Market Overview

The Australia aged care market reached a value of USD 32.2 Billion in 2024 and is projected to attain USD 61.0 Billion by 2033. The market is expected to grow at a CAGR of 6.70% during the forecast period from 2025 to 2033. Key growth drivers include an aging population, increasing demand for personalized, high-quality care services, and significant government reforms focusing on improving care standards. Additionally, advancements in healthcare technology and emphasis on in-home and community-based care are fueling this sector's expansion.

Grab a sample PDF of this report: https://www.imarcgroup.com/australia-aged-care-market/requestsample

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

• AI-enabled digital health tools such as remote monitoring systems and electronic medication management streamline care delivery and enhance operational efficiency in home care settings.
• The Australian government supports digitalization in aged care through funding and training programs, facilitating wider adoption of AI-powered telehealth services.
• Smart home technologies with AI-driven fall detection sensors, voice assistants, and automated lighting improve safety and autonomy for elderly individuals living independently.
• AI-integrated electronic health records and data analysis contribute to improved compliance with health standards and optimized care planning in aged care homes.
• In August 2024, Accenture secured expanded contracts to develop workforce application services incorporating AI on the Salesforce MuleSoft platform, boosting IT capabilities in the sector.
• AI supports culturally inclusive care by enabling personalized language support and customized care plans catering to Australia’s multicultural elderly population.

Market Growth Factors

The Australia aged care market growth is significantly driven by the rising aging population. More than 22% of Australia's populace will be aged over 65 years, up from 16% in 2020, more than double the 8.3% in the 1970s, fueling demand for aged care services. The old-age dependency ratio is set to increase with every five working-age individuals supporting around two older persons by 2063. This demographic trend intensifies the need for diverse aged care services, including home-based, institutional, and community care, compelling providers to innovate and expand their offerings.

Government initiatives and reforms play a pivotal role in market growth. The Australian Government's deployment of the Aged Care Bill 2024 aims at comprehensive reforms enhancing service quality, safety, and accessibility. This new legislation encourages providers to deliver high-quality, person-centered care in residential and community settings and addresses key recommendations from the Royal Commission into Aged Care Quality and Safety. Funding for infrastructure, training, and digital health tools is amplifying the sector's capabilities, while policies focusing on mental health, culturally inclusive services, and regional care infrastructure reinforce equitable and high-standard care nationwide.

Technological advancements increasingly drive growth in Australia’s aged care sector. Providers integrate digital health tools such as telehealth, electronic medication management, and remote monitoring systems, improving care efficiency and patient-provider communication. Smart home technologies enhance safety and autonomy for elderly individuals living independently. The sector also invests in workforce readiness with upskilling and training in tech competencies. These technological innovations, underpinned by Australia’s robust telecom network and government digitalization programs, lower operational costs, increase care quality, and stimulate sustainable industry growth.

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

Recent Development & News

• August 2025: The Australian Department of Health and Aged Care expanded contracts with Accenture to enhance IT capabilities in aged care, focusing on workforce application services using AI-integrated Salesforce MuleSoft platform for improved operational efficiency.
• July 2025: Touchbio partnered with the Aged & Community Care Providers Association (ACCPA) to promote sustainable and person-centered aged care solutions, reflecting alignment on improving life quality for Australia's elderly.
• October 2025: Government initiatives strengthened funding for digital health adoption and culturally inclusive programs, driving innovation and accessibility in aged care services across urban and regional areas.

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Ask an Analyst for Customized Sample Report: https://www.imarcgroup.com/request?type=report&id=28837&flag=C

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No: (D) +91 120 433 0800

United States: +1-201-971-6302