anticipated to drive market growth.

Market Drivers

The growth of the aging population segment will boost the demand for healthcare and significantly increase the burden on governments and health systems as the aging population is more prone to chronic diseases. This will prove favorable to the market for home healthcare, which can enhance the overall reach of and access to healthcare while reducing unnecessary visits, hospital admissions & readmissions, and the time and costs involved in traveling to meet healthcare professionals.

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Major Players

Key Players in the Australian market for the Home Healthcare market are Bayer AG, Cardinal Health, Inc., Abbott Laboratories, GE Healthcare, Gentiva Health Services, Inc., Johnson & Johnson Services, Inc., Invacare Corporation, 3M Health Care, Phillips Healthcare, F. Hoffmann-La Roche Ltd., Omron Healthcare, Inc., and Medtronic Inc.

The Australian Home Healthcare Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Australian Home Healthcare market. This report explores all the key factors affecting the growth of the global Australian Home Healthcare market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Market Segmentation

By Device Type:

Based on device type, the market is segmented into Diagnostics and Monitoring Devices, Mobility Assist Devices, Therapeutic Home Health Devices, & Medical Suppliers. The therapeutic segment held the largest revenue share of over 40% in 2019. Home respiratory therapy equipment dominated the therapeutic segment owing to the increasing demand for treatment and assessment of cardiopulmonary disorders such as bronchitis, asthma, COPD, and others. It includes equipment such as C-PAP, Bi-PAP, ventilators, and nebulizers. Koninklijke Philips, IndiaMART, Intermesh Ltd, and Healthgenie are some of the key distributors.

Diagnostics accounted for around 35% revenue share in 2019 and is expected to register the fastest CAGR over the forecast period. Technologically advanced products that enable accurate and timely diagnosis such as strapless heart rate monitor, iPhone heart-rate monitor, and TQR heart rate watches are likely to propel the segment growth. Further, increasing patient awareness and health consciousness is also likely to boost growth.

By Services:

Based on services, the Home Healthcare market has been segmented into Skilled home healthcare and unskilled home healthcare. Under skilled home healthcare, we further have sub-segments which are Physician Primary Care, Nursing Care, Physical/occupational/speech therapy, Nutritional Support, Hospice & Palliative, & Others.

Major Players

Key Players in the Australian market for the Home Healthcare market are Bayer AG, Cardinal Health, Inc., Abbott Laboratories, GE Healthcare, Gentiva Health Services, Inc., Johnson & Johnson Services, Inc., Invacare Corporation, 3M Health Care, Phillips Healthcare, F. Hoffmann-La Roche Ltd., Omron Healthcare, Inc., and Medtronic Inc.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Australian Home Healthcare Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Australian Home Healthcare Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australian Home Healthcare market
Chapter 2: Exclusive Summary - the basic information of the Australian Home Healthcare Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australian Home Healthcare
Chapter 4: Presenting the Australian Home Healthcare Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australian Home Healthcare market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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In conclusion, the Australian Home Healthcare Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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