Inpatient Care - Australia & Oceania

Australia & Oceania

The Inpatient Care market in Australia & Oceania is expected to witness significant growth in the coming years.
The projected revenue for the market is estimated to reach US$47.81bn by 2024.
Furthermore, it is anticipated that the market will experience a stable annual growth rate (CAGR 2024-2029) of 4.48%, leading to a market volume of US$59.51bn by 2029.
In terms of global comparison, in the United States is expected to generate the highest revenue in the Inpatient Care market, with an estimated value of US$731.40bn in 2024.
Australia's inpatient care market is experiencing a surge in demand due to the country's aging population and increasing prevalence of chronic diseases.

Key regions: India, Canada, Japan, United Kingdom, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The demand for quality healthcare services has been on the rise in Australia & Oceania, leading to the development of the Inpatient Care market.

Customer preferences: Customers in Australia & Oceania are increasingly seeking high-quality healthcare services that are affordable and accessible. The aging population in the region has also contributed to the growth of the Inpatient Care market, as older adults require more medical attention and hospitalization. Additionally, the rise of chronic diseases such as cancer, diabetes, and cardiovascular diseases has led to an increase in demand for inpatient care services.

Trends in the market: The Inpatient Care market in Australia & Oceania is experiencing a shift towards more specialized care services. For instance, there is a growing demand for mental health services, which has led to the development of specialized hospitals and clinics. Additionally, there is a trend towards the use of technology in healthcare services, such as telemedicine, which allows patients to receive medical attention remotely.

Local special circumstances: Australia & Oceania has a unique healthcare system, which has contributed to the development of the Inpatient Care market in the region. For instance, Australia has a universal healthcare system that provides free or subsidized healthcare services to its citizens. This has led to an increase in demand for inpatient care services, as more people can afford to seek medical attention. Additionally, the region has a high number of private healthcare providers, which has led to increased competition and the development of specialized services.

Underlying macroeconomic factors: The growth of the Inpatient Care market in Australia & Oceania is also influenced by macroeconomic factors such as population growth, economic development, and government policies. The region has a growing population, which has led to an increase in demand for healthcare services. Additionally, the economic development of the region has led to an increase in disposable income, which has made it easier for people to afford healthcare services. Finally, government policies such as healthcare reforms and investments in healthcare infrastructure have also contributed to the growth of the Inpatient Care market in the region.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.