Outpatient Care - Australia & Oceania

Australia & Oceania

In Australia & Oceania, the Outpatient Care market is expected to witness significant growth.
The projected revenue for this market is estimated to reach US$17.67bn in 2024.
Furthermore, it is anticipated that the market will continue to expand at an annual growth rate of 6.47% from 2024 to 2029.
As a result, the market volume is projected to reach US$24.18bn by 2029.
When compared globally, it is interesting to note that in the United States is expected to generate the highest revenue in the Outpatient Care market.
In 2024, it is estimated that the revenue in the United States will amount to US$744.80bn.
Australia & Oceania is witnessing a surge in telehealth services, enabling remote patients to access quality outpatient care.

Key regions: France, Germany, United Kingdom, Canada, United States

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Analyst Opinion

The Outpatient Care market in Australia & Oceania is experiencing significant growth in recent years.

Customer preferences: The increasing aging population and the growing burden of chronic diseases are driving the demand for outpatient care services. Patients prefer outpatient care over hospitalization as it is more cost-effective and convenient. Moreover, the COVID-19 pandemic has accelerated the adoption of telemedicine and virtual consultations, making outpatient care more accessible to patients.

Trends in the market: In Australia, the outpatient care market is expected to grow due to the government's focus on reducing hospitalization rates and providing care outside of hospitals. The demand for outpatient care services is increasing, with a rise in the number of outpatient clinics and medical centers. Additionally, the trend towards personalized medicine is driving the demand for outpatient care services, as patients require more specialized care.In New Zealand, the outpatient care market is experiencing growth due to the increasing demand for services, particularly in rural areas. The government is investing in telehealth services, making it easier for patients to access outpatient care services. The use of technology is also driving growth in the market, with the adoption of electronic health records and telemedicine.

Local special circumstances: In Australia, the private sector dominates the outpatient care market, with private medical centers and clinics accounting for a significant share of the market. The government is encouraging the growth of the public sector to increase access to outpatient care services, particularly in rural and remote areas.In New Zealand, the government provides most of the outpatient care services, with private providers accounting for a smaller share of the market. The government is investing in technology and telehealth services to improve access to outpatient care services, particularly in rural areas.

Underlying macroeconomic factors: The aging population and the increasing burden of chronic diseases are driving the demand for outpatient care services in Australia and New Zealand. The growing focus on reducing healthcare costs and increasing efficiency is also driving growth in the outpatient care market. The adoption of technology and telemedicine is expected to further drive growth in the market, making outpatient care services more accessible to patients. Overall, the outpatient care market in Australia & Oceania is expected to continue to grow in the coming years, driven by changing patient preferences and underlying macroeconomic factors.

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.