Australia Aged Care Market Size, Trends, and Analysis Report 2025-2033

Market Overview

The Australia aged care market size reached USD 32.2 Billion in 2024. It is projected to grow significantly, reaching USD 61.0 Billion by 2033, driven by factors such as the rising aging population, increased demand for personalized care, government reforms supporting high-quality care standards, and advancements in healthcare technology. The forecast period for this growth spans from 2025 to 2033 with a CAGR of 6.70%. This market reflects a shift towards in-home and community-based care models enhancing service accessibility and quality.

How AI Is Reshaping the Future of Australia's Aged Care Market:

• AI-powered remote monitoring systems enable continuous vital signs tracking, enhancing elderly autonomy and safety at home.
• Digital medication management platforms using AI reduce errors and improve compliance, supported by government initiatives funding healthcare technology integration.
• AI-driven telehealth facilitates efficient communication between patients, caregivers, and medical professionals, expanding access particularly in regional and remote areas.
• Predictive analytics by AI in aged care homes optimize resource allocation and improve operational compliance with health standards.
• Smart home AI technologies like fall detection sensors and voice assistants enhance elderly safety and independence, aligning with market trends towards personalized care.
• Partnerships like Accenture's delivery of advanced workforce applications reflect AI's expanding role in streamlining aged care service management.

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Market Growth Factors

The growing aging population in Australia is a significant driver of demand for aged care services. Industry reports indicate that by 2026, over 22% of Australians will be aged 65 years and above, up from 16% in 2020. This demographic shift increases the need for diverse care services tailored to older individuals, including community-based and in-home care. The rise in old-age dependency ratios signifies that for every five working-age individuals, there will be around two older persons by 2063, emphasizing sustained pressure on aged care infrastructure and services.

Government initiatives play a pivotal role in expanding and improving aged care. Notably, the Australian Government introduced the Aged Care Bill 2024 aimed at establishing a comprehensive Aged Care Act implementing reforms to enhance service quality and patient rights. The Act facilitates sustainable funding and encourages innovation in care delivery, focusing on residential, community, and home-based services. Additionally, funding for mental health, dementia care training, and infrastructure improvements in regional and remote areas underscore the government's commitment to equitable, quality-aged care.

The shift towards home-based and community-centered care is reshaping service delivery models. Older Australians prefer aging in place, driving the development of personalized services such as personal care, mobility assistance, meal provision, and nursing visits tailored to individual health and lifestyle preferences. This trend is supported by investments in allied health and social interaction programs offered through community centers and day programs. Additionally, workforce development initiatives including specialized training and upskilling in culturally sensitive care, combined with the adoption of digital health technologies, are enhancing the sector’s capacity to deliver high-quality, person-centered care.

Market Segmentation

Services Insights:

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

Application Insights:

• Medical Care
• Rehabilitation
• Assistance

Regional Insights:

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

Key Players

• Accenture
• Touchbio

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent Development & News

• August 2025: The Australian Department of Health and Aged Care expanded contracts with Accenture to enhance IT capabilities in aged care for two more years, focusing on workforce application services development on the Salesforce MuleSoft platform. This development underscores the integration of technology in aged care management.
• July 2025: Touchbio announced a partnership with the Aged & Community Care Providers Association (ACCPA) to improve the quality of life for Australia's elderly by advancing sustainable and person-centered care services, supporting innovative health journeys emphasizing protection, detection, and treatment.
• October 2025: Market statistics reveal growing investments in digital health tools and telehealth services within aged care, underpinned by government funding and training programs, to improve care delivery efficiency, particularly in regional and remote communities.

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